Today, Fredy Bush, the CEO of Xinhua Finance and Xinhua Finance Media Limited (XFML), released a letter to counter the recent media coverage of “the mystery of Xinhua Finance”. Quote the letter:
— Over the years the media has criticized Xinhua Finance as being too
close to the Xinhua News Agency and the government of China; now they
are criticizing us for not being close enough. The fact is, we have a
20 plus 10 year exclusive agreement signed in 2000 with the China
Economic Information Service of the Xinhua News Agency and that has not
changed. This has been publicly disclosed on numerous occasions.