Document:

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                                                                    Exhibit 10.8

           BEIJING FUHUA INNOVATION TECHNOLOGY DEVELOPMENT CO., LTD.

                                      and

                    CHINA FINANCE ONLINE (BEIJING) CO., LTD.

                          TECHNICAL SUPPORT AGREEMENT

<PAGE>
                           TECHNICAL SUPPORT AGREEMENT

THIS TECHNICAL SUPPORT AGREEMENT ("this Agreement") is entered into on this 27th
day of May, 2004 by and between Beijing Fuhua Innovation Technology Development
Co., Ltd. ("Party A"), a company organized and existing under the laws of the
People's Republic of China (the "PRC"), and China Finance Online Beijing) Co.,
Ltd. ("Party B"), a wholly foreign-owned enterprise organized and existing under
the laws of the PRC. Each of Party A and Party B shall hereinafter individually
be referred to as a "Party" and collectively as the "Parties".

WHEREAS:

Party A engages in businesses such as the operating of networks in PRC (the
"Business") and Party B possesses expertise and resources on technology involved
in the Business. Party A intends to retain Party B to provide relevant technical
support service with respect to the Business ("Technical Support Service"), and
Party B is willing to accept such retainer pursuant to the terms and conditions
of this Agreement.

The Parties hereby agree as follows:

ARTICLE 1 SERVICE AND PAYMENT

1. Party A hereby:

A. appoints Party B, effective as of the date of this Agreement, as the provider
of Technical Support Service relating to the Business as agreed by the Parties
from time to time; and

B. agrees to pay Party B a service fee, on a quarterly basis, within three(3)
months of the last day of each quarter (the "Service Fee").
The amount of the Service Fee shall be decided according to the Technical
Support Service provided by Party B upon request of Party A, and shall be
calculated in accordance with the number of days and personnel involved in the
Technical Support Service. In addition to the Service Fee, Party A shall
reimburse Party B for reasonable out of pocket expenses that incurred by Party B
in connection with providing the Technical Support Service under this Agreement,
including but not limited to, business trip costs, accommodation and meal costs,
transportation and telecommunication expenses. If Party A is not satisfied with
the services provided by Party B in the relevant period and requests deduction
of related Service Fee, or the actual fee paid by Party A is higher than the
Service Fee

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payable under this Agreement, Party A shall, upon mutual agreement between the
Parties, have the right to deduct the corresponding amount from the next payment
of Service Fee payable by Party A to Party B.

2. Party B agrees to provide the Technical Support Service listed in Schedule A
hereof and as requested by Party A.

3. Unless otherwise agreed by Party B in writing, Party A shall not retain any
third party to provide the services listed in Schedule A hereof.

ARTICLE 2 TERM, TERMINATION AND SURVIVAL

1. Term. This Agreement shall be effective upon execution hereof by authorized
representatives of the Parties and shall remain effective for a period of ten
(10) years, which will be automatically renewed for another one (1) year upon
expiry of each term unless Party B notifies Party A of its intention not to
renew thirty (30) days before the current term expires. Party A shall not
terminate this Agreement within the term of this Agreement.

2. No Further Obligations. Upon termination of this Agreement, Party B shall
have no further obligation to render any Technical Support Service hereunder to
Party A.

3. Survival. Termination of this Agreement shall not affect any obligation owed
by one Party to the other Party that has accrued prior to such termination.

ARTICLE 3 MISCELLANEOUS

1. Entire Agreement. This Agreement constitutes the entire agreement among the
Parties hereto with respect to the subject matter hereof and supersedes all
prior agreements, understandings or arrangements, oral or written, between the
parties hereto with respect to the subject matter hereof.

2. Amendment. No variation of, or supplement to, this Agreement shall be
effective unless the Parties have agreed in writing and have respectively
obtained the required authorizations and approvals (including an approval that
Party B must obtain from the audit committee or other independent institution,
which has been established under the Sarbanes-Oxley Act and the NASDAQ Rules, of
the board of directors of Party B's overseas holding company, China Finance
Online Co., Limited).

3. Waiver. A waiver on the part of any Party hereto of any rights or interests
of any part under this Agreement shall not constitute the waiver of any other
rights or interests or any subsequent waiver of such rights or interests. The
failure of any Party at any time to require performance by the other Party under
any provision of this Agreement shall not affect the right of such Party to
require full performance from the other Party at any time thereafter.

