----

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**UNITED      STATES SECURITIES AND EXCHANGE COMMISSION **

**Washington,      D.C. 20549 **

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**FORM        10 - QSB**

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**QUARTERLY      REPORT UNDER SECTION 13 OR 15(D) OF**

**THE      SECURITIES EXCHANGE ACT OF 1934.**

**333-39208**

*(Commission      File Number)*

**(Mark      One)**

**x**
**QUARTERLY      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934      For the quarterly period ended September 30, 2006.**

**OR**

**o**
**TRANSITION      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934      FOR THE TRANSITION PERIOD ________.**

**COL      China Online International Inc.**

*(Exact      name of small business issuer as specified in its charter)*

|                  **Delaware**                              | **52-2224845**                                                       |
|-----------------------------------------------------------------|----------------------------------------------------------------------|
| *(State                or other jurisdiction of incorporation)* | *(IRS                Employer Identification                Number)* |

**3176      South Peoria Court, Suite 100**

**Aurora,      Colorado, 80014**

*(Address      of principal executive offices including zip code)*

**(303)      695-8530**

*(Small      Business Issuer telephone number, including area code)*

**N/A**

*(Former      Name or Former Address, if Changed Since Last Report)*

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**COL      China Online International Inc.**

**REPORT      ON FORM 10-QSB**

**For      the Period Ended September 30, 2006**

**Table      of Contents**

|                                             |                                                                                                                                                 | Page                  No. |
|--------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------|
|                                             |                                                                                                                                                 |                      |
| **PART                I. FINANCIAL INFORMATION** |                                                                                                                                                 |
|                                             |                                                                                                                                                 |                      |
| Item                  1                          | Financial                  Statements:                                                                                                               |                      |
|                                             | Condensed                  Consolidated Balance Sheets as of September 30, 2006 (unaudited)                  and June 30, 2006                       | 2                         |
|                                             | Condensed                  Consolidated Statements of Operations for the three months ended                  September 30, 2006 and 2005 (unaudited) | 3                         |
|                                             | Condensed                  Consolidated Statements of Cash Flows for the three months ended                  September 30, 2006 and 2005 (unaudited) | 4                         |
|                                             | Notes                  to Condensed Consolidated Financial Statements                                                                                | 5                         |
| Item                  2                          | Management’s                  Discussion and Analysis of Financial Condition and Results                  of Operations                        | 7                         |
| Item                  3                          | Controls                  and Procedures                                                                                                             | 9                         |

**PART      II. OTHER INFORMATION**

| Item                  1 | Legal                  Proceedings                                           | 10     |
|-------------------------|------------------------------------------------------------------------------|--------|
| Item                  2 | Unregistered                  Sales of Equity Securities and Use of Proceeds | 10     |
| Item                  3 | Defaults                  Upon Senior Securities                             | 10     |
| Item                  4 | Submissions                  of Matters to a Vote of Security Holders        | 10     |
| Item                  5 | Other                  Information                                           | 10     |
| Item                  6 | Exhibits                                                                     | 10     |
|                    |                                                                         |   |

| Signature                  PageExhibit                  31.1 CertificationExhibit                  32.1 Certification | 11 |
|-----------------------------------------------------------------------------------------------------------------------|----|

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**PART        I FINANCIAL INFORMATION**

