Halter USX China Index Announces First Quarter 2008 Results and Adds New Constituents
Adds Sutor Technology Group, Ltd. (NASDAQ: SUTR), Gushan Environmental Energy Ltd. (NYSE: GU), Xinyuan Real Estate Company Ltd. (NYSE:XIN), ChinaEdu Corp. (NASDAQ: CEDU), VisionChina Media Inc. (NASDAQ:VISN), Agria Corp. (NYSE: GRO), China Nepstar Chain Drugstore Ltd. (NYSE:NPD), WSP Holdings Ltd. (NYSE:WH)

For the first quarter of 2008, the Halter USX China Index (Amex: HXC) was down 26.58%. During the same period, the Dow Jones Industrial Average decreased 7.55% and the NASDAQ decreased 14.07%.

HXC is also pleased to announce the inclusion of eight new constituents to its existing index of China-focused, U.S. listed companies including: Sutor Technology Group, Ltd. (NASDAQ: SUTR) which engages in the manufacture and sale of steel finishing fabrication products; Gushan Environmental Energy Ltd. (NYSE: GU) which engages in the production and distribution of bio-diesel and related products; Xinyuan Real Estate Company Ltd. (NYSE:XIN) which develops residential properties; ChinaEdu Corp. (NASDAQ: CEDU) which provides educational services; VisionChina Media Inc. (NASDAQ:VISN) which operates out-of-home advertising network using real-time mobile digital television broadcasts to deliver content and advertising on mass transportation systems; Agria Corp. (NYSE: GRO) which engages in the in research and development, production, and sale of upstream agricultural products; China Nepstar Chain Drugstore Ltd. (NYSE:NPD) which operates retail drugstores; and WSP Holdings Ltd. (NYSE:WH) which manufactures seamless casing, tubing, and drill pipes for use in oil and natural gas exploration, drilling, and extraction.

It was also announced that Man Sang Holdings, Inc. (AMEX:MHJ) and New Dragon Asian Corp. (AMEX:NWD) 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 Amex, 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, Amex or NASDAQ and be approved by USX Selection Committee. Investors can gain exposure to the Index by either investing in an exchange traded fund (ETF), the PowerShares Golden Dragon Halter USX China Portfolio (AMEX:PGJ) or by purchasing an actively managed mutual fund, the Halter Pope USX China Fund (Symbol: HPCHX). For more information please visit www.usxchinaindex.com. The following 95 public companies currently comprise the Halter USX China Index:


51 Job, Inc. (NASDAQ: JOBS)

Acorn International, Inc. (NYSE:ATV)

Actions Semiconductor Co (NASDAQ: ACTS)

Agria Corp. (NYSE: GRO)

Aluminum Corp. of China Ltd. (NYSE: ACH)

American Dairy, Inc (NYSE:ADY)

ASAT Holdings Ltd. (NASDAQ: ASTT)

AsiaInfo Holdings, Inc. (NASDAQ: ASIA)

Baidu.com, Inc. (NASDAQ: BIDU)

Canadian Solar, Inc. (NASDAQ: CSIQ)

China Automotive Systems Inc (NASDAQ: CAAS)

China BAK Battery, Inc. (NASDAQ: CBAK)

China Digital TV Holdings Co., LTD. (NYSE: STV)

China Eastern Airlines Corporation Ltd. (NYSE: CEA)

China Finance Online (NASDAQ: JRJC)

China Medical Technologies, Inc. (NASDAQ: CMED)

China Mobile Hong Kong Ltd. (NYSE: CHL)

China National Offshore Oil Corp. (NYSE: CEO)

China Nepstar Chain Drugstore Ltd. (NYSE:NPD)

China Netcom Group Corporation (NYSE:CN)

China Petroleum and Chemical Corp (Sinopec) (NYSE: SNP)

China Security & Surveillance Technology, Inc. (NYSE: CSR)

China Shenghuo Pharmaceutical Holdings, Inc. (AMEX: KUN)

China Southern Airlines Company Ltd. (NYSE: ZNH)

China Sunergy Co. Ltd. (NASDAQ: CSUN)

