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Bloomberg expands China services

25 October 2010  |  728 views  |  0 Source: Bloomberg

Bloomberg today announced the expansion of its Chinese-language Bloomberg Professional service and its real-time Chinese-language financial news service, providing its accurate and trusted business information to China's growing financial sector.

Bloomberg has established itself as a trusted financial news, data and analytics provider for China's financial markets. The Bloomberg Professional service delivers fast and reliable access to the latest financial news, market data, and economic information critical to the investment decision process, in simplified and traditional Chinese.

Bloomberg provides hundreds of translated Chinese-language business news stories daily covering stocks, bonds, foreign exchange, commodities, government regulations, real estate and other financial news from China and around the world.

The Bloomberg Professional service also offers subscribers:
*A comprehensive Chinese-language information system with extensive local and international data and search engine; *A unique fixed income platform for viewing China's corporate and government bond prices and yield curves in real-time; *A state-of-the-art platform to view China's foreign exchange, money-market and interest rate swaps in real-time; *Calculators and rate fixings for China's interest rate swap market

"We have a long-term commitment to and understanding of doing business in China, and this is our latest investment in expanding product offerings in this important market," said Peter Grauer, Chairman of Bloomberg L.P.

"Bloomberg subscribers in China have access to more extensive real-time financial news, data and analytical tools that are used by the world's most influential finance and business professionals."

Bloomberg L.P. recently announced that sales of the Bloomberg Professional service have reached an all-time high of more than 295,000 subscribers worldwide.

"Bloomberg is the information system of choice for people with the most at stake, and we are committed to providing timely financial news stories in the native languages of vital markets, especially in China, with the world's largest foreign currency reserves,'' said Matthew Winkler, Editor in Chief of Bloomberg NNews.

China is one of several countries in which Bloomberg offers local language headlines and stories in real-time, including Brazil, Germany, Japan, and Russia, demonstrating the service's continued global expansion.

Bloomberg customers in China, who work at the top financial firms, have reacted positively to the Chinese-language service:

"As a Bloomberg terminal user for 15 years, I am delighted with the everyday improving financial news service they provide us, and more today in Chinese language," said Mr. Yong WANG, Deputy General Manager of Financial Market Dept, China Construction Bank.

"I have been using Bloomberg for over ten years, and recently began to use Bloomberg resources including international and local business news via my iPhone," said Mr. Jiafu WEI, the Chairman of COSCO Group.

"I've been using Bloomberg Professional service for years, browsing the comprehensive global intelligence, financial data and company business news. I'm so excited to hear Bloomberg's plans to expand its Chinese-language financial news service, which I will benefit from even more," said Mr. Qing WU, Director of Oversea Market Development Dept, CHALCO.

Bloomberg L.P. has doubled the number of staff in China and has moved into new and expanded office space in Beijing and Shanghai.

"Our expansion in the major financial and policy hubs of China this year underlines our commitment to providing real-time breaking financial news from around the world in Chinese," said Chris Collins, Executive Editor for Bloomberg News in Asia.

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