China's Largest Brokerage Firms Adopt New E-Trading Platform.Business Editors BEIJING--(BUSINESS WIRE)--March 14, 2000 ChinaWeb Subsidiary Homeway Signs Strategic Partnership Agreements with Largest Securities Brokerage Firms In China ChinaWeb Ltd., China's largest and most popular online provider of bilingual financial and e-commerce clearing services, today announced that its subsidiary Homeway.com.cn has entered into strategic partnerships with 34 of China's largest securities firms and investment banks The following is a list of investment banks Financial conglomerates Large financial-services conglomerates combine commercial banking and investment banking, and sometimes insurance. . Agreements for all 34 partnerships were executed in Beijing today. Homeway's new strategic partners are some of the largest securities companies in greater China including CITIC CITIC China International Trust and Investment Corporation Securities Co., a subsidiary of China's largest diversified financial The diversified financial services segment includes a range of consumer and commercially-oriented companies offering a wide variety of products and services, including various lending products (such as home equity loans and credit cards), insurance, and securities and investment institution, and China Securities Co., a top five brokerage and securities firm in China, as well as a number of well-known securities investment advisory institutions. As stated in earlier press releases, the signing of the strategic partnerships signifies the front-end of full-scale deployment of Homeway's online trading Online Trading Making trades via the Internet. Notes: The use of online trading increased dramatically in the mid to late 1990's with the advent of high-speed computers and Internet connections. Stocks, bonds, options, futures, and currencies can all be traded online. service, the Trading Online Platform for Securities ("TOPS"), which facilitates not only the actual trading of securities online, but also the dissemination and deployment of a full range of financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. and information. Under the terms of the strategic relationships, Homeway will initially provide the platform and forum for its strategic partners to issue research and market information to their respective customers through Homeway's website, as well as through each strategic partners respective website, several of which are actually hosted and operated by Homeway. ChinaWebs' chairman, WANG Boming, stated that "the stage is now set for the full scale deployment and adoption of our trading platform, effectively creating what will become the defacto standard for e-trading and other e-commerce service in China." ChinaWeb Ltd., originally founded in 1995, offers a broad array of Internet services through its bilingual financial portals, www.chinaweb.com (English) and www.homeway.com.cn (Chinese). These services include extensive web-based e-commerce solutions, Greater China-related financial news, real-time equity, bond and Foreign Exchange quotes, free email and other Internet tools and enhancement services. These offerings enable end users and merchants to conduct online financial and commercial transactions in partnership with China's largest banks and financial institutions. ChinaWeb's Homeway portal is one of China's most popular websites - consistently ranking amongst the top ten most visited and popular sites. As China's leading financial services portal, ChinaWeb's stakeholders consist of a distinguished list of private and public sector groups including: the Stock Exchange Executive Council of China (SEEC SEEC Sociedad Española de Estudios Clásicos (Spanish Society for Classical Studies) SEEC Stop Experimentation on & Exploitation of Chimpanzees SEEC Supported Employment Enterprise Corporation SEEC Synthesis Engineering Education Coalition ) - a Beijing-based organization that has been instrumental in the development of China's capital markets; China International Trust and Investment Corporation (CITIC) - China's largest diversified financial institution; Softbank Corporation - Japan's largest Internet investment group; The South China Morning Post The South China Morning Post, together with its Sunday edition, the Sunday Morning Post, is a English-language newspaper of Hong Kong, with a circulation of 104,000. (SCMP SCMP South China Morning Post SCMP Software Configuration Management Plan SCMP Society of Corporate Meeting Professionals SCMP Stream Control Message Protocol SCMP Soft Condensed Matter Physics SCMP Society of Company Meeting Planners ) - Hong Kong's largest English language newspaper; Talisman Capital - a leading US-based private technology investment firm; and several leading Chinese organizations including the China Foreign Exchange Consulting Company, Central State Bond Registration and Clearance LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control (ChinaBond), and China Merchants Bank. |
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