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BEIJING, Dec. 16 (Xinhua) -- China issued rules for pilot programs of RMB Qualified Foreign Institutional Investors (RQFII) on Friday, formally giving a green light to investment of overseas RMB funds in mainland securities markets.The move is expected to widen the investment channel of overseas RMB funds and add new momentum to the country's bid to make the RMB an international currency.Hong Kong subsidiaries of fund management companies and securities firms can use RMB funds raised in Hong Kong to invest in mainland securities within a permitted quota, according to the rules jointly released by the China Securities Regulatory Commission (CSRC), the People's Bank of China and the State Administration of Foreign Exchange.The total investment quota of RQFII pilot programs is set at around 20 billion yuan (3.15 billion U.S. dollars), according to the rules.To control risks, qualified investors should invest no less than 80 percent of the RMB funds they raised in fixed-income securities, while investment in stocks and equity funds should account for no more than 20 percent.The CSRC will join other related departments to study the possibility of further expanding the trial program after its launch, said a CSRC official who declined to be identified.The launch of the RQFII will open another significant channel for overseas RMB funds to flow back into the country, said the CSRC official.It will also help diversify investment products for overseas RMB funds and facilitate off-shore RMB business, the official said.The RMB is not fully convertible under the capital account but China has stepped up efforts to make the currency more international over the past few years.The government has encouraged the use of the RMB in cross-border trade and investment settlement and approved foreign direct investment in overseas RMB funds obtained overseas.It also allowed Hong Kong to establish an offshore yuan market and has expanded trade settlement agreements and currency swaps to create more channels for the yuan to circulate outside the mainland.
DUBAI, Oct. 9 (Xinhua) -- While many fairs in crisis-ridden Middle East struggle to attract sponsors and exhibitors, the Gulf Information and Technology Exhibition, or GITEX, which opened Sunday, has a different challenge: a lack of space due to the huge number of participants and professional visitors.The largest information and communication technology (ICT) trade fair in the Middle East occupied the entire 14 halls of the Dubai International Convention and Exhibition Centre in the heart of the sheikhdom. Some 3,500 exhibitors from 57 countries and regions display the latest cry of modern PC office and mobile technology, hard- and software and all kinds of related accessories. Over 130,000 visitors are expected to visit the ICT congress.Kazakhstan, Latvia, Malta, and Morocco participate for the first time. Besides, well-known giant brands such as Huawei, Intel, Microsoft or Blackberry, hundreds of small and medium enterprises participate this year."We are exhibiting for the second time here. It is worth coming, " said Dr. Andrej Vckovski, CEO of Swiss enterprise software producer netcetera from Zurich. "We already won a contract from the Health Authority in Abu Dhabi and we plan to expand to Qatar."The annual ICT spending in the Gulf Arab region alone is expected to grow by 15 percent and to reach 180 billion U.S. dollars in 2014.While e-users still have to wait for Windows 8 from Microsoft, Huawei Technologies demonstrates its latest Cloud Computing solutions. Cloud Computing describes the process where many firms share the same server simply through software, instead of running expensive independent servers at their premises.The fair has also a lot of firsts on its agenda. Nokia launches the N9 mobile phone in the region for the first time. Research in Motion or RIM from Canada shows its new Bold 9900 Blackberry smart phone. Panasonic showcases its planned solar-energy run community for 3,000 citizens in Fujisawa near Tokyo."We plan to finish construction and launch this full-fledged Green Community in 2018, when Panasonic will celebrate its 100 years anniversary," said Muneo Yamamoto, Technical Manager Systems Solutions at Panasonic.Symantec launches Endpoint Protection 12, Cloud Security software. "Security is currently the top priority for organizations across the Middle East," explained Bulent Teksoz, Chief Security Strategist for Emerging Markets at Symantec.According to the NASDAQ-listed software provider, 76 percent of United Arab Emirates residents have fallen victim to Cyber Crime in 2010, and Saudi Arabia remains the most spammed country in the world, with a spam rate of 84 percent, albeit global spam is decreasing.A parallel Gitex conference hosts leading experts from the ICT industry for presentations and discussions around the latest trends and challenges. For retail consumers, the Gitex Shopper Fair at the Dubai Airport Expo offers everything from laser printers to iPads, from Smart Phones to CD. Due to the discount sellers offer at the Gitex Shopper, the consumer fair is a popular hub for bargain hunters.
