 In 2010 the Hong Kong incorporated Xinhua/FTSE Limited was sold to FTSE Group.The shareholders of Xinhua Holdings used private equity funds and offshore companies to hide the true ownership structure.Although Xinhua News Agency did declared subsidiaries owned equity stakes in Xinhua Finance before 2007, the agency did not disclosed the full detail either, but announcing they did not have any stake any more from 2007 and any new business relationship between Xinhua Finance and the agency must under the law.