**COL        CHINA ONLINE INTERNATIONAL INC.**

**CONDENSED        CONSOLIDATED BALANCE SHEETS**

**Item        1. Financial Statements.**

|                                                                                                                                                                                                                               |   | September                30, 2006 (unaudited) |        | June                30, 2006 |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------------------|-------------|------------------------------|--------|
|                                                                                                                                                                                                                               |   | (US$)                                         |        | Rmb                          |   | Rmb |   |
| **ASSETS**                                                                                                                                                                                                                         |   | (Illustrative                only)            |        |                         |   |   |   |
|                                                                                                                                                                                                                               |   |                                          |        |                         |   |   |   |
| **Current                Assets**:                                                                                                                                                                                                 |   |                                          |        |                         |   |   |   |
| Cash                                                                                                                                                                                                                               |   |                                          | 26,169      |                         |   | 207,175 |   |   | 200,238 |   |
| Accounts                receivable, net of an allowance for doubtful accounts                                                                                                                                                      |   |                                          | 5,206       |                         |   | 41,211 |   |   | 17,110 |   |
| Deposits                and other receivables                                                                                                                                                                                      |   |                                          | 63,076      |                         |   | 499,364 |   |   | 506,948 |   |
|                                                                                                                                                                                                                               |   |                                          |        |                         |   |   |   |   |   |   |
| Total                current assets                                                                                                                                                                                                |   |                                          | 94,451      |                         |   | 747,750 |   |   | 724,296 |   |
|                                                                                                                                                                                                                               |   |                                          |        |                         |   |   |   |   |   |   |
| **Property,                Office Space and Equipment**,                net of accumulated depreciation and impairment of Rmb12,323,097                (US$1,556,576) and Rmb10,589,897 (US$1,317,930)                respectively |   |                                          | 26,486      |                         |   | 209,692 |   |   | 230,716 |   |
|                                                                                                                                                                                                                               |   |                                          |        |                         |   |   |   |   |   |   |
| **Total                Assets**                                                                                                                                                                                                    |   |                                          | 120,937     |                         |   | 957,442 |   |   | 955,012 |   |
|                                                                                                                                                                                                                               |   |                                          |        |                         |   |   |   |   |   |   |
| **LIABILITIES                AND STOCKHOLDERS’ DEFICIENCY**                                                                                                                                                                  |   |                                          |        |                         |   |   |   |   |   |   |
|                                                                                                                                                                                                                               |   |                                          |        |                         |   |   |   |   |   |   |
| **Current                Liabilities**:                                                                                                                                                                                            |   |                                          |        |                         |   |   |   |   |   |   |
| Accounts                payable and accrued expenses                                                                                                                                                                               |   |                                          | 103,653     |                         |   | 820,610 |   |   | 943,184 |   |
| Taxes                payable                                                                                                                                                                                                       |   |                                          | 24,769      |                         |   | 196,090 |   |   | 234,386 |   |
|                                                                                                                                                                                                                               |   |                                          |        |                         |   |   |   |   |   |   |
| Total                current liabilities                                                                                                                                                                                           |   |                                          | 128,422     |                         |   | 1,016,700 |   |   | 1,177,570 |   |
|                                                                                                                                                                                                                               |   |                                          |        |                         |   |   |   |   |   |   |
| **Non-Current                Liabilities**:                                                                                                                                                                                        |   |                                          |        |                         |   |   |   |   |   |   |
| Payable                to Majority Stockholder                                                                                                                                                                                     |   |                                          | 10,024,394  |                         |   | 79,361,119 |   |   | 78,678,141 |   |
|                                                                                                                                                                                                                               |   |                                          |        |                         |   |   |   |   |   |   |
| Other                loan                                                                                                                                                                                                          |   |                                          | -           |                         |   | - |   |   | 150,000 |   |
|                                                                                                                                                                                                                               |   |                                          |        |                         |   |   |   |   |   |   |
| Total                non-current liabilities                                                                                                                                                                                       |   |                                          | 10,024,394  |                         |   | 79,361,119 |   |   | 78,828,141 |   |
|                                                                                                                                                                                                                               |   |                                          |        |                         |   |   |   |   |   |   |
| **Stockholders’                Deficiency**:                                                                                                                                                                                 |   |                                          |        |                         |   |   |   |   |   |   |
| Common                stock, US$0.001 par value, 100,000,000 shares authorized and 50,155,000                shares issued, outstanding                                                                                            |   |                                          | 50,155      |                         |   | 408,864 |   |   | 408,864 |   |
| Additional                paid-in capital                                                                                                                                                                                          |   |                                          | 146,507     |                         |   | 1,214,118 |   |   | 1,214,118 |   |
| Accumulated                deficit                                                                                                                                                                                                 |   |                                          | (10,316,763 | )                            |   | (81,675,755 | ) |   | (81,131,250 | ) |
| Other                comprehensive income                                                                                                                                                                                          |   |                                          | 88,222      |                         |   | 632,396 |   |   | 457,569 |   |
|                                                                                                                                                                                                                               |   |                                          |        |                         |   |   |   |   |   |   |
| Total                stockholders’ deficiency                                                                                                                                                                                |   |                                          | (10,031,879 | )                            |   | (79,420,377 | ) |   | (79,050,699 | ) |
|                                                                                                                                                                                                                               |   |                                          |        |                         |   |   |   |   |   |   |
| **Total                Liabilities and Stockholders’ Deficiency**                                                                                                                                                            |   |                                          | 120,937     |                         |   | 957,442 |   |   | 955,012 |   |

***See      accompanying notes to these      consolidated financial statements***

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**COL        CHINA ONLINE INTERNATIONAL INC.**

