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Bank of Communication Makes Fast Track Entry to Xinhua FTSE Indices

2007-05-15 19:16 2561

BEIJING, May 15 /Xinhua-PRNewswire/ -- Xinhua FTSE Index (XFI), the independent China index company, announced today that Bank of Communication (601328) will be incorporated into Xinhua FTSE’s suite of A share indices, following its IPO on Shanghai Stock Exchange. The inclusion will take effect when China markets open on May 22, 2007. Headquartered in Shanghai, Bank of Communication is the fifth-largest lender in China.

Applying the fast-track entry rules, the company will become a constituent of the Xinhua/FTSE China A50 Index, and 200, 400, 600, and All Share indices, as well as the Xinhua FTSE Insurance Investment Index. For further details regarding rebalancing, please refer to the technical notice at http://www.ftse.com/xinhua/Indices/International_Investors/Index_Changes.jsp .

The stock is added as a fast entry to the index (i.e., it does not need to wait until the regular quarterly review) as XFI Ground Rules allow for sufficiently large stocks to be added 5 trading days after listing. This rule is in place to ensure that the index remains an up to date and accurate reflection of the market it measures, and allows investors to use the index as a tracking and analysis tool with confidence and precision.

Xinhua FTSE index series is widely regarded as the leading measure of the China market by domestic and international investors and is used as the basis of a set of Exchange Traded Funds (ETFs), and derivative products on exchanges around the world. In the first quarter of 2007, the total assets tracking and benchmarking the index series exceeded USD 50 billion worldwide.

More information about the Xinhua FTSE Index Series is available at http://www.xinhuaftse.com .

Notes to Editors

About Xinhua FTSE Index

Established in late 2000, FTSE Xinhua Index (FXI), a joint venture between Xinhua Finance Limited and FTSE, came into being to facilitate the creation of real-time indices for the Chinese market. The indices can be used as a basis for the trading of derivatives, index-tracking funds, Exchange Traded Funds and as performance benchmarks. The combination of FTSE’s expertise in international indexing with Xinhua Finance’s strong presence and capabilities in China creates a level of expertise in the Chinese market that is unprecedented. Providing the combined coverage for the Shanghai and Shenzhen exchanges, all of the FTSE/Xinhua indices are designed according to internationally proven index methodology to ensure products are transparent, clear and consistent. For daily data and further information, please visit http://www.ftsexinhua.com .

About FTSE Group

FTSE Group is a world-leader in the creation and management of indexes. With offices in Beijing, London, Frankfurt, Hong Kong, Madrid, Paris, New York, San Francisco, Boston, Shanghai and Tokyo, FTSE Group services clients in 77 countries worldwide. It calculates and manages the FTSE Global Equity Index Series, which includes world-recognized indexes ranging from the FTSE All-World Index, the FTSE4Good series and the FTSEurofirst Index series, as well as domestic indexes such as the prestigious FTSE 100. The company has collaborative arrangements with the Athens, AMEX, Cyprus, Euronext, Johannesburg London, Madrid, NASDAQ Thailand and Taiwan exchanges, as well as Nomura Securities, Hang Seng and Xinhua Finance of China. FTSE also has a collaborative agreement with Dow Jones Indexes to develop a single sector classification system for global investors.

FTSE indexes are used extensively by investors world-wide for investment analysis, performance measurement, asset allocation, portfolio hedging and for creating a wide range of index tracking funds. Independent committees of senior fund managers, derivatives experts, actuaries and other experienced practitioners review all changes to the indexes to ensure that they are made objectively and without bias. Real-time FTSE indexes are calculated on systems managed by Reuters. Prices and FX rates used are supplied by Reuters.

About Xinhua Finance Limited

Xinhua Finance Limited is China’s premier financial information and media service company and is listed on the Mothers Board of the Tokyo Stock Exchange (symbol: 9399) (OTC ADRs: XHFNY). Bridging China’s financial markets and the world, Xinhua Finance serves financial institutions, corporations and re-distributors through five focused and complementary service lines: Indices, Ratings, Financial News, Investor Relations, and Distribution. Founded in November 1999, the Company is headquartered in Shanghai, with offices and news bureaus spanning 14 countries worldwide.

Source: Xinhua FTSE Index
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