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ChinaWeb's Homeway Subsidiary, The Leading China-Based Financial Services Portal, Announces Agreement With Bloomberg.


Business Editors

BEIJING--(BUSINESS WIRE)--March 9, 2000

Homeway Information and Technology Co. Ltd., a subsidiary of ChinaWeb Ltd., has reached an agreement with Bloomberg LLP LLP - Lower Layer Protocol  today that will give Bloomberg's more than 100,000 international subscribers immediate access to Homeway's Internet portal, China's leading source of online financial news and services.

Starting today, Bloomberg will feature Homeway's banner on the terminals of its global information network.

Homeway's award-winning site provides the most comprehensive Chinese-language online financial information and services. Consistently ranked as one of China's most popular sites, Homeway offers online trading, banking and other e-commerce services to China's financial services community and to China's rapidly growing Internet population.

Among its many distinctions, Homeway is the only China Securities Regulatory Commission The China Securities Regulatory Commission (CSRC) (Simplified Chinese: 中国证券监督管理委员会; Pinyin:  (CSRC CSRC Computer Security Resource Center (NIST)
CSRC China Securities Regulatory Commission
CSRC Contributing Source (telephony, real-time control protocol)
CSRC Computer Security Resource Clearinghouse
) authorized site to provide securities investment consulting services online.

Its Chinese-language website, www.homeway.com.cn, was rated the best financial and securities website in China in 1999. Last year, Homeway's parent, ChinaWeb Ltd., launched an English language website named www.chinaweb.com.

Investors and strategic partners in ChinaWeb Ltd. include: 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 CITIC China International Trust and Investment Corporation ) - 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 (ChinaBond), and China Merchants Bank.

ChinaWeb Ltd., founded in 1995, offers a broad array of services through financial portals, www.chinaweb.com and www.homeway.com, including news, real-time quotes and Internet tools. These offerings enable end-users to conduct online financial and commercial transactions in partnership with China's largest banks and financial institutions.
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Copyright 2000, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Mar 9, 2000
Words:308
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