The Xinhua News Agency (XNA) and the Shanghai Stock Exchange (SSE) further expanded their cooperation as the XNA Financial Information Platform established on the SSE its first Financial Information Collection Station ever on the domestic capital market on November 4.
Before, the Platform had already entered Wall Street, with an information collection station on the New York Stock Exchange (NYSE). XNA Vice President Lu Wei, SSE Governor Geng Liang inaugurated the Station.
It is learned that full-time journalists will be dispatched to the SSE upon the establishment of the Station for collecting and publishing promptly the first-hand financial information on the Shanghai securities market. According to the "XNA, SSE Framework Agreement on All-round Cooperation" signed by the XNA and the SSE this May in Beijing, the two parties will cooperate widely and closely in such fields as financial information services to build a news collection and publication mechanism for deep cooperation in fields of commercial data and information products. Through the channels and platforms including the "Xinhua 08", a comprehensive financial information service system independently developed by the XNA, efforts will be made to popularize the key information and data on the Shanghai securities market to cultivate the market, educate investors and make deep information research. Besides, they will also work together in information technology and talent exchange.
As a national project in accordance with the "Outline of Cultural Development for the 'Eleventh Five-Year Plan'", the XNA Financial Information Platform is a comprehensive financial information service system, serving as a terminal for providing real-time information, market quotations, historical data, research tools and analysis models for economic management departments, financial institutions and large/medium enterprises in their transactions of bonds, foreign exchanges, stocks, gold, futures and property rights both at home and abroad.
On October 20, the Shanghai Headquarters of XNA Financial Information Platform was inaugurated in the Lujiazui Finance & Trade Zone in Pudong District to boost the construction of Shanghai's international financial center and upgrade the efficiency of financial information collection. It is a vital move for the Headquarters to set up the Station on the SSE. Following its successful move into the Wall Street with a station on the NYSE for timely collection of daily financial information, the XNA is also planning to establish more stations on other key elements markets both at home and abroad.