China's growing awareness to control market info.?

The $600 million, already big and still fast growing Chinese stock market catches more and more attention not only internationally but also domestically. A few months ago, Xinhua News Agency announced its exclusive right to disseminate Chinese market information. Foreign data-providers like Bloomberg and Reuters were told to stop colleting such data.

And a few days ago Shanghai Stock Exchange won the lawsuit against Xinhua FTSE over the use of its instant data. A penalty of $20,000 imposed on XFI and the contract stopped. Some say it shows China's growing concious to protect Intellectual Property, while many believe it a competition over the control of information integral to making them work.

To improve the free information flow in public domain following the global trend as what the premier had promised, or keep concentrating on profits, is kind of a dilemma for China's policy maker.