UBS Warburg has introduced the first index to cover China's private sector, the China Private Enterprise Index, also known as the ôP-Share Indexö. It reflects the performance of Chinese companies with controlling stakes held by individuals or families. Tracking the index's constituents reveals it has jumped 51.07% in local currency terms and 50.89% in dollar terms from January to August 1, 2001.
In contrast, the red chip index Chinese companies incorporated in Hong Kong has risen 1.49%, while the H-share China-incorporated, Hong Kong-listed companies index gained 22.88% for the same period.
ôWe introduced the P-Share Index because we think they can outperform the ex-SOEs state-owned enterprises listed in Hong Kong as red chips or H...
