Halter USX China Index Announces Third Quarter 2008 Results and Adds New Constituents
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DALLAS--(BUSINESS WIRE)--
For the third quarter of 2008, the Halter USX China Index (Amex: HXC) was down 21.97%. During the same period, the Dow Jones Industrial Average decreased 4.40% and the NASDAQ decreased 9.19%.
HXC is also pleased to announce the inclusion of eight new constituents to its existing index of China-focused, U.S. listed companies including: China Fire & Security Group (NASDAQ: CFSG) which engages in the design, development, manufacture, and sale of fire protection products and services for industrial customers; China Housing & Land Development, Inc. (NASDAQ: CHLN) engaged in the acquisition, development, management, and sale of commercial and residential real estate properties; China Information Security Technology, Inc (NASDAQ: CPBY) focuses on the development and implementation of public security and Geographic Information System (GIS) related projects; China Sky One Medical, Inc. (NASDAQ: CSKI) develops, manufactures and markets over-the-counter nutritional supplements and herb based pharmaceutical and medicinal products; General Steel Holdings, Inc. (NYSE: GSI) operates a portfolio of steel companies serving various industries; Zhongpin, Inc. (NASDAQ: HOGS) which engages in the meat and food processing and distribution business; Wuhan General Group (China), Inc. (NASDAQ: WUHN) designs, develops, manufactures, and sells industrial blowers, and steam and water turbines; and China Direct, Inc (NASDAQ: CDSDD) which is a management and advisory services organization, which owns and consults business entities operating in the People's Republic of China.
It was also announced that China Shenghuo Pharmaceutical Holdings, Inc. (AMEX: KUN) was removed from the Index.
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 gain exposure to the Index by either investing in an exchange traded fund (ETF), the PowerShares Golden Dragon Halter USX China Portfolio (AMEX: PGJ) or by purchasing an actively managed mutual fund, the Halter Pope USX China Fund (Symbol: HPCHX). For more information please visit www.usxchinaindex.com. The following 102 public companies currently comprise the Halter USX China Index:
3SBio, Inc. (NASDAQ: SSRX) 51 Job, Inc. (NASDAQ: JOBS) Acorn International, Inc. (NYSE: ATV) Actions Semiconductor Co (NASDAQ: ACTS) Agria Corp. (NYSE: GRO) Aluminum Corp. of China Ltd. (NYSE: ACH) American Dairy, Inc (NYSE: ADY) AsiaInfo Holdings, Inc. (NASDAQ: ASIA) Baidu.com, Inc. (NASDAQ: BIDU) Canadian Solar, Inc. (NASDAQ: CSIQ) China Automotive Systems Inc (NASDAQ: CAAS) China BAK Battery, Inc. (NASDAQ: CBAK) China Digital TV Holdings Co., LTD. (NYSE: STV) China Direct, Inc (NASDAQ: CDSDD) China Eastern Airlines Corporation Ltd. (NYSE: CEA) China Finance Online (NASDAQ: JRJC) China Fire & Security Group (NASDAQ: CFSG) China Housing & Land Development, Inc. (NASDAQ: CHLN) China Information Security Technology, Inc (NASDAQ: CPBY) China Life Insurance Co Ltd (NYSE: LFC) China Medical Technologies, Inc. (NASDAQ: CMED) China Mobile Hong Kong Ltd. (NYSE: CHL) China National Offshore Oil Corp. (NYSE: CEO) China