U.S. Securities and Exchange Commission
                             Washington, D.C. 20549



                                   FORM 10-QSB


 [X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
     EXCHANGE ACT OF 1934 for the quarterly period ended
     September 30, 2002

 [ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
     ACT OF 1934 for the transition period from _______ to _______

                        COMMISSION FILE NUMBER 000-27301

                        HUADING FINANCIAL NETWORKS, INC.
        (Exact name of small business issuer as specified in its charter)


        Nevada                                        91-1932118
  (State or other jurisdiction of           (IRS Employer Identification No.)
   incorporation or organization)



 37/F, ShenFang Plaza, No. 3005, Renmin Road South, Shenzhen 518005, P.R. China
                    (Address of principal executive offices)

                                (86) 755-82352093
                           (Issuer's telephone number)



Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days. Yes |X| No [ ]

Number of shares of common stock outstanding as of September 30, 2002:13,200,000



<PAGE>  2


                         PART I -- FINANCIAL INFORMATION

                         Item 1. Financial Statements.

                        HUADING FINANCIAL NETWORKS, INC.
                             COMBINED BALANCE SHEETS
                  AS OF SEPTEMBER 30 2002 and DECEMBER 31 2001
<TABLE>
<CAPTION>
<S>                                                                          <C>                  <C>

                                                                          September 30,         December 31,
                                                                              2002                 2001
                                                                         ---------------      ---------------
                                                                           (unaudited)           (audited)
     ASSETS                                                                     $                    $

CURRENT ASSETS
     Cash                                                                        133,791               68,955

PROPERTY AND EQUIPMENT                                                           183,912              261,317

OTHER ASSETS                                                                      24,020               38,704
                                                                              ----------            ---------

     TOTAL ASSETS                                                                341,723              368,976
                                                                              ==========            =========

     LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES
     Other payables and accrued expenses                                         449,966              246,685
     Note payable                                                                191,515                    -
     Amounts due to related parties                                            2,601,707            2,191,055
                                                                               ---------            ---------
        Total current liabilities                                              3,243,188            2,437,740

COMMITMENTS

STOCKHOLDERS' EQUITY
     Common stock, par value $0.001 per share,
        authorized 75,000,000 shares, issued and
        outstanding 13,200,000 shares at September
        30, 2002 and December 31, 2001                                            13,200               13,200
     Additional paid-in capital                                                  686,800              686,800
     Accumulated deficit                                                      (3,601,465)          (2,768,764)
                                                                              ----------           ----------

     TOTAL STOCKHOLDERS' EQUITY                                               (2,901,465)          (2,068,764)
                                                                              ----------           ----------

     TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY
                                                                                 341,723              368,976
                                                                             ===========          ===========
</TABLE>


The accompanying notes are an integral part of these financial statements.



<PAGE>  3


                        HUADING FINANCIAL NETWORKS, INC.
                        COMBINED STATEMENT OF OPERATIONS
      FOR THE 3 MONTH AND 9 MONTH PERIODS ENDED SEPTEMBER 30, 2002 AND 2001
<TABLE>
<CAPTION>
<S>                                 <C>                 <C>                 <C>                  <C>


                                           3 Months ended                        9 Months ended

                                 September 30,       September 30,       September 30,       September 30,
                                     2002                2001                 2002                2001
                               ----------------    -----------------    ---------------     -----------------
                                 (unaudited)         (unaudited)         (unaudited)           (unaudited)
                                      $                   $                   $                     $

General and administrative
expenses                               (183,404)           (272,545)          (819,337)           (853,105)
                                       ---------           ---------          ---------           ---------

    OPERATING LOSS                     (183,404)           (272,545)          (819,337)           (853,105)

   Other income (expense)
     Others                                 244                  21                598                 936
     Interest expense                    (3,902)             (7,337)           (13,962)            (12,537)
                                       ---------           ---------         ----------          ----------
                                         (3,658)             (7,316)           (13,364)            (11,601)

Net loss before income taxes           (187,062)           (279,861)          (832,701)           (864,706)

Provision for income taxes                    -                   -                  -                   -

    NET LOSS                           (187,062)           (279,861)          (832,701)           (864,706)
                                       =========           =========          =========           =========

Basic and diluted loss per
common share:                             (0.01)              (0.02)             (0.06)              (0.07)
                                       =========           =========          =========           =========

Weighted average common
shares outstanding basic and
diluted                               13,200,000          13,200,000         13,200,000          13,200,000
                                      ==========          ==========         ==========          ==========


</TABLE>


The accompanying notes are an integral part of these financial statements.





