NWLL Message Board - Msg: 12535314

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To: Lucky888 who wrote (236)	1/11/2000 12:20:00 PM
From: Francois Goelo	Read Replies (2) of 265

Yeah, you missed on a good bearish Point! BUT, IT'S NOT SO EASY.... By: andrewchien Reply To: None Tuesday, 11 Jan 2000 at 10:33 AM EST Post # of 1449 Relation between XINHUA News Agency and XINHUA Holding Limited. The Holding are managed by the people who have very close relation to the News Agency, and the top leaders of China. Most of them are sons and daughters of the top leaders. They can deal with foreign companies in a flexible way. They distribute part of their profits to the News Agency. However, in legal case, they are not the News Agency. A lot of the Chinese reform are doing in this manner to avoid the bureaucratic regulations.A lot of the websites of China are managed by these organizations. The important thing is the Holding to exercise their options in New Tel. Patience.

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