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HONG KONG, June 30 (Xinhua) -- The renminbi deposits with authorized institutions in Hong Kong rose 0.8 percent in May to 53. 4 billion yuan (7.8 billion U.S. dollars), representing about 2 percent of the foreign currency deposits, the Hong Kong Monetary Authority said Tuesday.     The total deposits rose 2 percent in the same month, with the HK dollar deposits rising 2.7 percent as the expansion in demand and savings deposits exceeded the contraction in time deposits.     Foreign currency deposits climbed 1.4 percent.     Seasonally-adjusted HK dollar M1, the narrowest measure of money supply in an economy, rose 9.6 percent in May and 26.8 percent from a year earlier. Unadjusted HK dollar M3, the broader measure, grew 2.5 percent in May and 8.1 percent year on year.     Hong Kong, a southern Chinese special administrative region and free trade hub, has been trying to foster the development of RMB financial market recently with a pilot scheme using yuan for cross- border trade settlement and the issuing of yuan-denominatedbonds in Hong Kong by local and foreign banks operating in the mainland.

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BEIJING, June 10 (Xinhua) -- China hopes to deepen economic and trade cooperation with Kyrgyzstan for mutual benefit, Chinese Vice Premier Wang Qishan said here on Wednesday.     Wang made the remarks at his meeting with visiting first deputy prime minister of Kyrgyzstan Omurbek Babanov. Chinese Vice Premier Wang Qishan (R) shakes hands with Kyrgyzstan's First Deputy Prime Minister Omurbek Babanov during their meeting in Beijing, capital of China, on June 10, 2009. Babanov paid his visit to China to attend the 8th meeting of the China-Kyrgyzstan joint commission on economic and trade cooperation.     Expressing his congratulations on the successful conclusion of the meeting, Wang said the two countries enjoyed deepening mutual political trust and sound development of economic and trade cooperation in recent years.     Wang also expressed China's hope for the two sides to strengthen feasibility study of important cooperative projects.     Babanov said Kyrgyzstan was ready to boost bilateral cooperation in all fields, in efforts to push forward bilateral relations.     Kyrgyzstan is a member of the Shanghai Cooperation Organization(SCO), a regional organization which also comprises China, Russia, Kazakhstan, Tajikistan and Uzbekistan.     Chinese President Hu Jintao will attend the ninth SCO annual summit on his state visit to Russia from June 14 to 18. Leaders are expected to discuss measures on tackling the economic downturn as well as expanding economic cooperation.

PRAGUE, May 20 (Xinhua) -- Chinese Premier Wen Jiabao on Wednesday held the 11th China-European Union (EU) summit here with Czech President Vaclav Klaus and European Commission President Jose Barroso.     The Czech Republic now holds the rotating presidency of the EU.     The three leaders, in a frank, practical and friendly atmosphere, thoroughly exchanged views and reached important consensus on how to further develop the China-EU comprehensive strategic partnership, and jointly deal with the global financial crisis as well as climate change.     Wen said the development of the China-EU relations embodies the mutually beneficial cooperation between the biggest developing country and the biggest bloc of developed countries, and the friendly exchanges between the two major ancient civilizations.     The summit is a frank dialogue between countries with different social systems, which conforms to the historical trend, meets the requirement of the advancing of the times, and benefits the Chinese and European people and the whole international community, he said. Chinese Premier Wen Jiabao (2nd R) poses together with European Commission President Jose Manuel Barroso (1st R), Czech President Vaclav Klaus (2nd L), whose country holds the rotating EU presidency, and EU foreign policy chief Javier Solana at the 11th China-EU Summit in Prague, Czech Republic, May 20, 2009The common and harmonious development of China and Europe is fundamentally helpful to the world's harmony and sustainable development, the Chinese premier added.     Wen said the core of the China-EU ties lies in their strategic importance, while the bilateral relations are featured with comprehensive substance, and the key to their development is to advance with the times.     Under the current complex and volatile international political and economic situations, China and the EU should stick to the basic principle of strategic partnership, and take the expansion of practical cooperation as a major point, he said.     China and the EU should strengthen confidence, jointly move forward, and push forward the sustainable development of bilateral relations in an in-depth and all-around way, Wen said.     Wen said both sides should give full play to the role of the China-EU summit in strategically guiding the development of the bilateral ties. Other dialogue mechanisms, such as high-level economic and trade talks, should further promote exchanges and cooperation in various sectors, he said. Chinese Premier Wen Jiabao (L), Czech President Vaclav Klaus (C), whose country holds the rotating EU presidency, and European Commission President Jose Manuel Barroso attend a press conference after the 11th China-EU Summit in Prague, Czech Republic, May 20, 2009. Both sides should also give full play to the role of legal framework as a stabilizer, and reach a deal on the China-EU Partnership and Cooperation Agreement (PCA) as soon as possible, Wen said.     In January 2007, China and the EU began substantial negotiations on the PCA, which would serve as a framework agreement encompassing the full scope of their bilateral relationship.     The key to China-EU strategic cooperation is the principle of mutual respect and non-interference in each other's internal affairs while taking into consideration each other's core concerns and properly handling sensitive issues, Wen said.     The bilateral relations should not be adversely affected by individual incidents, said the premier.     Wen also expressed hope that the EU would recognize China's market economy status and lift the arms embargo against China at an early date, which he said is in the interest of both the EU and China-EU ties.     Meanwhile, the EU side said the EU-China relations are very important, both strategically and comprehensively, and have a huge potential for development.     The EU attaches great importance to its dialogue and cooperation with China and remains actively dedicated to further deepening the China-EU Comprehensive Strategic Partnership, it said.

