Bank of Communication Makes Fast Track Entry to Xinhua FTSE Indices

Bank of Communication Makes Fast Track Entry to Xinhua FTSE Indices

May 15, 2007

    BEIJING, May 15 /Xinhua-PRNewswire/ -- Xinhua FTSE
Index (XFI), the independent China index company, announced
today that Bank of Communication (601328) will be
incorporated into Xinhua FTSE's suite of A share indices,
following its IPO on Shanghai Stock Exchange. The inclusion
will take effect when China markets open on May 22, 2007.
Headquartered in Shanghai, Bank of Communication is the
fifth-largest lender in China.

    Applying the fast-track entry rules, the company will
become a constituent of the Xinhua/FTSE China A50 Index,
and 200, 400, 600, and All Share indices, as well as the
Xinhua FTSE Insurance Investment Index. For further details
regarding rebalancing, please refer to the technical notice
at
http://www.ftse.com/xinhua/Indices/International_Investors/Index_Changes.jsp
.

    The stock is added as a fast entry to the index (i.e.,
it does not need to wait until the regular quarterly
review) as XFI Ground Rules allow for sufficiently large
stocks to be added 5 trading days after listing. This rule
is in place to ensure that the index remains an up to date
and accurate reflection of the market it measures, and
allows investors to use the index as a tracking and
analysis tool with confidence and precision. 

    Xinhua FTSE index series is widely regarded as the
leading measure of the China market by domestic and
international investors and is used as the basis of a set
of Exchange Traded Funds (ETFs), and derivative products on
exchanges around the world. In the first quarter of 2007,
the total assets tracking and benchmarking the index series
exceeded USD 50 billion worldwide.  

    More information about the Xinhua FTSE Index Series is
available at http://www.xinhuaftse.com .

    Notes to Editors

    About Xinhua FTSE Index 

    Established in late 2000, FTSE Xinhua Index (FXI), a
joint venture between Xinhua Finance Limited and FTSE, came
into being to facilitate the creation of real-time indices
for the Chinese market. The indices can be used as a basis
for the trading of derivatives, index-tracking funds,
Exchange Traded Funds and as performance benchmarks. The
combination of FTSE's expertise in international indexing
with Xinhua Finance's strong presence and capabilities in
China creates a level of expertise in the Chinese market
that is unprecedented. Providing the combined coverage for
the Shanghai and Shenzhen exchanges, all of the FTSE/Xinhua
indices are designed according to internationally proven
index methodology to ensure products are transparent, clear
and consistent. For daily data and further information,
please visit http://www.ftsexinhua.com .

    About FTSE Group

    FTSE Group is a world-leader in the creation and
management of indexes. With offices in Beijing, London,
Frankfurt, Hong Kong, Madrid, Paris, New York, San
Francisco, Boston, Shanghai and Tokyo, FTSE Group services
clients in 77 countries worldwide.  It calculates and
manages the FTSE Global Equity Index Series, which includes
world-recognized indexes ranging from the FTSE All-World
Index, the FTSE4Good series and the FTSEurofirst Index
series, as well as domestic indexes such as the prestigious
FTSE 100. The company has collaborative arrangements with
the Athens, AMEX, Cyprus, Euronext, Johannesburg London,
Madrid, NASDAQ Thailand and Taiwan exchanges, as well as
Nomura Securities, Hang Seng and Xinhua Finance of China.
FTSE also has a collaborative agreement with Dow Jones
Indexes to develop a single sector classification system
for global investors.

    FTSE indexes are used extensively by investors
world-wide for investment analysis, performance
measurement, asset allocation, portfolio hedging and for
creating a wide range of index tracking funds. Independent
committees of senior fund managers, derivatives experts,
actuaries and other experienced practitioners review all
changes to the indexes to ensure that they are made
objectively and without bias.  Real-time FTSE indexes are
calculated on systems managed by Reuters. Prices and FX
rates used are supplied by Reuters.  

    About Xinhua Finance Limited 

    Xinhua Finance Limited is China's premier financial
information and media service company and is listed on the
Mothers Board of the Tokyo Stock Exchange (symbol: 9399)
(OTC ADRs: XHFNY). Bridging China's financial markets and
the world, Xinhua Finance serves financial institutions,
corporations and re-distributors through five focused and
complementary service lines: Indices, Ratings, Financial
News, Investor Relations, and Distribution.  Founded in
November 1999, the Company is headquartered in Shanghai,
with offices and news bureaus spanning 14 countries
worldwide.   


    For more information, please contact: 

    Beijing
     Jean LI
     Xinhua FTSE Beijing Office 
     Tel:   [phone]
     Email: [e-mail]

    Shanghai/Hong Kong
     Joy Tsang
     Xinhua Finance 
     Tel:   [phone]
     Email: [e-mail]

    Hong Kong
     Meredith Blakemore
     FTSE HK
     Tel:   [phone]
     Email: [e-mail]