In The News
USX China Index Rose 104% in 2003 - Beating DJIA, Nasdaq and Shanghai Composite Index by a Large Measure
01/07/04
Carl Thompson/Principal
CTA Public Relations
303-665-4200
carl@ctapr.com
Dallas, TX - The USX China Index ("^USXC")
finished the year up 103.8%, rising 25.6% for the month of December. By
comparison, the Dow Jones Industrial Average posted a 25.3% gain for
2003 and was up 6.9% in December, while the Nasdaq was up 50.0% for the
year and 2.2% in December. The Shanghai Composite Index, which tracks
stocks trading directly on the Shanghai exchange, ended the year up
10.3%, showing a 7.1% gain in December. "The significant gains for the
past year in The USX China Index reflect the heavy buying interest shown
by investors toward Chinese-focused public companies that have their
securities traded on U.S. regulated stock exchanges," said Tim Halter,
Managing Director of the USX China Index. "The past year's performance
underscores two important trends. In the U.S. markets, Chinese stocks
are outpacing U.S. companies and Chinese companies listed in the U.S.
are significantly outperforming their counterparts listed directly on
Chinese exchanges."
The USX China Index was launched in October 2003 as the only index in
the world devoted exclusively to Chinese-focused public companies traded
on U.S. stock exchanges.
The biggest gainer within The USX China Index during the month of
December was Sinopec Beijing Yanhua Petrochemical Co. Ltd. (NYSE: BYH -
News), posting an increase of 76.4%, while the biggest decliner was
Netease.com, Inc. (Nasdaq: NTES - News), which was down 20.9% in the
month of December.
Looking at the year, the index's biggest gainer was China Yuchai (NYSE:
CYD - News), which was up 570% in 2003, while the lowest performer was
AsiaInfo Holdings, Inc. (Nasdaq: ASIA - News), up 5% in 2003.
It was also announced that two new companies were added this week to the
USX China Index: China Life Insurance Co. Ltd. (NYSE: LFC - News) and
Ctrip.com
(Nasdaq: CTRP - News).
With the two new additions, there are now 34 companies represented in
the USX China Index. To be included in the USX China Index, companies
must meet the following criteria:
-- The majority of their business is conducted in China.
-- Their common stock is traded on a major U.S. exchange.
-- Each company's market capitalization is more than $50 million.
-- The company is approved by The USX China Index selection
Committee, which considers additional factors such as float, liquidity and
business fundamentals.
The following 34 public companies now comprise the USX China Index:
Aluminum Corp. of China Ltd. (NYSE: ACH)
ASAT Holdings Ltd. (Nasdaq: ASTT)
AsiaInfo Holdings, Inc. (Nasdaq: ASIA)
Beijing Yanhua Petrochemical Co. Ltd. (NYSE: BYH)
Brilliance China Automotive Holdings Ltd. (NYSE: CBA)
China Eastern Airlines Corporation Ltd. (NYSE: CEA)
China Mobile Hong Kong Ltd. (NYSE: CHL)
China National Offshore Oil Corp. (NYSE: CEO)
China Petroleum and Chemical Corp (Sinopec) (NYSE: SNP)
China Southern Airlines Company Ltd. (NYSE: ZNH)
China Telecom Corporation Ltd (NYSE: CHA)
China Unicom Ltd (NYSE: CHU)
Ctrip.com (Nasdaq: CTRP)
China Yuchai International Ltd. (NYSE: CYD)
Chinadotcom Corporation (Nasdaq: CHINA)
Chindex International, Inc. (Nasdaq: CHDX)
Deswell Industries Inc (Nasdaq: DSWL)
Guangshen Railway Co Ltd (NYSE: GSH)
HuaNeng Power International, Inc. (NYSE: HNP)
INTAC International (Nasdaq: INTN)
Jilin Chemical Industrial Co. Ltd. (NYSE: JCC)
China Life Insurance Co Ltd (NYSE: LFC)
Nam Tai Electronics Inc (NYSE: NTE)
Netease.com, Inc. (Nasdaq: NTES)
Peak Intl Ltd (Nasdaq: PEAK)
PetroChina Co. Ltd. (NYSE: PTR)
Qiao Xing Universal Telephone, Inc. (Nasdaq: XING)
Radica Games Ltd (Nasdaq: RADA)
Sina Corporation (Nasdaq: SINA)
Sinopec Shanghai Petrochemcial Co. Ltd. (NYSE: SHI)
Sohu.com, Inc. (Nasdaq: SOHU)
UTStarcom Inc (Nasdaq: UTSI)
Yanzhou Coal Mining Co. Ltd. (NYSE: YZC)
Zindart Ltd (Nasdaq: ZNDT)
For further information, please contact: Bevo Beaven, VP, bevo@ctapr.com,
or Carl Thompson, Principal, carl@ctapr.com, both of CTA Public Relations,
+1-303-665-4200, for USX China Index.
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