In The News
Halter USX China Index Adds Origin Agritech Limited (NASDAQ: SEED) and Announces Third Quarter 2006 Results
10/2/2006
DALLAS, October 2, 2006 - For the third quarter of 2006, the Halter USX China Index (Amex: ^HXC) was up 0.60%. During the same period, the Dow Jones Industrial Average increased 4.74% and the NASDAQ was up 3.97%.
HXC is also pleased to announce the inclusion of one new constituent to its existing index of China-focused, U.S. listed companies: Origin Agritech Limited (NASDAQ: SEED). Origin Agritech, through its subsidiaries, engages in the research, development, production, sale, and distribution of hybrid crop seeds in the People's Republic of China. It primarily provides corn seeds, cotton seeds, and rice seeds. The company develops, produces, and sells both internally developed and licensed crop seeds. It distributes its products through a distribution network, including first-level distributors, second-level distributors, and retailers. The company was founded in 1997 and is headquartered in Beijing, the People's Republic of China.
About the Halter USX China Index
The Index, created by the Halter Financial Group and calculated and distributed by the Amex, is comprised of companies whose common stock is publicly traded in the United States and the majority of whose business is conducted within the People's Republic of China. The Halter USX China Index was created in response to the unique economic opportunities taking place in China, as well as the current dynamics in the United States capital markets. While there is strong demand for Chinese equity, U.S. investors still seek and prefer the transparency offered with a U.S. listing. For a company to be included in the Halter USX China Index it must conduct a majority of its business in China, maintain an average market cap of over $50 million for the preceding 40 trading days, trade on the NYSE, Amex or NASDAQ and be approved by USX Selection Committee. Investors can buy the Index by investing in an exchange traded fund (ETF), the PowerShares Golden Dragon Halter USX China Portfolio (AMEX:PGJ). For more information please visit www.usxchinaindex.com. The following 56 public companies currently comprise the Halter USX China Index:
51 Job, Inc. (NASDAQ: JOBS)
Actions Semiconductor Co (NASDAQ: ACTS)
Aluminum Corp. of China Ltd. (NYSE: ACH)
ASAT Holdings Ltd. (NASDAQ: ASTT)
AsiaInfo Holdings, Inc. (NASDAQ: ASIA)
Baidu.com, Inc. (NASDAQ: BIDU)
Brilliance China Automotive Holdings Ltd. (NYSE: CBA)
China Automotive Systems Inc (NASDAQ: CAAS)
China BAK Battery, Inc. (NASDAQ: CBAK)
China Eastern Airlines Corporation Ltd. (NYSE: CEA)
China Finance Online (NASDAQ: JRJC)
China Medical Technologies, Inc. (NASDAQ: CMED)
China Mobile Hong Kong Ltd. (NYSE: CHL)
China National Offshore Oil Corp. (NYSE: CEO)
China Netcom Group Corporation (NYSE:CN)
China Petroleum and Chemical Corp (Sinopec) (NYSE: SNP)
China Southern Airlines Company Ltd. (NYSE: ZNH)
China Techfaith Wireless Communication Technology Limited (NASDAQ: CNTF)
China Telecom Corporation Ltd (NYSE: CHA)
China Unicom Ltd (NYSE: CHU)
China Yuchai International Ltd. (NYSE: CYD)
Chinadotcom Corporation (NASDAQ: CHINA)
China Life Insurance Co Ltd (NYSE: LFC)
Comtech Group, Inc. (NASDAQ: COGO)
Ctrip.com (NASDAQ: CTRP)
Deswell Industries Inc (NASDAQ: DSWL)
eLong (NASDAQ: LONG)
Focus Media Holding Ltd. (NASDAQNM: FMCN)
Guangshen Railway Co Ltd (NYSE: GSH)
HuaNeng Power International, Inc. (NYSE: HNP)
Hurray! Holding Co., Ltd. (NASDAQ: HRAY)
INTAC International (NASDAQ: INTN)
International DisplayWorks, Inc. (NASDAQ: IDWK)
KongZhong Corporation (NASDAQ: KONG)
Linktone Ltd (NASDAQ: LTON)
Nam Tai Electronics Inc (NYSE: NTE)
Netease.com, Inc. (NASDAQ: NTES)
New Dragon Asia Corp. (AMEX: NWD)
Ninetowns Digital World Trade Holdings Ltd (NASDAQ: NINE)
Origin Agritech Limited (NASDAQ: SEED)
Pacificnet Inc. (NASDAQ: PACT)
PetroChina Co. Ltd. (NYSE: PTR)
Qiao Xing Universal Telephone, Inc. (NASDAQ: XING)
Radica Games Ltd (NASDAQ: RADA)
Shanda Interactive Entertainment Ltd (NASDAQ: SNDA)
Sina Corporation (NASDAQ: SINA)
Sinopec Shanghai Petrochemcial Co. Ltd. (NYSE: SHI)
Semiconductor Manufacturing International Corp (NYSE: SMI)
Sinovac Biotech, Ltd. (Amex: SVA)
Sohu.com, Inc. (NASDAQ: SOHU)
Suntech Power Holdings Co. Ltd. (NYSE: STP)
The9 Limited (NASDAQ: NCTY)
Tiens Biotech Group (Amex: TBV)
Tom Online Inc (NASDAQ: TOMO)
UTStarcom Inc (NASDAQ: UTSI)
Yanzhou Coal Mining Co. Ltd. (NYSE: YZC)
For further information, please contact:
Michelle Titus
michelle@halterfinancial.com
1-972-233-0300
The information in this news release includes certain forward looking statements that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements to the future financial performance of the Company. Although the Company believes that the expectations reflected in its forward looking statements are reasonable, it can give no assurance that such expectations or any of its forward- looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, product development and acceptance, the impact of competitive services and pricing, or general economic risks and uncertainties.