HONG KONG, April 5 /Xinhua-PRNewswire-FirstCall/ -- Xinhua Finance (TSE
Mothers: 9399) and Market News International (MNI), a part of the news
division of Xinhua Finance, today launched a China business sentiment survey,
to be issued every quarter.
Modeled after surveys such as the Japanese Tankan and the U.S. Institute
for Supply Management's Report on Business, the Xinhua Finance/MNI China
Business Sentiment Survey aims to be the definitive survey on Chinese business
conditions.
About 90% of the companies surveyed in the first poll said that overall
business conditions are either better or the same as they were a month ago and
about the same percentage expect conditions to have improved or remained the
same in three months.
The survey also indicated that Chinese listed companies expect to increase
production at an accelerating rate over the next three months as their own
financial positions continue to improve despite rising input prices.
Xinhua Finance CEO Fredy Bush said the launch of the China business
sentiment survey was part of the company's wider plans to expand the range and
visibility of its China products.
"This survey further demonstrates Xinhua Finance's commitment to enhancing
investors' understanding of the Chinese economy," Ms Bush said.
Companies were surveyed over the last two weeks of March and their answers
were used to compile indexes of current and future business conditions.
"This survey provides a window on the expectations of Chinese companies
and reveals valuable insight into their on-the-ground experience," said Mike
Connor, CEO of Market News International and President of Xinhua Finance News.
The survey results can be found at
http://www.xinhuafinance.com/chinabizsurvey.html .
The next Xinhua Finance/MNI China Business Sentiment Survey will be
released in three months.
About Xinhua Finance Limited
Xinhua Finance Limited is China's premier financial services and media
company, listed on the Mothers Board of the Tokyo Stock Exchange (symbol:
9399). The Company provides financial news and information, as well as a
broad array of financial products and services unique to the China markets.
Xinhua Finance provides real time coverage of Chinese and Asian equity markets,
delivering an integrated platform of China-specific indices, financial news
feeds, credit ratings, and investor relations services to global financial
institutions and re-distributors via leased line, Internet, and satellite
technology.
Founded in 1999, the Company is headquartered in Hong Kong and has 21
offices and 19 news bureaus across Asia, Australia, North America and Europe.
For more information, see http://www.xinhuafinance.com.
About Market News
Market News International (MNI), a Xinhua Finance company
( http://www.xinhuafinance.com ), is a financial news and information company
dedicated to the global fixed income and foreign exchange markets. MNI joined
the Xinhua Finance family in March 2004, bringing its niche expertise and
extensive distribution network. Headquartered in New York, MNI has news
bureaus and offices throughout the US and Europe.
With more than twenty years of history, MNI is a fully accredited news
agency providing focused, timely, relevant and critical intelligence for
market professionals. Its press credentials are accepted by all operations of
the U.S. Government, including the White House, the Federal, both houses of
Congress, all major agencies and cabinet departments, all similar government
operations in the G-7 countries, as well as by supranational organizations
such as the World Bank and the International Monetary Fund.
For more information, please contact:
JAPAN
Mr Sun Jiong
Tel: +81-3-3500-5328
Email: jsun@xinhuafinance.com
HK
Ms Joy Tsang
Tel: +852 3196 3983 or +852-9486-4364
Email: joy.tsang@xinhuafinance.com
US
The Ruth Group (PR Contact in the US)
Mr Gregory Tiberend
Tel: +1-646-536-7005
Email: gtiberend@theruthgroup.com
Mr Jason Rando
Tel: +1-646-536-7025
Email: jrando@theruthgroup.com
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