FTSE/Xinhua Index (FXI) has launched a new family of domestic China indices to help international investors analyse and assess the performance of China A + B shares. The five new indices include the FTSE/Xinhua China A 600.
The index series measures the performance of both A and B shares, listed on the Shanghai and Shenzen Stock Exchanges. The FTSE/Xinhua China A series comprises a tradable, a benchmark and sector based indices, while the B share series contains one tradable and one benchmark index. The five new indices, along with the recently launched tradable index for international investors, the FTSE/Xinhua China 25, make up the FTSE/Xinhua China series.
Commenting on the launch, Mark Makepeace, a director of FXI and chief executive of FTSE said: “The new index series aims to contribute to the ongoing internationalisation of the Chinese investment market, by providing a transparent and globally recognised method of index design.”
Fredy Bush, FXI chairman and CEO of Xinhua Financial News, said: “As China’s anticipated accession to the World Trade Organisation comes closer, international investors seek a reliable and effective research tool to gauge the performance of the China market. The index reflects the energy of China’s financial market, as well as the enthusiasm the international community feels for it.”
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