China Finance, Inc. Has Great Confidence in This Year's Credit Guarantee Service
April 21 2009 - 9:00AM
PR Newswire (US)
NEW YORK and SHENZHEN, China, April 21 /PRNewswire-Asia/ -- China
Finance, Inc. (OTC:CHFI) (BULLETIN BOARD: CHFI) (the "Company"), a
provider of financial support and services for China's large and
rapidly expanding class of small and medium enterprises ("SMEs"),
announced today that Ann Yu, CEO of the Company, had attended the
"2009 People's Bank Monetary Credit and Financial Market Workshop"
that was held in Chengdu on Feb 26-27, 2009. According to the main
subjects and significant results of the conference, Ms. Yu stated
confidently that as the initiative of the new credit policy of the
People's Bank of China goes forward, China Finance, Inc. will
experience very prosperous development in investment and surety
guarantee loan transactions. The 2009 People's Bank Monetary Credit
and Financial Market Workshop reviewed and summarized the work of
monetary credits and financial market of the People's Bank
throughout 2008. It also analyzed the new situation and new
challenges it is currently facing and previewed the monetary
credits and financial market work for 2009. The financial planning
duty of 2009 was specifically mentioned during the conference; that
is, to strengthen and improve the so called "three rural" financial
service, which is to promote rural financial products and service
mode innovation, to consummate rural financial service, and to
support rural construction. On the other hand, it will increase the
credit policy instruction dynamics; support and promote the
expansion of domestic needs and improve livelihoods and economic
structure adjustments; encourage and guide the allocation of credit
resources in financial institutions; emphatically support people's
livelihoods, infrastructure construction, energy conservation,
waste reduction and ecologically-friendly building and other
reconstructions of financial and service works after disasters. Ms.
Ann Yu, CEO of the Company, stated: "From this conference, we can
clearly see the positive support from the People's Bank of China to
the agriculture, infrastructure, ecological and energy saving
industries in the aspect of credit and financial services. China
Finance, Inc. has always paid attention to the changes of policies
in China and deeply researches the new directions of finance,
credit and investment fields in China. Moreover, the Company has
already proactively deployed positively in investment and credit
guarantees in these industries. I have great confidence that in
2009, China Finance, Inc. will gain better performance in concert
with China's economic recovery." About China Finance, Inc. China
Finance, Inc. provides financial support and services -- primarily
in the form of surety guarantees, loan guarantees, or short-term
loans -- to privately owned SMEs when they seek access to capital
or to be acquired by a United States reporting company. China
Finance provides its services through its wholly-owned indirect
subsidiary, Shenzhen Hua Yin Guaranty and Investment Limited
Liability Corporation, which is located in the financial district
of Shenzhen, China. The Company also directly invests in the equity
of SMEs through its wholly-owned subsidiary, Value Global
International Limited, a British Virgin Islands company.
Forward-Looking Statements The foregoing contains forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. Statements relating to expected operating
results and future performance, as well as future events and
developments, are forward-looking statements and are not historical
in nature. Generally, the words "looking forward," "believe,"
"expect," "intend," "estimate," "anticipate," "likely," "project,"
"may," "will" and similar expressions identify forward-looking
statements. The Company warns that any forward-looking statements
in this release involve numerous risks and uncertainties and
assumptions that may cause actual results, levels of activity,
performance or achievements to differ materially from those
expressed or implied by any forward-looking statement. These risks
and uncertainties include, but are not limited to, the risk that
the value of our portfolio securities will decline resulting in a
decline in the value of the Company's stock, we might not achieve
our anticipated development milestones, the market for our services
will not grow as expected and we might not achieve our
expectations. If these or other significant risks and uncertainties
occur, or if our underlying assumptions prove inaccurate, our
actual results could differ materially. While the Company is an
operating company, the Company is registered as a "closed-end"
investment company under the Investment Company Act of 1940, as
amended, and is subject to the types of investment risks that
effect investment companies. You are urged to consider the
operating and investment objectives and strategies, expenses and
history of the Company, along with all risks and uncertainties
noted above, and to review the risk factors and financial
information about the Company available in the Company's
registration statement on Form N-2, and the Company's Annual and
Semi-Annual Reports and other regulatory filings accessible on the
SEC's website at http://www.sec.gov/ . In light of the uncertainty
inherent in forward-looking statements, you should not consider
their inclusion to be a representation that such forward-looking
matters will be achieved. Moreover, pursuant to the Private
Securities Litigation Reform Act of 1995, such statements speak
only as of the date they were made, and the Company undertakes no
obligation to update publicly any forward-looking statements,
whether as a result of future events, new information or otherwise.
Past performance is no guarantee of future results, and like all
investments, you may lose money on an investment in the Company's
stock. DATASOURCE: China Finance, Inc. CONTACT: China Finance,
Inc., Roger Wei, +1-212-823-0534,
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