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BEIJING, June 10 (Xinhua) -- China is ready to end a de facto suspension of initial public offerings (IPOs) on the Shanghai and Shenzhen stock exchanges, after the securities regulator unveiled Wednesday the final guidelines for new IPOs.     The China Securities Regulatory Commission (CSRC) said the guidelines would take effect Thursday.     An unidentified CSRC spokesman said the commission will give approvals to applying firms any time after the guidelines become effective.     The commission announced draft guidelines on May 22 to solicit public opinions till June 5. The new guidelines aim to improve the price discovery function of the stock market, and help retail investors subscribe to newly issued stocks.     The draft said the quotation system for new issues should be revised so that issue prices faithfully reflect market demand, and lead underwriters should take steps to avoid "unreasonably" high prices.     Under the new rules, stock subscribers need to use either the online or off-line subscription system, but not both, to purchase new stocks. Institutional investors used to enjoy the privilege of subscribing through both systems, while retail investors could use only the off-line system.     Three revisions were made to the draft to follow public advices that the commission deemed reasonable.     The final version said a single investor is refined to use one account only to purchase new stocks, as some institutional investors have multiple accounts. The revision is aimed to help more smaller investors get access to new stocks.     In addition, the commission said it would consider to increase the number of tradable stocks in response to suggestions the lock-down of too many stocks would do no good to curb speculation.     However, the spokesperson said shares lock-down of large shareholders would remain in place, as it is aimed to prevent frequent changes in managerial staff that could jeopardize a firm's operation and create risks and the practice is followed on many overseas markets.     The commission also added the content about improving the "clawback" and the offering suspension mechanisms upon requests of the public. The "clawback" mechanism is used in the event that the deal is subscribed by 100 times or more.     The CSRC effectively suspended all new stock issues last September, as it halted approvals. Since then the stock market has plunged more than 50 percent from its peak 6124.04 in October 2007,compared to Wednesday's closing.     The CSRC spokesman anticipated that the first few new IPOs may not be satisfactory (in boosting the market), but he believed that the goals of the new guidelines could be achieved over time, which would play a positive role in boosting the market in the long run.     A total of 32 firms are on the waiting list to launch their IPOs on the A-share market, expecting to issue a combined more than 14 billion shares.     China State Construction Engineering Corp. is expected to issue12 billion shares.

URUMQI, July 11 (Xinhua) -- The Xinjiang branch of China Charity Federation said Saturday it had received 2.03 million yuan (297,218 U.S. dollars) in donation from all walks of life for victims in the Urumqi riot.     The single largest donation is 200,000 yuan from the Xinjiang company of China Pacific Life Insurance Co., Ltd., said the federation.     Wu Jie, an employee of the insurance company, said she would like to do something for the dead and injured people. "We need to comfort the families of the dead and help the people who need medical treatment."     Maolaxifu Rishat, a businessman of the Tartar ethnic group who was the first to propose a comfort fund for riot victims, donated 5,200 yuan on behalf of 14 donators from 14 different ethnic groups.     "We pray for national unity in Xinjiang, so that we can have a peaceful and harmonious environment," he said.     Urumqi Public Transport Group, which suffered 37.6 million yuan as hundreds of its buses were torched or smashed, received 3.38 million yuan in donation from enterprises in the city. Five bus drivers of the group were killed by mobs and 57 others injured.     The riot in Xinjiang on July 5, the worst in six decades, caused a severe shortage of blood at local hospitals where more than 1,000 injured people were rushed in.     Shortly after the shortage was reported, many citizens rolled up their sleeves to donate blood.     On Friday, Urumqi's blood center announced the shortage had been eased, but donors continued to pour in.     A total of 1,315 people from 13 ethnic groups had come to the blood collection stations to donate 400,000 milliliters of blood as of 10 p.m. Friday. More than 1,000 other people have made appointments with blood collection centers to donate blood in the coming days.