<PAGE>  4


                        HUADING FINANCIAL NETWORKS, INC.
                        COMBINED STATEMENTS OF CASH FLOWS
               FOR THE 9 MONTHS ENDED SEPTEMBER 30, 2002 AND 2001
<TABLE>
<CAPTION>
<S>                                                     <C>                    <C>

                                                              9 Months ended
                                                     September 30,         September 30,
                                                         2002                   2001
                                                   ------------------    ------------------
                                                      (unaudited)           (unaudited)
                                                           $                     $

(Decrease) Increase in cash

Cash flows from operating activities:
   Net loss                                             (832,701)             (864,706)

   Adjustments to reconcile net loss to net
   cash provided by (used in)operating activities:

   Depreciation and amortization                          77,405                80,895

   Change in assets and liabilities:
     (Increase) Decrease in other assets                  14,684                (6,633)
     Increase in amount due to related
     parties                                             410,652               769,222
     Increase in other payables and
     accrued expenses                                    360,781                28,255
                                                       ---------             ---------
       Net cash provided by (used in)
       operating activities                               30,821                 7,033

Cash flows from investing activities:
     Purchases of property and equipment                       -               (11,803)
                                                       ---------             ---------

Cash flows from financing activities:
     Proceeds from promissory note                        34,015                     -
                                                       ---------             ---------

Net increase (decrease) in cash                           64,836                (4,770)

Cash at beginning of period                               68,955               127,967
                                                       ---------             ---------

Cash at end of period                                    133,791               123,197
                                                       =========             =========
Supplemental disclosures of cash flow
information:
       Cash paid during the period for:
         Interest                                         13,962                12,537
                                                       =========             =========
         Income taxes                                          -                     -
                                                       =========             =========

</TABLE>

The accompanying notes are an integral part of these financial statements.


<PAGE>  5


                        HUADING FINANCIAL NETWORKS, INC.
           NOTES TO INTERIM COMBINED FINANCIAL STATEMENTS (UNAUDITED)


1.       BASIS OF PRESENTATION

         The accompanying unaudited interim combined financial statements of
         Huading Financial Networks Inc. (the "Huading" or the "Company") have
         been prepared in accordance with generally accepted accounting
         principles for interim financial information and with the instructions
         to Form 10-QSB and Rule 10-01 of Regulation S-X. Accordingly, certain
         information and note disclosures normally included in the financial
         statements presented in accordance with generally accepted accounting
         principles have been condensed or omitted. The year-end condensed
         balance sheet data was derived from audited financial statements, but
         does not include all disclosures required by generally accepted
         accounting principles.

         The Company believes the disclosures made are adequate to make the
         information presented consistent with past practices. However, these
         interim combined financial statements should be read in conjunction
         with the consolidated financial statements and notes thereto included
         in the Company's annual report on Form 10-KSB for the fiscal year ended
         December 31, 2001.

         In the opinion of the Company, the accompanying interim combined
         financial statements reflect all adjustments and reclassifications
         (which include only normal recurring adjustments) necessary to present
         fairly the financial position of the Company as of September 30, 2002
         and December 31, 2001, the results of its operations for the three and
         nine months ended September 30, 2002 and 2001 and its cash flows for
         the nine months ended September 30, 2002 and 2001. Interim results are
         not necessarily indicative of the results that may be expected for the
         full year.

2.       HISTORY, ORGANIZATION AND SHARE EXCHANGE

         Based in Shenzhen, People's Republic of China (PRC), the Company was
         established as a separate, unincorporated, division (the "Huading
         Division") of Huading Financial Information Holdings Co. Ltd. ("Huading
         Holdings") on November 1, 1999.

         The Huading Division was established to develop a financial news
         website for the PRC market. The site provides free financial news and
         information. Huading Holdings and other related parties financed the
         website's development.

         In January 2000, Huading Holdings and other related parties
         incorporated Huading Financial Networks Limited ("Huading Hong Kong")
         in Hong Kong. Huading Holdings and the other related parties received
         127,050,000 shares (75%) and certain third parties received 42,350,000
         shares (25%) for US$500,000 in cash plus a commitment to purchase an
         additional $5 million of Huading Hong Kong stock by June 1, 2000. The
         shares under the commitment were issued and held in escrow pending
         receipt of the $5 million. The shares were not purchased by June 1,
         2000, hence, in accordance with the commitment agreement; the shares
         reverted back to Huading Holdings' control.


<PAGE>  6

                        HUADING FINANCIAL NETWORKS, INC.
           NOTES TO INTERIM COMBINED FINANCIAL STATEMENTS (UNAUDITED)


         In February 2000, Huading Hong Kong incorporated, as a wholly owned
         subsidiary, Huading Network Technology (Shenzhen) Limited ("Huading
         Network") in the PRC. Huading Holdings contributed the Huading
         Division's net assets to Huading Network.