4. Assignment, Obligations of Transferees. This Agreement shall be binding upon
the Parties hereto and their respective successors and permitted transferees and
assignees and it shall be made for the interests of these parties. Without the
prior written consent of the other Party hereto, neither Party shall assign or
transfer any rights or obligations that it may have under this Agreement.

5. Governing Law. The execution, interpretation, performance and termination of
this Agreement shall be governed by and construed in accordance with the laws of
the People's Republic of China.

6. Notice. Any notice, request or other communication to be given or made under
this Agreement shall be in writing. Any such communication may be delivered by
hand, air-mail, facsimile or established courier service to the Parties'
addresses specified below or at such other address that a Party notifies to the
other Party from time to time, and will be effective upon receipt (if a
communication is delivered by facsimile, the time of the receipt of the
facsimile shall be the time when the sender receives a confirmed transmittal
receipt).

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               For Party A:

               Beijing Fuhua Innovation Technology Development Co., Ltd.
               Address: Room 615, Ping'an Mansion, No. 23 Financial Street, West
               District, Beijing, China
               Postal Code: 10032
               Attention: Jun Ning
               Fax: 8610-6621-0640

               For Party B:

               China Finance Online (Beijing) Co., Ltd.
               Address: Room 610B, Ping'an Mansion, No. 23 Financial Street,
               West District, Beijing, China
               Attention: Jun Ning
               Fax: 8610-6621-0640

7. Severability. The invalidity, illegality or unenforceability of any provision
of this Agreement shall not affect the validity, legality or enforceability of
any other provisions. This Agreement shall continue in full force and effect
except for any such invalid, illegal or unenforceable provision.

8. Headings. The headings throughout this Agreement are for convenience only and
are not intended to limit or be used in the interpretation of the provisions of
this Agreement.

9. Language and Counterparts. This Agreement is executed in Chinese. This
Agreement and any amendment hereto may be executed by the Parties in separate
counterparts, each counterpart shall be the original and all of which together
shall constitute one and the same instrument.

10. Dispute Resolution. All disputes arising from the execution of, or in
connection with this Agreement shall be settled through amicable negotiations
between the Parties. If no settlement can be reached through amicable
negotiations, the dispute shall be submitted to the China International Economic
and Trade Arbitration Commission (CIETAC) Beijing Commission for arbitration, in
accordance with its then effective arbitration rules. There shall be three
arbitrators. The arbitration shall be held in Beijing and the language of the
arbitration shall be Chinese. The arbitral award shall be final and binding on
both Parties. The costs of the arbitration shall be borne by the losing Party,
unless the arbitration award stipulates otherwise.

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IN WITNESS WHEREOF, the Parties have caused this Agreement to be executed by
their respective duly authorized signatories as of the day and year first
written above.

        Party A: Beijing Fuhua Innovation Technology Development Co., Ltd.

        Authorized representative: [/s/ COMPANY SEAL]
        (signature)

        Party B: China Finance Online (Beijing) Co., Ltd.

        (Seal)

        Authorized representative: [/s/ COMPANY SEAL]
        (signature)

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                                   SCHEDULE A

                    TECHNICAL SUPPORT SERVICE TO BE PROVIDED

Technical Support Service to be provided by Party B to Party A shall be as
follows subject to the regulation of applicable laws:

1.   Providing technical support and professional training necessary for
     carrying out Party A's business.

2.   Providing maintenance for computer facilities.

3.   Providing website design and design, installation, testing and maintenance
     services for Party A's network and computer system.

4.   Providing overall safety services for Party A's website.

5.   Providing database support and software services.

6.   Other services related to Party A's business.<PAGE>

                                                                   Exhibit 10.9

           BEIJING FUHUA INNOVATION TECHNOLOGY DEVELOPMENT CO., LTD.

                                      and

                    CHINA FINANCE ONLINE (BEIJING) CO., LTD.

                              AMENDED AND RESTATED

                     STRATEGIC CONSULTING SERVICE AGREEMENT
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                              AMENDED AND RESTATED
                     STRATEGIC CONSULTING SERVICE AGREEMENT

THIS AMENDED AND RESTATED STRATEGIC CONSULTING SERVICE AGREEMENT ("this
Agreement") is entered into in Beijing, People's Republic of China on this 27th
day of May, 2004 by and between:

Party A ("Entrusting Party"): Beijing Fuhua Innovation Technology Development
Co., Ltd. ("Party A"), with its registered address at Room 615, Ping'an Mansion,
No. 23 Financial Street, West District, Beijing, China; and

Party B ("Entrusted Party"): China Finance Online (Beijing) Co., Ltd. ("Party
B"), with its registered address at Room 610B, Ping'an Mansion, No. 23 Financial
Street, West District, Beijing, China.

