Has been since 1882, Dow Jones has been committed to providing information services for business, publishing important global economic, financial news and information, the Dow Jones has more than 1,600 worldwide reporters and editors. May 27, 1996 commemoration of the Dow Jones Industrial Average index of 100th anniversary of the Dow Jones introduced the Dow Jones China Index Series. As the first global index compiled by the agency for the Chinese mainland stock market Index Series, the Dow Jones China Index provides investors with a measure of the performance of China's domestic capital market authority of tools. Dow Jones China Index series include: Dow Jones China 88 Index (Road 88 index) Dow Jones China Index (Road index) Dow Jones Shanghai Index (Road Shanghai index) Dow Jones Shenzhen Index (dark-index) In order to accurately represent the actual trading of stocks investors can number, the Dow Jones China Index in the stock _select_ion and index calculation using the shares outstanding, which excludes state-owned shares, institutional shareholders and employees of non-tradable shares. In the calculation for the _select_ion of constituent stocks of the free flow of capital, the road in the index series excludes the market value of holding more than 5% of individuals, companies and other government-held shares. Road, Shanghai Index and the dark-index constituent stocks were _select_ed from the Shanghai Stock Exchange and Shenzhen Stock Exchange traded stocks in all, they cover the local market were 95% of the total market capitalization. The _select_ion of constituent stocks in the adjusted market capitalization and liquidity of the stock is based. In order to reflect the diversity of all industries and sectors, in the process of _select_ing constituent stocks also considered the distribution between different industrial sectors. Dow Jones China Index Road, Shanghai, and dark-merger index, representing the Shanghai Stock Exchange and Shenzhen Stock Exchange in trading stocks, 95%. These three indices are designed for the stock market benchmark index to track China's growing stock market, the general trend. They measure the operation of the market for Chinese investors to provide an accurate and authoritative tools. Road in the Dow Jones China 88 Index 88 Index market capitalization of the largest and most liquid stock composition. In the process of _select_ing constituent stocks of the two main criteria used is based on the average daily trading volume calculated market value and trading liquidity. Meanwhile, the buffer will be appropriate to ensure the establishment of Road 88 has a lower index of convertible index rate.
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Dow Jones China Index Series sampling industry
Dow Jones China Index series all stock in accordance with the Dow Jones Global Industry Classification Standard division. The standard has four levels, including 10 industries and 18 areas, 51 industries and 89 sectors. One of the most senior of the 10 industries, including basic materials, consumer cyclical, non-cyclical consumer goods, basic energy, financial services, healthcare, industrial production, information technology, telecommunications services and utilities. Dow Jones Global Index family with all the indices like the Dow Jones China Index series compiled to ensure the same: accurate quality index; calculated transparent; constituent stocks of the _select_ion rules of objectivity; to market performance as the only standard, and with the light of future changes in financial markets, the flexibility to adjust. In addition, the constituent stocks of the _select_ion and evaluation based on the principles of systematic and transparent, the use of quantitative methods to reduce bias caused by human factors and can support the testing. Dow Jones China Index Series quarterly review time, the constituent stocks of the adjustment. As China's stock market is increasingly prosperous and sustainable development, while constantly adjusting the structure, so the channel index in the corresponding conversion rate will be higher.
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Dow Jones China Index Series is calculated by
Dow Jones China Index Series in four indices are denominated in Renminbi yuan, the base period are 31 December 1993, the base _set_ at 100. Although the Shanghai Stock Exchange and Shenzhen Stock Exchange in December 1990 began to run, but the decision is not retroactive in the preparation of indices of historical data before 1993. This is because, before 1993, for various reasons, the two markets do not form a regular transaction. These reasons include insufficient number of listed stocks, speculative trading and the lack of standardization of strong market discipline. Among the world's leading indices of the Dow Jones index sector institutions to develop and maintain the 3,000 kinds of global indices, used as a benchmark, as well as the basis for investment products. Dow Jones Index has become the basis of the market a variety of financial products, including futures and options, mutual funds, exchange-traded funds, index-based annuities and structured products, such as OTC options, swaps, warrants and stock and related bills.