         In March 2000, Huading Hong Kong and all of its shareholders executed a
         share exchange agreement whereby all of the issued and outstanding
         shares of Huading Hong Kong were to be exchanged for 10 million shares
         of common stock of Centrock Incorporated ("Centrock"), a Nevada
         corporation, with shares quoted on the OTC Bulletin Board, but with no
         material operations and $200,000 in cash. As stipulated in the share
         exchange agreement, Centrock raised $200,000 prior to the share
         exchange by the issuance of 200,000 shares of Centrock stock at $1 a
         share. In May 2000, Centrock's shareholders approved the share exchange
         transaction. Simultaneously with their approval of the share exchange,
         the Company's shareholders approved the change of the Company's name
         from Centrock Incorporated to Huading Financial Networks, Inc. In July
         2000, Centrock issued 10 million shares to the shareholders of Huading
         Hong Kong in exchange for their shares in Huading Hong Kong and these
         shares were placed in escrow for the benefit of Centrock. However,
         certain significant actions were not completed resulting in a delay to
         the closing of the transaction. The actions resulting in the delay to
         the closing of the share exchange transaction included Centrock's
         failure to cancel five million shares of its common stock and Huading
         Hong Kong's delay in delivery of its shares to Centrock. On June 12,
         2002, the Company entered into an addendum to the original share
         exchange agreement, which stipulated that the aforementioned incomplete
         actions would be completed immediately. The share exchange closed on
         June 14, 2002.

         Although the share exchange was not closed until June 14, 2002, the
         financial statements have reflected the share exchange as if it had
         occurred on the date Centrock's shareholders approved the transaction.
         The Company's management believes that this treatment reflects the true
         substance of the transaction and the nature of the Company's
         operations. In addition, although the Company has not taken possession
         of Huading Hong Kong's stock, the Company is the legal and beneficial
         owner of the shares.

         As a result of the merger, the shareholders of Huading Hong Kong
         received the majority of the voting shares of the combined entity.
         Accordingly the transaction was accounted for as a reverse acquisition,
         whereby Huading Hong Kong was considered the accounting acquirer.
         Therefore, the historical financial statements of Huading Hong Kong and
         Huading Network became those of Centrock. On this basis the financial
         statements include the accounts of Huading, Huading Hong Kong, and
         Huading Network as of and for the years ended December 31, 2001 and
         2000 and Huading Division for the period from November 1, 1999
         (inception) to December 31,1999.

         As required by the United States Securities and Exchange Commission,
         Regulation S-B, the financial statements include the operations of
         Huading Division as if it was a separate legal entity for the period
         ended December 31, 1999.



<PAGE>  7

                        HUADING FINANCIAL NETWORKS, INC.
           NOTES TO INTERIM COMBINED FINANCIAL STATEMENTS (UNAUDITED)


3.       DESCRIPTION OF BUSINESS AND LIQUIDITY

         Currently the Company provides free financial news and information to
         users of chinahd.com, the Company's Chinese language web site. The
         website's users principally reside in the People's Republic of China
         (PRC). The Company's revenue model calls for the sale of website
         advertising.

         The Company has incurred significant operating losses and has not
         earned revenue nor received cash from operations since its inception.
         In addition, as of September 30, 2002, the Company has negative working
         capital of $3.1 million. These factors raise substantial doubt about
         the Company' ability to continue as a going concern. The consolidated
         financial statements do not contain any adjustment that might result
         from the outcome of this uncertainty.

         Currently the Company's operations are funded primarily through
         advances from related companies. The Company's revised business model
         calls for the Company to earn revenues from traditional forms of media,
         such as television programs. Specifically in June 2002 and as amended
         in September 2002, Huading Network entered into a Comprehensive Service
         Agreement ("CSA") with Shenzhen Huading Financial TV & Broadcasting
         Co., Ltd. ("Huading TV"), a related company incorporated in the PRC,
         for the provision of television related services. The Company's revised
         business model has yet to be put into operation and there can be no
         assurances that the plan will prove successful. In addition, the
         Company is required to obtain $5 million in registered capital for
         Huading Network. As stipulated in the CSA, Huading TV would be allowed
         to terminate the CSA if Huading Network's business license is revoked
         due to the Company's failure to inject the registered capital and
         Huading Network fails to assign the CSA to another wholly owned foreign
         entity of the Company in the PRC. Also under the CSA, Huading TV could
         terminate the agreement if the Company does not raise at least $1
         million by December 31, 2002. The termination of the CSA could
         adversely impact the Company's ability to earn revenues from the
         television business.

         As a result of the share exchange, the Company is required to pay Hong
         Kong stamp duty. The Company anticipates paying the stamp duty by
         December 31, 2002. While the Company anticipates the amount of the
         stamp duty will be substantially less, it is possible that the duty
         could be as high as $1,237,500.

