Informa Group PLC
8 March 2002
Friday 8 March
INFORMA GROUP INVESTS IN XINHUA FINANCIAL NETWORK
Informa Group has made an investment in Xinhua Financial Network (XFN). XFN is a
financial news service based in Hong Kong with additional offices in Beijing and
Shanghai. The majority shareholder in XFN is the main Chinese Government News
Agency - Xinhua News Agency.
XFN provides financial information about China to foreign companies based
outside China and to Domestic and International companies operating in China.
XFN offers a number of services, the main ones of which are Financial indices,
credit ratings, company news and equity information. Informa already provides a
service on XFN called China Watch - a Bond information service which is already
proving successful. It is intended that following the investment, Informa will
provide further products and also become the official Conference arm of XFN
using the Xihnua brand where appropriate.
Informa has been operating in China for some years now. This provides an
excellent opportunity for the Group to take advantage of China's increased
information needs following accession to the WTO alongside a respected local
partner.
For further information
Peter Rigby, David Gilbertson, Jim Wilkinson
Informa Group 0207 017 4302
Fiona Piper
The Maitland Consultancy 0207 379 5151
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.