February 12, 2009 (Beijing) Chinanews.com, the online service operated by China News Service, and Caixun.com announced the establishment of a strategic alliance. Under the alliance, they will jointly create the personal finance channel of Chinanews.com. Caixun.com will also become the exclusive service provider of personal finance related information for Chinanews.com users.

Sun Yongliang, the deputy chief editor of CNS and the president of Chinanews.com (right)

Bettina Yang, General Manager of 【Shihua Caixun】and Caixun.com (left)

The China News online service (Chinanews.com) is operated by China News Service (CNS). In accordance with the reporting style of CNS "both international angle and amiability", Chinanews provides accurate, abundant, timely and lively news and information attracting a great number of users, especially professionals of network, journalism, finance and economics. Caixun.com is the ultimate source of financial information for the investment community, and the first online entity in China to define educated financial planning and investment through reliable information and objective analysis.

Under this alliance, Chinanews.com will provide users with financial information and analysis by【Shihua Caixun】, including global economic developments, market updates on stocks, fund, FOREX, futures, as well as analysis on key domestic industries. Caxiun.com is China's Financial Community Central, with an online community of investors and experts to share investment information, experiences, market analysis and relevant financial planning issues.

Sun Yongliang, the deputy chief editor of CNS and the president of Chinanews.com, said," Chinanews.com intended to create the most professional network media in China. For Chinanews.com, the establishment of a strategic alliance with Caixun.com is a successful example of professional cooperation".

Bettina Yang, General Manager of Caixun.com, said, "We are pleased to form a strategic alliance with Chinanews.com, and to provide them with professional financial information and analysis. We welcome Chinanews.com worldwide users to join the investment community on Caixun.com, share the essential information tools to make educated decisions on their investment strategy and financial planning."

About Chinanews.com(www.chinanews.com.cn)

The Chinanews online service (Chinanews.com) is the website launched by China News Service (CNS).

CNS was established by Chinese journalists and renowned experts from home and abroad on September 14,1952. It is one of the only two news agencies in China's mainland. After 50 years of construction and development, CNS has developed well. With the headquarters based in Beijing, it has branches in 23 provinces, autonomous regions and municipalities in China's mainland, and in Hong Kong and Macau, as well as in the US, France, Japan, Canada, Australia, Thailand and Malaysia. The UNESCO has ranked 174 news agencies from all over the world into 5 levels, as the Associated Press, Reuters, and AFP are listed in the level A, and CNS is among level B.

As a Chinese-language media, CNS is the pioneer in Asia setting up its Internet portal. The website www.chinanews.com was launched in Hong Kong in 1995. On January 1, 1999, the official website www.chinanews.com.cn was launched by the headquarters of CNS in Beijing.

Since its debut, Chinanews immediately stood out with unparalleled advantages in original news by CNS, becoming a news resource for plenty of domestic and overseas web media. In accordance with the style of CNS, Chinanews features "both international view and amiability". Chinanews provides accurate, abundant, timely and lively news and information. It attracts a great number of netizens, especially professionals of network, journalism, finance and economics.

So far, Chinanews consists of the news center, the frontpage, and various channels including world, Taiwan, Hong Kong and Macau, overseas Chinese, finance and economics, auto, estate, IT, education, health, entertainment, sports, photos, videos, community, and selection of overseas Chinese-language articles. In addition, it has established a photo gallery. All these contents provide you with accurate, timely and diverse news, photos and online videos in both traditional and simplified Chinese. Especially, the dynamic online news is timely and accurate, and the in-depth reports are exclusive, which are always cited by domestic and overseas web media.

Chinanews has been enriched gradually since its debut, and the influences have extended to the world. So far, all the well-known commercial websites in China are the clients of Chinanews. Meanwhile, many overseas Chinese websites exchange links with Chinanews. Chinanews also manages more than 30 local websites supported by the CNS branches in Shanghai, Hong Kong, Tokyo, Chongqing, Jilin, Fujian, Jiangsu, Xinjiang and so on, offering plenty of local news and information.

About Caixun.com(www.caixun.com)

Caixun.com (pronounced zai`ʃəun ) is the ultimate financial information online destination in China. It provides round-the-clock global market updates, economic developments, investment features, special reports on key industries and their impact to the investment and corporate community. Caixun.com is a financial community central, with an online community of investors and experts to provide expert advice and share investment experiences. Caixun.com is the first online entity in China to define educated financial planning and investment through reliable information and objective analysis. Caixun.com delivers marketers a premium environment to reach influential business leaders and affluent investors, and advertising opportunities that accomplish marketing objectives. Caixun.com is owned and operated by Beijing Shihua International Financial Information Company Limited in Beijing, China.

About Shihua Caixun(www.shihua.com.cn)

【Shihua Caixun】is the leading financial information service in China. Shihua Caixun's terminal and information subscription service is the foremost source of real-time and archived financial information, data, objective research and analysis for financial institutions, media, professional investors and corporate executives in China. 【Shihua Caixun】is the key investment tool to map investment strategies, analyze industry trend, and forecast the China market outlook, while maintaining a global market perspective.

Beijing Shihua International Financial Information Company Limited, established in 1993, is an integral part of China's financial investment community. Headquartered in Beijing, Shihua's commitment to client focus and innovation are best exemplified by more than 500 professionals and nationwide customer support network based in the 20 centers and offices across China.