**CONDENSED        CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)**

|                                                          |   | For                the three months ended |       |
|---------------------------------------------------------------|--------|-------------------------------------------|------------|
|                                                          |   | September                30, 2006         |       |  September                30, 2005 |   |
|                                                          |   | (US$)                                     |       | (Rmb) |   |  (Rmb) |   |
|                                                          |   | (Illustrative                only)        |       |   |   |    |   |
| **Net                Revenues**:                              |   |                                      |       |   |   |    |   |
| Telecommunication                                             |   |                                      | 56,326     |   |   | 445,919 |   |   | 365,579 |   |
| Marketing                fee - PIERS                          |   |                                      | 29,473     |   |   | 233,330 |   |   | - |   |
|                                                          |   |                                      |       |   |   |   |   |   |   |   |
| Total                revenues                                 |   |                                      | 85,799     |   |   | 679,249 |   |   | 365,579 |   |
|                                                          |   |                                      |       |   |   |   |   |   |   |   |
| **Cost                of Sales**:                             |   |                                      |       |   |   |   |   |   |   |   |
| Telecommunication                                             |   |                                      | 13,939     |   |   | 110,349 |   |   | 347,697 |   |
| Marketing                fee - PIERS                          |   |                                      | 1,085      |   |   | 8,592 |   |   | - |   |
|                                                          |   |                                      |       |   |   |   |   |   |   |   |
|                                                          |   |                                      | 15,024     |   |   | 118,941 |   |   | 347,697 |   |
|                                                          |   |                                      |       |   |   |   |   |   |   |   |
| Gross                Margin                                   |   |                                      | 70,775     |   |   | 560,308 |   |   | 17,882 |   |
|                                                          |   |                                      |       |   |   |   |   |   |   |   |
| **Operating                Expenses**:                        |   |                                      |       |   |   |   |   |   |   |   |
| General                and administrative                     |   |                                      | 170,106    |   |   | 1,346,701 |   |   | 1,235,430 |   |
| Amortization                and depreciation                  |   |                                      | 2,656      |   |   | 21,024 |   |   | 123,533 |   |
|                                                          |   |                                      |       |   |   |   |   |   |   |   |
| Total                operating expenses                       |   |                                      | 172,762    |   |   | 1,367,725 |   |   | 1,358,963 |   |
|                                                          |   |                                      |       |   |   |   |   |   |   |   |
| **Operating                loss**                             |   |                                      | (101,987   | ) |   | (807,417 | ) |   | (1,341,081 | ) |
|                                                          |   |                                      |       |   |   |   |   |   |   |   |
| Rental                income                                  |   |                                      | 33,157     |   |   | 262,500 |   |   | - |   |
| Other                income                                   |   |                                      | 52         |   |   | 412 |   |   | 536 |   |
|                                                          |   |                                      |       |   |   |   |   |   |   |   |
| **Loss                Before Minority Interest**              |   |                                      | (68,778    | ) |   | (544,505 | ) |   | (1,340,545 | ) |
|                                                          |   |                                      |       |   |   |   |   |   |   |   |
| Minority                interest                              |   |                                      | -          |   |   | - |   |   | - |   |
|                                                          |   |                                      |       |   |   |   |   |   |   |   |
| **Net                Loss**                                   |   |                                      | (68,778    | ) |   | (544,505 | ) |   | (1,340,545 | ) |
|                                                          |   |                                      |       |   |   |   |   |   |   |   |
| **Other                Comprehensive Loss**                   |   |                                      | -          |   |   | - |   |   | - |   |
|                                                          |   |                                      |       |   |   |   |   |   |   |   |
| **Comprehensive                Loss**                         |   |                                      | (68,778    | ) |   | (544,505 | ) |   | (1,340,545 | ) |
|                                                          |   |                                      |       |   |   |   |   |   |   |   |
| **Basic                And Fully Diluted Net Loss Per Share** |   |                                      | (0.001     | ) |   | (0.01 | ) |   | (0.03 | ) |
|                                                          |   |                                      |       |   |   |   |   |   |   |   |
| **Weighted                Average Number Of Common Stock**    |   |                                      | 50,155,000 |   |   | 50,155,000 |   |   | 50,155,000 |   |

***See      accompanying notes to these      consolidated financial statements***

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**COL        CHINA ONLINE INTERNATIONAL INC.**