Nepstar Chain Drugstore Ltd. (NYSE: NPD) China Netcom Group Corporation (NYSE: CN) China Petroleum and Chemical Corp (Sinopec) (NYSE: SNP) China Security & Surveillance Technology, Inc. (NYSE: CSR) China Sky One Medical, Inc. (NASDAQ: CSKI) China Southern Airlines Company Ltd. (NYSE: ZNH) China Sunergy Co. Ltd. (NASDAQ: CSUN) 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) ChinaCast Education Corp. (NASDAQ: CAST) Chinadotcom Corporation (NASDAQ: CHINA) ChinaEdu Corp. (NASDAQ: CEDU) Chindex International Inc (NASDAQ: CHDX) Cninsure, Inc. (NASDAQ: CISG) Comtech Group, Inc. (NASDAQ: COGO) Ctrip.com (NASDAQ: CTRP) Deswell Industries Inc (NASDAQ: DSWL) E-House (China) Holdings Limited (NYSE: EJ) eLong (NASDAQ: LONG) Focus Media Holding Ltd. (NASDAQNM: FMCN) Fuqi International, Inc. (NASDAQ: FUQI) Fushi International, Inc (NASDAQ: FSIN) General Steel Holdings, Inc. (NYSE: GSI) Giant Interactive Group, Inc. (NYSE: GA) Global Sources Ltd (NASDAQ: GSOL) Guangshen Railway Co Ltd (NYSE: GSH) Gushan Environmental Energy Ltd. (NYSE: GU) Home Inns & Hotels Management, Inc. (NASDAQ: HMIN) HSW International, Inc. (NASDAQ: HSWI) HuaNeng Power International, Inc. (NYSE: HNP) Hurray! Holding Co., Ltd. (NASDAQ: HRAY) JA Solar Holdings (Nasdaq: JASO) KongZhong Corporation (NASDAQ: KONG) LDK Solar Co. Ltd. (NYSE: LDK) Linktone Ltd (NASDAQ: LTON) Longtop Financial Technologies Limited (NYSE: LFT) Medical International Limited (NYSE: MR) Nam Tai Electronics Inc (NYSE: NTE) Netease.com, Inc. (NASDAQ: NTES) New Oriental Education & Technology Group, Inc. (NYSE: EDU) Ninetowns Digital World Trade Holdings Ltd (NASDAQ: NINE) Noah Education Holdings, Ltd. (NYSE: NED) Origin Agritech Limited (NASDAQ: SEED) Perfect World Co., Ltd. (NASDAQ: PWRD) PetroChina Co. Ltd. (NYSE: PTR) Qiao Xing Mobile Com (NYSE: QXM) Qiao Xing Universal Telephone, Inc. (NASDAQ: XING) Semiconductor Manufacturing International Corp (NYSE: SMI) Shanda Interactive Entertainment Ltd (NASDAQ: SNDA) Shengdatech Inc (NASDAQ: SDTH) Simcere Pharmaceutical Group (NYSE: SCR) Sina Corporation (NASDAQ: SINA) Sinopec Shanghai Petrochemcial Co. Ltd. (NYSE: SHI) Sinovac Biotech, Ltd. (Amex: SVA) Sohu.com, Inc. (NASDAQ: SOHU) Solarfun Power Holdings Co., Ltd. (NASDAQ: SOLF) SORL Auto Parts, Inc (NASDAQ: SORL) Spreadtrum Communications Inc. (NASDAQ: SPRD) Suntech Power Holdings Co. Ltd. (NYSE: STP) Sutor Technology Group, Ltd. (NASDAQ: SUTR) The9 Limited (NASDAQ: NCTY) Tiens Biotech Group (Amex: TBV) Tongjitang Chinese Medicines (NYSE: TCM) Trina Solar Limited (NYSE: TSL) UTStarcom Inc (NASDAQ: UTSI) VisionChina Media Inc. (NASDAQ: VISN) Webzen Inc. (NASDAQ: WZEN) Wonder Automotive Technology, Inc. (NASDAQ: WATG) WSP Holdings Ltd. (NYSE: WH) Wuhan General Group (China), Inc. (NASDAQ: WUHN) WuXi Pharma Tech (Caymen) Inc. (NYSE: WX) Xinhua Finance Media Limited (NASDAQ: XFML) Xinyuan Real Estate Company Ltd. (NYSE: XIN) Yanzhou Coal Mining Co. Ltd. (NYSE: YZC) Yingli Green Energy Holdings Co. Ltd. (NYSE: YGE) Yucheng Technologies Limited (NASDAQ: YTEC) Zhongpin, Inc. (NASDAQ: HOGS)
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.
Source: Halter USX China Index
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