NEW YORK, Oct. 7, 2007 (PRIME NEWSWIRE) -- Dow Jones Indexes, a leading global index provider, today announced that the fast entry rule will be applied to the Dow Jones China 88 Index methodology, a blue-chip index measuring the performance of the largest and most liquid stocks traded on the Shanghai and Shenzhen stock exchanges.
Effective with the open of trading today, October 8, 2007, Initial Public Offerings (IPO) ranked among the top 30 by free-float market capitalization based on the most recent selection list respectively will be added to the index two days after its IPO date to replace the lowest-ranked component. The change will reflect the performance of the Chinese stock market more accurately as an increasing number of red-chips, H shares and large IPOs are being listed at the China domestic market.
The Dow Jones China 88 Index is reviewed semi-annually, in March and September. All stocks are classified based upon the Industry Classification Benchmark (ICB), a four-tier hierarchy that includes ten Industry Groups, 18 Supersectors, 39 Sectors and 104 Subgroups.
The Dow Jones China Indexes are designed to provide investors globally with accurate tools for measuring equity performance in China. Float-adjusted shares, which exclude all state-owned and unlisted employee shares, are used for stock selection and index calculation, in order to accurately reflect shares available to the public. Block holdings of individuals, other companies or governments that exceed 5% of total market value are also excluded.
The Dow Jones China 88, Dow Jones Shanghai and Dow Jones Shenzhen indexes were launched on May 27, 1996 to commemorate the 100th anniversary of the Dow Jones Industrial Average, the world's most widely quoted stock market indicator.
The methodology, as well as a full list of components, weightings and values of the Dow Jones China Indexes, is available at http://www.djchinaindexes.com
Journalists may e-mail questions regarding this press release to PR-Indexes@dowjones.com or contact Dow Jones Indexes/STOXX press office:
New York: +1-212-597-5720 Frankfurt: +49-69-29-725-290
Note to Editors:
About Dow Jones Indexes
A full-service index provider, Dow Jones Indexes develops, maintains and licenses indexes for use as benchmarks and as the basis of investment products. Best known for the Dow Jones Industrial Average, Dow Jones Indexes also is co-owner of the Dow Jones STOXX indexes, the world's leading pan-European indexes, and together with Wilshire Associates, provides the Dow Jones Wilshire Global Index family, which is anchored by the Dow Jones Wilshire 5000 and covers more than 12,000 securities in 59 markets. Beyond equity indexes, Dow Jones Indexes maintains a number of alternative indexes, including measures of the hedge fund and commodity markets. Dow Jones indexes are maintained according to clear, unbiased and systematic methodologies that are fully integrated within index families. www.djindexes.com
Dow Jones Indexes is part of Dow Jones & Company (NYSE:DJ) (dowjones.com), which is a leading provider of global business news and information services. Its Consumer Media Group publishes The Wall Street Journal, Barron's, MarketWatch.com, eFinancialNews and the Far Eastern Economic Review. Its Enterprise Media Group includes Dow Jones Newswires, Factiva, Dow Jones Client Solutions, Dow Jones Indexes and Dow Jones Financial Information Services. Its Local Media Group operates community-based information franchises. Dow Jones owns 50% of SmartMoney and 33% of STOXX Ltd. and provides news content to CNBC and radio stations in the U.S.
The Dow Jones Indexes logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=1289