Adds CHINA GENGSHENG MINERALS, INC. (AMEX: CHGS), YOUKU.COM INC.
(NYSE: YOKU), E-COMMERCE CHINA DANGDANG INC. (NYSE: DANG), ISOFTSTONE
HOLDINGS LIMITED (NYSE: ISS), NOAH HOLDINGS LTD (NYSE: NOAH), SINOTECH
ENERGY LIMITED (NASDAQGS: CT
Mar. 31, 2011 (Business Wire) -- For the first quarter 2011, the Halter USX China Index (NYSE Arca: HXC) was up 4.83%. During the same period the Dow Jones Industrial Average increased by 6.41% while the NASDAQ finished up 4.83%.
HXC is also pleased to announce the inclusion of 22 new constituents to its existing index of China-focused, U.S. listed companies including: China GengSheng Minerals, Inc. (AMEX: CHGS) which develops, manufactures, and sells a range of mineral-based heat-resistant products, including monolithic refractories, industrial ceramics, fracture proppants, and fine precision abrasives; Youku.com Inc. (NYSE: YOKU) that operates as a Chinese Internet video Website; E-Commerce China Dangdang Inc. (NYSE: DANG) which is a leading business-to-consumer, or B2C, e-commerce company; iSoftStone Holdings Limited (NYSE: ISS) provides various information technology (IT) services and solutions; Noah Holdings Ltd. (NYSE: NOAH) engages in the distribution of wealth management product; SinoTech Energy Limited (NasdaqGS: CTE) which provides enhanced oil recovery (EOR) services to oil companies; RDA Microelectronics, Inc. (NasdaqGM: RDA) that designs, develops, and markets radio-frequency and mixed-signal semiconductors for cellular, broadcast, and connectivity applications; Bitauto Holdings Limited (NYSE: BITA) which provides Internet content and marketing services for the automotive industry; Bona Film Group Limited (NasdaqGM: BONA) that distributes films to movie theaters, as well as to non-theatrical distribution channels, including DVD and Blu-ray and other home video products; Keyuan Petrochemicals, Inc. (NasdaqGS: KEYP) manufactures and distributes petrochemical products; SYSWIN Inc. (NYSE: SYSW) which is a primary real estate service provider in China; Sky-mobi Limited (NasdaqGM: MOBI) develops mobile phone software platforms; China Metro-Rural Holdings Limited (AMEX: CNR) that engages in the development and operation of agricultural logistics and trade centers; China Xiniya Fashion Limited (NYSE: XNY) which engages in the design and manufacture of men's business casual and business formal apparel and accessories; Trunkbow International Holdings, Ltd. (NasdaqGM: TBOW) provides technology platform solutions that enable telecom service providers to deploy mobile value-added service applications for their subscribers in China; BCD Semiconductor Manufacturing (NasdaqGS: BCDS) engages in the design, manufacture, and sale of power management analog integrated circuits (ICs) and other semiconductor devices; Lentuo International Inc. (NYSE: LAS) which operates as an automobile retailer; China Shengda Packaging Group, Inc. (NasdaqGM: CPGI) engages in the design, manufacture, and sale of paper cartons and packaging solutions to consumer and industrial goods manufacturing companies; Synthesis Energy Systems, Inc. (NasdaqGM: SYMX) which focuses on developing and commercializing gasification technology; Ossen Innovation Co., Ltd. (NasdaqGM: OSN) that engages in the design, engineering, manufacture, and sale of plain surface and rare earth galvanized prestressed steel materials; China Botanic Pharmaceutical Inc. (AMEX: CBP) which engages in the development, manufacturing, and distribution of pharmaceutical products; and Fuwei Films (Holdings) Co., Ltd. (NasdaqGM: FFHL) engages in the development, manufacture, and distribution of plastic film using the biaxial oriented stretch technique, known as BOPET film.
It was also announced that Ninetowns Internet Technology Group Company Limited (NASDAQ: NINE), Andatee China Marine Fuel Services Corporation (NasdaqGM: AMCF), Tianli Agritech, Inc. (NasdaqGM: OINK), China Ritar Power Corp. (NASDAQ: CRTP), Subaye, Inc. (NASDAQ: SBAY), and Kingtone Wirelessinfo Solution Holding Ltd. (NasdaqCM: KONE) 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 229 public companies currently comprise the Halter USX China Index:
3SBio, Inc. (NASDAQ:SSRX)
51 Job, Inc. (NASDAQ: JOBS)
7 Days Group Holdings Ltd (NYSE: SVN)
A-Power Energy Generation Systems (NASDAQ: APWR)
Acorn International, Inc. (NYSE:ATV)
Actions Semiconductor Co (NASDAQ: ACTS)
Advanced Battery Technologies, Inc. (NASDAQ: ABAT)
AgFeed Industries, Inc. (NASDAQ: FEED)
Agria Corp. (NYSE: GRO)
AirMedia Group, Inc (NASDAQ: AMCN)
Aluminum Corp. of China Ltd. (NYSE: ACH)
Ambow Education Holding Ltd.