A financial information Web site has been launched in Hong Kong to provide Asian investors and financial advisers with up-to-date comprehensive news and data. The site [ www.iii-asia . com], launched by British-based Interactive Investor, provides a free service which includes the performance history of more than 6,000 offshore funds, of which 1,500 are in Hong Kong. Users can access news from more than 4,000 sources, and prices and performances of about 15,000 investments. Up to 40 per cent of information is expected to be in Chinese in a few months. Interactive Investor chairman Sherry Coutu said the Asian financial turmoil had given the service an opportunity to expand to the region. 'People do need to diversify their risks and this is a perfect tool. It's much easier and a lot cheaper.'