A joint venture between Talisman Investment Capital of the US, top Hong Kong newspaper the South China Morning Post, a Singapore consortium and the Securities Exchange Executive Council of China has launched the first bilingual Greater China financial news and analysis web site called ChinaWeb.com. The site will provide news coverage and analysis of the equities, bonds, foreign exchange and investment funds markets, as well as investor community services such as message boards.
ChinaWeb.com will evolve into a virtual financial community with an e-commerce platform to unite and involve all those interested in doing business in, and with, Greater China, said Wang Boming, chairman of holding company ChinaWeb.
ChinaWeb is the majority shareholder of Homeway, which provides information on China’s economy and markets via its homeway.com.cn site. The site recorded more than 16 million page views last month and ranked among the top five web sites in China.
Zhang Zhifang, ChinaWeb’s president, said the company planned to expand into on-line personal finance management and securities trading services as early as the first quarter of next year. We will try to build it into a financial information service web site with community service features, and finally aim to create a financial e-trading and e-commerce platform, Zhang said. The web site will generate revenue from advertisements and on-line trading transactions, he said.