SHANGHAI, July 17 (Xinhua) -- U.S. Commerce Secretary Gary Locke said in Shanghai Friday that he expected cooperation between China and the United Stated in the fields of clean energy technology and carbon emission elimination would benefit both countries in the campaign against climate change.  "I believe there is great opportunity for greater cooperation between United States and China," said Locke, a Chinese American, in his speech at a welcome ceremony jointly hosted by American Chamber of Commerce in Shanghai and the US-China Business Council.     His audience included dozens of Chinese businessmen from across the country and representatives of international corporations with branches in Shanghai.     "I want China and the United States to lead the world and save the planet from irreversible climate change. U.S. Commerce Secretary Gary Locke delivers a speech at a welcome reception hosted by the American Chamber of Commerce in Shanghai and the United States-China Business Council, in east China's Shanghai, July 17, 2009.     "We all share the same atmosphere, and if we do not act, we will all suffer from the coastal flooding, unpredictable weather and agricultural damage," he added.     Locke spoke highly of China's efforts in eliminating carbon emissions. He said that developing new clean energy could create jobs in America, help promote renewable energy and curb pollution in China.     "So much of U.S. direct investment in China created win-win opportunities for both workers in America and workers in China and benefit the climate in the world and planet as well," Locke said.     He later attended the cornerstone laying ceremony of the United States Pavilion at the Shanghai Expo site.

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BEIJING, July 19 (Xinhua) -- Scholars and officials from other countries have strongly denounced the July 5 riot in Urumqi, capital of China's Xinjiang Uygur Autonomous Region, and expressed their

BEIJING, May 5 (Xinhua) -- With the influenza A/H1N1 already spreading to more than 20 countries and regions, China is taking swift actions to keep the deadly virus at bay, while both the world health body and the country itself have defended the strict quarantine policies the government has adopted. Passengers of T98 train go through customs at Beijing West Railway Station in Beijing, capital of China, May 5, 2009. T98 train connecting Kowloon and Beijing arrived here Tuesday. This was the first arrival of a train from Hong Kong in Beijing since the first human influenza A/H1N1 case was confirmed in Hong Kong, south China, on May 1.CABINET DECISION     The country will continue to impose strict medical examinations and follow-up checks on travelers from flu-affected countries and regions to prevent influenza A/H1N1, the State Council (cabinet) said here Tuesday.     Vehicles and cargo from flu-affected countries and regions will be disinfected, it said in a statement after a meeting presided over by Premier Wen Jiabao.     The central government will allot 5 billion yuan (725 million U.S. dollars) for flu prevention and control, it said.     The government will also step up research of vaccines and medicines, including alternative treatments of traditional Chinese medicine, according to the statement.     The mainland will cooperate with Hong Kong, Macao and Taiwan, and China will provide financial and technical support for countries and regions that need assistance, the statement said.     The agriculture authorities would tighten monitoring of pig farms, slaughterhouses and livestock markets, it said. 　　CANADIAN STUDENTS QUARANTINED     China defended on Tuesday its quarantine of 25 Canadian students in Changchun, capital of northeastern Jilin Province, saying it was in accordance with law and the Canadians had assented to it. Mexicans board a chartered plane in Shanghai, east China, May 5, 2009. A Mexican chartered plane carried 43 quarantined Mexicans and 34 others back to Mexico Tuesday. Those on the plane included 43 crew members and passengers on board the AM098 and 34 others who worked and lived in China but were not under quarantine. The passengers were quarantined after one Mexican passenger was diagnosed with the influenza A/H1N1 on board flight AM098 from Mexico to Shanghai. Other six Mexican passengers volunteered to stay in the city and live under quarantineThe students began a seven-day quarantine period at a hotel on May 2 when they arrived, the same day that Canada confirmed 51 cases of A/H1N1 epidemic infection, said Foreign Ministry spokesman Ma Zhaoxu.     Canada has recorded up to 140 cases of A/H1N1 flu by Tuesday, the third-highest figure following Mexico and the United States.     Ma said the quarantine was in line with the Law on the Prevention and Treatment of Infectious Diseases and Frontier Health and Quarantine Law of China.     The students were being well treated, and the authorities had made favorable arrangements for their residence, food and health care.     None of the students showed any signs of illness and they were satisfied with the situation, said Ma.     