China Finance Announces Changes in Reporting Forms

2007-08-22 22:02 694

NEW YORK, Aug. 22 /Xinhua-PRNewswire/ -- China Finance, Inc. (OTC Bulletin Board: CHFI), a provider of financial support services for China's large and rapidly expanding class of small and medium enterprises (SMEs) today announced that, as a result of registering as a closed-end investment company as of June 15th, 2007, China Finance will no longer file reports on the forms required for operating companies under the Securities and Exchange Act of 1934, such as Form 10K and Form 10Q. Instead, China Finance will file forms and reports required under the Investment Company Act of 1940 for registered investment companies, such as annual and semi-annual reports on Form N-CSR, quarterly holdings reports on Form N-Q and proxy voting reports on Form N-PX. China Finance has indicated that it is in the process of preparing its first semi-annual report on Form N-CSR, which is due to be mailed to shareholders in accordance with securities law requirements by the end of the month.

About China Finance, Inc.

China Finance, Inc. (CFI) provides financial support and services - primarily in the form of surety guarantees, loan guarantees, or short-term loans - to privately owned SMEs when they seek access to capital or to be acquired by a United States reporting company. CFI provides its services through its wholly-owned subsidiary, Shenzhen Hua Yin Guaranty and Investment Limited Liability Corporation, which is located in the financial district of Shenzhen, China.

As part of CFI's financial support and services, CFI conducts research and background investigations of its clients and requires that its clients agree to satisfy certain financial benchmarks established by CFI. In addition, CFI follows formal internal control procedures for reviewing a client's financial statements and operations. CFI brings together a management team with broad experience in loan guarantees, real estate development and investment banking. For more information, please see .

For more information, please contact:

Investor Relations Contact:

China Finance, Inc.

Wei Wei

Tel: +1-201-216-9323 ext. 106


Source: China Finance, Inc.
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