FTSE Xinhua Fined for Contract Breach


A Shanghai court ruled last week that the FTSE Xinhua Index, a provider of Chinese equity indexes, had violated its contract with data vendor SSE Infonet by providing an index of Chinese A-shares to the Singapore Exchange. Infonet is a unit of the Shanghai Stock Exchange.

A contract signed last December between the two gave FTSE Xinhua the right to use Infonet's data to create indexes based on shares listed on the Shanghai Stock Exchange. However, FTSE Xinhua supplied its A50 Index to the Sin

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