New index highlights power of Chinese 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.