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BEIJING, June 2 (Xinhua) -- The China Investment Corporation (CIC), the country's sovereign wealth fund, announced Tuesday that it decided to buy 1.2 billion U.S. dollar common stocks in Morgan Stanley's 2.2-billion-U.S.-dollar common stock offering.     Morgan Stanley announced Tuesday it had priced a public offering of common equity of 2.2 billion U.S. dollars. The proceeds are intended to fully redeem the preferred capital of the Troubled Asset Relief Program (TARP) before the end of June.     The TARP is a program of the United States government to purchase assets and equity from financial institutions in order to strengthen its financial sector. It is the largest component of the U.S. government's measures in 2008 to address the subprime mortgage crisis.     Morgan Stanley notified the CIC of the offering in light of its healthy business relationship with CIC and the preemptive rights CIC holds. CIC plans to participate in this offering, according toa notice on its Web site.     CIC was optimistic in Morgan Stanley's future development as "Morgan Stanley is widely expected to be able to leverage on its strengthened financial position and will be on the road of resuming its successful trajectory amid the dramatic restructuring of the international financial services industry".     On December 19, 2007, CIC purchased 5.6 billion U.S. dollars mandatory convertible securities into Morgan Stanley common stock, representing approximately 9.86 percent equity ownership in Morgan Stanley.     However, after Mitsubishi UFJ Financial Group, Inc.'s investment in Morgan Stanley in October 2008, CIC's equity ownership was diluted to approximately 7.68 percent.     This new purchase would bring CIC's equity ownership in Morgan Stanley back to approximately 9.86 percent, effectively reducing CIC's overall cost basis and increasing the returns potential, said CIC.     According to a statement posted on Morgan Stanley Web site Tuesday, it has priced a public offering of approximately 80.2 million shares of common stock to the public at 27.44 dollars per share.     CIC has agreed to purchase 44.7 million shares of common stock at the public offering price while the Mitsubishi UFJ Financial Group, Inc. has agreed to buy 16 million shares, the Morgan Stanley statement said.

BEIJING, May 26 (Xinhua) -- China's central government has allocated 270 billion yuan (about 39.7 billion U.S. dollars) for infrastructure investment so far this year, a National Development and Reform Commission (NDRC) official told legislators Tuesday.     That amount is part of a planned total of 367.6 billion yuan in the 2009 central budget.     Adding another 30 billion yuan from last year's budget meant that the country had already allocated 300 billion yuan to infrastructure investment since the fourth quarter of last year, NDRC vice director Mu Hong told legislators.     The NDRC is China's top economic planning body.     Mu made his comments during a session on major public investment projects held by the Standing Committee of the National People's Congress, the top legislature.     The money is also part of the 4-trillion-yuan, two-year stimulus plan announced late last year as the economic downturn deepened.

