Peak Positioning Technologies Inc. announced that the Wuxi Municipal Financial Affairs Office (WMFAO) completed its review of the required documents submitted by Peak to establish its financial services subsidiary, Asia Synergy Financial Capital (ASFC), as a licensed financial services company in China. As a result, the WMFAO subsequently gave Peak and its strategic partner Jiu Dong Limited (Jiu Dong) the green light to proceed with the physical setup of ASFC's offices in preparation of the final steps of the WMFAO's audit process prior to the official registration of ASFC as a Chinese financial services company. Peak and Jiu Dong have now completed the setup of ASFC's offices in the Yixing district of the city of Wuxi, just west of Shanghai. During the final stages of this approval process, which is following its normal course and is expected to conclude within the coming weeks, the WMFAO will visit ASFC's offices to ensure that they meet the established guidelines for Chinese financial services companies. ASFC expects to begin to operate as soon as the WMFAO's audit process concludes.