NEW YORK, NY -- (MARKET WIRE) -- 08/23/06 -- China Securities Daily along with the China Securities Industry Association today named New York Global Group (NYGG) the best foreign investment banking firm servicing China's small and medium-sized enterprises (SME). The award was given to NYGG China staff at the 2006 China Securities Industry Annual Conference held today at the Great Hall of the People, Beijing, China.

The annual conference is sponsored by China Securities Daily and led by the China Securities Regulatory Commission, which is China's regulatory body appointed to oversee the securities market domestically. The conference was significant as it focused on the development, innovation, reform and opening of China's securities markets in an age of international integration.

Head of investment banking for NYGG China, Mr. Ming Li commented in Beijing: "With almost a decade of experience servicing China's SME market, we have established ourselves as the authority on providing comprehensive investment banking and advisory services to China's fast growing private sector corporate clients. We are pleased to be part of a growing number of foreign investment banks actively participating in the development of China's industry and economic development."

New York Global Group's legal counsel Michael Beckman, Esq. as well as Mr. James Garner, the 61st President of US Conference of Mayors, were present in Beijing during the award ceremony.

About New York Global Group

New York Global Group (NYGG) is a full-service global investment banking and strategic consulting firm with almost a decade of experience and expertise in bridging the cultural and regulatory gaps between the U.S. and Chinese markets. NYGG provides investment banking and institutional equity research services in the U.S. through its subsidiary New York Global Securities, Inc. (NYGS). In China, NYGG provides investment banking, research, due diligence and market entry-related services through its Beijing subsidiary New York Global Capital Investment Consulting, Ltd. (NYGC China), which has one of the largest due diligence staff among all U.S. firms doing business in China. NYGG has strategic partnerships with the Central Bank of China and AIU Shenzhen Branch, among other major financial institutions in the region. For more information visit: www.nyggroup.com

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