The Xinhua FTSE Index, the one-year-old joint venture between China's official news agency and Britain's Financial Times Stock Exchange (FTSE) service, has launched two new indices to chronicle yuan-denominated companies in China.
Xinhua FTSE Index aims to capture China's markets as Chinese stocks gain foreign interest, company director Graham Colbourne (above) said.
One of the new indices, complementing five others launched in July, tracks 350 small-capital companies listed on the Shanghai and Shenzhen A-share markets, while the other, the All Share 950, lists all but the 150 smallest and least liquid public companies in China.
Xinhua FTSE Index makes money by selling the data and distributing the lists through business news wires such as Reuters.