**CONDENSED        CONSOLIDATED STATEMENTS OF CASH FLOWS        (UNAUDITED)**

|                                                                                                     |   | For                the three months ended |    |
|----------------------------------------------------------------------------------------------------------|--------|-------------------------------------------|---------|
|                                                                                                     |   | September                30, 2006         |    | September                30, 2005 |   |
|                                                                                                     |   | (US$)                                     |    | (Rmb) |   | (Rmb) |   |
|                                                                                                     |   | (Illustrative                only)        |    |   |   |   |   |
| **Cash                Flows from Operating Activities**:                                                 |   |                                      |    |   |   |    |   |
| Net                loss                                                                                  |   |                                      | (68,778 | ) |   | (544,505 | ) |   | (1,340,545 | ) |
| Adjustments                to reconcile net loss to net cash usedin                operating activities: |   |                                      |    |   |   |   |   |   |   |   |
| Amortization                and depreciation                                                             |   |                                      | 2,656   |   |   | 21,024 |   |   | 123,533 |   |
| Change                in operating assets and liabilities:                                               |   |                                      |    |   |   |   |   |   |   |   |
| (Increase)                Decrease in:                                                                   |   |                                      |    |   |   |   |   |   |   |   |
| Accounts                receivables                                                                      |   |                                      | (3,044  | ) |   | (24,101 | ) |   | (13,059 | ) |
| Other                assets                                                                              |   |                                      | 958     |   |   | 7,584 |   |   | 110,529 |   |
| (Decrease)                Increase in:                                                                   |   |                                      |    |   |   |   |   |   |   |   |
| Accounts                payable and accrued expenses                                                     |   |                                      | (15,483 | ) |   | (122,574 | ) |   | 617,431 |   |
| Taxes                payable                                                                             |   |                                      | (4,838  | ) |   | (38,296 | ) |   | (2,852 | ) |
| Exchange                difference                                                                       |   |                                      | 814     |   |   | 6,445 |   |   | - |   |
|                                                                                                     |   |                                      |    |   |   |   |   |   |   |   |
| Net                cash used in operating activities                                                     |   |                                      | (87,715 | ) |   | (694,423 | ) |   | (504,963 | ) |
|                                                                                                     |   |                                      |    |   |   |   |   |   |   |   |
| **Cash                Flows from Financing Activities**:                                                 |   |                                      |    |   |   |   |   |   |   |   |
| Other                loan repayment                                                                      |   |                                      | (18,947 | ) |   | (150,000 | ) |   | - |   |
| Advances                from Majority Stockholder                                                        |   |                                      | 107,446 |   |   | 850,630 |   |   | 219,042 |   |
|                                                                                                     |   |                                      |    |   |   |   |   |   |   |   |
| Net                cash provided by financing activities                                                 |   |                                      | 88,499  |   |   | 700,630 |   |   | 219,042 |   |
|                                                                                                     |   |                                      |    |   |   |   |   |   |   |   |
| **Effect                Of Exchange Rate Changes On Cash**                                               |   |                                      | 92      |   |   | 730 |   |   | 303,897 |   |
|                                                                                                     |   |                                      |    |   |   |   |   |   |   |   |
| **Net                Increase In Cash**                                                                  |   |                                      | 876     |   |   | 6,937 |   |   | 17,976 |   |
|                                                                                                     |   |                                      |    |   |   |   |   |   |   |   |
| **Cash**,                beginning of period                                                             |   |                                      | 25,293  |   |   | 200,238 |   |   | 598,654 |   |
|                                                                                                     |   |                                      |    |   |   |   |   |   |   |   |
| **Cash**,                end of period                                                                   |   |                                      | 26,169  |   |   | 207,175 |   |   | 616,630 |   |

***See      accompanying notes to these      consolidated financial statements***

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**COL        CHINA ONLINE INTERNATIONAL INC.**

