dow-jones-indexes-to-launch-islamic-market-china-offshore-index

Dow Jones Indexes to launch Islamic market China offshore index

Index providers also adapt their key indices to include the Bank of China.
Dow Jones Indexes, the US-based index provider, is to expand its Islamic Market Index series by launching the Dow Jones Islamic Market China Offshore Index.

The company says the Dow Jones Islamic Market China Offshore Index represents companies that have been screened for compliance with shariah principles and whose primary operations are in mainland China, but trade on the Hong Kong Stock Exchange, New York Stock Exchange, Nasdaq or American Stock Exchange.

Stocks included in the index are H shares, red chips, ADRADS and Chinese stocks listed in the US. The move is presumably designed to recognise the huge flows of Middle Eastern money currently flowing into the region and chasing Chinese...
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