China Finance Online Launches Live Coverage on Stock Index Futures in China
Poster: SySAdmin
Posted on April 8, 2010 at 7:14:01 AM
China Finance Online Launches Live Coverage on Stock Index Futures in China
BEIJING, April 8 -- China Finance Online Co., Ltd. ("China Finance Online"," the Company") (NASDAQ:JRJC), the technology-driven, user-focused market leader in China in providing vertically integrated financial services and products including news, data, analytics and brokerage through web portals, software systems, and mobile handsets, today announced its wholly own subsidiary, Fortune Software, has entered into definitive agreement with China Financial Futures Exchange ("CFFEX") to provide real-time coverage on China's newly introduced Stock Index Futures.
Pursuant to the agreement, China Financial Futures Exchange will authorize Fortune Software to provide all the data including market information, trading data and other information or data related to Stock Index Futures products to end users in mainland China.
In February 2010, the State Council of China approved the introduction of stock index futures. The stock index futures is rolled out to enhance the foundation of China's capital market, increase the trading mechanism of securities, complete the market function, stabilize the market operation, and promote the healthy development of the capital market. Stock index futures is a developed product in many well-established stock markets around the world. Established by the State Council in September 2006, China Financial Futures Exchange has been in charge of product design, rules establishment and all aspects of technical preparations as well as investor education.
Mr. Zhiwei Zhao, Chief Executive Officer of China Finance Online, stated, "We are very excited about the opportunity to work CFFEX to provide the live coverage on Stock Index Futures in China. With Chinese stock exchanges' advancement toward a more sophisticated member of global capital markets, we see the stock index futures can propel more liquidity into Shanghai Stock Exchange and Shenzhen Stock Exchange, two of world's most liquid stock exchanges. We also applaud government's prudent development on the stock market and careful selection of qualified financial information provider to be the creditable interface with over 170 million investment trading accounts in China. This important strategic partnership represented another key milestone as China Finance Online strives to become the 'one-stop' source of all financial and investment information, data and analytics for our current 14 million registered user base."
About China Finance Online
China Finance Online Co. Limited is the technology-driven, user-focused market leader in China in providing vertically integrated financial services and products including news, data, analytics and brokerage through web portals, software systems, and mobile handsets. Through its web portals, http://www.jrj.com and http://www.stockstar.com, the Company provides individual users with subscription-based service packages that integrate financial and listed company data, information and analytics from multiple sources with features and functions such as data and information search, retrieval, delivery, storage and analysis. These features and functions are delivered through proprietary software available by download, through internet or through mobile handsets. Through its subsidiary, Genius, the Company provides financial information database and analytics to institutional customers including domestic securities and investment firms. Through its subsidiary, Daily Growth, the Company provides securities brokerage services for stocks listed on Hong Kong Stock Exchange.
About China Financial Futures Exchange
With the approval of the State Council and the authorization of China Securities Regulatory Commission (CSRC), China Financial Futures Exchange (CFFEX) was founded jointly by Shanghai Futures Exchange, Zhengzhou Commodity Exchange, Dalian Commodity Exchange, Shanghai Stock Exchange and Shenzhen Stock Exchange on September 8, 2006 in Shanghai. For more information, please log on http://www.cffex.com.cn/
Safe Harbor Statement
This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the quotations from management in this press release and the Company's strategic operational plans and business outlook, contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. The Company believes that the Chinese economy continues to expand; however, the expansion may be uneven with certain sectors being affected more than others with resulting volatility in the Chinese equity market which could influence the Company's operating results in the coming quarters. Further information regarding these and other risks is included in the Company's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.
For more information, please contact:
In China:
Lily Zhang
Investor Relations
China Finance Online Co., Ltd.
Email: ir@jrj.com
In the United States:
Kevin Theiss
Grayling
Tel: +1-646-284-9409
Email: kevin.theiss@grayling.com
Source: China Finance Online Co., Ltd.
