Xinhua Finance CEO Fredy Bush Named CNBC Asia Entrepreneur of the Year

Xinhua Finance CEO Fredy Bush Named CNBC Asia Entrepreneur of the Year

October 30, 2006

    HONG KONG, Oct. 30 /Xinhua-PRNewswire/ -- Ms. Fredy
Bush, CEO and founder of Xinhua Finance Limited (TSE
Mothers: 9399 and OTC: XHFNY), has been presented with
another business accolade at the fifth CNBC Asia Business
Leader Awards (ABLA) ceremony held on October 26 in Hong
Kong. Less than two weeks after receiving the Women of
Influence Entrepreneur of the Year Award from the American
Chamber of Commerce in Hong Kong, Ms. Bush is honored as
the Asia Entrepreneur of the Year by CNBC and award sponsor
The Citibank Private Bank.

    Photo link:
http://www.xinhuafinance.com/photolinks/cnbcawards2006/fredybush.html

    Launched in 2001 by CNBC, the ABLA is Asia's premier
business leadership event, bringing prominence and
recognition to visionary leaders behind today's outstanding
businesses.  Entrepreneur of the Year is awarded to an
individual who has demonstrated significant achievement in
the creation and management of a new enterprise. In the
case of Ms. Bush, this enterprise is China's premier
financial information and media services provider, Xinhua
Finance Limited, which reported revenues of $110 million
and total assets of $370 million in 2005 after an
operational span of only five years.   

    In an official statement, CNBC recognized Ms. Bush for
"[embodying] the talent and skills of a successful
entrepreneur by having the ability to identify
opportunities, the courage to challenge paradigms, the
vision to develop new business ventures based on
opportunities and the confidence to encourage others to
innovate."  

    Jeremy Pink, CEO and Managing Director of CNBC Asia
Pacific, added, "Fredy is one of those remarkable
business leaders who dares to dream, invests long hard
hours, and is thoroughly committed to her goals. We at CNBC
salute her for what she has accomplished at the helm of
Xinhua Finance and hope that the business community is able
to gain valuable insights from her and her story."

    Ms. Bush commented on the honor, saying, "Success
can be measured in many ways, but for me and the
organization I helped build, it will always be defined as
the steadfastness of our vision and integrity. With Xinhua
Finance, building best practices in corporate governance
and financial disclosure in China is not some glorified
slogan. It is the bedrock upon which we are built, which
guides every decision we make as an organization. The same
standards we demand from the companies we monitor are the
ones we demand from ourselves."  

    At the turn of the century, Xinhua Finance has been apt
at anticipating demand for financial services pinpointed at
China's quickly liberalizing financial markets. Xinhua
Finance was the first organization in China to supply a
comprehensive range of internationally-accepted investment
tools to market participants, from market indices and
credit ratings to financial newswires and investor
relations support. Directing proceeds from an unprecedented
listing on the Tokyo Stock Exchange, the company now
possesses global capabilities and a growing client list of
leading financial institutions. 

    Other ABLA categories include Hong Kong CEO of the
Year, Asia Talent Management Award, Asia Corporate Citizen
of the Year, Asia Innovator of the Year and Asia Business
Leader of the Year.

    From a starting list of over 13,000 companies across
the region, 30 finalists had received final consideration
for the six ABLA categories. These business leaders passed
through a unique three-phase judging process based on a
combination of stringent and transparent criteria including
financial performance, leadership, creativity, innovation
and social responsibility. The judging panel was made up of
world-respected management strategists, academics, and
corporate personalities under the direction of knowledge
partners University of Chicago Graduate School of Business
and Development Dimensions International (DDI). 

    This May, Ms. Bush was also awarded the Ellis Island
Medal of Honor from the National Ethnic Coalition of
Organizations in recognition of her entrepreneurial success
and contributions to public service.    

    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 20 news bureaus
and offices in 19 locations across Asia, Australia, North
America and Europe.  

    For more information, please visit
http://www.xinhuafinance.com .  

    For more information, please contact: 

    China

     Xinhua Finance
     Ms. Joy Tsang
     Tel:   [phone]
            [phone]
            [phone]
     Email: [e-mail]

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

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

    United States
     Ms. Ishviene Arora
     Tel:   [phone]
     Email: [e-mail]

    Europe
     Mr. John Dudzinsky
     Tel:   [phone]
     Email: [e-mail]

SOURCE  Xinhua Finance Limited