CME, Xinhua Unit Jointly Launch New Financial Centers Index
08 July 2010 - 3:29PM
Dow Jones News
Chicago Mercantile Exchange Group Index Services LLC, which owns
Dow Jones Indexes, and a unit of China's Xinhua News Agency on
Thursday jointly launched a new index that ranks world financial
centers.
The Xinhua-Dow Jones International Financial Centers Development
Index lists 45 financial centers with New York, London, and Tokyo
taking the top spots, while Shanghai ranks eighth and Beijing 13th.
The cities are ranked according to development indicators such as
capital market growth, innovation potential, business environment
support and urban infrastructure.
Dow Jones Indexes is a leading full-service index provider that
develops, maintains and licenses indexes for use as benchmarks and
as the basis of investment products. It is owned 90% by CME Group
Inc. (CME) and 10% by Dow Jones & Co., a News Corp. (NWS)
company and publisher of this newswire.
-By Esther Fung, Dow Jones Newswires; 86-21-6120-1200;
esther.fung@dowjones.com
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