Xinhua Financial Network (XFN), partly owned by the Xinhua News Agency, plans a second overseas listing next year to facilitate further expansion and become a diversified print-to-television media group.
'We will look to do some kind of cross-listing a year from now,' XFN chief executive and founder Fredy Bush said. 'Hong Kong or United States makes sense for us.'
The two locations were also considered for its initial listing before the Hong Kong-based company settled on Japan last month.
XFN went public last month on the Tokyo Stock Exchange's Mothers Board, making it the first Chinese company to list in Japan. Net proceeds from the listing amounted to about US$30 million. Its share price rose more than 20 per cent but has since fallen back to its issue price.
The company was established in 1999 and has been granted a 20-year monopoly by Xinhua - which holds a 6.4 per cent stake - over its market data and exclusive distribution rights outside China.
XFN now provides China financial news to more than 1,000 global clients including HSBC Holdings and Goldman Sachs. It also offers credit ratings, indices, and investor relationship services.