On December 5, Baidu, as a constituent stock, was accepted into both the Nasdaq-100 Index and the Nasdaq-100 Equal Weighted Index, becoming China's first company that has entered such indexes. This reflects the recognition from the global capital market for the Chinese Internet industry, analysts noted.
Launched in January 1985, the Nasdaq-100 Index includes 100 of the largest non-financial securities listed on the Nasdaq Stock Market. Considered as a reflection of the overall performance of the Nasdaq Stock Market, it is given much importance by the international community. The Nasdaq-100 Index is adjusted once a year.
For more details, please read the full story in Chinese. (http://www.bbtnews.com.cn/news/channel/political34045.shtml)
(China.org.cn December 6,2007)
