BEIJING, Sept. 8 /PRNewswire-Asia/ -- China Finance Online Co., Ltd. (“China Finance Online”,“the Company”) (Nasdaq: JRJC), the technology-driven, user-focused market leader in China in providing vertically integrated financial services and products including news, data, analytics and brokerage through web portals, software systems, and mobile handsets, today announced that the first Hong Kong-themed stock trading simulation competition officially started on September 1, 2010.
The Hong Kong Stock Exchange has authorized the Company’s subsidiary, jrj.com, to distribute real-time quotes free of charge to contest participants. Media support for this contest includes financial publications with the largest domestic viewership in China and Hong Kong such as China Securities Journal, Securities Daily, China Business News, Secutimes, as well as multimedia portals such as ifeng.com and China Times.
Participation in the contest requires registration with the jrj.com website. This event consists of three stages of progressively more competitive investment simulations. Three month-long preliminary rounds are followed by a semi-final in December, and culminating in the final stage in January 2011 to determine the winners. Common equity and derivative products are allowed for simulated trading through separate accounts during the contest.
Mr. Zhiwei Zhao, Chief Executive Officer of China Finance Online, stated, “The Hong Kong-themed stock trading simulation competition will set off great enthusiasm among investors at the Hong Kong investment market. The competition will bring together a variety of investors and provide an educational opportunity for users to have a better understanding of the equity market and stock trading. With Chinese investors becoming more conversant with different financial products and making more informed investment decisions, we believe our various websites and financial data products over the years have played a key role in contributing to the growing sophistication of Chinese investors. We will continue to strengthen our investors’ outreach program to provide investors with ongoing education and reinforcing our position as a one-stop financial information and service provider.”
About China Finance Online
China Finance Online Co., Limited is the technology-driven, user-focused market leader in China in providing vertically integrated financial services and products including news, data, analytics and brokerage through web portals, software systems, and mobile handsets. Through its web portals, http://www.jrj.com and http://www.stockstar.com, the Company provides individual users with subscription-based service packages that integrate financial and listed-company data, information and analytics from multiple sources with features and functions such as data and information search, retrieval, delivery, storage and analysis. These features and functions are delivered through proprietary software available by download, through the internet or through mobile handsets. Through its subsidiary, Genius, the Company provides financial information database and analytics to institutional customers including domestic securities and investment firms. Through its subsidiary, Daily Growth, the Company provides securities brokerage services for stocks listed on Hong Kong Stock Exchange.
Safe Harbor Statement
This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the quotations from management in this press release and the Company’s strategic operational plans and business outlook, contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. The Company believes that the Chinese economy continues to expand; however, the expansion may be uneven with certain sectors being affected more than others with resulting volatility in the Chinese equity market which could influence the Company’s operating results in the coming quarters. Further information regarding these and other risks is included in the Company’s filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.
Contact:
In China:
Julie Zhu
Investor Relations
China Finance Online Co., Ltd.
Email: ir@jrj.com
In the United States:
Shiwei Yin
Kevin Theiss
Grayling
Tel: +1-646-284-9474
Email: shiwei.yin@grayling.com
kevin.theiss@grayling.com