China Techfaith Wireless Communication Technology Limited (NASDAQ: CNTF)

China Telecom Corporation Ltd (NYSE: CHA)

China Unicom Ltd (NYSE: CHU)

China Yuchai International Ltd. (NYSE: CYD)

Chinadotcom Corporation (NASDAQ: CHINA)

ChinaEdu Corp. (NASDAQ: CEDU)

China Life Insurance Co Ltd (NYSE: LFC)

Chindex International Inc. (NASDAQ:CHDX)

Comtech Group, Inc. (NASDAQ: COGO)

Ctrip.com (NASDAQ: CTRP)

Deswell Industries Inc (NASDAQ: DSWL)

E-House (China) Holdings Limited (NYSE: EJ)


Focus Media Holding Ltd. (NASDAQNM: FMCN)

Fuqi International, Inc. (NASDAQ: FUQI)

Fushi International, Inc (NASDAQ:FSIN)

Fuwei Films (Holdings) Co., Ltd. (NASDAQ: FFHL)

Giant Interactive Group, Inc. (NYSE:GA)

Global Sources Ltd (NASDAQ:GSOL)

Guangshen Railway Co Ltd (NYSE: GSH)

Gushan Environmental Energy Ltd. (NYSE: GU)

Home Inns & Hotels Management, Inc. (NASDAQ: HMIN)

HuaNeng Power International, Inc. (NYSE: HNP)

Hurray! Holding Co., Ltd. (NASDAQ: HRAY)

JA Solar Holdings (Nasdaq:JASO)

KongZhong Corporation (NASDAQ: KONG)

LDK Solar Co. Ltd. (NYSE: LDK)

Linktone Ltd (NASDAQ: LTON)

Longtop Financial Technologies Limited (NYSE: LFT)

Medical International Limited (NYSE:MR)

Nam Tai Electronics Inc (NYSE: NTE)

Netease.com, Inc. (NASDAQ: NTES)

New Oriental Education & Technology Group, Inc. (NYSE:EDU)

Ninetowns Digital World Trade Holdings Ltd (NASDAQ: NINE)

Noah Education Holdings, Ltd. (NYSE: NED)

Origin Agritech Limited (NASDAQ: SEED)

Pacificnet Inc. (NASDAQ: PACT)

Perfect World Co., Ltd. (NASDAQ: PWRD)

PetroChina Co. Ltd. (NYSE: PTR)

Qiao Xing Mobile Com (NYSE:QXM)

Qiao Xing Universal Telephone, Inc. (NASDAQ: XING)

Shanda Interactive Entertainment Ltd (NASDAQ: SNDA)

Sina Corporation (NASDAQ: SINA)

Sinopec Shanghai Petrochemcial Co. Ltd. (NYSE: SHI)

Semiconductor Manufacturing International Corp (NYSE: SMI)

Shengdatech Inc (NASDAQ:SDTH)

Simcere Pharmaceutical Group (NYSE: SCR)

Sinovac Biotech, Ltd. (Amex: SVA)

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)

Telestone Technologies Corp. (NASDAQ: TSTC)

The9 Limited (NASDAQ: NCTY)

Tiens Biotech Group (Amex: TBV)

Tongjitang Chinese Medicines (NYSE:TCM)

Trina Solar Limited (NYSE:TSL)

UTStarcom Inc (NASDAQ: UTSI)

VisionChina Media Inc. (NASDAQ:VISN)

Wonder Automotive Technology, Inc. (NASDAQ:WATG)

WSP Holdings Ltd. (NYSE:WH)

WuXi Pharma Tech (Caymen) Inc. (NYSE: WX)

Xinhua Finance Media Limited (NASDAQ:XFML)

Xinyuan Real Estate Company Ltd. (NYSE:XIN)

Yanzhou Coal Mining Co. Ltd. (NYSE: YZC)

Yingli Green Energy Holdings Co. Ltd. (NYSE:YGE)

Yucheng Technologies Limited (NASDAQ:YTEC)

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.


Halter USX China Index
Chelsea Augustine, 972-233-0300
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