Xinhua Finance

Xinhua Finance

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Xinhua Finance

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Description:
Xinhua Finance Limited (; ) () formed in 1999 is engaged in the provision of financial information and services, primarily in the China market. It is headquartered in Shanghai. It is listed on the Tokyo Mothers Board (9399). The company's subsidiary, Xinhua Finance Media Ltd, is listed on NASDAQ (XFML). The share registrar is Tricor Investor Services Limited.

History

Xinhua Financial Network, Ltd. (XFN) was incorporated in Hong Kong in November 1999. In late 2000, XFN established joint venture with FTSE Group, forming the Xinhua FTSE Index.

In 2003, it formed an international alliance with Agence France-Presse (AFP) Finance. Xinhua Financial Network Ltd. purchased the news agencies of AFP Asian Finance in Hong Kong, Japan, South Korea, and Singapore and eight other Asian countries and regions, which expanded the coverage of Xinhua News Agency's international network.

In July 2006, Mergent, a subsidiary of Xinhua Finance, purchased the business of Praedea Solutions, Inc., a developer of enterprise software for automated data extraction.

In June 2007, XFN announced it had agreed to sell seven of its Asia-Pacific news bureaus in Tokyo, Manila, Jakarta, Kuala Lumpur, Singapore, Sydney and Seoul to Thomson Financial, part of Canadian publisher Thomson Corp., in order to focus on the greater China region. XFN stated they would retain their operations in Beijing, Shanghai, Hong Kong and Taipei, while news operations of Xinhua Finance's other subsidiaries,...
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