Halter USX China Index Announces Third Quarter 2011 Results and Adds New Constituents
For the third quarter 2011, the Halter USX China Index (NYSE Arca: HXC) was down 26.61%. During the same period the Dow Jones Industrial Average decreased by 12.09% while the NASDAQ finished down 12.91%.
HXC is also pleased to announce the inclusion of 4 new constituents to its existing index of China-focused, U.S. listed companies including: Phoenix New Media Limited (NYSE: FENG) provides content on an integrated platform across Internet, mobile, and TV channels; Jiayuan.com International Ltd. (NASDAQ: DATE) operates an online dating platform; Taomee Holdings Ltd. (NYSE: TAOM) is a children’s entertainment and media company; and China Zenix Auto International Ltd. (NYSE: ZX) engages in the research, development, production, and sale of commercial vehicle wheels.
It was also announced that China Grentech Corporation Limited (NasdaqGS: GRRF), China Housing and Land Development, Inc. (NASDAQ: CHLN), Sutor Technology Group, Ltd. (NASDAQ: SUTR), Gushan Environmental Energy Ltd. (NYSE: GU), CDC Corp (NASDAQ: CHINA), QKL Stores Inc (NASDAQ: QKLS), Ossen Innovation Co., Ltd. (NasdaqGM: OSN), China Precision Steel, Inc. (NASDAQ: CPSL), China Shengda Packaging Group, Inc. (NasdaqGM: CPGI), Tianyin Pharmaceutical Company, Inc. (AMEX: TPI), Tri-Tech Holding, Inc. (NASDAQ: TRIT), Aoxing Pharmaceutical Company Inc (AMEX: AXN), SmartHeat Inc. (NASDAQ: HEAT), China GengSheng Minerals, Inc. (AMEX: CHGS), Sino Clean Energy Inc. (NASDAQ: SCEI), SinoTech Energy Limited (NasdaqGS: CTE), Universal Travel Group (AMEX: UTA), Duoyuan Global Water Inc. (NYSE: DGW), Keyuan Petrochemicals, Inc. (NasdaqGS: KEYP), and Shengkai Innovations, Inc. (NASDAQ: VALV) were removed from the Index.
About the Halter USX China Index
The Index, created by the Halter Financial Group and calculated and distributed by the NYSE Arca, 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, NYSE Amex or NASDAQ and be approved by USX Selection Committee. Investors can gain exposure to the Index by investing in an exchange-traded fund (ETF), the PowerShares Golden Dragon Halter USX China Portfolio (NYSE Arca: PGJ). For more information please visit www.usxchinaindex.com. The following 178 public companies currently comprise the Halter USX China Index:
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.
Chelsea Kindred, 972-233-0300
51job, Inc. ACORN INTERNATIONAL, Inc. AGRIA CORPORATION AIRMEDIA SP ADR ALUM CORP OF CHINA LIMITED AMBOW EDUCATION AMERICAN LORAIN CORPORATION COMMON STOCK AOXING PHARMACEUTICAL COMPANY, Inc. ATA SP ADR Actions Semiconductor Co., Ltd. BITAUTO HOLDINGS LIMITED Baidu.com SP ADR CAMELOT INFORMATION SYSTEMS, Inc. CANADIAN SOLAR CHARM UNSP ADR-A CHINA BIOLOGIC PROD CHINA CORD BLOOD CORP CHINA DIGITAL TV HOLDING CO. CHINA DISTANCE EDUCATION HOLDINGS LIMITED CHINA EASTERN AIRLINES CHINA GENGSHENG MINERALS, INC. COMMON STOCK CHINA GERUI CHINA HSG & LND DEV CHINA HYDROELECTRIC CORP. CHINA LIFE INSURANCE COMPANY LTD. CHINA LODGE SP ADR CHINA METRO-RURAL HOLDINGS LIMITED CHINA MING YANG WIND POWER GROUP LIMITED CHINA MOBILE LIMITED CHINA NEPSTAR CHAIN DRUGSTORE LTD CHINA NEW BORUN CORPORATION CHINA PETROLEUM & CHEMICAL CORPORATION ADS CHINA PHARMA HOLDINGS, Inc. CHINA RECYCL CHINA SOUTHERN AIRLINES COMPANY LIMITED CHINA TELECOM CORPORATION, LTD CHINA UNICOM CHINA XD PLSTCS CHINA XINIYA FASHION LIMITED CHINA YUCHAI INT'L LTD. CHINA ZENIX AUTO INTERNATIONAL LIMITED CHINAEDU SP ADR CNGYOU.COM SPADR-A CNINSURE SP ADR CNOOC LIMITED CONCORD MEDICAL SERVICES HOLDING LIMITED COUNTRY STYLE COOKING RESTAURANT CHAIN CO., LTD China Automotive Systems, Inc. China Finance Online Co., Ltd. China Natural Resources, Inc. China TechFaith Wireless Communication Technology Ltd Chindex International, Inc. Ctrip.com International, Ltd. E-COMMERCE CHINA DANGDANG, Inc. E-HOUSE GENERAL STEEL HOLDINGS, Inc. GUANGSHEN RAILWAY CO. LTD GULF RES Giant Interactive Group, Inc. Global Sources Ltd HANWHA SP ADR HOLLYSYS AUTOM HOME INNS SP ADR HUANENG POWER INTL, Inc. ISOFTSTONE HOLDINGS LTD. JIAYUAN SPON ADR JINKOSOLAR HOLDINGS CO Jinpan International LTD KANDI TECHNOLOG KINGOLD JEWELRY KU6 MEDIA SP ADR KongZhong Corporation L&L Energy, Inc. LDK SOLAR CO., LTD LENTUO INTERNATIONAL, Inc. LIHUA INTL MINDRAY MEDICAL INTERNATIONAL LIMITED AMERICAN DEPOSITARY SHARES NAM TAI ELECTRONICS, Inc. NEW ORIENTAL EDUCATION AND TECHNOLOGY GROUP, Inc. NOAH EDUCATION HOLDINGS LTD NOAH HOLDINGS LIMITED NQ MOBILE, Inc. Netease.com ORIENT PAPER, Inc. Origin Agritech Limited PERFECT SP ADR-B PHOENIX NEW MEDIA LIMITED PetroChina QIHOO 360 TECHNOLOGY CO. LTD. RENESOLA LTD RENREN, Inc. SEMICONDUCTOR MANUFACTURING INTERNATIONAL CORPORATION SHANDA SP ADR-A SINOPEC SHANGHAI PETROCHEMICAL CO., LTD. SKYPEOPLE FRUIT SORL Auto Parts, Inc. SOUFUN HOLDINGS LIMITED SUTOR TECH GRP Sina Corp Sohu.com, Inc. Synutra International, Inc. TAL EDUCATION GROUP TAOMEE HOLDINGS LIMITED TIANYIN PHARMACEUTICALS CO, Inc. TRI-TECH HLDG TRINA SOLAR LIMITED The9 Limited Vimicro International Corporation WUXI PHARMATECH XINYUAN REAL ESTATE CO. LTD XUEDA EDUCATION GROUP YANZHOU COAL MINING COMPANY LIMITED YINGLI GREEN ENERGY HOLDING COMPANY LIMITED YONGYE INTL YOUKU TUDOU, Inc. eLong, Inc.
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