         The Company has initiated cost cutting measures and is also seeking
         additional funding through equity financing. There can be no assurances
         that such additional funding will be available to the Company.

         In February 2002, the Company entered into an agreement with SBI E2
         Capital (USA), Inc. ("SBI") for a private placement in the Company's
         common stock not to exceed US$3.5 million. Among other provisions, the
         agreement engages SBI as the Company's financial advisor for one year.
         There are no assurances that the private placement will be successful.

<PAGE>  8


                        HUADING FINANCIAL NETWORKS, INC.
           NOTES TO INTERIM COMBINED FINANCIAL STATEMENTS (UNAUDITED)


         As of September 2002, Softbank Investment International (Strategic)
         Limited ("Softbank") and the Company agreed to terminate the Memorandum
         of Understanding dated June 2002 for the exchange of shares of the
         Company for shares of Morningstar Asia Limited that are currently owned
         by Softbank.

4.       CREDIT FACILITY AND PROMISSORY NOTE

         Effective September 9, 2002, the Company entered into a credit facility
         agreement (the "Facility") and a maximum $250,000 promissory note (the
         "Note") with a third party vendor (the "Vendor"). The Facility allows
         for the Vendor to provide certain professional services to the Company
         on credit. All future professional services provided on credit are
         automatically included in the Note if not paid by the Company within 10
         days of receipt of an invoice for the services. In addition, the Note
         includes approximately $157,500 in previously unpaid professional
         services. The outstanding balance of the Note accrues interest at 7%
         per annum.

         The Facility expires one-month after the completion of the Company's
         private placement or in the event of default. The Facility includes
         several events of default whereby the Note shall become immediately due
         and payable to the Vendor. Upon the expiration of the Facility, the
         Note plus accrued interest will be due and payable within 5 days.

         The Company's president and Shenzhen Golden Harvestment  Co. Ltd., a
         shareholder, have guaranteed 25% and 75%, respectively, of the Note by
         pledging shares of the Company's common stock that they currently own.

         As of September 30, 2002, the Company owed $191,515 on the Note.




<PAGE>  9



Item 2.  Management's Discussion And Analysis Or Plan Of Operation

         Cautionary Statement for Purposes of the "Safe Harbor" Provisions of
the Private Securities Litigation Reform Act of 1995. The following Management's
Discussion and Analysis or Plan of Operations should be read in conjunction with
the Notes to the Interim Combined Financial Statements included in Part I, Item
1, of this report. All statements, other than historical facts, included in the
following discussion regarding our financial position, business strategy, and
plans of management for future operations are "forward-looking statements."
These statements are based on management's beliefs and assumptions, and on
information currently available to management. Forward looking statements
include, but are not limited to, statements in which words such as "expect",
"anticipate", "intend", "plan", "believe", "estimate", "consider", or similar
expressions are used. Forward-looking statements are not guarantees of future
performance. They involve risks, uncertainties, and assumptions, including the
risks discussed below.

         The "Risk Factors" in our Form 10-KSB Annual Report for the year ended
December 31, 2001 are incorporated herein by reference. Our actual results and
stockholder values may differ materially from those anticipated or expressed in
these forward-looking statements. Many of the factors that will determine these
results and values are beyond our ability to control or predict. Readers of this
report are cautioned not to put undue reliance on any forward-looking statement.
We undertake no obligation to publicly update these forward-looking statements,
whether as a result of new information, future events or otherwise.

         As used in this report, the terms "we," "us," "our" and "Huading" mean
Huading Financial Networks, Inc., our subsidiaries Huading Financial Network
Limited ("Huading Hong Kong"), Huading Network Technology (Shenzhen) Limited
("Huading Network"), and our affiliate Shenzhen Huading Financial TV and
Broadcasting Co. Ltd. ("Huading TV"), unless otherwise indicated. References to
"China" or "PRC" refer to the People's Republic of China and do not include the
Hong Kong Special Administrative Region, the Macau Special Administrative Region
or Taiwan.

