Xinhua Finance
| Public | |
| Traded as | : |
| ISIN | KYG9827X1025 |
| Industry | Finance |
| Founded |
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| Founder | Fredy Bush |
| Headquarters |
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Key people
|
Lian Yihhann (Chairman & CEO) |
 (US$4.165 million) (2015) |
|
| Total assets |
 US$19.603 million (2015) |
| Total equity |
US$11.842 million (2015) |
| Owner |
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Number of employees
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79 (2015) |
| Website | xinhuaholdings.com |
|
Footnotes / references in a consolidated basis |
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Xinhua Holdings Limited (Chinese: 新华控股有限公司; Japanese: ファイナンス・リミテッド) formerly known as Xinhua Finance was founded in 1999. It is engaged in the provision of financial information and services, primarily in the China market. It is headquartered in Hong Kong. It is listed on the Tokyo Mothers Board (9399). The company's subsidiary, Xinhua Finance Media Ltd, was listed on NASDAQ (NASDAQ: XFML) which was delisted in 2011 after the exposure of a scandal.
Xinhua News Agency owned a stake in Xinhua Finance (4.25% in September 2005) However, the state-owned news agency had sold all the stake before 2007. The agency even made a press release in 2007 to declare they have no relation to Xinhua Finance.
In 2013 Loretta Fredy Bush, Shelly S. Singhal and Dennis L. Pelino, former employee of Xinhua Finance, were sentenced by the court of the United States.
Xinhua Financial Network Limited (XFN) was incorporated in Hong Kong in November 1999, by a Samoa incorporated company "Xinhua Finance Holdings Limited". In late 2000, XFN established joint venture with FTSE Group, forming the Xinhua-FTSE Index Series (for example FTSE China A50 Index). In 2004, a Cayman Islands incorporated holding company Xinhua Finance Limited was formed.
In 2003, it formed an international alliance with Agence France-Presse (AFP) Finance. Xinhua Financial Network Ltd. purchased the news agencies of AFP Asian Finance in Hong Kong, Japan, South Korea, and Singapore and eight other Asian countries and regions, which expanded the coverage of Xinhua News Agency's international network.
In July 2006, Mergent, a subsidiary of Xinhua Finance, purchased the business of Praedea Solutions, Inc., a developer of enterprise software for automated data extraction.
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Wikipedia