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BEIJING, July 13 (Xinhua) -- Chinese Vice President Xi Jinping on Monday urged Communist Party members and government officials to put more efforts in finding and correcting problems that may hinder scientific development and taint the image of the Party.     Xi, also member of the Standing Committee of the Communist Party of China (CPC) Central Committee Political Bureau, made the remarks during a meeting on the implementation of the Scientific Outlook on Development.     In September 2008, the CPC launched a one and a half year campaign to study and apply the Scientific Outlook on Development, a doctrine adopted by the Party at the 17th CPC National Congress in October 2007.     A total of 11 inspection teams were organized recently to check the results of the campaign in 16 provinces and autonomous regions as well as six central government departments including the Ministry of Environmental Protection, Ministry of Culture and Ministry of Agriculture.     Xi said the campaign had achieved obvious effects as many Party members had deeper understanding of the Scientific Outlook on Development.     However, Xi stressed Party members and officials still needed to do much more work to fully realize the problems in their work and learn to solve them.     "Coping with the financial crisis, ensuring steady and rapid economic development and the stability of society should be an important part of the campaign," he said.

BEIJING, April 24 (Xinhua) -- Chinese Vice Premier Li Keqiang has called for stepped-up recycling to achieve better use of resources.     Li made the comments during a visit to pilot enterprises Thursday. He also attended a forum on the development of recycling economy.     Li emphasized the importance of recycling and urged companies to cultivate new areas of economic growth, as the global financial crisis still weighed on the real economy. Chinese Vice Premier Li Keqiang (2nd R Front) listens to an official of Shenhua Group Company introducing how to realize the development of the recycling economy in Beijing, capital of China, April 23, 2009. Promoting recycling would not only improve the use of resources and protect the environment, it would also help companies become more profitable, he said.     Enterprises should employ advanced technology and equipment and improve their management to achieve the most efficient use of resources with the lowest level of pollution and wastes, he said.     Li stressed technological progress and innovation, especially in key industries and major enterprises, and called for increased investment to support the development of recycling.     From late April to August, about 100 academicians, experts and work staff would be sent to companies and grassroots units nationwide to do research and provide guidance on recycling.

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BEIJING, June 13 (Xinhua) -- The Chinese mainland confirmed 22 new A/H1N1 flu cases Saturday, bringing the total to 165, with no reports of deaths. Four new cases each were confirmed in Guangdong and Fujian provinces, three each were confirmed in Shanghai and provinces of Sichuan and Hubei, and two each in Zhejiang and Hainan provinces, the Ministry of Health said in the latest report. A worker tests a temperature monitor in the Xingang dock in Haikou, capital of south China's Hainan Province, June 13, 2009. Hainan confirmed its first A/H1N1 flu case, a female college student, on Friday night    The other case was reported in Beijing, the ministry said.     According to local health authorities, 38 confirmed A/H1N1 flu cases have been reported in Beijing, 37 in Guangdong, 25 in Fujian,17 in Shanghai, 15 in Sichuan, nine in Hubei, six in Zhejiang, four in Tianjin, three each in Shandong and Hainan, two in Hunan, and one each in Shanxi, Henan, Jiangxi, Guizhou, Jiangsu and Liaoning.

BEIJING, May 31 (Xinhua) -- The Beijing mansion of former Chinese Honorary President Soong Ching-ling reopened to the public on Sunday after a two-year renovation and restoration project.     Rebuilt as a museum and memorial, Soong Ching-ling's former residence will have on display more historical artifacts used by Soong and her husband Sun Yat-sen, the pioneering Chinese revolutionary and political leader. Jia Qinglin (R Front), chairman of the National Committee of the Chinese People's Political Consultative Conference, visits the former residence of Soong Ching Ling in Beijing, capital of China, May 31, 2009Top political advisor Jia Qinglin Sunday paid his respects at Soong's statue at the former residence.     Soong (1893-1981) married Sun Yat-sen in 1915 and fought for China's independence and liberty. She devoted herself to education and health affairs for children and women after the People's Republic of China was founded in 1949. Jia Qinglin (C Front), chairman of the National Committee of the Chinese People's Political Consultative Conference, poses with guests for a group photo ahead of the re-opening ceremony of the former residence and life exhibition of Soong Ching Ling in Beijing, capital of China, May 31, 2009Du Qinglin, head of the United Front Work Department of the Communist Party of China Central Committee, said Sunday at Soong's former Beijing residence that the China Soong Ching Ling Foundation should continue to promote China's social progress and cooperation across the Taiwan Strait.Jia Qinglin (L), chairman of the National Committee of the Chinese People's Political Consultative Conference, talks with guests ahead of the re-opening ceremony of the former residence and life exhibition of Soong Ching Ling in Beijing, capital of China, May 31, 2009.

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