China Ventures Inc. Announces the Launch of Bank Simulation Training in China.

Business Editors

VANCOUVER, British Columbia--(BUSINESS WIRE)--Jan. 9, 2002

China Ventures Inc. (CDNX:CHV.) (CVI) is pleased to announce the company has launched an innovative bank simulation training program for China's financial service sector and has started to generate revenue from its operations in China.

In October of 2001 CVI launched a new training program for junior bankers and university graduates at its computer equipped training facilities in Beijing. The program, which has been endorsed by China's Ministry of Personnel, utilizes computer simulations that mimic the management of a commercial bank providing students with an understanding of the factors that both drive and constrain a bank's operation. The use of simulation training combined with a group orientated lecture format is new to China and response to this program has been exceptional.

"Through the training I have a much better understanding of commercial banks, including their function of lending and deposit services supplied as well as asset and liability management. Although I've been working in a bank for many years, the simulation training gave me a complete picture about the operation of a bank," said Ms.Lin Xin, 33, a graduate of the program from Construction Bank of China.

"It's a completely new way of learning about banking, it is very helpful for those soon to be graduating, as it will help them conduct practical work shortly after graduation," said Dr.Yang Yi, a graduate of the program and an associate professor from the Beijing United University, "I hope the program can be introduced and offered directly on our campus."

CVI intends to capitalize on the success of this program by increasing the number of participants through the offering of a number of courses concurrently and hopes to develop other simulation training programs in the near future.

"It has taken time for the public to fully understand the benefits and practical results achieved through simulation training, as it a very new way of learning in China," said Yan Tian, the CVI's Program Manager in Beijing, "Now that we have momentum our banking simulation is selling itself and has a very bright future in China."

As part of its training initiatives, CVI has also developed a lecture based program in partnership with the California State University (CSU) which is targeted at senior bank employees. CVI is currently marketing the program in China, and is slated to kick-off its inaugural session in Beijing during March of 2002.

CVI is also actively developing programs for other market sectors, including EFL or English as a Foreign Language, which continues to be a very strong market in China and is an area in which the CSU has significant resources.

"With the admission of China into the WTO, the securing of the 2008 Olympics by Beijing and the tremendous change occurring as China moves to a freer market economy, education and training have surfaced as key areas for success," said Chengfeng Zhou, Chairman of China Ventures Inc., "Our initial focus is in the financial sector which has over 2 million employees. With our broad range of partners in China and North America, we feel we will be able to become a leading training provider in several other sectors providing an ever increasing revenue from a diversified market base."

About China Ventures Inc.

China Ventures Inc. is a company focused on providing much needed educational solutions to various segments of the Chinese economy in an effort to assist in China's globalization and movement to an open market economy. The company works with leading North American education providers and institutions to provide quality educational programs and course materials to its growing client base in China.

The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This press release contains certain forward-looking statements that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

Ron Shon, President

China Ventures Inc.