Reuters strengthens its asset management content with China data and research
Shanghai – Reuters (LSE: RTR, NASDAQ: RTRSY) has strengthened its research and asset management content with new research reports and Reuters fundamental and business intelligence data for about 1400 active equity listed companies in China.
Alexander Hungate, Reuters Asia Managing Director said: “The Chinese
asset management industry is growing rapidly in size and sophistication. At the
same time, overseas investors are seeking more information about Chinese
companies. This enhancement to our services means that we now provide the best
services for research and asset management companies investing in China.”
The new data and research is complemented by a continuing and rapid expansion in
Reuters news from China in both English and Chinese. Reuters provides the most
comprehensive, fastest cover of new issues, daily in-depth analysis of industry
sector trends and opportunities, and focused coverage of regulatory change and
market liberalisation, allowing investors to time their strategies efficiently
and to be first to know when it happens.
Reuters also gives the international asset manager unmatched access to real-time
reporting and analysis about political and economic change in China, which
provides the essential context to assess investment risk.
The new content package will also include company information with five-year
financials and Shanghai Stock Exchange and Shenzhen Stock Exchange
announcements. Reuters China has successfully built on the database of Reuters
Estimates for the public listed companies on China A-share market.
The information on China companies will be integrated with Reuters Knowledge (RK),
a comprehensive web-based research and analytics desktop solution. In addition,
RK users will also have access to China broker and independent research reports
from 12 major local securities firms in China.
They include China Galaxy Securities Co., Ltd. Guotai Junan Securities Co.,
Ltd., Haitong Securities Co.,Ltd., CITIC Securities Co., Ltd., Everbright
Securities Co., Ltd., China Merchants Securities Co., Ltd., United Securities
Co., Ltd., Orient Securities Co., Ltd., Shenzhen Stock Exchange Research
Institute and China Beijing Equity Exchange.
Serena Wang, Reuters China managing director said: “The build up of professional in-depth company fundamental and research data supports the need to meet global demand for reliable information on Chinese listed companies.”
To support these securities firms in China, Reuters has also set up exclusive pages on its premium desktop, Reuters 3000 Xtra to display IPO pre-listing of Chinese companies in the Hong Kong market.
This information will provide institutional investors with valuable input for them to plan their cash flow requirements for a potential IPO. The IPO pre-listing Information includes subscription date, deal size, number of shares offering, allotment options and tentative price.
In the next 10 years, the total Asset Under Management in China is set to
surge to almost 3 trillion USD from about 340 billion USD. Foreign direct
investment into China rose in January this year by 11 percent from a year
earlier, to $4.55 billion, according to the The Commerce Ministry in China. In
all of 2005, China drew $60.3 billion in actual FDI, against $60.6 billion a
year ago.
Ends
Media Contacts:
Liam Hwee Tay
Head of Corporate Communications
Reuters Asia
+65 8703028 +65 98193895
Liam.tay@reuters.com
Yasmeen Khan Tel: + 44 207 542 0496
Reuters media relations Mobile: + 44 7990 560496
yasmeen.khan@reuters.com
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