CONTACT: In China: Lily Zhang, Investor Relations, China Finance Online
Co., Ltd. at ir@jrj.com; In the United States: Kevin Theiss, Grayling at +1-
646-284-9409 or kevin.theiss@grayling.com
Web site: http://www.jrj.com.cn/
http://www.cffex.com.cn/
BEIJING, April 8 -- China Finance Online Co., Ltd. ("China Finance Online"," the Company") (NASDAQ:JRJC), the technology-driven, user-focused market leader in China in providing vertically integrated financial services and products including news, data, analytics and brokerage through web portals, software systems, and mobile handsets, today announced its wholly own subsidiary, Fortune Software, has entered into definitive agreement with China Financial Futures Exchange ("CFFEX") to provide real-time coverage on China's newly introduced Stock Index Futures.
Pursuant to the agreement, China Financial Futures Exchange will authorize Fortune Software to provide all the data including market information, trading data and other information or data related to Stock Index Futures products to end users in mainland China.
In February 2010, the State Council of China approved the introduction of stock index futures. The stock index futures is rolled out to enhance the foundation of China's capital market, increase the trading mechanism of securities, complete the market function, stabilize the market operation, and promote the healthy development of the capital market. Stock index futures is a developed product in many well-established stock markets around the world. Established by the State Council in September 2006, China Financial Futures Exchange has been in charge of product design, rules establishment and all aspects of technical preparations as well as investor education.
Mr. Zhiwei Zhao, Chief Executive Officer of China Finance Online, stated, "We are very excited about the opportunity to work CFFEX to provide the live coverage on Stock Index Futures in China. With Chinese stock exchanges' advancement toward a more sophisticated member of global capital markets, we see the stock index futures can propel more liquidity into Shanghai Stock Exchange and Shenzhen Stock Exchange, two of world's most liquid stock exchanges. We also applaud government's prudent development on the stock market and careful selection of qualified financial information provider to be the creditable interface with over 170 million investment trading accounts in China. This important strategic partnership represented another key milestone as China Finance Online strives to become the 'one-stop' source of all financial and investment information, data and analytics for our current 14 million registered user base."
About China Finance Online
China Finance Online Co. Limited is the technology-driven, user-focused market leader in China in providing vertically integrated financial services and products including news, data, analytics and brokerage through web portals, software systems, and mobile handsets. Through its web portals, http://www.jrj.com and http://www.stockstar.com, the Company provides individual users with subscription-based service packages that integrate financial and listed company data, information and analytics from multiple sources with features and functions such as data and information search, retrieval, delivery, storage and analysis. These features and functions are delivered through proprietary software available by download, through internet or through mobile handsets. Through its subsidiary, Genius, the Company provides financial information database and analytics to institutional customers including domestic securities and investment firms. Through its subsidiary, Daily Growth, the Company provides securities brokerage services for stocks listed on Hong Kong Stock Exchange.
About China Financial Futures Exchange
With the approval of the State Council and the authorization of China Securities Regulatory Commission (CSRC), China Financial Futures Exchange (CFFEX) was founded jointly by Shanghai Futures Exchange, Zhengzhou Commodity Exchange, Dalian Commodity Exchange, Shanghai Stock Exchange and Shenzhen Stock Exchange on September 8, 2006 in Shanghai. For more information, please log on http://www.cffex.com.cn/
Safe Harbor Statement
This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the quotations from management in this press release and the Company's strategic operational plans and business outlook, contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. The Company believes that the Chinese economy continues to expand; however, the expansion may be uneven with certain sectors being affected more than others with resulting volatility in the Chinese equity market which could influence the Company's operating results in the coming quarters. Further information regarding these and other risks is included in the Company's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.
For more information, please contact:
In China:
Lily Zhang
Investor Relations
China Finance Online Co., Ltd.
Email: ir@jrj.com
In the United States:
Kevin Theiss
Grayling
Tel: +1-646-284-9409
Email: kevin.theiss@grayling.com
Source: China Finance Online Co., Ltd.
CONTACT: In China: Lily Zhang, Investor Relations, China Finance Online
Co., Ltd. at ir@jrj.com; In the United States: Kevin Theiss, Grayling at +1-
646-284-9409 or kevin.theiss@grayling.com
Web site: http://www.jrj.com.cn/
http://www.cffex.com.cn/