For the second quarter 2010, the Halter USX China Index (NYSE Arca: HXC) was down 9.37%. During the same period the Dow Jones Industrial Average decreased by 9.97% while the NASDAQ finished down 12.04%.
HXC is also pleased to announce the inclusion of 10 new constituents to its existing index of China-focused, U.S. listed companies including: BioStar Pharmaceuticals, Inc. (NASDAQ: BSPM) discovers, develops, manufactures, and markets over-the-counter and prescription pharmaceutical products, and nutrient products for various diseases and conditions; Jiangbo Pharmaceuticals, Inc. (NASDAQ: JGBO) which engages in the research, development, manufacture, marketing, and sale of pharmaceutical products; Sino Clean Energy Inc. (NASDAQ: SCEI) that produces and distributes coal-water slurry fuel; Charm Communications Inc. (NASDAQ: CHRM) operates as a television advertising agency; China Education Alliance Inc. (NYSE: CEU) which provides online education and on-site training; China Recycling Energy Corp. (NASDAQ: CREG) that provides energy saving and recycling products and services; China Yida Holding, Co. (NASDAQ: CNYD) which operates as an entertainment enterprise that focuses on the media and tourism industries; SkyPeople Fruit Juice, Inc. (NASDAQ: SPU) produces and sells fruit juice concentrates, fruit beverages, and other fruit related products; Shengkai Innovations, Inc. (NASDAQ: VALV) which designs, manufactures, and sells ceramic valves; and Yongye International, Inc. (NASDAQ: YONG) that engages in the research and development, manufacturing, and distribution of fulvic acid based liquid and powder nutrient compounds for plant and animal feed.
It was also announced that China GrenTech Corporation Limited (NASDAQ: GRRF), China Mass Media Corp. (NYSE: CMM), Wuhan General Group, Inc. (NASDAQ: WUHN), Xinhua Sports & Entertainment Limited (NASDAQ: XSEL) and China GengSheng Minerals Inc (AMEX: CHGS) 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 173 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)
American Dairy, Inc (NYSE:ADY)
American Lorain Corporation (AMEX: ALN)
American Oriental Bioengineering, Inc. (NYSE: AOB)
AsiaInfo Holdings, Inc. (NASDAQ: ASIA)
ATA, Inc. (NASDAQ: ATAI)
AutoChina International, Ltd. (NASDAQ: AUTC)
Baidu.com, Inc. (NASDAQ: BIDU)
Biostar Pharmaceuticals, Inc. (NASDAQ: BSPM)
BMP Sunstone Corporation (NASDAQ: BJGP)
Canadian Solar, Inc. (NASDAQ: CSIQ)
CDC Corp (NASDAQ: CHINA)
Changyou.com Limited (NASDAQ: CYOU)
Charm Communications Inc. (NASDAQ: CHRM)
China Advanced Construction Materials Group, Inc. (NASDAQ: CADC)
China Agritech, Inc. (NASDAQ: CAGC)
China Architectural Engineering (NASDAQ: CAEI)
China Auto Logistics, Inc. (NASDAQ: CALI)
China Automotive Systems Inc (NASDAQ: CAAS)
China BAK Battery, Inc. (NASDAQ: CBAK)
China Biologic Products, Inc. (NASDAQ: CBPO)
China Cord Blood Corp (NYSE: CO)
China Digital TV Holdings Co., LTD. (NYSE: STV)
China Distance Education Holdings Limited (NYSE: DL)
