It is headquartered in Hong Kong, listed on the Tokyo Standard Board (9399),[2] and is engaged in the provision of financial information and services, primarily in the Chinese market.

[3] In 2013, former CEO Loretta Fredy Bush, as well as former board members Shelly S. Singhal and Dennis L. Pelino, were charged with and sentenced for conspiracy to impede the lawful functions of the Internal Revenue Service.

[citation needed] In July 2006, Mergent, a subsidiary of Xinhua Finance, purchased the business of Praedea Solutions, Inc., a developer of enterprise software for automated data extraction.

[citation needed] In June 2007, XFN announced it had agreed to sell seven of its Asia-Pacific news bureaus in Tokyo, Manila, Jakarta, Kuala Lumpur, Singapore, Sydney and Seoul to Thomson Financial, part of Canadian publisher Thomson Corp., to focus on the greater China region.

[9] The shareholders of Xinhua Holdings used private equity funds and offshore companies to hide the true ownership structure.