Xinhua Finance Limited ("Xinhua Finance", TSE Mothers: 9399 and OTC: XHFNY), China's leading financial information and media service provider, announced today that its news service Xinhua Finance News is working with Singapore Exchange Limited (SGX) to profile the component stocks of the FTSE ST China Index.
Xinhua Finance News, the core news products of Xinhua Finance Limited with a focus on Greater China, will report regularly on the China companies listed on SGX that make up the index, as FTSE ST China Index Stock Alerts. SGX is making available these reports on its website from today.
Mr. Lai Kok Leong, Vice President and Head of Data Services at SGX said, "SGX is pleased to work with Xinhua Finance News on news coverage of the China market and the FTSE ST China index stocks. With its many in-country bureaus and in-depth understanding of China, this news service will improve the information flow from the local market to investors on SGX. Xinhua Finance News will maintain full editorial independence in its reports."
The FTSE ST China Index is a China-theme index that was created to reflect the increasingly significant representation of China stocks in the Singapore market. Comprising 50 top-ranking China stocks on SGX, it facilitates cross-border analysis and comparison. It was launched on 10 January 2008 together with the revamped Straits Times Index (STI) and new FTSE ST Index Series, to provide more in-depth coverage of the Singapore securities market.