China Finance Inc. Seeks NYSE Alternext US listing

Oct 30, 2008

China Finance,Inc. (OTC Bulletin Board: CHFI) (the "Company"), a provider of financialsupport and services for China's large and rapidly expanding class of smalland medium enterprises ("SMEs"), announced today that it has submittedexchange listing application materials to the NYSE Alternext US (formerlyknown as The American Stock Exchange) for the listing of the Company's commonstock. The Company is currently quoted on the over-the-counter bulletin board.The Company's application for listing of the Company's common stock on theNYSE Alternext US is subject to review and approval by the exchange and mayrequire substantial time and further application materials before any approvalmay be effective. Further, the NYSE Alternext US may not approve theCompany's request for listing on the exchange.

Ms. Ann Yu, CEO of the Company, stated, "We view the possibility of beinglisted on the NYSE Alternext US as an opportunity for the Company to increasethe potential market for its securities. We hope to use the Company'sexperience in the U.S. market to take advantage of opportunities to provideits services and make investments in the growing Chinese market. Our goal isto work efficiently and profitably in this economic environment whiledelivering significant value to our shareholders."

About China Finance, Inc.

China Finance, Inc. provides financial support and services -- primarilyin the form of surety guarantees, loan guarantees, or short-term loans -- toprivately owned SMEs when they seek access to capital or to be acquired by aUnited States reporting company. China Finance provides its services throughits wholly-owned indirect subsidiary, Shenzhen Hua Yin Guaranty and InvestmentLimited Liability Corporation, which is located in the financial district ofShenzhen, China. The Company also directly invests in the equity of SMEsthrough its wholly-owned subsidiary, Value Global International Limited, aBritish Virgin Islands company.