Plan of Operations

         Based in Shenzhen, PRC, we were founded in 1999 as a division of
Shenzhen Huading Financial Information Holdings Co., Ltd., or Huading Holdings.
The division was created for the purpose of developing a financial news and
information website for the PRC. In February 2000, Huading Holdings contributed
our assets to Huading Network, which soon after became a subsidiary of Huading
Hong Kong. In March 2000, Huading Hong Kong and all of its shareholders executed
a share exchange agreement whereby all of the issued and outstanding shares of
Huading Hong Kong were to be exchanged for 10 million shares of common stock of
Centrock Incorporated, a Nevada corporation, with shares quoted on the OTC
Bulletin Board but with no material operations. Although in July 2000, Centrock
issued the 10 million shares and the shareholders of Huading Hong Kong placed
their shares in escrow for the benefit of Centrock, certain important actions
were never completed resulting in a delay to the closing of the transaction. An
addendum to the share exchange agreement was signed on June 12, 2002 and the
share exchange closed on June 14, 2002. Pursuant to the addendum, we agreed to
pay the stamp duty associated with the exchange of Centrock shares for the
shares of Huading Hong Kong. The Hong Kong stamp duty rate varies and changes
from year to year as determined by the Hong Kong authorities. The stamp duty
must be paid to the Hong Kong Inland Revenue Department and, as of June 2002,
was equal to 0.1% of the amount of the consideration received for the Huading
Hong Kong shares, the 10 million shares of Centrock. We believe the stamp duty
to be approximately $800 based on the Huading Hong Kong's net assets as of June
2002. However, no assurance can be given that the Hong Kong Inland Revenue
Department will share our view and could deem the share exchange to have


<PAGE>  10

occurred at an earlier date. In that event, the stamp duty could be based on the
trading price of Centrock shares on the date the transaction was deemed
completed and at the then applicable stamp duty rate. Further, a late penalty of
up to 10 times the stamp duty may be assessed for late stamping. For example, if
the taxing authorities were to determine the value of the consideration based on
the trading price of Centrock shares on May 16, 2000, the stamp duty and penalty
could amount to over $1.238 million. We believe that if the Hong Kong stamp duty
authorities deem the transaction to have occurred at an earlier date, that the
maximum penalty of 10 times the duty would not be assessed. However, at this
time, we are unable to reasonably estimate the amount of duty we will eventually
pay. We anticipate that the stamp duty will be paid and the shares of Huading
Hong Kong will be released from escrow prior to December 31, 2002.

         The share exchange resulted in Huading Hong Kong becoming a subsidiary
of Centrock and was accounted for as a reverse acquisition, with Huading Hong
Kong considered the accounting acquirer. As a result, the business and
historical financial statements of Huading Hong Kong and Huading Network became
those of Centrock and we changed our name from Centrock Incorporated to Huading
Financial Networks, Inc. to reflect our current business.

         We are currently undergoing several changes to our business. Our
revenue model for our Internet business calls for website advertisement.
However, as of the year ended December 31, 2001, we have not generated revenue
from our Internet operations.

         In May 2002, we revised our business model to generate advertising
revenue from traditional sources of media. As part of our revised business
model, Huading Network entered into a comprehensive service agreement with
Huading TV. Under the terms of the service agreement we provide Huading TV with
ancillary services to the production of television programming such as
production facilities, equipments, support staff, technical service and
software. In return for our services, we will receive service fees equal to our
costs for performing such services and royalty payments equal to 80% of the
earnings, before interest, tax, depreciation and amortization (EBITDA), applying
U.S. GAAP accounting standards, of Huading TV. We believe that we will generate
revenues by the end of fiscal year 2002. Our ability to generate revenues under
this agreement will depend on our success in marketing these television programs
to local television stations, in providing them to additional television
stations, and in our ability to generate advertising revenues from these
programs. Since this is a new area of business activity for us, we are not able
to provide an accurate forecast of the revenues that may be generated in 2002 or
beyond, or what the composition of these revenues will be.

         We plan to continue our operations by utilizing the revenues generated
from the television business pursuant to our service agreement. In addition,
under the terms of the service agreement with Huading TV, we plan to expand our
television programs by adding additional television shows. The service agreement
requires that we raise $1 million through equity or debt financing by December
31, 2002. Any additional equity financing may be dilutive to our stockholders,
and debt financing, if available, may involve restrictive covenants with respect
to dividends raising capital and other financial and operational matters that
could restrict our operations or finances. In the event that we are unable to
raise the required financing, the service agreement may be terminated by either
party upon sixty days notice. If the service agreement is terminated we would
lose our sole source of revenue, and without an alternative source of
significant revenue our business and financial condition would be materially and
adversely affected.



<PAGE>  11


         Our operations to date have been funded by loans received from a number
of related parties. We expect further funds to be made available as required
over the next twelve months to allow us to continue to meet our operating and
cash requirements. The loans that we have received to date do not have any fixed
repayment terms. In the event that further funds are not made available and we
are unable to raise adequate financing through the sale of our stock or issue of
debt, there will be a material adverse impact on our business and our ability to
expand our television program business.

         In the event that we are able to raise financing through the sale of
our stock or convertible debentures during the next twelve months then we expect
that the existing loans that have been received from related companies or
related parties will be restructured with fixed interest and repayment terms, or
converted into stock, or convertible debentures. Depending on the outcome of
negotiations with these lenders this may lead to dilution of the existing
stockholders, or restrictive covenants that could restrict our finances.