The local government had informed the Canadian embassy in China of the quarantine on May 3, and the two countries had been in close contact regarding the virus, he said. Ambulances carrying Mexican nationals head for the Pudong international airport in Shanghai, east China, May 5, 2009. A Mexican chartered plane carried 43 quarantined Mexicans and 34 others back to Mexico Tuesday. Those on the plane included 43 crew members and passengers on board the AM098 and 34 others who worked and lived in China but were not under quarantine. The passengers were quarantined after one Mexican passenger was diagnosed with the influenza A/H1N1 on board flight AM098 from Mexico to Shanghai. Other six Mexican passengers volunteered to stay in the city and live under quarantineCHARTERED FLIGHTS BETWEEN CHINA, MEXICO     A total of 79 Chinese citizens left Mexico City early Tuesday aboard a chartered flight sent by the Chinese government. The plane took off from international airport Benito Juarez at about 3:05 a.m. local time (0805 GMT), heading towards Tijuana, northern city on the U.S.-Mexico border, to lift 20 more Chinese before returning to China.     But due to bad weather, the had to land in Los Angeles, the flight operator said. The plane landed in Los Angeles at around 9p.m. (6 a.m. local time, 1300 GMT), China Southern Airlines said, adding it depends on the weather as to when the plane will leave for Tijuana.     China sent the chartered flight after an agreement with Mexico, the epicenter of the A/H1N1 flu outbreak, to send chartered flights to each other's countries to bring back their stranded nationals.     The aircraft Boeing 777-200 is expected to return to Shanghai at 10 a.m. Wednesday local time (0200 GMT), its operator Guangzhou-based China Southern Airlines said.     China suspended direct flights from Mexico to Shanghai since Saturday after a 25-year-old Mexican man, who arrived in Shanghai Thursday aboard flight Aeromexico 098, was later diagnosed with A/H1N1 flu in Hong Kong. A medical staff member walks past ambulances carrying Mexican nationals in Shanghai, east China, May 5, 2009. A Mexican chartered plane carried 43 quarantined Mexicans and 34 others back to Mexico Tuesday. Those on the plane included 43 crew members and passengers on board the AM098 and 34 others who worked and lived in China but were not under quarantine. The passengers were quarantined after one Mexican passenger was diagnosed with the influenza A/H1N1 on board flight AM098 from Mexico to Shanghai. Other six Mexican passengers volunteered to stay in the city and live under quarantineAlso on Tuesday, a Mexican chartered plane arrived at the Shanghai Pudong International Airport on Tuesday to pick up the quarantined Mexicans who had been on the same flight with the victim.     Andres Pena, vice consul-general of Mexico in Shanghai, said those who got on the plane included 43 crew and passengers on board the AM098 and 34 others, who worked and lived in China but were not under quarantine. 　　WHO DEFENDING QUARANTINE     The Mexican government on Monday complained China's decision to quarantine the Mexican nationals in China.     However, World Health Organization (WHO) flu chief Keiji Fukudasaid quarantines were a "long-established principle" that make sense in the early phases of an outbreak.     "There are other countries that are taking similar actions like China, so I don't think China is standing out in this respect," said Dr. Hans Troedsson, WHO representative in China.     Wen Li, a Chinese citizen, who is under quarantine in Beijing, said she was called by disease control staff at midnight on Saturday to be placed under quarantine because she was a passenger on the AM098 flight.     "I think the quarantine is necessary and responsible for everybody, regardless of nationality," said the woman, adding that her quarantine is expected to end Wednesday evening or Thursday. 　　MASKS IN STRONG DEMAND     The ongoing worldwide A/H1N1 flu scare has led to strong demand for masks at the ongoing 105th China Import and Export Fair, also Canton Fair.     "Customers came to our booth, putting their hands on mouth to signal that they want to buy masks. There are so many customers that we are running out of stock," said Li Yan, saleswoman of Conghua Puyuan Health Articles Factory in southern China's Guangdong Province, Tuesday.     Business people from across the world gathered at booths selling medicine and health material at the fair. It was even more crowded at booths selling masks and thermometers.     Fuzelong, a Guangzhou-based medical material company, said they have won orders for 3 million masks over the past three days, compared with no more than 500,000 masks during previous fairs.     The traditional Chinese medicine, which doctors say will help protect people from flu virus, also drew attention. Qi Haidong, manager of a Guangzhou-based pharmaceutical company, said the Chinese herbal medicine for treating colds Radix Isatidis sold well.     MAN NABBED FOR SELLING FAKE DRUG     There are other people who want to cash in on people's fear over the killer flu. Chinese border police Tuesday arrested a man for selling fake influenza A/H1N1 medicine to foreign ship crews in Shanghai.     The man, a rural migrant worker from central China's Hunan Province was found to have sold so called "miracle" medicine to foreign crews at the Shanghai port.     If any foreign crew members showed flu symptoms, they should see doctors rather than believe some so-called "miracle" medicine, police said

