BEIJING, Feb. 13, 2017 /PRNewswire/ -- China Finance Online Co. Limited ("China Finance Online", or the "Company", "we", "us" or "our") (NASDAQ GS: JRJC), a leading web-based financial services company that provides Chinese retail investors with online access to securities and commodities trading services, wealth management products, investment advisory services, as well as financial database and analytics services to institutional customers, today announced that its online financial platform, Yinglibao (http://8.jrj.com.cn/) has won the "2016 Annual Leading FinTech Companies" award at the 10th China Times Annual Financial Firm Award Ceremony.
In addition, China Finance Online's flagship brand name "JRJ" recently also won the "2016 Asiabrand Top 50 Beijing Internet Brands" award. According to Asiabrand, the estimated brand value of the company is significant. More details are available at http://union.china.com.cn/tbgz/txt/2017-01/09/content_9275467.htm
China Times recently hosted its 2016 annual award ceremony to recognize the leading financial institutions and companies in commercial banking, insurance, brokerage, asset management, trust, financial leasing, private equity, and FinTech. The winners were mostly Fortune Global 500 companies, financial conglomerates, technology juggernauts or household names in China. Yinglibao joined 13 other leading names to be claimed as the winners of the "2016 Leading FinTech Companies" award. The other winners in the FinTech category included Lufax, JD Finance, Paipaidai and Jimubox.
Mr. Zhiwei Zhao, Chairman and CEO of China Finance Online, commented, "We are pleased to be recognized in the class of leading Chinese FinTech companies by the market. Yinglibao was created to provide our customers with the most user-friendly access to a wide array of high-quality financial products. On Yinglibao platform, we conducted a trial launch of proprietary robo-advisory service in 2016. With the support from loyal followers on our flagship financial news portal, JRJ.com, we have witnessed phenomenal growth in user engagements and investments on our Yinglibao platform. We remain dedicated on our quest to develop more innovations and to build out our one-stop investment gateway for the vast number of retail investors in China. We are confident that we can further generate synergies among our business units to create long-term value."
China Finance Online is one of a handful of companies in China holding the license qualifies company for both Mutual Fund Distribution and Securities Investment Advisory business, issued by China Securities Regulatory Commission. Yinglibao has formed partnerships with over 80% of the mutual funds in China and has provided over 2,700 mutual fund products. In the first nine months of 2016, the total value of all products sold on the Yinglibao platform had reached $590 Million (RMB 4.05 Billion).
About China Finance Online
China Finance Online Co. Limited is a leading web-based financial services company that provides Chinese retail investors with online access to securities and commodities trading services, wealth management products, securities investment advisory services, as well as financial database and analytics services to institutional customers. The Company's prominent flagship portal site, www.jrj.com, is ranked among the top financial websites in China. In addition to the web-based securities trading platform, the Company offers basic financial software, information services and securities investment advisory services to retail investors in China. Through its subsidiary, Shenzhen Genius Information Technology Co. Ltd., the Company provides financial database and analytics to institutional customers including domestic financial, research, academic and regulatory institutions. China Finance Online also provides brokerage services in Hong Kong.
Safe Harbor Statement
This press release contains forward-looking statements which constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. The statements contained herein reflect management's current views with respect to future events and financial performance. These forward-looking statements are subject to certain risks and uncertainties that could cause the actual results to differ materially from those in the forward-looking statements, all of which are difficult to predict and many of which are beyond the control of the Company. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, this release contains the following forward-looking statements regarding:
- our prospect and our ability to attract new users;
- our prospect on building a comprehensive wealth management ecosystem through providing a fully-integrated online communication and securities-trading platform;
- our prospect on stabilization in cash attrition and improvement of our financial position;
- our initiatives to address customers' demand for intuitive online investment platforms and alternative investment opportunities; and
- the market prospect of the business of securities-trading, securities investment advisory and wealth management.
Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, which risk factors and uncertainties include, amongst others, the changing customer needs, regulatory environment and market condition that we are subject to; the uneven condition of the world and Chinese economy that could lead to volatility in the equity markets and affect our operating results in the coming quarters; the impact of the changing conditions of the mainland Chinese stock market, Hong Kong stock market and global financial market on our future performance; the unpredictability of our strategic transformation and growth of new businesses, including our commodities brokerage services; the prospect of our margin-related business and the degree to which our implementation of margin account screening and ongoing monitoring will yield successful outcome; the degree to which our strategic collaborations with partners will yield successful outcome; the prospect for China's high-net-worth and middle-class households; the prospect of equipping our customer specialists with new technology, tools and financial knowledge; wavering investor confidence that could impact our business; and possible non-cash goodwill, intangible assets and investment impairment may adversely affect our net income. Further information regarding these and other risks is included in the Company's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F under "Forward-Looking Information" and "Risk Factors". The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.
For more information, please contact:
China Finance Online
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SOURCE China Finance Online Co., Ltd.