Standard & Poor's to Provide Financial Services to China Market

Home>>Business

Last updated at: (Beijing Time) Wednesday, August 13, 2003

Standard & Poor's to Provide Financial Services to China Market

DISCUSSION

CHINESE

SEND TO FRIEND

Standard & Poor's Investment Services and Shihua International Financial Information Co. Ltd. announced Tuesday to form an alliance to jointly launch information products and services on international currency and equities for China's investors.

Shihua Financial Information is the first to make Standard & Poor's Investment Services' independent analysis and objective commentary accessible to China's financial industry through its proprietary platform.

On introducing Standard & Poor's equity research and analysis to the China market, William J. Reidy, managing director for Standard & Poor's Investment Services in the Asia Pacific, said that Standard & Poor's is rapidly expanding on the analytical coverage in China with the intention of covering all stocks in theHang Seng index as well as all "H" shares stocks before the end ofthe year.

Complementing the existing research capacities in the United States and Europe, Standard & Poor's Asian equity team provides independent and objective analysis for key markets in the Asian region, bringing transparency and insight into the marketplace, said Reidy.

Standard & Poor's Investment Services is certainly very excitedabout the prospects of the China market and believes that it has enormous potential going forward, said Reidy, adding that "we are also every happy to introduce our global methodology to the Chinese marketplace as we believe that it will bring a positive impact to the overall standard of the market."

Shihua International Financial Information Co. Ltd., a subsidiary of Sino-i Technology Limited, is the leading provider of real-time financial information, analysis and data in China. Sino-i Technology has a service network in more than 40 Chinese cities with 4,000 staff, the largest IT distribution network in China.

Zhao Liang, Chairman and CEO of Shihua International Financial Information Co. Ltd., said that with China's entry into the WTO, the Chinese investment community has increasing needs to broaden its global information resources to coincide with the unparalleledgrowth of China's economic development and status in the global marketplace.

Shihua's alliance with Standard & Poor's Investment Services will enhance Chinese investors' outreach to the global financial world and in turn contribute to the Chinese investment community'sincreasing congruence to international standards and practices, said Zhao.

Questions?Comments? Click here

Bank Loans Available with Credit Records in Shanghai

China's Financial Institutions Report Brisk Business

DPRK's Kim Jong Il Elected Member of Parliament ( 2 Messages)

Main Party of China's First Euthanasia Lawsuit Dies ( 2 Messages)

For Whom Does Jackie Chan Feel Pity and Shed Tears? ( 5 Messages)

News Analysis: Bush's Political Fortune to Rise or Fall? ( 4 Messages)

Japan to Be Restored as China's Biggest Tourism Source ( 3 Messages)