**NOTES        TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

| **1.** | **Company Organization and              Operations** |
|--------|------------------------------------------------------|
|   |   |
|--------|--------|
|   | Nature                of Operations - COL China Online International Inc. (“COL International”                or the “Company”) was incorporated as a Delaware corporation on February                22, 2000, for the purpose of acquiring and conducting the engineering                services and internet related business of Migration Developments                Limited,                a British Virgin Islands Company (“Migration”) and raising equity capital                to be utilized in the business of Migration. Beginning in approximately                January 2004, the Company focused its business on internet and                telecommunication convergence solutions and customer-specific solutions                for the retail industry. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **2.** | **Basis of              Presentation** |
|--------|----------------------------------------|
|   |   |
|--------|--------|
|   | The                unaudited condensed consolidated financial statements have been prepared                by the Company, pursuant to the rules and regulations of the Securities                and Exchange Commission (SEC). Certain information and footnote                disclosures normally included in financial statements prepared in                accordance with generally accepted accounting principles have been                omitted                pursuant to such SEC rules and regulations; nevertheless, the Company                believes that the disclosures are adequate to make the information                presented not misleading. These financial statements have been prepared                on                the same basis as the annual financial statements. These financial                statements and the notes hereto should be read in conjunction with                the                financial statements and notes thereto included in the Company’s Annual                Report on Form 10-KSB for the year ended June 30, 2006 which was                filed                October 17, 2006, as may be amended. In the opinion of the Company,                all                adjustments, including normal recurring adjustments necessary to                present                fairly the financial position of the Company as of September 30,                2006 and                the results of its operations and cash flows for the three months                period                then ended, have been included. The results of operations for the                interim                period are not necessarily indicative of the results for the full                year. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |
|--------|--------|
|   | The amounts included in the financial                statements are presented in Renminbi (“Rmb”) which is COL International’s                functional currency, because COL International’s operations are primarily                located in the PRC. For illustrative purposes, the condensed consolidated                balance sheet as September 30, 2006 and condensed consolidated statement                of operations for the three months ended September 30, 2006 and condensed                consolidated statement of cash flows for the three months ended September                30, 2006 have been translated into US dollars at approximately 7.9168                Rmb                to the dollar, which was the exchange rate at September 30,                2006. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |
|--------|--------|
| **3.** | **Recently Issued Accounting              Standards** |
|--------|-------------------------------------------------------|
|   |   |
|--------|--------|
|   | There are no new accounting pronouncements for which              adoption is expected to have a material effect on the Company’s condensed              consolidated financial statements. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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**COL        CHINA ONLINE INTERNATIONAL INC.**

**NOTES        TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

|   |
|--------|

| **4.** | **Comprehensive              Loss** |
|--------|-------------------------------------|
|   |   |
|--------|--------|
|   | The                Company accounts for comprehensive loss in accordance with SFAS No.                130,                “Reporting Comprehensive Income”. SFAS No. 130 establishes standards for                reporting comprehensive income and its components in financial statements.                Comprehensive income, as defined therein, refers to revenues, expenses,                gains and losses that are not included in net income but rather are                recorded directly in stockholders’ equity. Accumulated other comprehensive                income for the three months period ended September 30, 2006, respectively,                represented foreign currency translation                adjustments. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |
|--------|--------|
| **5.** | **Net Loss Per              Share** |
|--------|-------------------------------------|
|   |   |
|--------|--------|
|   | Basic and diluted net loss per share is computed              by              dividing net loss by the weighted average number of common stock              outstanding. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |
|--------|--------|
|   | Pursuant                to the Company’s 2000 Stock Option Plan, options may be granted to                purchase an aggregate of 4,000,000 shares of common stock to key                employees                and other persons who have or are contributing to the Company’s success.                As of September 30, 2006, no options had been granted under the 2000                plan. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| **Item 2.** | **Management’s                Discussion and Analysis of Financial Condition and Results of                Operations.** |
|-------------|--------------------------------------------------------------------------------------------------------------------------------|

**Overview**

*Going        concern*

*Plan      of Operations*

----

**Results      of Operations**

**Liquidity      and Capital Resources**

----

**Critical      Accounting Policies**

**Off      Balance Sheet Arrangements**

| **Item 3.** | **Controls              and Procedures.** |
|-------------|-------------------------------------------|

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**PART      II - OTHER INFORMATION**

