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FTSE/Xinhua Launches First Tradable Chinese Index
The Hong Kong-based FTSE/Xinhua Index Ltd Thursday announced the launch of its FTSE/Xinhua China 25 Index, a capped, tradable index featuring the largest, most liquid Chinese equities available to international investors.
The index is designed to meet regulatory requirements worldwide and subject to US regulatory approvals, the New York Stock Exchange will list and trade an exchange traded fund on the new index.
"As China prepares to enter the WTO, international investors are seeking financial indices that adopt global standards such as the FTSE/Xinhua China 25 Index," said Fredy Bush, chairman of FTSE/ Xinhua Index Ltd, a joint venture set up by FTSE and Xinhua Financial Network.
The index went live Thursday with dissemination of real-time valuation via Reuters.
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