China Finance Online Launches New Product Targeting Institutional Investors

BEIJING, Jan. 17 /Xinhua-PRNewswire/ -- China Finance Online Co. Limited (Nasdaq: JRJC - News), a leading Chinese online financial information and listed company data provider, announced today the launch of CFO Pro, the first product developed by China Finance Online targeting sophisticated institutional investors. CFO Pro aggregates live financial news, market commentaries and up-to-date industry reports and is an integrated service platform providing comprehensive Chinese financial information and database. China Finance Online collaborates with over 300 Chinese media and publishers and over 100 financial institutions to compile the database. The service platform will be priced at $5,000/year.

''The launch of the CFO Pro is a strategic move,'' said Jun Ning, CEO of China Finance Online. ''Our customers have expanded from individuals to the high-end institutions. CFO Pro nicely complements our current business and marks an important step in our efforts to penetrate the international institutional investors market.''

The financial institutions that participated in the beta test of CFO Pro were enthusiastic for the product. ''This is what we have expected,'' said Jun Ning. ''As one of the fastest growing economy, China's insatiable for crude oil, steel, construction material has significant impact on the global financial market. There is therefore a demand for in depth Chinese financial information and analysis and CFO Pro is the first of its kind to meet such demand. CFO Pro aims to provide our institutional clients a comprehensive and effective platform stay abreast of the rapidly changing financial market in China.''