Shihua to Deliver China’s Inter-bank Market Data in China
First Domestic Information Service Provider
Authorized by China Foreign Exchange Trade System

Shanghai, November 2, 2006 –China Foreign Exchange Trading System & National Inter-bank Funding Center (CFETS) and Shihua Financial Information have established a strategic alliance and entered into agreement for the provision of the Chinese inter-bank market data on the Shihua information service platform. CFETS is a subsidiary of the People’s Bank of China (PBoC). This alliance marks the first Chinese domestic financial information service provider to be authorized by the CFETS.

CFETS has authorized distribution of its Renminbi, foreign currency inter-bank data products to a domestic financial information service provider for the first time. As the only organization licensed to provide inter-bank foreign exchange trading service in China, CFETS has marked a new phase in financial innovation and further development of the financial market.

In authorizing Chinese inter-bank market data to Shihua, CFETS Vice President, Dou Jian Zhong said: This marks a constructive process in cooperation with domestic information service providers. Through Shihua Financial Information, more institutions and individuals will access CFETS data and information, contributing to the advancement of inter-bank data services.

As the first authorized information service provider in mainland China to distribute CFETS data, Shihua’s General Manager Cheng Chi-Hung said: Shihua Financial Information and CFETS strategic cooperation marks a new beginning for the legal distribution of inter-bank data. Through mutual cooperation, Shihua has customized a new product line, i-cube for bankers. On this dual-monitor state-of-the art information terminal, Shihua will deliver, in addition to its real-time financial information and analysis service, Renminbi, Forex Spot, SWAP, Forward, Shibor,bond, inter-bank FX data to institutions and professionals. We are pleased to announce this strategic cooperation with CFETS, and look forward to furthering our joint commitments to advance China’s financial markets and contribute to the international standardization process.

About Shihua Financial Information

【Shihua Financial Information】 is a leading financial information service in China, owned and operated by Shihua International Financial Information Co. Ltd.. 【Shihua Financial Information】 services provide real-time and archived financial information, data, pricing, professional research and objective analysis to financial institutions, professional investors, and corporate leaders in China, Integrating state of the art technology, it is the most comprehensive financial information platform in China, covering information in the domestic and international futures, bonds, stock, FOREX markets, as well as key domestic industries, thus connecting the Chinese financial sector to global standards and the international marketplace. It commands controlling market share in the futures information market and FOREX information market in China. Shihua’s “i-cube” product series provides information solutions specifically designed for banks as well as their clients, equity and futures market participants, enterprises as well as individual investors. “i-cube” product series are essential investment tools for investors, corporate executives and strategic decision makers in China to plan investment strategies, analyze industry trend, forecast outlook in the domestic market, as well as to further understanding of the international marketplace, global standards in order to become globally competitive. Shihua International Financial Information Co., Ltd., established in 1993, has established an information and sales support network covering about 20 key cities nationwide, including Shanghai, Dalian, Guangzhou, Shenzhen. Headquartered in Beijing with about 400 professionals, 【Shihua Financial Information】 commands leadership position in the financial information market.

About The China Foreign Exchange Trade System

The China Foreign Exchange Trade System (CFETS), founded in April 1994, is also known as the National Inter-bank Funding Center, a sub-institution of the People's Bank of China (PBoC). Its main functions include: providing systems for foreign exchange (FX) trading, RMB lending and bond trading; organizing inter-bank FX trading, RMB lending and bond trading; handling settlement and clearing of FX trading; prompting the clearing of RMB lending and bond trading; providing an online commercial paper (CP) quotation system; providing information on the FX, bond and money markets; and engaging in other businesses authorized by the PBoC.

With its head office in Shanghai and its back-up center in Beijing, CFETS has 18 sub-centers in Guangzhou, Shenzhen, Tianjin, Jinan, Dalian, Nanjing, Xiamen, Qingdao, Wuhan, Chongqing, Chengdu, Zhuhai, Shantou, Fuzhou, Ningbo, Xi'an, Shenyang and Haikou. The websites http://www.chinamoney.com.cn and http://www.chinacp.com.cn are its subsidiaries.