         The television business is a mature business and no further work is
currently planned for the further development of our Chinahd.com website. As a
result we do not expect there to be any significant investment in research and
development over the coming twelve months.

         The staff employed in the development maintenance and marketing of our
web site has been reduced from 80 as of September 2001 to 45 by the end of
December 31, 2001. This number has been further reduced to 7 by the end of April
30, 2002. We do not expect there to be any significant increase in the number of
full time employees engaged in this part of the business in the next twelve
months.

         In June 2000 we completed our move to newly refurbished office
premises. This office is adequate for our current operations. As a result we do
not expect there to be any significant investment in fixed assets, leasehold
improvements or fixtures and fittings in the next twelve months.

Result of Operations

         We derived no revenues from our operations for the three and nine
months ended September 30, 2002 and 2001. We incurred administrative expense of
$183,404 and $819,337 for the three and nine months ended September 30, 2002 as
compared to $272,545 and $853,105 for the three and nine months ended September
30, 2001. Primarily most of these expenses relate to legal and professional
fees, salaries and employee related costs, office rent, depreciation, and
marketing fees.

Liquidity And Capital Resources

         As of December 31, 2001 and 2000, we had negative working capital of
approximately $2,330,081 and $1,211,998. We have not generated any revenues
since our inception. Historically, we have funded our operations from the sale
of our common stock and advances from related parties. The following table shows
the amount of loans received from related parties as of December 31, 1999, 2000
and 2001, and as of September 31, 2002:


<PAGE>  12

<TABLE>
<CAPTION>
<S>                                                       <C>           <C>            <C>            <C>


                                                                               Total Advances

Related Parties                                           9/30/2002     12/31/2001     12/31/2000     12/31/1999
---------------                                           ---------     ----------     ----------     ----------
Shenzhen Huading Financial Information
         Holdings Co., Ltd.                                $697,879       $785,410       $769,752       $137,894
Shenzhen Huading Financial TV and
         Broadcasting Co., Ltd.                            $258,758       $310,597       $286,943          Nil
Huading Market Information Co.  Ltd.                       $180,621       $102,841          Nil            Nil
Mr. Yeung Ning                                             $304,377       $163,351       $ 60,500          Nil
Shenzhen Golden Harvestment Co., Ltd.                      $822,806       $828,856       $ 96,800          Nil
Li Shuzhong                                                $277,701          Nil            Nil            Nil
Yeung Jin Bor                                              $ 58,080          Nil            Nil            Nil
Huading Information Union                                  $  1,452          Nil            Nil            Nil

</TABLE>

         The loans from the related parties are all unsecured and without fixed
repayment terms. They also carry various interest rates from 0.0% to 10%.
However, no assurances can be made that the related parties will continue to
make advances to fund our operations.

         In addition, in March 2000, we raised approximately $200,000 from the
sale of 200,000 shares of our common stock to one foreign investor and Huading
Hong Kong raised an additional $500,000 from two investors for 8,470,000
ordinary shares of Huading Hong Kong which was subsequently exchanged for
500,000 shares of our common stock.

         Net cash used in operating activities totaled $59,012 during the year
ended December 31, 2001 and $127,967 during the year ended December 31, 2000.
Net cash used during the years ended December 31, 2001 and 2000 primarily
related to our net losses from operating activities of $1,214,295 and
$1,443,983, respectively. The net losses during fiscal years 2001 and 2000 were
primarily offset by related party loans of $977,058 and $1,076,103,
respectively.

         We will require additional working capital to fund our operations. In
addition, under the terms of the service agreement with Huading TV, we plan to
expand our television programs by adding additional television shows. As a
result, we are required to raise $1 million through equity or debt financing by
December 31, 2002. Any additional equity financing may be dilutive to our
stockholders, and debt financing, if available, may involve restrictive
covenants with respect to dividends raising capital and other financial and
operational matters that could restrict our operations or finances. In the event
that we are unable to raise the required financing, the service agreement may be
terminated by either party upon sixty days notice. If the service agreement is
terminated we would lose our sole source of revenue, and without an alternative
source of significant revenue our business and financial condition would be
materially and adversely affected. We have engaged an investment banker to
assist in raising additional capital for our operation. However, no assurance
can be given that we will be successful in raising the necessary capital for our
operations. In the event that we are unable to obtain adequate financing, there
will be a material adverse effect on our abilities to meet our business
objectives.



<PAGE>  13


         In September 2002, the Company entered into a credit facility agreement
(the "Facility") and a maximum $250,000 promissory note (the "Note") with a
third party vendor (the "Vendor"). The Facility allows for the Vendor to provide
certain professional services to the Company on credit. All future professional
services provided on credit are automatically included in the Note if not paid
by the Company within 10 days of receipt of an invoice for the services. In
addition, the Note includes approximately $157,500 in previously unpaid
professional services. The outstanding balance of the Note accrues interest at
7% per annum.