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Dow Jones China Index Series development
Since April 1, 2004, the Dow Jones China Index (Road Index) constituent stocks from 985 to 1033, of which 970 a share and 63 b shares. Dow Jones Shanghai Index (Road Shanghai index) constituent stocks from 607 to 626, which increased by 42 stocks, a decrease of 23 stocks; and Dow Jones Shenzhen Index (dark-index) constituent stocks increased from 378 to 407, which increased by 38 stocks, a decrease of 9 stocks. Adjusted Road indices of the three major market indices floating capitalization coverage will be approximately 95% of Shanghai and Shenzhen. To China and global investors to provide an accurate track of the rapid development of China's stock market tools, Road in the Dow Jones index series with a global stock index with the same strict standards. Dow Jones index in the stock _select_ion and index calculation using the shares outstanding, to the exclusion of state-owned shares and unlisted employee shares in circulation, so that investors can accurately represent the actual number of shares traded. In the calculation for the _select_ion of constituent stocks of the free flow of capital, the Dow Jones index excludes individuals, other companies and the government held more than 5% of the market value of the shares.
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Equity Securities
About Dow Jones China Index Series Has been since 1882, Dow Jones has been committed to providing information services for business, publishing important global economic, financial news and information, the Dow Jones has more than 1,600 worldwide reporters and editors. May 27, 1996 commemoration of the Dow Jones Industrial Average index of 100th anniversary of the Dow Jones introduced the Dow Jones China Index Series. As the first global index compiled by the agency for the Chinese mainland stock market Index Series, the Dow Jones China Index provides investors with a measure of the performance of China's domestic capital market authority of tools. Dow Jones China Index series include: Dow Jones China 88 Index (Road 88 Index) Dow Jones China Index (Road Index) Dow Jones Shanghai Index (Road Shanghai Index) Dow Jones Shenzhen Index (dark-index) In order to accurately represent the actual trading of stocks investors can number, the Dow Jones China Index in the stock _select_ion and index calculation using the shares outstanding, which excludes state-owned shares, institutional shareholders and employees of non-tradable shares. In the calculation for the _select_ion of constituent stocks of the free flow of capital, the road in the index series excludes the market value of holding more than 5% of individuals, companies and other government-held shares. Road, Shanghai Index and the dark-index constituent stocks were _select_ed from the Shanghai Stock Exchange and Shenzhen Stock Exchange traded stocks in all, they cover the local market were 95% of the total market capitalization. The _select_ion of constituent stocks in the adjusted market capitalization and liquidity of the stock is based. In order to reflect the diversity of all industries and sectors, in the process of _select_ing constituent stocks also considered the distribution between different industrial sectors. Dow Jones China Index Road, Shanghai, and dark-merger index, representing the Shanghai Stock Exchange and Shenzhen Stock Exchange in trading stocks, 95%. These three indices are designed for the stock market benchmark index to track China's growing stock market, the general trend. They measure the operation of the market for Chinese investors to provide an accurate and authoritative tools. Road in the Dow Jones China 88 Index 88 Index market capitalization of the largest and most liquid stock composition. In the process of _select_ing constituent stocks of the two main criteria used is based on the average daily trading volume calculated market value and trading liquidity. Meanwhile, the buffer will be appropriate to ensure the establishment of Road 88 has a lower index of convertible index rate. Dow Jones China Index Series sampling industry Dow Jones China Index series all stock in accordance with the Dow Jones Global Industry Classification Standard division. The standard has four levels, including 10 industries and 18 areas, 51 industries and 89 sectors. One of the most senior of the 10 industries, including basic materials, consumer cyclical, non-cyclical consumer goods, basic energy, financial services, healthcare, industrial production, information technology, telecommunications services and utilities. Dow Jones Global Index family with all the indices like the Dow Jones China Index series compiled to ensure the same: accurate quality index; calculated transparent; constituent stocks of the _select_ion rules of objectivity; to market performance as the only standard, and with the light of future changes in financial markets, the flexibility to adjust. In addition, the constituent stocks of the _select_ion and evaluation based on the principles of systematic and transparent, the use of quantitative methods to reduce bias caused by human factors and can support the testing. Dow Jones China Index Series quarterly review time, the constituent stocks of the adjustment. As China's stock market is increasingly prosperous and sustainable development, while constantly adjusting the structure, so the channel index in the corresponding conversion rate will be higher. Dow Jones China Index Series is calculated by March 31, 2004, Beijing - Dow Jones & Company announced today that index since April 1, 2004 from rebalancing to reflect