China Eastern Airlines Corporation Ltd. (NYSE: CEA)
China Education Alliance Inc. (NYSE: CEU)
China Finance Online (NASDAQ: JRJC)
China Fire & Security Group (NASDAQ: CFSG)
China Green Agriculture, Inc. (NYSE Amex: CGA)
China Housing and Land Development, Inc. (NASDAQ: CHLN)
China Hydroelectric (NYSE: CHC)
China Information Security Technology, Inc (NASDAQ: CPBY)
China Infrastructure Investment (NASDAQ: CIIC)
China Integrated Energy, Inc (NASDAQ: CBEH)
China Life Insurance Co Ltd (NYSE: LFC)
China Marine Food Group Limited (AMEX: CMFO)
China MediaExpress Holdings, Inc. (AMEX: CCME)
China Medical Technologies, Inc. (NASDAQ: CMED)
China Mobile Hong Kong Ltd. (NYSE: CHL)
China Natural Gas, Inc. (NASDAQ: CHNG)
China Natural Resources, Inc. (NASDAQ: CHNR)
China Nepstar Chain Drugstore Ltd. (NYSE:NPD)
China North East Petroleum Holdings Limited (AMEX: NEP)
China Nutrifruit Group Limited (AMEX: CNGL)
China Petroleum and Chemical Corp (Sinopec) (NYSE: SNP)
China Pharma Holdings, Inc. (AMEX: CPHI)
China Precision Steel, Inc. (NASDAQ: CPSL)
China Real Estate Information Corporation (NASDAQ: CRIC)
China Recycling Energy Corp. (NASDAQ: CREG)
China Ritar Power Corp. (NASDAQ: CRTP)
China Security & Surveillance Technology, Inc. (NYSE: CSR)
China Sky One Medical, Inc. (NASDAQ: CSKI)
China Southern Airlines Company Ltd. (NYSE: ZNH)
China Sunergy Co. Ltd. (NASDAQ: CSUN)
China Techfaith Wireless Communication Technology Ltd. (NASDAQ: CNTF)
China Telecom Corporation Ltd (NYSE: CHA)
China TransInfo Technology Corp (NASDAQ: CTFO)
China Unicom Ltd (NYSE: CHU)
China Valves Technology, Inc. (NASDAQ: CVVT)
China Wind Systems Inc (NASDAQ: CWS)
China XD Plastics Company, Ltd. (NASDAQ: CXDC)
China Yida Holding, Co. (NASDAQ: CNYD)
China Yuchai International Ltd. (NYSE: CYD)
China-Biotics, Inc.(NASDAQ: CHBT)
ChinaCast Education Corp. (NASDAQ: CAST)
ChinaEdu Corp. (NASDAQ: CEDU)
ChinaNet Online Holdings Inc (AMEX: CNET)
Chindex International Inc (NASDAQ:CHDX)
Cninsure, Inc. (NASDAQ:CISG)
CNOOC Ltd. (NYSE: CEO)
Cogo Group, Inc. (NASDAQ: COGO)
Concord Medical Services Holding Ltd (NYSE: CCM)
Ctrip.com (NASDAQ: CTRP)
Deer Consumer Products, Inc. (NASDAQ: DEER)
Duoyuan Printing, Inc (NYSE: DYP)
E-House (China) Holdings Limited (NYSE: EJ)
eLong (NASDAQ: LONG)
Focus Media Holding Ltd. (NASDAQNM: FMCN)
Fuqi International, Inc. (NASDAQ: FUQI)
Fushi International, Inc (NASDAQ:FSIN)
General Steel Holdings, Inc. (NYSE: GSI)
Giant Interactive Group, Inc. (NYSE:GA)
Global Sources Ltd (NASDAQ:GSOL)
Guangshen Railway Co Ltd (NYSE: GSH)
Gulf Resources, Inc. (NASDAQ: GFRE)
Gushan Environmental Energy Ltd. (NYSE: GU)
Harbin Electric, Inc. (NASDAQ: HRBN)
HLS Systems International, Ltd. (NASDAQ: HOLI)
Home Inns & Hotels Management, Inc. (NASDAQ: HMIN)
Hong Kong Highpower Technology, Inc. (NASDAQ: HPJ)
HQ Sustainable Maritime Industries, Inc. (NYSE Amex: HQS)
HuaNeng Power International, Inc. (NYSE: HNP)