Each of Party A and Party B shall hereinafter individually be referred to as a
"Party" and collectively as the "Parties".

WHEREAS,

1. Party A is a company organized and existing under the laws of the People's
Republic of China (the "PRC"), with its main business in providing Internet
information services and selling computer software and hardware and peripheral
equipment in the PRC (the "Business"). Party B is a wholly foreign-owned
enterprise organized and existing under the laws of the PRC and it has expertise
and resources in strategic consulting in the area of the Business. Party A
agrees to entrust Party B to provide strategic consulting services ("Services")
with respect of the Business, and Party B agrees to accept such entrustment
under the terms and conditions set out below. Party A and Party B entered into
an Exclusive Service Agreement on January 8, 2001.

2. The Parties intend to make amendments to the Exclusive Service Agreement.

NOW AND THEREFORE, the Exclusive Service Agreement dated January 8, 2001 shall
be superseded by this Agreement after the effective date hereof. The Parties
agree to the terms and conditions under this Agreement as follows:

ARTICLE 1 ENTRUSTED MATTERS

Matters entrusted by Party A to Party B under this Agreement (the "Entrusted
Matters") shall be providing Services within the scope of this Agreement.

ARTICLE 2 SCOPE OF SERVICES

Services to be provided by Party B to Party A under this Agreement shall mainly
include the following subject to the regulation of applicable laws:

(1)  New product evaluation;

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(2)  Market research;

(3)  Marketing and sales strategy; and

(4)  Other services related to Party A's business.

ARTICLE 3 FEE AND PAYMENT

The Parties agree that consulting fee hereunder shall be calculated and paid in
the following manner:

1. The consulting fee payable by Party A to Party B hereunder shall be
calculated in accordance with the actual amount of time during which Party B
provides services to Party A.

2. Party B reserves the right to adjust the rates of the consulting fee and
other reasonable fees in accordance with the actual performance of Party A.

3. The consulting fee hereunder shall be paid on a quarterly basis. Party A
shall, within three (3) months of the last day of each quarter, pay consulting
fee of each quarter into an account designated by Party B. At the end of each
year, Party B shall settle the consulting fee with Party A in accordance with
the actual fees payable by Party A under this Agreement.

ARTICLE 4 OBLIGATIONS OF THE PARTIES

1. THE OBLIGATIONS OF PARTY A

(1) Party A shall promptly provide Party B with any materials and information
necessary for the fulfillment of the Services hereunder, and shall warrant the
authenticity and accuracy of all such materials and information it provides.

(2) Party A shall pay consulting fee to Party B pursuant to Article 3 hereof;

(3) Unless otherwise agreed by Party B in writing, Party A shall not entrust any
third party to provide any Services as stipulated in Article 2 hereof;

(4) Party A shall perform other obligations under applicable laws and
regulations of the PRC.

2. THE OBLIGATIONS OF PARTY B

(1) Party B shall provide the Services to Party A pursuant to this Agreement;

(2) Party B warrants to Party A that the information and suggestions provided by
Party B to Party A under this Agreement shall be in compliance with relevant
laws and regulations of the PRC;

(3) During the term of this Agreement and upon termination of this Agreement due
to any reasons whatsoever, Party B shall keep confidential of any technical
information and materials provided by Party A, and all other information which
Party A does not want to disclose.

ARTICLE 5 REPRESENTATIONS AND WARRANTIES

1. Party B represents, warrants and covenants to Party A (such representations,
warranties and covenants shall become effective from the Effective Date of this
Agreement) that:

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(1) Party B shall use its expertise and resources in strategic consulting with
respect to the Business to organize and coordinate the Entrusted Matters and
shall set up working groups consisting of experienced personnel to provide
Services to Party A;

(2) Party B shall, during the course of providing the Services hereunder, act in
due diligence and perform its obligations pursuant to applicable laws,
regulations and relevant administrative rules of the PRC as well as the terms
and conditions of this Agreement.

2. Party A represents and warrants to Party B (such representations and
warranties shall become effective from the Effective Date of this Agreement)
that:

(1) The obligations of Party A under this Agreement shall be legal and binding
on Party A. Party A's performance of its obligations hereunder shall neither
conflict with any of its obligations under any other agreement or document, nor
contravene any applicable laws, regulations or administrative rules of the PRC;

(2) Any document and material provided by Party A to Party B under this
Agreement shall be authentic and accurate.

