FTSE, Xinhua launch China index
The China 25 is the first of a series of tradable China indices for foreign and domestic users.
Yesterday Thursday FTSE and Xinhua Financial Networks joint venture rolled out the China 25 index - a new index of red chips, H, B and N shares for foreign investors and traders, which follows FTSEs guidelines of adjusting for a free float and capping any one stocks weighting at 10%. It directly takes on MSCI the Morgan Stanley Capital International indices, whose China country index does not have that cap, which means a handful of...
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