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China Finance Online Hosts Hong Kong-Themed Stock Trading Simulation Competition
BEIJING, Sept 08, 2010 /PRNewswire via COMTEX/ --
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
SOURCE China Finance Online Co., Ltd.
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