omniture

China Finance, Inc. Has Great Confidence in This Year's Credit Guarantee Service

2009-04-21 03:09 981

NEW YORK and SHENZHEN, China, April 21 /PRNewswire-Asia/ -- China Finance, Inc. (OTC Bulletin Board: CHFI) (the "Company"), a provider of financial support and services for China's large and rapidly expanding class of small and medium enterprises ("SMEs"), announced today that Ann Yu, CEO of the Company, had attended the "2009 People's Bank Monetary Credit and Financial Market Workshop" that was held in Chengdu on Feb 26-27, 2009. According to the main subjects and significant results of the conference, Ms. Yu stated confidently that as the initiative of the new credit policy of the People's Bank of China goes forward, China Finance, Inc. will experience very prosperous development in investment and surety guarantee loan transactions.

The 2009 People's Bank Monetary Credit and Financial Market Workshop reviewed and summarized the work of monetary credits and financial market of the People's Bank throughout 2008. It also analyzed the new situation and new challenges it is currently facing and previewed the monetary credits and financial market work for 2009.

The financial planning duty of 2009 was specifically mentioned during the conference; that is, to strengthen and improve the so called "three rural" financial service, which is to promote rural financial products and service mode innovation, to consummate rural financial service, and to support rural construction. On the other hand, it will increase the credit policy instruction dynamics; support and promote the expansion of domestic needs and improve livelihoods and economic structure adjustments; encourage and guide the allocation of credit resources in financial institutions; emphatically support people's livelihoods, infrastructure construction, energy conservation, waste reduction and ecologically-friendly building and other reconstructions of financial and service works after disasters.

Ms. Ann Yu, CEO of the Company, stated: "From this conference, we can clearly see the positive support from the People's Bank of China to the agriculture, infrastructure, ecological and energy saving industries in the aspect of credit and financial services. China Finance, Inc. has always paid attention to the changes of policies in China and deeply researches the new directions of finance, credit and investment fields in China. Moreover, the Company has already proactively deployed positively in investment and credit guarantees in these industries. I have great confidence that in 2009, China Finance, Inc. will gain better performance in concert with China's economic recovery."

About China Finance, Inc.

China Finance, Inc. 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. China Finance provides its services through its wholly-owned indirect subsidiary, Shenzhen Hua Yin Guaranty and Investment Limited Liability Corporation, which is located in the financial district of Shenzhen, China. The Company also directly invests in the equity of SMEs through its wholly-owned subsidiary, Value Global International Limited, a British Virgin Islands company.

Forward-Looking Statements

The foregoing contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements relating to expected operating results and future performance, as well as future events and developments, are forward-looking statements and are not historical in nature. Generally, the words "looking forward," "believe," "expect," "intend," "estimate," "anticipate," "likely," "project," "may," "will" and similar expressions identify forward-looking statements. The Company warns that any forward-looking statements in this release involve numerous risks and uncertainties and assumptions that may cause actual results, levels of activity, performance or achievements to differ materially from those expressed or implied by any forward-looking statement. These risks and uncertainties include, but are not limited to, the risk that the value of our portfolio securities will decline resulting in a decline in the value of the Company's stock, we might not achieve our anticipated development milestones, the market for our services will not grow as expected and we might not achieve our expectations. If these or other significant risks and uncertainties occur, or if our underlying assumptions prove inaccurate, our actual results could differ materially. While the Company is an operating company, the Company is registered as a "closed-end" investment company under the Investment Company Act of 1940, as amended, and is subject to the types of investment risks that effect investment companies. You are urged to consider the operating and investment objectives and strategies, expenses and history of the Company, along with all risks and uncertainties noted above, and to review the risk factors and financial information about the Company available in the Company's registration statement on Form N-2, and the Company's Annual and Semi-Annual Reports and other regulatory filings accessible on the SEC's website at http://www.sec.gov . In light of the uncertainty inherent in forward-looking statements, you should not consider their inclusion to be a representation that such forward-looking matters will be achieved. Moreover, pursuant to the Private Securities Litigation Reform Act of 1995, such statements speak only as of the date they were made, and the Company undertakes no obligation to update publicly any forward-looking statements, whether as a result of future events, new information or otherwise. Past performance is no guarantee of future results, and like all investments, you may lose money on an investment in the Company's stock.

Source: China Finance, Inc.
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