Rumor: China Finance Net to List in 2010

Sohu IT, 8/12/08

An industry source has revealed that China Finance Net recently received USD 60 mln in funding. CEO He Shihong says China Finance Net will ‘definitely'; raise capital and that the amount of capital will exceed USD 60 mln. China Finance Net plans to list on the NYSE in 2010, and hopes to receive investment from petroleum and energy resource funds.

China Finance Net primarily provides users with financial data and data products, as well as offering credit and investment services for SMEs, and investment and management services for SME project and product transactions in close cooperation with the People';s Bank of China and the China Development Bank.

Keywords: China Finance Net online financial information funding He Shihong Bank of China China Development Bank Internet investment NYSE SME IPO

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