BEIJING, May 19 (Xinhua) -- The 11th China-European Union (EU) summit, after being postponed from December in France due to well-known reasons, will be held on Wednesday in the Czech capital of Prague.     The resumption within half a year shows that China and the EU can endure all kinds of difficulties and tests, and shows the common desire of both sides to consolidate and develop the bilateral relationship, and indicates that the China-EU comprehensive strategic partnership is at a new historical threshold.     At the beginning of China's Lunar New Year, Chinese Premier Wen Jiabao made a "journey of confidence" to the EU headquarters and four European countries, which hugely promoted the two sides' confidence of cooperation.     During his visit, Wen agreed with European Commission President Jose Manuel Barroso that enhanced China-EU cooperation bears significance for the world and the China-EU summit would be held as soon as possible in 2009.     Besides, as the relationship between China and France gradually improved, conditions for the summit were ripe.     The upcoming summit will take place when the international situation is much different from earlier in the year. The global financial crisis has caused damage to the real economy, and A/H1N1influenza is posing a challenge to both China and Europe.     In this scenario, Premier Wen's attendance at the summit not only demonstrates China attaching great importance to the China-Incomprehensive strategic partnership, but also China's determination and sincerity to join hands with the EU to deal with global issues such as the financial crisis.     The summit will also help stabilize the China-EU relationship and strengthen its favorable trend of development.     The twists and turns in China-EU relations last year provided an opportunity for reflection. As a high-level EU official said at a recent seminar, China and the EU should seek common ground while reserving differences under the comprehensive strategic partnership, which does not demand identical ideas from both sides.     It will be a wise choice for both sides to respect the core interests of each other and deal properly with differences, compared with which, the China-EU cooperation is definitely the mainstream.     China and the EU attach great importance to each other in their strategic considerations. Both sides have common economic interests and have a broad range of global issues to cooperate on. Therefore, a healthy and stable relationship serves the core interests of both sides. Leaders from both sides need to strengthen dialogue and exchange of contacts from a global strategic perspective on the basis of equality and mutual respect.     In the face of the ongoing global financial crisis, the Prague China-EU summit is expected to push forward bilateral trade and economic cooperation which remains a key element of the China-EU comprehensive strategic partnership.     Last year, the bilateral trade volume exceeded 400 billion U.S. dollars for the first time. The EU remains China's biggest trade partner and largest export market. Recently, the EU became China's largest source of imports while China remains the EU's second largest trade partner. China's steadily growing market presents great opportunities for European enterprises.     However, since the beginning of this year, China-EU trade has been increasingly affected by the financial meltdown. Both sides are facing a key task to strengthen trade and economic cooperation and join hands to tide over the crisis.     Sound cooperation between China and Europe, including participation in each other's stimulus plans, will help both sides fight trade and investment protectionism, boost confidence, and promote early recovery of the global economy.     In December, the UN Climate Chance Conference will be held in the Danish capital of Copenhagen and various parties are still negotiating on a final deal. The Prague summit will help China and Europe to better understand each other's position on the issue and carry out practical cooperation.     In fact, China and the EU have huge potential in cooperating in the fight against climate change. Both sides may expand cooperation in developing new energy and energy saving technologies, promoting a low-carbon economy, and making environment-friendly industries new economic growth sectors.     There is a famous Chinese saying: people should see and tackle their issues from a long-term perspective with an open eye. Since 1975, China-EU ties have been upgraded from the constructive partnership to the comprehensive partnership to the current comprehensive strategic partnership which was established in 2003.This triple-jump process indicates that China-Europe relations are deepening with increasing global strategic significance.     It is believed that the 11th China-EU summit, which has not come easily, will push forward China-EU ties to a new phase of development.

