WUHAN, China China Automotive Systems Inc. (CAAS), a supplier of power steering components and systems in China, has been added to the NASDAQ Golden Dragon China Index (NASDAQ: HXC) effective Monday, Sept. 23.
This index is designed to provide insight and access to the unique economic and investment opportunities in China while providing the transparency offered by U.S. listed securities. The NASDAQ Golden Dragon China Index represents approximately 68 companies that are either headquartered or incorporated in China and trade on the NASDAQ Stock Market, the New York Stock Exchange or NYSEAmex. The index consists of securities broken down by different market segments.
Hanlin Chen, chairman of China Automotive Systems, commented, "The addition of our stock by the NASDAQ OMX Group Inc. into its Golden Dragon China Index recognizes our growing operations and increases awareness of CAAS among U.S. investors."