Stone & McCarthy Now Available on Reuters

New York, NY - 29 October 2007

Stone & McCarthy Research Associates (SMRA), a part of the news division of Xinhua Finance (TSE Mothers: 9399), has announced its partnership with Reuters. The parties have launched a syndication deal that will make SMRA’s content available to Reuters users.

“We are pleased to announce this long-awaited partnership,” said Ward McCarthy, economist and managing director of SMRA. “It is essential that our content be readily available to our customers, and with a leader in the financial information industry such as Reuters, we can reach and benefit a larger audience.”

Andrew Hausman, Reuters’ Global Head of Fixed Income said “as part of our ongoing effort to provide premium specialist service, we are pleased to give clients the opportunity to access Stone and McCarthy research. “

SMRA’s sister company, Market News International (MNI), the leading real-time electronic newswire dedicated to the global fixed-income and foreign exchange markets, became available on the Reuters platform in 1994. Reuters customers will now have access to content from both SMRA and MNI, gaining comprehensive analysis of the fixed income, foreign exchange, and equity markets.

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