Xinhua Finance CEO Ms. Fredy Bush Awarded Ellis Island Medal of Honor

Xinhua Finance CEO Ms. Fredy Bush Awarded Ellis Island Medal of Honor

May 15, 2006

    SHANGHAI, May 15, -- On May 13, Ms. Fredy Bush, founder
and CEO of Xinhua Finance Ltd. (TSE Mothers: 9399 and OTC:
XHFNY), was awarded the Ellis Island Medal of Honor from
the National Ethnic Coalition of Organizations (NECO)
during a ceremony held on Ellis Island. 

    Created in 1986, the Ellis Island Medals of Honour are
presented to Americans of diverse origins for their
outstanding contributions to American society.  Past
honourees include U.S. presidents, Nobel Prize winners,
leaders of industry and government, artists, performers,
and athletes.  Ellis Island Medal of Honour Award
recipients are selected each year through a national
nomination process and are sanctioned by the United States
Congress, with the recipients' names listed in the
Congressional Record.  To date, more than 1,000 American
citizens, including six former U.S. presidents, have
received medals.  

    Fredy Bush, an American citizen originally from Utah,
is a successful entrepreneur who started her own financial
information provider in China in 1999.  The company, Xinhua
Finance, listed in Japan, has now become the leading
provider of Chinese financial market information, with over
US$110 million in revenue in 2005.  Her initiatives as CEO
of Xinhua Finance aim to improve the transparency of the
Chinese markets, enabling international institutional
investors to invest in China with greater confidence and
efficiency.  Under her leadership, Xinhua Finance has
forged alliances with a number of financial innovators,
including FTSE Group, PR Newswire and Lehman Brothers, to
apply global best practices to China's emerging markets. 
This April, Xinhua Finance formed a partnership with the
Milken Institute in the creation of the first set of
independent China economic indicators. 

    "Receiving the Ellis Island Medal of Honor, among
a list of such esteemed countrymen, is a tremendous honour.
 NECO's mission of celebrating diversity and pubic service
is one that I share deeply.  Since I first came to Asia two
decades ago, I have dedicated myself to the mission of
improving the infrastructure for cross-border investment
between China and the USA.  I have tried to do so by
building a company that embodies diversity.  At Xinhua
Finance, we boast a true `melting pot' of talented and
focused individuals of different backgrounds, all committed
to promoting a stronger global economy." 

    As founder, CEO, and Vice Chairman of Xinhua Finance
Limited, Fredy Bush draws on over 20 years of experience
and entrepreneurial success in the Far East.  Prior to
establishing Xinhua Finance, Fredy worked in Taiwan from
1985-1990 to establish that its first official futures
market.  In 2004, Fredy was listed as one of the "Top
50 Women to Watch" globally by the Wall Street
Journal. 

    About Xinhua Finance Limited 

    Xinhua Finance Limited is China's unchallenged leader
in financial information and media, and is listed on the
Mothers board of the Tokyo Stock Exchange (symbol: 9399)
(OTC ADRs: XHFNY). Bridging China's financial markets and
the world, Xinhua Finance serves financial institutions,
corporations and re-distributors through four focused and
complementary service lines: Indices, Ratings, Financial
News and Investor Relations.  Founded in November 1999, the
Company is headquartered in Shanghai with 21 news bureaus
and offices in 18 locations across Asia, Australia, North
America and Europe.  

    For more information, please visit
www.xinhuafinance.com. 

    For further information, 

     Xinhua Finance
     Japan: 
     Mr Sun Jiong
     Tel:   [phone]
     Email: [e-mail]

     Hong Kong: 
     Ms Joy Tsang
     Tel:   [phone]
            [phone]
     Email: [e-mail] 

     Taylor Rafferty (IR Contact)
     Japan: 
     Mr. James Hawrylak, 
     Tel:   [phone]
     Email: [e-mail]

     United States: 
     Mr. Brian Rafferty
     Tel:   [phone]
     Email: [e-mail]

SOURCE  Xinhua Finance Limited