3. Upon the occurrence of an event which may make any representation, warranty
or covenant of a Party hereto under this Articles 5 become unauthentic or
inaccurate, such Party shall promptly inform the other Party thereof, and, upon
reasonable request of the other Party, take measures to remedy and disclose
details of such event.

4. The legal liabilities arising out of a breach of any of the representations,
warranties or covenants mentioned above shall not be affected upon the
completion of the Entrusted Matters hereunder.

5. No Party hereto shall assign any of its rights or obligations under this
Agreement to any third party.

ARTICLE 6 INDEMNIFICATION

In the event that a Party fails to comply with any of its obligations hereunder
and such failure result in losses to the other Party, the defaulting Party shall
make full and effective compensation to the other Party; if the failure makes it
impossible to continue to perform this Agreement, the other Party shall have the
right to terminate this Agreement and the defaulting Party itself shall bear its
losses arising out of such termination.

ARTICLE 7 FORCE MAJEURE AND CHANGE OF CIRCUMSTANCES

If, at any time before the completion of the Entrusted Matters, a significant
change or event in politics, economy, finance, law or otherwise occurs, and such
change or event has had or may have a material adverse effect to the performance
of the Entrusted Matters, the Parties may consult with each other to suspend or
terminate this Agreement and neither Party shall assume any defaulting liability
to the other Party.

ARTICLE 8 TERMINATION

1. Each Party shall have the right to terminate this Agreement by giving the
other Party a notice in writing if:

(1) The other Party breaches or fails to fulfill any obligations under this
Agreement; or

(2) Any representation, warranty or covenant made by the other Party hereunder
is materially unauthentic or misleading and therefore not fulfilled.

2. In the event that this Agreement is terminated pursuant to Section 1 of this
Article 8 or Article 7 hereof, the obligations of both Parties hereunder shall
be terminated immediately. Notwithstanding the forgoing sentence, any right or
claim having come into existence, or any liability arising out of the
representation, warranty, covenant or indemnification hereunder, shall remain
unaffected upon such termination.

ARTICLE 9 DISPUTE RESOLUTION
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1. Any and all disputes, controversy or claim arising from or relating to this
Agreement or its interpretation, violation, termination or validity shall be
first settled through amicable negotiations between the Parties; such
negotiations shall commence on the date on which a Party issues a written notice
to the other Party requesting for such negotiations. If the dispute fails to be
settled within thirty (30) days of the issuance of the written notice, then,
upon the request of and notification by either Party to the other Party, such
dispute shall be submitted for arbitration.

2. The arbitration shall be conducted in Beijing by the China International
Economic and Trade Arbitration Commission Beijing Commission in accordance with
such Commission's Arbitration Rules then in effect.

3. The arbitration award shall be final and binding on the Parties, and the
costs of the arbitration shall be borne by the losing Party, unless the
arbitration award stipulates otherwise.

ARTICLE 10 VARIATION AND SUPPLEMENT

Both Parties hereto shall fulfill their respective obligations hereunder. No
variation of or supplement to this Agreement shall be effective unless the
Parties have agreed in writing and have respectively obtained the required
authorizations and approvals (including an approval that Party B must obtain
from the audit committee or other independent institution, which has been
established under the Sarbanes-Oxley Act and the NASDAQ Rules, of the board of
directors of Party B's overseas holding company, China Finance Online Co.,
Limited).

ARTICLE 11 VALIDITY

This Agreement shall become effective immediately after it is signed and sealed
by the legal representatives or the authorized representatives of both Parties,
and shall supersede all the relevant agreements and documents previously signed
by the Parties on the subject matter upon the effectiveness of this Agreement.

The term of this Agreement shall be twenty (20) years, which will be
automatically renewed for another one (1) year upon expiry of each term unless
Party B notifies Party A of its intention not to renew thirty (30) days before
the current term expires.

ARTICLE 12 COUNTERPARTS

This Agreement is executed in two counterparts. Each Party shall hold one
counterpart, and both counterparts shall have the same legal force.

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[execution page only]

PARTY A: BEIJING FUHUA INNOVATION TECHNOLOGY DEVELOPMENT CO., LTD.

Authorized representative: [/s/ COMPANY SEAL]

PARTY B: CHINA FINANCE ONLINE (BEIJING) CO. LTD.

Authorized representative: [/s/ COMPANY SEAL]

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