Adds HQ Sustainable Maritime Industries, Inc. (AMEX: HQS), China
Grentech Corporation Limited (NasdaqGS: GRRF), Skystar
Bio-Pharmaceutical Company (NasdaqCM: SKBI), ShangPharma Corporation
(NYSE: SHP), SouFun Holdings Limited America
Jan. 3, 2011 (Business Wire) -- For the fourth quarter and for the year 2010, the Halter USX China Index (NYSE Arca: HXC) was up 1.84% and 10.73% respectively. During the same period (fourth quarter and year end), the Dow Jones Industrial Average increased by 7.32% and 11.02%, while the NASDAQ finished up 12.00% and up 16.91%.
HXC is also pleased to announce the inclusion of 26 new constituents to its existing index of China-focused, U.S. listed companies including: HQ Sustainable Maritime Industries, Inc. (AMEX: HQS) that operates as an integrated aquatic product producing, processing, and farming company; China Grentech Corporation Limited (NasdaqGS: GRRF), which is a provider of wireless coverage products and services; Skystar Bio-Pharmaceutical Company (NasdaqCM: SKBI) researches, develops, manufactures and distributes veterinary health care and medical care products; ShangPharma Corporation (NYSE: SHP) that operates as a pharmaceutical and biotechnology research and development outsourcing company; SouFun Holdings Limited America (NYSE: SFUN), which provides marketing, listing, technology, and information consultancy services to real estate and home furnishing industries; China Ming Yang Wind Power Group (NYSE: MY) engages in the manufacture and sale of wind turbines and the provision of related maintenance services; TAL Education Group (NYSE: XRS) that provides K-12 after-school tutoring services; Ambow Education Holding Ltd. (NYSE: AMBO), which provides educational and career enhancement services in high school entrance examination and college entrance examination markets; HiSoft Technology International Limited (NasdaqGM: HSFT) provides outsourced information technology (IT) and research and development services; AutoNavi Holdings Limited (NasdaqGS: AMAP), which provides digital map content and navigation and location-based solutions; Global Education & Technology Group Limited (NasdaqGS: GEDU) provides various educational programs and services with a focus on foreign language training and test preparation; Country Style Cooking Restaurant Chain Co., Limited (NYSE: CCSC) operates as a quick-service restaurant chain; Xueda Education Group (NYSE: XUE) that is a provider of tutoring services for primary and secondary school students; ChinaCache International Holdings Ltd. (NasdaqGM: CCIH) provides Internet content and application delivery services to businesses, government agencies, and other enterprises; Mecox Lane Limited (NasdaqGM: MCOX), which engages in the design and sale of apparel, accessories, home, and healthcare products through its online platform and stores; China Kanghui Holdings (NYSE: KH) that develops, manufactures, and markets orthopedic implants and associated instruments; DAQQ New Energy Corp. ADS (NYSE: DQ) that engages in the manufacture and sale of poly silicon for solar panel makers, photovoltaic module, and electrical equipment; Chemspec International Limited (NYSE: CPC) engages in the design, manufacture, and sale of chemical compounds; IFM Investments Limited (NYSE: CTC), which provides real estate services; SinoCoking Coal and Coke Chemical Industries, Inc. (NasdaqCM: SCOK) that produces and markets coal products, including coke, raw and washed coal, and chemical byproducts; China Shen Zhou Mining & Resources, Inc. (AMEX: SHZ) engages in exploring, developing, mining, processing, and distributing fluorite ore, zinc, copper, lead, and other nonferrous metals; China Ceramics Co., Ltd. (NasdaqCM: CCCL), which engages in the manufacture and sale of ceramic tiles used for exterior siding, interior flooring, and design in residential and commercial buildings; Tianli Agritech, Inc. (NasdaqGM: OINK) that engages in raising, breeding, and selling hogs for use in Chinese pork production and hog breeding markets; Andatee China Marine Fuel Services Corporation (NasdaqGM: AMCF), which engages in the production, storage, distribution, and trading of blended marine fuel oil for cargo and fishing vessels; Kingtone Wirelessinfo Solution Holding Ltd. (NasdaqCM: KONE) develops and provides mobile enterprise solutions; and Zoom Technologies, Inc. (NasdaqCM: ZOOM) that operates as a technology company that engages in electronic and telecommunication product design, development, and manufacturing.
It was also announced that China Infrastructure Investment (NASDAQ: CIIC), and Hong Kong Highpower Technology, Inc. (NASDAQ: HPJ) 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.