BEIJING, Jan. 19 (Xinhua) -- A senior official of the Communist Party of China (CPC) on Thursday extended festival greetings to members of the judiciary and police officers of Beijing, ahead of the country's Lunar New Year which falls on Jan. 23.Zhou Yongkang, secretary of the Committee of Political and Legislative Affairs of the CPC Central Committee, met with traffic police, firefighters, armed policemen, prosecutors and judges, prison guards, and families of police officers who died on duty.He urged the judiciary and police to give top priority in 2012 to maintaining social stability in the capital in the run-up to the CPC's 18th national congress.Zhou Yongkang (R front), a member of the Standing Committee of the Political Bureau of Communist Party of China (CPC) Central Committee and also secretary of the CPC Central Political and Legislative Affairs Committee, shakes hands with an armed policeman on duty at a troop station in Beijing, capital of China, Jan. 19, 2012. Zhou visited traffic police, firefighters, armed policemen, justices and procurators, jail police, and families of policemen who died on duties in Beijing on Thursday and extended festival greetings to them ahead of the Lunar New Year, which falls on Jan. 23 this year.He also noted the judiciary and police have completed tasks with honor over the past year, making great contributions to the stability of Beijing and the entire country.Zhou, also a member of the Standing Committee of the Political Bureau of the CPC Central Committee, expressed his appreciation to those armed police on duty during Spring Festival.While visiting a district-level court and procuratorate, Zhou urged staff of the judiciary to attach great importance to providing services, so to improve public confidence in the country's justice system.During his visit to Beijing's fire command headquarter, Zhou urged officers to be high on alert during Spring Festival, to prevent disastrous accidents and ensure the city's residents have a safe and happy holiday.
CHANGCHUN, Nov. 13 (Xinhua) -- An infrared camera set up by the World Wildlife Fund (WWF) and forestry authorities in northeast China's Jilin province has captured images of a wild Siberian tiger in the Wanda Mountains.Zhu Jiang, head of the WWF Northeast China Program Office, said Saturday that the photos, taken earlier this month, are the first images of a wild Siberian tiger taken in the mountainous area.He said the evidence consolidates the mountains' role as an important habitat for the endangered species, and reinforces the need for local authorities to tighten protection measures, especially clearing animal traps and improving animal rescue efforts.The agency estimates that there are fewer than 20 wild Siberian tigers remaining in China. They live in mountains in the northeastern Heilongjiang and Jilin provinces.Zhu said animal traps still pose a major threat to the safety of wild Siberian tigers and their prey.A wild Siberian tiger was found dead with a trap around its neck in the city of Mishan, Heilongjiang, in October.A WWF survey found an average of 1.6 traps for every 10 km of distance covered in the Siberian tiger nature reserves in Heilongjiang and Jilin last winter."The WWF hopes to cooperate with local governments to protect Siberian tigers and restore their habitats," Zhu told Xinhua. "We aim to help double the population of wild Siberian tigers in China by 2022, the next Year of the Tiger," he said.
WASHINGTON, Oct. 3 (Xinhua) -- Overweight or obesity may put children at three times greater risk for high blood pressure than those of normal weight, according to researchers from the Regenstrief Institute and Indiana University (IU) School of Medicine.Their study will appear in the November issue of Hypertension: Journal of the American Heart Association with advance online publication on Monday.More than 1,100 healthy Indiana school children were followed for nearly five years. The researchers found that when body mass index (BMI) reached or exceeded the 85th percentile for the age and gender of the child -- designated as being overweight -- the risk of high blood pressure nearly tripled. Obesity was defined as a BMI percentile higher than 95th. BMI is a measurement of body fat calculated from weight and height.Among study participants, 14 percent of overweight or obese children were pre-hypertensive or hypertensive, compared with 5 percent of normal weight children. These findings were consistent across age, gender and race.The average age at time of study enrollment was 10.2 years. Each child was assessed approximately eight times during the course of the study. All were healthy children and none were taking medication affecting blood pressure."Higher blood pressure in childhood sets the stage for high blood pressure in adulthood," said Regenstrief Institute Investigator Wanzhu Tu, professor of biostatistics at IU School of Medicine, who led the study. "Targeted interventions are needed for these children. Even small decreases in BMI could yield major health benefits."The researcher also found that leptin, a protein hormone which is involved in body weight regulation and metabolism, was positively associated with increased blood pressure in overweight and obese children.