Reuters adds China data

The Chinese company information will be integrated with Reuters Knowledge, the UK vendor’s web-based research and analytics desktop solution. The package will also include five-year financial information on Chinese companies, and announcements from the Shanghai and Shenzhen stock exchanges.

Reuters Knowledge will also source local broker and independent research reports from 12 domestic securities firms, including China Galaxy Securities and Citic Securities.

“The Chinese asset management industry is growing rapidly in size and sophistication. At the same time, overseas investors are seeking more information about Chinese companies,” said Alexander Hungate, managing director for Reuters Asia in Hong Kong.

To support the Chinese securities firms, Reuters has set up exclusive IPO pre-listing pages of mainland China companies in the Hong Kong market on its Reuters 3000 Xtra desktop. Pre-listing information will include details of the IPO, such as subscription date and tentative price. Reuters hopes this will help institutional investors plan their cashflows.

Serena Wang, managing director of Reuters China, said: “The build-up of professional in-depth company fundamental and research data supports the need to meet global demand for reliable information on Chinese listed companies.”

According to Reuters’ information, total assets under management in China will increase to $3 trillion in the next 10 years.