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DALLAS, TX--(Marketwire - October 22, 2009) - Halter Financial Group (HFG) today announced the expansion and relocation of its Shanghai Representative Office to the HSBC Building in the Shanghai International Financial Center.
'This current expansion allows us room to grow from 20 employees to 35 employees which we intend to do over the next 18 months,' said Tim Halter, Chairman of Halter Financial Group. 'We have committed only to a two-year lease for this new office, as it is very likely that we will need to expand again at that time to accommodate our planned growth. In China if you are not growing quickly, you will be left behind.'
HFG began its operations in China in June 2003 with two employees in a small office in the Jin Mao Tower in the Pudong district of Shanghai. To accommodate its rapid growth, HFG Shanghai moved into a 20-person office within the Jin Mao Tower just 18 months later.
'We are extremely pleased with the rapid expansion of our China operations,' stated Mr. Halter. 'We have seen tremendous growth in our China business as an ever increasing number of investors in the U.S. are seeking ways to invest in China. Our direct investment strategy has been very successful and well received by investors in the U.S., and we believe that China continues to be the place that offers the best opportunities now and in the years to come.'
About Halter Financial Group
The Halter Financial Group is an integrated financial services company with a focus on financial consulting and asset management. HFG is a recognized leader in the China investment sector given the ability to use its trademarked APO® (Alternative Public Offering) process to provide Chinese companies with capital and a direct listing on a U.S. Stock Exchange. HFG also created and operates the only index that tracks the performance of Chinese companies that trade in the U.S. markets -- the Halter USX China Index®. HFG's China focused investment activities include a proprietary independently managed hedge fund product that makes direct investments into private Chinese companies in conjunction with a U.S. public listing, an actively managed open-end mutual fund and an exchange traded fund based on our Halter USX China Index®. HFG is headquartered in the U.S. and maintains an office in Shanghai with over 20 employees.
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