Unprecedented Combination Promises a New Age of Unlimited
Connectivity to Investment Communities Worldwide
HONG KONG, Sept. 19 /Xinhua-PRNewswire/ -- Finet Group Limited ("Finet,''
SEHK: 8317) today announced the groundbreaking launch of VoIP (Voice-over-
Internet Protocol) service on Finet PowerStation, Finet's proprietary
financial terminal that seamlessly integrates comprehensive market data, news,
reports and analytics of world financial markets in the Chinese language on a
real-time basis. The unprecedented combination of VoIP and financial terminal
is believed to set a new industry standard as it gives a definitive
communications experience among investment communities, who embrace cost-
effective means to enable instant intelligence and information sharing.
''Investors are indispensable to information-based tools and effective
communications means to make informed decisions. Traditionally, a lot of time
and efforts are spent to gather information from multiple channels, while
communicating through different devices at a cost,'' said Dr. George Yu,
Finet's chairman and CEO. ''By making VoIP available on a cross-market
financial terminal, Finet becomes an industry first to integrate the two
decision-critical elements -- information and voice communications -- onto a
single platform, promising unlimited connectivity to the investment
communities worldwide and creating a new era in mobilizing people, capital and
information in the global marketplace.''
The initial release of VoIP service on Finet PowerStation is featured with
high-quality voice calls between terminals and robust instant messaging via
terminal, email or telephones, in a fully encrypted environment to ensure
secure, ubiquitous information exchange. Financial institutions, dealers and
investment communities are among the first to benefit from this synchronized
model. For example, dealers can see Finet PowerStation as a virtual dealing
room to instantly identify buyers or sellers, while concurrently monitoring
real-time market movements. Brokers can build up relationships and even close
orders with their clients, empowered by a repository of cross-market financial
information. The product also allows versatile user grouping to support open,
secure communications between various parties.
The economics is equally compelling. With VoIP built in a proprietary
technology, Finet PowerStation enables users calling between widely dispersed
locations for free, thus cutting a major chunk of telephony costs especially
intensive in the highly mobilized financial sector. Additionally, downloading
and maintenance efforts are streamlined with the two conventionally disparate
systems now centralized onto a single platform. After a one-off downloading
process on a computer, users just need an Internet connection and one set of
logon and password to fully utilize the product.
Dr. Yu commented, ''While VoIP is without doubt an awe-inspiring
technology that revolutionizes communications, Finet takes a step forward to
marry it with our core information capabilities and industry knowledge in
order to create enormous synergies for investors around the world. It is
simply integral to our customer-centric legacy and unique capacity to
interconnect information, technology and services. In return, we expect this
unrivalled combination, first-of-its-kind, will further anchor our existing
users and expand our customer base to a new level.''
Future releases will extend IP-based calls to connect between terminals
and telephones, adding multimedia and graphical features to bring greater
values to broader market segments.
''As an industry pioneer, Finet is driven to transform latest technologies
into new business ventures that accelerate our organic growth. The momentous
VoIP technology, which is bound to alter the status quo that people
communicate, presents an exceptional opportunity to open up new markets for us.
With the growing sophistication and popularity of our VoIP service, our goal
is to venture into a new line of business to particularly address the needs of
Chinese users, which remains an uncharted market to date,'' Dr. Yu added.
About Finet Group Limited
Founded in 1998 and listed on the Growth Enterprise Market of the Stock
Exchange of Hong Kong Limited (SEHK: 8317), Finet Group Limited (''Finet'') is
a foremost financial services provider in Greater China specializing in the
provision of integrated information solutions to global Chinese investors. We
propel the financial growth of institutions and individuals with our unique
capacity to interconnect comprehensive financial information, advanced
technologies and value-added services. Through the origination, aggregation
and integration of cross-market news, data, reports and analytical tools in
Chinese, we mobilize Chinese investors across the world to access and
capitalize on world financial markets, including the Greater China and U.S.
stock markets, Forex, commodities, and fixed-income markets.
Headquartered in Hong Kong, Finet has made inroads into the PRC market
through its Shenzhen, Shanghai and Beijing offices and strategic partners in
the PRC. Finet extends the global reach via a network of international
distribution platforms and business partners. Among Finet's shareholders are
reputable and respectable organizations from across the world, they include
T&C Group in Japan, United Business Media/PR Newswire, Reader's Digest and GE
Equity in the US and Europe.
For more information, please contact:
Ms. Queenie Siu,
Director of Marketing and Corporate Communications,
Finet Group Limited
Tel: +852-2153-7220
Fax: +852-3106-0786
Email: queeniesiu@finet.com.hk
SOURCE Finet Group Limited
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CONTACT: Ms. Queenie Siu, Director of Marketing and Corporate Communications of Finet Group Limited, +852-2153-7220, or fax, +852-3106-0786, or queeniesiu@finet.com.hk
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