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BEIJING, May 7 (Xinhua) -- Chinese Vice President Xi Jinping has urged universities to reform and improve themselves to turn out more high-quality personnel for the society.     Universities are supposed to produce "qualified builders and reliable successors of socialism with Chinese characteristics," Xi said while touring major Beijing-based universities from Wednesday to Thursday.     Centering on the fundamental task of personnel fostering, he said, universities should reform all concepts and mechanisms that go against the mission, lift the overall quality of teachers, offer better services in helping students find jobs, beef up campus stability, and provide technical service and intellectual support for companies to weather the financial crisis.     He also urged universities to prevent and punish academic corruption.

HONG KONG, July 4 (Xinhua) -- The Bank of China (Hong Kong) Limited (BOCHK), the sole Renminbi (RMB) clearing bank in Hong Kong, announced here Saturday that it will launch RMB clearing services for trade settlement starting from Monday.     BOCHK said it had singed a clearing agreement with the People's Bank of China in relation to RMB business, and will invite banks and other financial institutions participating in trade settlement to sign a new clearing and settlement agreement.     On Wednesday, the People's Bank of China and other departments on the mainland jointly announced the "Administrative Rules on Pilot Program of Renminbi Settlement of Cross-Border Trade Transactions", allowing RMB settlement of cross-border trade transactions for the first time.     "The initiation of the Pilot Program is of particular significance. It will increase the source channels and the usage of RMB funds," said He Guangbei, vice chairman and chief executive of BOCHK.     Under the Pilot Program, enterprises will also have greater flexibility in selecting the settlement currency of cross-border trade transactions as well as increasing their capability to hedge exchange risk, minimize costs, and boost the efficiency and profitability of cross-border trade transactions, he said.     BOCHK, as a participating bank of RMB business, will take the lead in launching a wide spectrum of RMB trade settlement and finance services for its corporate customers to conduct RMB- denominated trade transactions such as remittances, collections and L/C services between Hong Kong and Shanghai, Shenzhen, Guangzhou, Dongguan and Zhuhai, said the vice chairman.

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URUMQI, July 10 (Xinhua) -- China's top leadership has vowed to punish those responsible for Sunday's riot in the northwestern Xinjiang region in accordance with the law and to educate those taking part in it after being deceived by separatists. Zhou Yongkang, a member of the Standing Committee of the Communist Party of China (CPC) Central Committee Political Bureau, said in his tour of the autonomous region on Friday that all available efforts should be mobilized to "win the tough war of maintaining Xinjiang's stability."     The Party's top official in charge of law enforcement stressed that efforts should be made to "resolutely implement" the spirit of the Political Bureau meeting on Wednesday night, and use "tough measures" to ensure stability.     President Hu Jintao on Wednesday night convened a meeting of the Standing Committee of the CPC Central Committee Political Bureau to discuss the deadly Xinjiang riot. Zhou Yongkang (C), member of the Standing Committee of the Political Bureau of the Central Committee of the Communist Party of China, visits Aygul, an injured woman of minority group, at a military hospital in Urumchi, capital of northwest China's Xinjiang Uygur Autonomous Region, July 9, 2009. Zhou started an inspection tour in Xinjiang on Thursday.     The nine Political Bureau Standing Committee members, headed by CPC Central Committee General Secretary Hu, agreed that stability in Xinjiang was the "most important and pressing task," and vowed "severe punishment" of culprits in accordance with the law.     At least 156 people were killed and more than 1,000 injured in the riot on Sunday in Urumqi, capital city of the Xinjiang Uygur Autonomous Region.     Hu cut short his trip to Europe and skipped the G8 meeting due to the situation in Xinjiang. He returned to Beijing Wednesday afternoon.     The meeting said the government would "firmly crack down on serious crimes, including assaults, vandalism, looting and arson."     The Standing Committee ordered authorities to "isolate and crack down on the tiny few" and "unify and educate the majority of masses."     "Instigators, organizers, culprits and violent criminals in the unrest shall be severely punished in accordance with the law," it said. "Those taking part in the riot due to provocation and deceit by separatists, should be given education."     Hu's stance in handling the riot was echoed by Zhou, one of the nine Political Bureau Standing Committee members, who arrived in the region Thursday afternoon.     Zhou said Thursday that the government and the Party would crack down hard on violence, severely punish the outlaws in accordance with the law, so as to protect the lives and property of people of all ethnic groups, safeguard ethnic unity and restore normal social order in the region as soon as possible.     The country's top police officer Meng Jianzhu was the first senior official from the central government to arrive in the Xinjiang region.     When visiting residents injured by the rioters and family members of those victims in Urumqi on Wednesday, the state councilor and public security minister urged "no leniency in the punishment of thugs who took part in the Urumqi riot".     Meng said leading rioters should be punished "with the utmost severity" and those taking part in the riot, who were provoked and cheated by separatists, should be given persuasion and education.     "All the thugs in the riot should be severely punished in accordance with law, otherwise we will let the victims and their relatives down," Meng repeated his comment on Thursday while visiting residents in Urumqi and a funeral parlor to mourn the Armed Police and other victims of the riot.     Senior Chinese leader He Guoqiang also stressed social harmony and stability on Wednesday.     He, a member of the Standing Committee of the CPC Central Committee Political Bureau, made the remarks during a two-day visit to Gansu Province, which neighbors Xinjiang.     "The recent violence in Urumqi... has again alerted us to the importance of social stability. It is our top priority," he said.     He urged Party and government departments at all levels to crack down on the acts of sabotage by hostile forces both at home and abroad, in order to ensure national and ethnic unity and social stability.     The Party's top publicity official Li Changchun on Wednesday called for redoubled efforts to improve education on patriotism and ethnic unity, to create a favorable atmosphere for the celebration of the 60th anniversary of the founding of the People's Republic of China.     Li, also one of the nine Political Bureau Standing Committee members, made the remarks during a three-day visit to the northwestern province of Qinghai, adjacent to Xinjiang.     "In regions inhabited by ethnic minorities, patriotic education must be combined with education on ethnic unity," he said, to let the public understand that "ethnic unity comes with blessings while disunity with woes".

BEIJING, July 5 (Xinhua) -- The Bank of China (BOC), China's largest foreign exchange bank, will transact the first cross-border yuan trade settlement deal Monday, a source with the bank said Sunday night.     The BOC Shanghai branch would receive the first cross-border yuan trade settlement deal from the BOC (Hong Kong) Monday, the unidentified source said.     The payee would be Shanghai Electric International Economic and Trading Co., Ltd. under Shanghai Electric Group Co., Ltd. and the remitter would be the company's business partner in Hong Kong.     China last week issued detailed measures to regulate the pilot program for cross-border trade settled in yuan. The rules specified how to make transactions using Renminbi (RMB) to settle trade with Hong Kong and Macao and regional trade partners.     "The service has drawn much attention and many overseas enterprises had been asking us about it months ago. Why? Because cross-border yuan trade settlement could help enterprises avoid exchange rates risks, lock up financial costs and reckon enterprise anticipated profits," the source said.     "In comparison to convertible currency settlement, it could streamline links and reduce trade cost. It could help enterprises without foreign exchange revenues cut losses from converting foreign exchanges. It could reduce derivative fees in selecting RMB financial products," said the source.     The BOC Shanghai branch has reached tentative agreements with 11 overseas agent banks on yuan trade settlement deals. Now the agent banks in tentative agreements with the BOC mostly are large banks in Asia and they anticipate remarkable demand on yuan settlement, according to the sources.     "We are in talks with banks in the United States and Europe and get very positive feedbacks. Despite some obstacles in cross-border yuan settlement, the trend is good," the source said.