         The Facility expires one month after the completion of the Company's
private placement or in the event of default. The Facility includes several
events of default whereby the Note shall become immediately due and payable to
the Vendor. Upon the expiration of the Facility, the Note plus accrued interest
will be due and payable within 5 days.

         The Company's president and Shenzhen Golden Harvestment Co. Ltd., a
shareholder, have guaranteed 25% and 75%, respectively, of the Note by pledging
shares of the Company's common stock that they currently own.  As of
September 30, 2002, the Company owed $191,515 on the Note.

Item 3.  Controls and Procedures

         Within the 90 days prior to the date of this Form 10-QSB, the Company's
president and chief financial officer carried out an evaluation of the
effectiveness of the design and operation of the Company's disclosure controls
and procedures pursuant to Exchange Act Rule 13a-14. Based upon that evaluation,
the Company's president and chief financial officer concluded that the Company's
disclosure controls and procedures are effective in timely alerting them to
material information relating to the Company (including its consolidated
subsidiaries) required to be included in this Form 10-QSB.

         There were no significant changes in the Company's internal controls or
in other factors that could significantly affect the Company's disclosure
procedures subsequent to the date of their evaluation, nor were there any
significant deficiencies or material weaknesses in the Company's internal
controls. As a result, no corrective actions were required or taken.

                           PART II. OTHER INFORMATION

Item 1.  Legal Proceedings

None.

Item 2.  Changes In Securities

None.

Item 3.  Defaults Upon Senior Securities

None.

Item 4.  Submission Of Matters To A Vote Of Security Holders

None.


<PAGE>  14


Item 5.  Other Information

None.

Item 6.  Exhibits And Reports On Form 8-K

         (a)      Exhibits

                  99.1     Certification of the President
                  99.2     Certification of the Chief Financial Officer

         (b)      Reports on Form 8-K

                  None.


<PAGE>  15


                                   SIGNATURES


         In accordance with the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.

                                        Huading Financial Networks, Inc.


Date: November 12, 2002                 /s/ LI SHUZHONG
                                        -------------------------------------
                                        Li Shuzhong, President



Date: November 12, 2002                 /s/ LI HAIDONG
                                        -------------------------------------
                                        Li Haidong, Chief Financial Officer


<PAGE>



                           CERTIFICATIONS PURSUANT TO
                               SECTION 302 OF THE
                           SARBANES-OXLEY ACT OF 2002
                CERTIFICATION FOR QUARTERLY REPORT ON FORM 10-QSB


I, Li Shuzhong, president of Huading Financial Networks, Inc., certify that:

         1. I have reviewed this quarterly report on Form 10-QSB of
Huading Financial Networks, Inc.;

         2. Based on my knowledge, this quarterly report does not contain any
untrue statement of a material fact or omit to state a material fact necessary
to make the statements made, in light of the circumstances under which such
statements were made, not misleading with respect to the period covered by this
quarterly report;

         3. Based on my knowledge, the financial statements, and other financial
information included in this quarterly report, fairly present in all material
respects the financial condition, results of operations and cash flows of the
registrant as of, and for, the periods presented in this quarterly report;

         4. The registrant's other certifying officer and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have:

             a) designed such disclosure controls and procedures to ensure
         that material information relating to the registrant, including its
         consolidated subsidiaries, is made known to us by others within those
         entities, particularly during the period in which this quarterly report
         is being prepared;

             b) evaluated the effectiveness of the Registrant's disclosure
         controls and procedures as of a date within 90 days prior to the filing
         date of this quarterly report (the "Evaluation Date"); and

             c) presented in this quarterly report our conclusions about the
         effectiveness of the disclosure controls and procedures based on our
         evaluation as of the Evaluation Date;

         5. The registrant's other certifying officer and I have disclosed,
based on our most recent evaluation, to the registrant's auditors and the audit
committee of registrant's board of directors (or persons performing the
equivalent function):

             a) all significant deficiencies in the design or operation of
         internal controls which could adversely affect the registrant's ability
         to record, process, summarize and report financial data and have
         identified for the registrant's auditors any material weaknesses in
         internal controls; and

             b) any fraud, whether or not material, that involves management or
         other employees who have a significant role in the Registrant's
         internal controls; and

<PAGE>


         6. The registrant's other certifying officer and I have indicated in
this quarterly report whether or not there were significant changes in internal
controls or in other factors that could significantly affect internal controls
subsequent to the date of our most recent evaluation, including any corrective
actions with regard to significant deficiencies and material weaknesses.

