Xinhua Finance Realigns News Business Strategy on the Greater China Market

Xinhua Finance Realigns News Business Strategy on the Greater China Market

May 31, 2007

    SHANGHAI, May 31 /Xinhua-PRNewswire/ -- Xinhua Finance
Limited (TSE: 9399) (OTC ADRs: XHFNY), today announced that
it has reached an agreement on the sale of certain non-China
news operations of Xinhua Finance News ("XFN", an
unit of the Company's news service line) to Thomson
Financial, a leading provider of information and technology
solutions to the worldwide financial community.  The move is
a strategic decision that allows XFN to focus its operations
where it has a significant competitive edge in Greater
China.  It enables Thomson Financial to further expand its
tailored financial news operations in Asia.  The two
companies have not disclosed the financial terms of the
agreement.

    (Logo: http://www.xprn.com.cn/xprn/sa/200611140926.gif
)

    The agreement, which will take effect on June 1st,
covers seven XFN Asia-Pacific bureaus located in Tokyo,
Manila, Jakarta, Kuala Lumpur, Singapore, Sydney and Seoul.
 The companies have also signed licensing agreements
providing for the exchange of news services following the
sale.   

    Xinhua Finance COO Daniel Connell said, "This
allows us to cut costs from a non-core area and refocus our
efforts and resources on our core geographic competency,
which is Greater China while at the same time enhancing our
overall strategy of bridging China's financial markets and
the world.  We believe that this will benefit the two
companies, our customers and our employees."

    Leveraging its unique position and strength in China,
XFN has realigned its news strategy to focus on the Greater
China market and will continue to maintain editorial
operations in Beijing, Shanghai, Hong Kong and Taipei.  The
news operation of Xinhua Finance's other subsidiaries such
as Market News International, Stone and McCarthy and G7
Group remain unchanged.

    About the companies

    Xinhua Finance Limited 

    Xinhua Finance Limited is China's premier financial
information and media service provider 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 five focused and
complementary service lines: Indices, Ratings, Financial
News, Investor Relations, and Distribution.  Founded in
November 1999, the Company is headquartered in Shanghai,
with offices and news bureaus spanning 11 countries
worldwide. For more information, please visit
http://www.xinhuafinance.com .

    Thomson Financial

    Thomson Financial, with 2006 revenues of US$2 billion,
is a provider of information and technology solutions to
the worldwide financial community. Through the widest range
of products and services in the industry, Thomson Financial
helps clients in more than 70 countries make better
decisions, be more productive and achieve superior results.
 Thomson Financial is part of The Thomson Corporation (
http://www.thomson.com ), a global leader in providing
essential electronic workflow solutions to business and
professional customers.  With operational headquarters in
Stamford, Conn., Thomson provides value-added information,
software tools and applications to professionals in the
fields of law, tax, accounting, financial services,
scientific research and healthcare.  The Corporation's
common shares are listed on the New York and Toronto stock
exchanges.
  


    For more information, please contact:

    Xinhua Finance 
     Joy Tsang, Director of Corporate Communications
     Tel:   [phone]
     Email: [e-mail] 

    Thomson Financial 
     Alex Brog, Director External Communications  
     Tel:   [phone]
     Email: [e-mail]

     Sally Cates, Managing Director, Strategic
Communications
     Tel:   [phone]	
     Email: [e-mail]