BEIJING, Dec. 15, 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 trading services, wealth
management products, investment advisory services, as well as
financial database and analytics services to institutional
customers, today announced the signing of a strategic cooperation
agreement with a Top 20 leading brokerage firm in China, China Investment Securities Co., Ltd.
("CISC" or "China Investment Securities").
Pursuant to the strategic cooperation agreement, China Finance
Online will provide CISC with China Finance Online' s proprietary
cloud-based software products for CISC's investment advisory and
wealth management services. In addition, both parties also agreed
to hold co-branded events and co-developed training programs for
CISC's wealth management advisors.
Mr. Zhiwei Zhao, CEO and Chairman
of China Finance Online commented, "We firmly believe that
technology empowerment will unlock the potential of financial
advisors and wealth management professionals for the large equity
capital market in China. We are
excited to partner with the three-time winner of Best Investment
Advisor Services to raise the bar of the wealth management industry
in China."
China Investment Securities Co., Ltd. (CISC), formerly known as
China Jianyin Investment Securities Co., Ltd., is a nationwide
full-service investment bank and brokerage firm based in
Shenzhen. Acquired in late 2016,
CISC is a subsidiary of China International Capital Corporation
(CICC). Established in 2005, CISC posted a total revenue of
RMB 4.38 billion in 2016 with over
3,700 employees spread out in 28 provinces in China. In 2016, CISC's total asset was ranked
No. 19 in China. CISC was the
winner of the "Best Investment Advisor Service Brand" by the
Securities Times in three consecutive years from 2014 to 2016.
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 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, changing customer needs, regulatory
environment and market conditions that we are subject to; the
uneven condition of the world and Chinese economies 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, mainland Chinese
precious metals exchanges, Hong
Kong stock market and global financial markets on our future
performance; the unpredictability of our strategic transformation
and growth of new businesses; the prospect of our margin-related
business and the degree to which our implementation of margin
account screening and ongoing monitoring will yield successful
outcomes; the degree to which our strategic collaborations with
partners will yield successful outcomes; the prospects for
China's high-net-worth and
middle-class households; the prospects 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
impairments 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
+86-10-8336-3100
ir@jrj.com
Kevin Theiss
+1 (212) 521-4050
kevin.theiss@awakenlab.com
View original
content:http://www.prnewswire.com/news-releases/china-finance-online-and-china-investment-securities-sign-strategic-cooperation-to-develop-intelligent-finance-technology-to-empower-investment-advisory-services-300571940.html
SOURCE China Finance Online Co., Ltd.