On December 18, 2010, Xinhua News Agency held an opening ceremony to launch its financial information exchange. It is the first exchange that offers financial information worldwide. It plans to work with other global institutes to provide services on the trading of financial information, cultural innovation products, media news information, advertising, patent transfers, and business information.
Li Congjun, President of Xinhua, said, “Xinhua Financial Information Exchange … eventually will be the most influential financial information and cultural industry service center in the world.” Xu Feng, General Manager of the exchange, said its position is one of “exchanges of exchanges (including stock, commodities, and more).” “When the time is right, Xinhua will call for a World Exchange Conference.”
Sources: Xinhua, December 18, 2010