China Xinhua News Network Corporation (CNC), a TV news network owned by Xinhua News Agency, will broadcast in the Asia-Pacific region and some European countries, starting from January 1, 2010.

"The launch of the CNC is an important move for Xinhua to enrich the agency's business sectors, and embrace the multi-media world," Xinhua President Li Congjun said at a launching ceremony in Beijing Thursday.

The newly launched CNC World News channel will broadcast TV programs in Chinese around the clock, including news events and special news bulletins. The CNC Finance and Business channel will be launched simultaneously.

The CNC will develop to include news-related interviews, news analyses, documentaries and other information services.

The CNC World News also plans to broadcast English programs from July, 2010. News pieces in French, Spanish, Portuguese, Arabic and Russian will also be broadcast in the future.

Xinhua is working to transform itself into a multi-media world news agency. It started to provide multi-media service in Chinese in December 2008 and English multi-media service in July 2009.

"Xinhua's expanding multi-media services make it possible to set up a TV network," Li said. "We will make efforts to expand both domestic and overseas services using all kinds of networks and media including overseas TV channels, the Internet, mobile phones and LED screens."