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China Launches Cable Box for On-line Brokerage
A private Chinese company Wednesday announced the creation of a cable box that enables users to buy and sell stocks through the TV.
The MOWAY9901C cable box uses a patent computer chip design and operational software developed by Chinese companies. The central piece of the technology is an electronic trading system that offers real time analysis and stock transactions.
The cable box, believed to be the first of its kind in China, was developed by Uniwin Electrical Technology Co. Ltd in Shanghai in east China.
At an inauguration ceremony for the product, held in Beijing today, a senior company official said that Uniwin has strived to provide practical and affordable solutions of on-line trading for Chinese stock owners.
China now has some 50 million people buying and selling securities at stock markets. However, only one percent of the trading volume are conducted on line.
Weichi Jian, an official from the High-tech Department of the Ministry of Science and Technology, said at the launching ceremony that the new cable box has utilized Chinese patent technologies and will promote the growth of a relevant software industry and accelerate the development of an on-line stock brokerage network in China.
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