BNY Mellon Launches the China ADR Index

BNY Mellon BK has announced the launch of the BNY Mellon China "Xia Yi Dai" ADR Index. This index is comprised of a select group of Chinese companies that chose their primary listing to be in the form of Depositary Receipts (DRs) traded on a U.S. exchange. The BNY Mellon China Xia Yi Dai ADR Index is accessible on Bloomberg and Reuters at (BKXYD). Currently, there are 30 constituent companies in the new index with market capitalizations ranging from just under $300 million to more than $11 billion. The average market cap is $1.7 billion.