GIB Capital (GIBX) 8-K Changes in Registrant.s Certifying Accountant

EXHIBIT 16.1

Ernst & Young LLP
Chartered Accountants
Pacific Centre
700 West Georgia Street
P.O. Box 10101
Vancouver, BC  V7Y 1C7 Phone: (604) 891-8200
Fax:     (604) 643-5422

July 27, 2006


Securities and Exchange Commission
100 F Street, N.E.
Washington, DC 20549
Gentlemen:

We have read Item 4.01 of Form 8-K dated July 24, 2006 of Xinhua China Ltd. and are in agreement with the statements contained in paragraphs 1 and 2 therein. We have no basis to agree or disagree with other statements of the registrant contained therein.


Yours truly
/s/ Ernst & Young LLP

A Member of Ernst & Young Global