Xinhua Finance subsidiary Beijing Alpha Financial Engineering Co., Ltd. ("Beijing Alpha"), the first and leading company engaged in the development of financial engineering and risk management systems in China, today announced the launch of Version 3.0 of its proprietary Jiu'an Risk Management and Performance Evaluation System ("Jiu'an V3.0").
Tokyo-listed Xinhua Finance (TSE Mothers: 9399 and OTC: XHFNY) is China's unchallenged leader in financial information and media.
Combining an advanced international risk management approach and Beijing Alpha's implementation experience and research expertise, this upgrade marks a major breakthrough in the provision of a flexible, open architecture risk management platform to the Chinese financial markets.
Jiu'an V3.0 is designed with an open architecture and flexible settings, allowing unprecedented agility in adapting to diverse asset class and management requirements. Furthermore, it minimizes tedious and repetitive manual operations by custom tailoring user-friendly tools that are specially designed for today's research and development professionals.
Mr. Cheng Bing, the General Manager of Beijing Alpha, said, "China's rapid development in financial innovation, systematic restructuring and regulatory change poses a great challenge to the risk management systems and market adaptiveness of financial market participants. Fortunately, they now have Jiu'an V3.0, which both eases their burdens and preserves their competitive edges."
Mr. Cheng added, "Upon joining Xinhua Finance, the risk management and key performance indicators evaluation systems of Beijing Alpha effectively enrich Xinhua Finance's indices service line offerings. As an indispensable part of making investment decisions and creating financial products, this upgraded system will also have great appeal to Xinhua Finance's index service users."
"Moreover, Xinhua Finance's corporate strategies and global view match with our own managerial concepts, in that we are both devoted to integrate international expertise with local practice. Thus, the support from the group company will undoubtedly consolidate Beijing Alpha's leading position in the market and improve our service to clients," Cheng said.