49 China Stocks to be Dropped from Russell Indexes
posted by The Traveller on Monday, June 13, 2011

Russell Investments has announced a preliminary list of additions and deletions for the annual rebalancing of its family of indexes. As expected, the weight of U.S.-listed China stocks on these indexes will be much lower in 2011 than in previous years. As the main criterion for inclusion is total market capitalization, the steep sell-off in the sector has taken its toll.

The most important of the Russell indexes, the Russell 2000, has lost almost all its China stocks by now. This year we have three deletions and zero additions. For the Russell Microcap Index we have two additions - NEP was not eligible last year, because at the time of index reconstitution the stock was halted by the exchange - and four deletions. And the Russell Global, the only one of the three that allows non-U.S. headquartered companies to be included, dropped 46 U.S.-listed China stocks, while only eight - most of them recent IPOs - have been added.

The final reconstitution of these indexes will take place on Friday, June 24, after the market close. Until that day, Russell can make changes to this preliminary list.

Russell 2000 Additions (U.S. Companies)

None

Russell Microcap Additions (U.S. Companies)

NEP - China North East Petroleum
NEWN - New Energy Systems Group

Russell Global Additions

CNTF - China Techfaith Wireless Communication
ZX - China Zenix Auto International
DQ - Daqo New Energy
LONG - eLong
FTLK - Funtalk China Holdings
QIHU - Qihoo 360 Technology
RENN - Renren
CTE - Sinotech Energy

Russell 2000 Deletions (U.S. Companies)

ABAT - Advanced Battery Technologies
AXN - Aoxing Pharmaceutical
CHINA - CDC Corporation

Russell Microcap Deletions (U.S. Companies)

CADC - China Advanced Construction Materials
CNAM - China Armco Metals
HQS - HQ Sustainable Maritime
UTSI - UT Starcom

Russell Global Deletions

APWR - A-Power Energy Generation Systems
ABAT - Advanced Battery Technologies
AMCN - Airmedia Group
AMBO - Ambow Education Holding
AOB - American Oriental Bioengineering
AXN - Aoxing Pharmaceutical
CHINA - CDC Corporation
CPC - Chemspec International
CHBT - China-Biotics
CAAS - China Automotive Systems
CO - China Cord Blood
CFSG - China Fire & Security Group
CHOP - China Gerui Advanced Materials Group
CGA - China Green Agriculture
CHC - China Hydroelectric
CNIT - China Information Technology
CBEH - China Integrated Energy
BORN - China New Borun
CSKI - China Sky One Medical
CVVT - China Valves Technology
CXDC - China XD Plastics
XNY - China Xiniya Fashion
COGO - Cogo Group
DEER - Deer Consumer Products
DGW - Duoyuan Global Water
EDS - Exceed
ADY - Feihe International
FSIN - Fushi Copperweld
GEDU - Global Education & Technology
GFRE - Gulf Resources
CTC - Century 21 China Real Estate
JST - Jinpan International
KONG - Kongzhong
LIWA - Lihua International
MCOX - Mecox Lane
SEED - Origin Agritech
SHP - Shangpharma
SDTH - Shengdatech
SCOK - Sinocoking Coal & Coke
SVA - Sinovac Biotech
HEAT - Smartheat
SORL - Sorl Auto Parts
UTSI - UT Starcom
WATG - Wonder Auto Technology
WH - WSP Holdings
XIN - Xinyuan Real Estate

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3 Comments:

At August 13, 2011 3:58 am , Anonymous Anonymous said...

What the hell are the Chinese doing? Are they trying to stay
a Communist closed society? Are they just making trinkets and junk
to pull in the worlds money. Obviously the goverment knows whats going on.
Obviously the old Communist Curmudgeones are still in charge.
I read a blog by a Chinese auditor, he said, no matter what America thinks
these companies cant tie thier shoes without the local Commie giving it
the thumbs up or down. So there must be a master plan! Im not a conspiracy
theorist, but I believe they have a plan. Maybe its as simple as
the "local Commie" sees a bunch of cash and he wants it for him and his cronnies. These guys arent too smart, as buiness men, as criminals theyre just O.K. They love these grand companies and projects,but in the long run
they suck! They are just one 100 year flood from the Three Rivers Dam floating down the Yangze

 
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