Xinhua News Agency signed a Strategic Cooperation Framework Agreement with China Petrochemical Corporation (aka. Sinopec Group) on December 29. In the agreement China Petrochemical signed up for the “Xinhua 08” service platform, which is a financial information and trade services system that Xinhua developed. The system integrates real time news, market quotes, historic data, research tools, analytical models and financial trade into one platform. Xinhua News Agency defines its mission as “guiding” domestic public opinion and “positively influencing” international public opinion. This new agreement is the first step in an expansion of the agency’s traditional business scope to include the information services area.
Source: Xinhua, December 29, 2009