**Item      1**
**Legal      Proceedings**

**Item      2**
**Unregistered      Sales of Equity Securities and Use of Proceeds**

**Item      3**
**Defaults      Upon Senior Securities**

**Item      4**
**Submission      of Matters to a Vote of Security Holders**

**Item      5**
**Other      Information**

**Item      6.**
**      Exhibits**

| Exhibit                No. | Description                                                                                                                                                                                                                                     |
|----------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                       |                                                                                                                                                                                                                                            |
| 2.1                   | Stock                Exchange Agreement between and among Migration Developments Limited,                the                Company and the shareholders of Migration Developments Limited dated                June                8, 2000 (1) |
|                       |                                                                                                                                                                                                                                            |
| 3.1                        | Certificate                Of Incorporation filed with the Delaware Secretary Of State effective                as                of February 22, 2000 (1)                                                                                      |
|                       |                                                                                                                                                                                                                                            |
| 3.2                   | Certificate                of Amendment to the Certificate of Incorporation filed with the Delaware                Secretary of State effective as of April 3, 2000 (1)                                                                         |
|                       |                                                                                                                                                                                                                                            |
| 3.3                        | Amended                and Restated Bylaws (2)                                                                                                                                                                                                  |
|                       |                                                                                                                                                                                                                                            |
| 3.4                        | Sino-Foreign                Joint Venture Contract (1) (3)                                                                                                                                                                                      |
|                       |                                                                                                                                                                                                                                            |
| 3.5                        | Articles                of Association of the Sino-Foreign Joint Venture (1)                                                                                                                                                                    |
|                       |                                                                                                                                                                                                                                            |
| 4.1                        | Specimen                Common Stock Certificate (1)                                                                                                                                                                                            |
|                       |                                                                                                                                                                                                                                            |
| 31.1                       | Certification                of the Chief Executive Officer and Chief Financial Officer pursuant                to                Section 302 of the Sarbanes-Oxley Act of 2002                                                                 |
|                       |                                                                                                                                                                                                                                            |
| 32.2                       | Certifications                of Chief Executive Officer and Chief Financial Officer pursuant to                18                U.S.C. Section 1350 as adopted pursuant to Section 906 of the                Sarbanes-Oxley Act of 2002       |

| (1) | Incorporated                by reference from the Company’s Form SB-2 Registration Statement dated                June 13, 2000 (File No. 333-39208) |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | Incorporated                by reference from the Company’s Amendment No. 3 to Form SB-2 Registration                Statement dated January 17, 2001 (File No.                333-39208) |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | Translated                into English from Chinese |
|-----|-----------------------------------------------------|

----

**SIGNATURE**

|                                      |                                                                             |                                                  |
|-------------------------------------------|----------------------------------------------------------------------------------|-------------------------------------------------------|
|                                      | COL              CHINA ONLINE              INTERNATIONAL INC.                    |
|                                 |                                                                        |                                             |
| Date: November              14, 2006 | By:                                                                    | /s/ Chi                Keung                Wong |
|                                      | Chi              Keung Wong                                                      |
|                                      | Chief                Executive Officer andChief Financial                Officer |

----

**EXHIBIT      INDEX**

| Exhibit                No. | Description                                                                                                                                                                                                                                     |
|----------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                       |                                                                                                                                                                                                                                            |
| 2.1                   | Stock                Exchange Agreement between and among Migration Developments Limited,                the                Company and the shareholders of Migration Developments Limited dated                June                8, 2000 (1) |
|                       |                                                                                                                                                                                                                                            |
| 3.1                        | Certificate                Of Incorporation filed with the Delaware Secretary Of State effective                as                of February 22, 2000 (1)                                                                                      |
|                       |                                                                                                                                                                                                                                            |
| 3.2                   | Certificate                of Amendment to the Certificate of Incorporation filed with the Delaware                Secretary of State effective as of April 3, 2000 (1)                                                                         |
|                       |                                                                                                                                                                                                                                            |
| 3.3                        | Amended                and Restated Bylaws (2)                                                                                                                                                                                                  |
|                       |                                                                                                                                                                                                                                            |
| 3.4                        | Sino-Foreign                Joint Venture Contract (1) (3)                                                                                                                                                                                      |
|                       |                                                                                                                                                                                                                                            |
| 3.5                        | Articles                of Association of the Sino-Foreign Joint Venture (1)                                                                                                                                                                    |
|                       |                                                                                                                                                                                                                                            |
| 4.1                        | Specimen                Common Stock Certificate (1)                                                                                                                                                                                            |
|                       |                                                                                                                                                                                                                                            |
| 31.1                       | Certification                of the Chief Executive Officer and Chief Financial Officer pursuant                to                Section 302 of the Sarbanes-Oxley Act of 2002                                                                 |
|                       |                                                                                                                                                                                                                                            |
| 32.2                       | Certifications                of Chief Executive Officer and Chief Financial Officer pursuant to                18                U.S.C. Section 1350 as adopted pursuant to Section 906 of the                Sarbanes-Oxley Act of 2002       |

| (1) | Incorporated                by reference from the Company’s Form SB-2 Registration Statement dated                June 13, 2000 (File No. 333-39208) |
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| (2) | Incorporated                by reference from the Company’s Amendment No. 3 to Form SB-2 Registration                Statement dated January 17, 2001 (File No.                333-39208) |
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| (3) | Translated into English from              Chinese |
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