Xinhua Finance Establishes Research Laboratory with Chinese Academy of Sciences

Xinhua Finance Establishes Research Laboratory with Chinese Academy of Sciences

January 23, 2007

    BEIJING, Jan. 23 /Xinhua-PRNewswire/ -- Xinhua Finance
(TSE Mothers: 9399 and OTC: XHFNY), China's premier
financial information and media services provider,
announced  that it has entered into an agreement to
establish the Financial Innovation and Risk Solution
Laboratory (hereafter, "the Laboratory") with the
Institute of Applied Mathematics (IAM) under the Chinese
Academy of Sciences.  The Laboratory is chartered with the
mission of furthering research in the fields of financial
innovation and risk management and making contributions to
the continued growth of the Chinese economy.  

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

    The Institute of Applied Mathematics is a world-class
research institute founded in 1979 by Dr. Hua Loo-keng, the
renowned Chinese mathematician, under the approval of the
Chinese Academy of Sciences.  Since its formation, IAM has
engaged in numerous consulting projects, both in the public
sector assisting Chinese government ministry policy-making
and in the private sector performing risk analyses for
Chinese financial institutions.   It continues to spearhead
the theoretical studies and practice of applied mathematics,
particularly in the fields of probability, stochastic
analysis and financial mathematics.  

    Financial Innovation and Risk Solution Laboratory
researchers will develop suggestions on the improvement of
China's credit market through in-depth analysis of related
market data. The Laboratory will also release quarterly
progress reports on the healthy and sustainable development
of China's financial and credit risk management systems.  

    The Director of IAM, Dr. Gong Fuzhou, said, "The
Laboratory's establishment demonstrates both IAM's and
Xinhua Finance's commitment to building knowledge that will
be instrumental in bringing greater efficiency to China's
financial markets. We are optimistic that our mutual
efforts will lead to greater diversification in terms of
the financial instruments and risk management platforms
available in China."

    Mr. Jae Lie, President of Xinhua Finance, remarked,
"We are delighted to forge a bond with the Institute
of Applied Mathematics, undeniably the foremost
organization of its kind in China.  I expect that, through
its research capabilities and Xinhua Finance's support, a
body of knowledge will be produced which will contribute to
China's financial markets and which can be directly applied
to the development of cutting-edge financial
applications."

    Notes to Editors

    About 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 ADR: 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 . 

    About Institute of Applied Mathematics

    The Institute of Applied Mathematics (IAM) is a
world-class mathematical research which was founded in 1979
by the prominent Chinese mathematician, Professor Hua
Loo-keng.  IAM is engaged in fundamental theoretical
research which may be applied to such fields as the natural
sciences, technology, economics, finance, and management, in
the service of national development.  Since its foundation,
the Institute has been focused on operations research,
probability and statistics, and differential equations. In
particular, the Institute has had international impact in
the subfields of stochastic analysis, combinatorial
mathematics, and nonlinear evolution equations.  It has
engaged in numerous consulting projects, both in the public
sector assisting Chinese government ministry policy-making
and in the private sector, performing risk analyses for
Chinese financial institutions. IAM personnel provided
valuable counsel to the State Council during the 1997 Asia
financial crisis. There are 49 leading researchers
presently at the Institute of Applied Mathematics.
  
    For more information, visit http://www.amt.ac.cn . 


    For more information, please contact: 

    Xinhua Finance

    Hong Kong/Shanghai
     Ms. Joy Tsang
     Tel:   [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