Hurray! Holding Co., Ltd. (NASDAQ: HRAY)
JA Solar Holdings (Nasdaq:JASO)
Jiangbo Pharmaceuticals, Inc. (NASDAQ: JGBO)
Jinpan International Limited (NASDAQ: JST)
Kandi Technologies, Corp. (NASDAQ: KNDI)
KongZhong Corporation (NASDAQ: KONG)
LDK Solar Co. Ltd. (NYSE: LDK)
Lihua International, Inc. (NASDAQ: LIWA)
Linktone Ltd. (NASDAQ: LTON)
Longtop Financial Technologies Limited (NYSE: LFT)
Mindray Medical International Ltd (NYSE:MR)
Nam Tai Electronics Inc (NYSE: NTE)
Netease.com, Inc. (NASDAQ: NTES)
New Oriental Education & Technology Group, Inc. (NYSE:EDU)
Ninetowns Internet Technology Group Company Limited (NASDAQ: NINE)
NIVS IntelliMedia Technology Group, Inc. (AMEX: NIV)
Noah Education Holdings, Ltd. (NYSE: NED)
Orient Paper Inc (AMEX: ONP)
Origin Agritech Limited (NASDAQ: SEED)
Perfect World Co., Ltd. (NASDAQ: PWRD)
PetroChina Co. Ltd. (NYSE: PTR)
Puda Coal, Inc. (AMEX: PUDA)
Qiao Xing Mobile Com (NYSE:QXM)
Qiao Xing Universal Telephone (NASDAQ: XING)
ReneSola, Ltd. (NYSE: SOL)
RINO International Corporation (NASDAQ: RINO)
Semiconductor Manufacturing International Corp (NYSE: SMI)
Shanda Games Limited (NASDAQ: GAME)
Shanda Interactive Entertainment Ltd (NASDAQ: SNDA)
Shengdatech Inc (NASDAQ:SDTH)
Shengkai Innovations, Inc. (NASDAQ: VALV)
Silvercorp Metals Inc. (NYSE Amex: SVM)
Simcere Pharmaceutical Group (NYSE: SCR)
Sina Corporation (NASDAQ: SINA)
Sino Clean Energy Inc. (NASDAQ: SCEI)
SinoHub Inc. (AMEX: SIHI)
Sinopec Shanghai Petrochemcial Co. Ltd. (NYSE: SHI)
Sinovac Biotech, Ltd. (NYSE Amex: SVA)
SkyPeople Fruit Juice, Inc. (NASDAQ: SPU)
Skystar Bio Pharmaceutical Company (NASDAQ: SKBI)
Sohu.com, Inc. (NASDAQ: SOHU)
Solarfun Power Holdings Co., Ltd. (NASDAQ:SOLF)
SORL Auto Parts, Inc.(NASDAQ: SORL)
Spreadtrum Communications, Inc.(NASDAQ: SPRD)
Suntech Power Holdings Co. Ltd. (NYSE: STP)
Sutor Technology Group, Ltd. (NASDAQ: SUTR)
Synutra International, Inc.(NASDAQ: SYUT)
Telestone Technologies Corporation (NASDAQ: TSTC)
The9 Limited (NASDAQ: NCTY)
Tianyin Pharmaceutical Company, Inc. (AMEX: TPI)
Tiens Biotech Group (NYSE Amex: TBV)
Tongjitang Chinese Medicines (NYSE:TCM)
Tongxin International Limited (NASDAQ: TXIC)
Trina Solar Limited (NYSE:TSL)
Universal Travel Group (AMEX: UTA)
UTStarcom Inc (NASDAQ: UTSI)
VanceInfo Technologies Inc. (NYSE: VIT)
Vimicro International Corp. (NASDAQ: VIMC)
VisionChina Media Inc. (NASDAQ:VISN)
Winner Medical Group, Inc. (AMEX: WWIN)
Wonder Automotive Technology, Inc. (NASDAQ:WATG)
WSP Holdings Ltd. (NYSE:WH)
WuXi Pharma Tech (Caymen) Inc. (NYSE: WX)
Xinyuan Real Estate Company Ltd. (NYSE:XIN)
Yanzhou Coal Mining Co. Ltd. (NYSE: YZC)
Yingli Green Energy Holdings Co. Ltd. (NYSE:YGE)
Yongye International, Inc. (NASDAQ: YONG)
Yucheng Technologies Limited (NASDAQ:YTEC)
Yuhe International, Inc. (NASDAQ: YUII)
Zhongpin, Inc. (NASDAQ: HOGS)
ZST Digital Networks, Inc. (NASDAQ: ZSTN)
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.
Contacts:
Chelsea Kindred, 972-233-0300
