 Xinhua Financial Network Limited (XFN) was incorporated in Hong Kong in November 1999, by a Samoa incorporated company "Xinhua Finance Holdings Limited".In late 2000, XFN established joint venture with FTSE Group, forming the Xinhua-FTSE Index Series (for example FTSE China A50 Index).In 2004, a Cayman Islands incorporated holding company Xinhua Finance Limited was formed.