Xinhua Finance Agency (XFA), an information service provider aimed at providing financial information service for foreign investors, held an unveiling ceremony to announce its formal establishment on Monday (Dec. 8) at the "One Belt, One Road" summit forum, which is sponsored by Xinhua News Agency Asia-Pacific Regional Bureau, adding a cross-border financial information platform to Xinhua News Agency. XFA is a joint venture established by Xinhua News Agency Asia-Pacific Regional Bureau and Front Office Technology (HK) Company Limited. It is a Hong Kong based multimedia and internet financial information platform devoted to provide Chinese and foreign users with comprehensive and accurate information. Combining the broad news information channel of Xinhua News Agency and cutting-edge financial and internet technology of FOT, XFA aims to become a professional cross-border finance information and service platform providing quality information to foreign investors in effective and various ways.
Ju Mengjun, President of Xinhua News Agency Asia-Pacific Regional Bureau indicated at the unveiling ceremony that building an internet-era information platform to source information from more than 50 countries and regions in Asia-Pacific will give Hong Kong a full play of its role as a super liaison, and will be beneficial to the government, enterprises and individuals.
XFA is established under the background that RMB internationalization is increasingly accelerated, and “the Belt and Road Initiative” enters into a stage of implementation. XFA will provide "Xinhua Silk Road" information products on countries of Asian-Pacific region along the “Belt and Road” and comprehensive information service for investment, commercial activities and transactions of related countries to promote the integration of financial markets of each nation.
Wu Zhonghui, president of newly-established XFA, indicated that China is at a stage of “new and normal” economy, and the responsibility of XFA is to help overseas institutional and individual investors know more about China’s investment opportunities, meanwhile make Chinese enterprises go out towards overseas markets. XFA will make every effort to become an information service provider on Chinese financial information and data with international influence based on its real time technologies, and it will also create a comprehensive e-commerce platform integrated with international financial market and information, with a purpose of becoming a bridge connecting the economy of China and the world.
Currently, as the national news agency, the Xinhua News Agency owns various authorized media for finance, such as Economic Information Daily, China Securities Journal and Shanghai Securities News, but it is still at an early stage to popularize Chinese information on finance to overseas markets, which does not match the increasingly-powerful financial strength of China. XFA’s establishment just fills up this blank, beneficial to boost the popularization of Chinese financial information to the world, and enhance China’s voice in the international financial markets. It is learnt that XFA has pushed out news and information products, including financial news website and multimedia client, aiming to provide real time market information for overseas investors who invest in A-share market of Shanghai, "Xinhua Silk Road" information products for countries along the “Belt and Road”, and also information service for related international clients, which are welcomed by clients.
Written by Henry Wei
Translated by Jelly Yi and Adam Zhang
Translated by Jelly Yi and Adam Zhang
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