Date: November 12, 2002                          /s/ LI SHUZHONG
                                                 -----------------------------
                                                 Li Shuzhong, President




<PAGE>


                           CERTIFICATIONS PURSUANT TO
                               SECTION 302 OF THE
                           SARBANES-OXLEY ACT OF 2002
                CERTIFICATION FOR QUARTERLY REPORT ON FORM 10-QSB


I, Li Haidong, chief financial officer of Huading Financial Networks, Inc.,
certify that:

         1. I have reviewed this quarterly report on Form 10-QSB of Huading
Financial Networks, Inc.;

         2. Based on my knowledge, this quarterly report does not contain any
untrue statement of a material fact or omit to state a material fact necessary
to make the statements made, in light of the circumstances under which such
statements were made, not misleading with respect to the period covered by this
quarterly report;

         3. Based on my knowledge, the financial statements, and other financial
information included in this quarterly report, fairly present in all material
respects the financial condition, results of operations and cash flows of the
registrant as of, and for, the periods presented in this quarterly report;

         4. The registrant's other certifying officer and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have:

             a) designed such disclosure controls and procedures to ensure
         that material information relating to the registrant, including its
         consolidated subsidiaries, is made known to us by others within those
         entities, particularly during the period in which this quarterly report
         is being prepared;

             b) evaluated the effectiveness of the Registrant's disclosure
         controls and procedures as of a date within 90 days prior to the filing
         date of this quarterly report (the "Evaluation Date"); and

             c) presented in this quarterly report our conclusions about the
         effectiveness of the disclosure controls and procedures based on our
         evaluation as of the Evaluation Date;

         5. The registrant's other certifying officer and I have disclosed,
based on our most recent evaluation, to the registrant's auditors and the audit
committee of registrant's board of directors (or persons performing the
equivalent function):

             a) all significant deficiencies in the design or operation of
         internal controls which could adversely affect the registrant's ability
         to record, process, summarize and report financial data and have
         identified for the registrant's auditors any material weaknesses in
         internal controls; and

             b) any fraud, whether or not material, that involves management or
         other employees who have a significant role in the Registrant's
         internal controls; and

<PAGE>


         6. The registrant's other certifying officer and I have indicated in
this quarterly report whether or not there were significant changes in internal
controls or in other factors that could significantly affect internal controls
subsequent to the date of our most recent evaluation, including any corrective
actions with regard to significant deficiencies and material weaknesses.

Date: November 12, 2002                     /s/ LI HAIDONG
                                            ---------------------------------
                                            Li Haidong, Chief Financial Officer



<PAGE>


                                                                Exhibit 99.1

                           CERTIFICATION OF PRESIDENT
            PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002
             (SUBSECTIONS (a) AND (b) OF SECTION 1350, CHAPTER 63 OF
                          TITLE 18,UNITED STATES CODE)

         Pursuant to section 906 of the Sarbanes-Oxley Act of 2002 (subsections
(a) and (b) of section 1350, chapter 63 of Title 18, United States Code), the
undersigned officer of Huading Financial Networks, Inc., a Nevada corporation
(the "Company"), do hereby certify with respect to the Quarterly Report of the
Company on Form 10-QSB for the quarter ended September 30, 2002 as filed with
the Securities and Exchange Commission (the " Form 10-QSB") that, to the best of
his knowledge:

              (1) the Form 10-QSB fully complies with the requirements of
         section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

              (2) the information contained in the Form 10-QSB fairly
         presents, in all material respects, the financial condition and results
         of operations of the Company.


Dated: November 12, 2002                     /s/ LI SHUZHONG
                                             --------------------------------
                                             Li Shuzhong, President



<PAGE>


                                                                 Exhibit 99.2

                    CERTIFICATION OF CHIEF FINANCIAL OFFICER
            PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002
             (SUBSECTIONS (a) AND (b) OF SECTION 1350, CHAPTER 63 OF
                          TITLE 18,UNITED STATES CODE)

         Pursuant to section 906 of the Sarbanes-Oxley Act of 2002 (subsections
(a) and (b) of section 1350, chapter 63 of Title 18, United States Code), the
undersigned officer of Huading Financial Networks, Inc., a Nevada corporation
(the "Company"), do hereby certify with respect to the Quarterly Report of the
Company on Form 10-QSB for the quarter ended September 30, 2002 as filed with
the Securities and Exchange Commission (the " Form 10-QSB") that, to the best of
his knowledge:

            (1)  the Form 10-QSB fully complies with the requirements of
         section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

            (2)  the information contained in the Form 10-QSB fairly presents,
         in all material respects, the financial condition and results
         of operations of the Company.



Dated: November 12, 2002                    /s/ LI HAIDONG
                                            -----------------------------------
                                            Li Haidong, Chief Financial Officer