New index highlights power of Chinese private sector

UBS Warburg is introducing an index tracking the performance of China''s listed private sector.

UBS Warburg has introduced the first index to cover China's private sector, the China Private Enterprise Index, also known as the ôP-Share Indexö. It reflects the performance of Chinese companies with controlling stakes held by individuals or families. Tracking the index's constituents reveals it has jumped 51.07% in local currency terms and 50.89% in dollar terms from January to August 1, 2001.

In contrast, the red chip index Chinese companies incorporated in Hong Kong has risen 1.49%, while the H-share...

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