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BEIJING, Jan. 7 (Xinhua) -- Chinese Vice Premier Zhang Dejiang Friday called for improving the management and supervision of China's state-owned assets and promoting the development of state-owned enterprises (SOEs), to preserve and increase the value of state property.Chinese state assets management and supervision authorities should work to improve monitoring systems and boost the scientific development of state-owned economies, as Chinese SOEs will face the "pressing task" of reform and development over the next five years, Zhang told a national conference on state assets supervision and management.Chinese SOEs progressed rapidly in the previous five years, he said, adding that state-owned economies play an important role in the development of the Chinese economy.Zhang urged state assets management and supervision authorities to further improve the organizational and legal systems, accelerate the reform of SOEs, and transform the development pattern of SOEs, which are responsible for taking the lead in China's scientific innovation and making contributions to the nation's development.
BEIJING, Dec. 23 (Xinhua) -- Industrial and Commercial Bank of China (ICBC), China's largest lender by market value, announced Thursday that it has completed its 44.9 billion yuan(about 6.75 billion U.S. dollar) rights issue in Shanghai and Hong Kong.The dual-listed lender said in a statement to the Shanghai Stock Exchange that it had raised 13.04 billion Hong Kong dollars (about 11.18 billion yuan) from the Hong Kong portion of its rights issue by selling 3.74 billion shares at a price of 3.49 Hong Kong dollars.The Beijing-based bank said it had sold 11.3 billion shares at 2.99 yuan in the Shanghai market, which was 99.72 percent subscribed and had raised 33.67 billion yuan in late November.The ICBC said the fund raising aimed to replenish its capital base.The bank's core capital adequacy ratio stood at 9.33 percent by the end of September this year, while its capital adequacy ratio was 11.57 percent. In the first three quarters of this year, the ICBC saw net profits up 27.1 percent year on year to 127.8 billion yuan.Shares of the bank closed flat at 4.18 yuan in Shanghai and was down 0.35 percent to 5.7 Hong Kong dollars in Hong Kong.

HANGZHOU, Dec. 24 (Xinhua) -- Fire engulfed an electric appliance store in east China's Zhejiang Province Friday night, local police said.Flames broke out at around 8:30 p.m. at a store of GOME, China's leading electric appliance franchiser, in downtown Jinhua City, Zhejiang, according to the police.The store occupies the first three floors of a 13-storey residential building. The store was in business when the fire broke out."The fire has engulfed six floors of the building so far. At least 10 people from the upper residential apartments have been transferred to safer places by firefighters as of 9:50 p.m.," said a witness.The witness said there were people trapped on the 12th floor of the building, but the exact number of the trapped remained unknown.Ambulances are waiting on the road. So far, no casualties were reported.Fire fighters continue rescuing people from the upper floors by stairs.
BEIJING, Nov. 11 (Xinhua) - Chinese Vice Premier Li Keqiang said that China will firmly embrace green and low-carbon development ideals and step up efforts in saving resources and protecting the ecological environment.China will strive to transform its economic growth model in a bid to build an energy-saving and environmentally-friendly society, Li said Wednesday at the annual meeting of the Council for International Cooperation on Environment and Development.He said China will promote development of the emerging industries of strategic importance, hi-tech industries and modern service industries, conduct technological innovation on traditional industries and continue efforts in eliminating backward production capacities to maintain a sustainable development.Chinese Vice Premier Li Keqiang (C), also a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee and head of China Council for International Cooperation on Environment and Development (CCICED), attends the opening ceremony of the 2010 Annual General Meeting of the CCICED in Beijing, capital of China, Nov. 10, 2010. Further, China will ramp up its efforts in sewage treatment and building clean energy facilities, and concentrate on solving prominent environmental problems that affects people's lives, Li said.He also urged protecting the nation' s major ecological conservation areas and facilitating biological diversity.Facing the climate change challenges, the international community should actively work together on the basis of the U.N. Framework Convention on Climate Change and the Kyoto Protocol and under the principle of "common but differentiated responsibilities", and strive for a successful Cancun conference, Li said.
来源:资阳报