Released on = June 26, 2007, 7:32 pm

Press Release Author = William J Hallenbeck/China Finance Centre

Industry = Financial

Press Release Summary = Recent Legal Actions Filed Against Xinhua Finance Media
(NasdaqGM: XFML) Lead CFC's China Business Watch To Suspend Stock's SAQ Rating
Rating



Press Release Body = CHINA FINANCE CENTRE, the New York based multimedia and trade
exposition center expanding business ties between China and the United States, has
announced that it has suspended further ratings of the performance of Xinhua Finance
Media (NasdaqGM: XFML). The SAQ Ratings are set by editors of China Business Watch,
the CFC publication that rates the performance of China based companies.

Xinhua, a diversified media company in China, operates of five divisions: Media
Production, Broadcasting, Print, Advertising, and Research. Over the last two weeks,
nine law firms have announced that they have filed class action lawsuits against
Xinhua Finance. The lawsuits allege that Xinhua and certain of its officers and
directors with violations of the Securities Act of 1933 and the Securities Exchange
Act of 1934, including the failure to disclose and misrepresention of material
adverse facts. On May 21, 2007, Barron\'s published an article on Xinhua which
reported that the Registration Statement for the IPO failed to disclose that
Xinhua\'s Chief Financial Officer, Shelly Singhal, was simultaneously the company\'s
CFO and an investment banker and stockbroker, who ran a securities firm that had
been under regulatory scrutiny in the past year.

These events have led to the issuance of the following statement by CFC:
"In view of the serious nature of the legal filings against Xinhua Finance Media
(NasdaqGM: XFML), China Business Watch SAQ Ratings Service has suspended the
company's SAQ Rating status until further definitive information is made available
and assessed."

The Statistical Analysis Quotient Rating (SAQ) Service is an exclusive feature of
China Finance Centre that monitors the performance of over 300 stocks of companies
with operations in China. The SAQ Report tracks and rates the stocks against a
matrix of comparative performance factors, including fundamentals, technical
analysis, liquidity, safety, regulatory compliance and timely filings, shareholder
relations, and U.S. Trading Market Qualifications. The SAQ rates company performance
on a 1-10 scale. SAQ Ratings are published weekly in China Business Watch and
updated daily in CBW Daily Ratings Alert service. The ratings and publications can
be found at the CFC Web Portal- www.chinafc.net.



Web Site = http://www.chinafc.net

Contact Details = For additional information contact:
William L. Hallenbeck
CFC President
515Madison Ave (2306)
New York, NY 10022
Dir Tel 914-588-0216
Email: wjhalle@attg.net