FTSE and Xinhua Financial News in Hong Kong are forming FTSE/Xinhua Index, a joint-venture company creating a series of real-time indexes for use by international investors and the Chinese investment community. The indexes, to be announced early next year, can be used as performance benchmarks, as a basis for derivatives trading, and for index-tracking funds including ETFs for the Chinese market.
All stocks in the FTSE/Xinhua indexes will be free-float adjusted and will be classified according to the FTSE Global Classification System. Xinhua recently introduced the Xinhua Composite index of 400 Chinese companies.
