6-K

                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 6-K

                            REPORT OF FOREIGN ISSUER
                      PURSUANT TO RULE 13a-16 OR 15d-16 OF
                       THE SECURITIES EXCHANGE ACT OF 1934

                           FOR THE MONTH OF MARCH 2005

                        CHINA FINANCE ONLINE CO. LIMITED

                 (Translation of registrant's name into English)

                         ROOM 610B, 6/F PING'AN MANSION
                             NO. 23 FINANCIAL STREET
                        XICHENG DISTRICT, BEIJING 100032
                                      CHINA
                                (86-10) 6621-0631

                    (Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F.

                  FORM 20-F [X]             FORM 40-F [ ]

Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(1):

Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(7):

Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

                     YES [ ]                   NO [X]

If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82-____________.



                        CHINA FINANCE ONLINE CO. LIMITED

                                    FORM 6-K

                                TABLE OF CONTENTS




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Signature                                                         Page 3
China Finance Online Announces Stock Repurchase Program,
  dated March 31, 2005                                            Page 4





                                   SIGNATURE

Pursuant to 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.



                                               CHINA FINANCE ONLINE CO. LIMITED


                                               By:      /s/  Sam Qian
                                                   -----------------------------
                                               Name:  Sam Qian
                                               Title: President and
                                                      Chief Financial Officer


Date: March 31, 2005

EX-99.1

                                                                    EXHIBIT 99.1


            CHINA FINANCE ONLINE ANNOUNCES STOCK REPURCHASE PROGRAM

Beijing, China, March 31, 2005 -- China Finance Online Co. Limited (Nasdaq:
JRJC), one of the leading companies that specialize in providing online
financial and listed company data and information in China, announced today that
its board of directors has approved a stock repurchase program pursuant to which
the company expects to purchase from time to time up to US$10 million worth of
its American Depositary Shares, or ADSs, over a period of six months.

Under the terms of the approved stock repurchase program, China Finance Online
will repurchase its ADSs through open market purchases on NASDAQ on terms deemed
appropriate by the company in compliance with the anti-manipulation provisions
of the SEC's Rule 10b-18. The timing and amount of repurchase transactions under
this program will depend on market conditions as well as other corporate and
regulatory considerations, and will also be subject to Rule 10b-18 requirements.
The purchases will be funded from available working capital. As of February 28,
2005, China Finance Online had 6,320,000 ADSs outstanding.

"We believe that China Finance Online's stock is undervalued in the marketplace
and as such represents a sound investment for the company," said Sam Qian,
president and chief financial officer of China Finance Online. "In addition, we
believe this repurchase represents China Finance Online's commitment to its
shareholders and serves as an indication of the fundamental strength of the
company and its positive outlook for long-term growth. We are confident in the
future of China Financial Online and believe this repurchase program articulates
our confidence while at the same time allows us to maintain significant cash for
strategic purposes."


SAFE HARBOR STATEMENT

This announcement contains forward-looking statements. These statements are made
under the "safe harbor" provisions of the U.S. Private Securities Litigation
Reform Act of 1995. These forward-looking statements can be identified by
terminology such as "will," "expects," "anticipates," "future," "intends,"
"plans," "believes," "estimates" and similar statements. Among other things, the
quotations from management in this press release, as well as China Finance
Online's strategic and operational plans, contain forward looking statements.
China Finance Online may also make written or oral forward-looking statements in
its periodic reports to the U.S. Securities and Exchange Commission on forms
20-F and 6-K, etc., in its annual report to shareholders, in press releases and
other written materials and in oral statements made by its officers, directors
or employees to third parties. Statements that are not historical facts,
including statements about China Finance Online's beliefs and expectations,




are forward-looking statements. Forward-looking statements involve inherent
risks and uncertainties. A number of important factors could cause actual
results to differ materially from those contained in any forward-looking
statement. Potential risks and uncertainties include, but are not limited to,
China Finance Online's historical losses, its limited operating history,
declines or disruptions in the online financial industry, the recurrence of
SARS, China Finance Online's reliance on relationships with Chinese stock
exchanges and raw data providers, fluctuations in quarterly operating results,
failure to successfully compete against new and existing competitors, and other
risks outlined in China Finance Online's filings with the U.S. Securities and
Exchange Commission, including its registration statement on Form F-1, as
amended. China Finance Online does not undertake any obligation to update any
forward-looking statement, except as required under applicable law.


ABOUT CHINA FINANCE ONLINE CO. LIMITED

China Finance Online Co. Limited specializes in providing online financial and
listed company data and information in China. Through its website, www.jrj.com,
the company offers subscription-based service packages that integrate financial
and listed company data and information from multiple sources with features and
functions such as data and information search, retrieval, delivery, storage and
analysis. These features and functions are delivered through proprietary
software that is available by download.


For further information please contact:

Jing Wu
China Finance Online Co. Limited
Tel: (+86-10) 6621-0425
Email: ir@jrj.com