China's official Xinhua News Agency is to launch a financial information collection station in Tokyo Stock Exchange (TSE), Asia's largest bourse in terms of volume of trading, to better provide global subscribers with data and market news.

Xinhua and TSE signed the contract of cooperation in Tokyo yesterday. According to the agreement, Xinhua will dispatch full-time journalist to station in TSE, collecting and publishing prompt and first-hand information and release them in the forms of audio, graphic, text news and multimedia news.

The two sides hoped the cooperation will enhance China and Japan's cooperation in financial information sector.

Xinhua has established such information collection station in major markets including New York, Chicago, Shanghai, and etc.

Through the platform "Xinhua 08", a comprehensive financial information service system independently developed by Xinhua, the news agency aims to serve management departments, financial institutions and enterprises with real-time market quotations, data, research tools and analysis.