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BEIJING, Oct. 8 (Xinhua) -- The central parity rate of the yuan, China's currency Renminbi (RMB), jumped 181 basis points, or 0.27 percent, Friday to a new record high at 6.6830 per U.S. dollar, according to the data released by the China Foreign Exchange Trading System.Friday's central parity rate beat the previous record of 6.6936 on Sept. 29.The yuan has picked up its strength against the U.S. dollars and seen increased volatility in the trading days since the People's Bank of China (PBOC), the central bank, announced on June 19 this year to increase exchange rate flexibility.Based on Friday's central parity, the Chinese currency has strengthened against the U.S. dollar by 2.12 percent from the rate of 6.8275 per U.S. dollar that was set a day before the PBOC's pledge to increase flexibility.On China's foreign exchange spot market, the yuan can rise or fall 0.5 percent from the central parity rate during trading each day.The PBOC released the yuan's central parity rates against a basket of currencies -- the U.S. dollar, the euro, the Japanese yen, the Hong Kong dollar, the British pound and the Malaysian Ringgit.The yuan's parity rate against the euro was set by the central bank at 9.2951 Friday, higher from 9.1329 on Sept. 30, the last trading day.The yuan's rate against 100 yen was 8.1040 Friday, compared with 7.9999 on Sept. 30.The Chinese currency fell 61 basis points against the British pound with the central parity rate being set at 10.6079 from 10.6018 on the previous trading day.The central parity of RMB against the U.S. dollar is based on a weighted average of enquired prices from all market makers before the opening of the market in each business day.The central parity of RMB against the other five currencies is based on the central rate of RMB against the U.S. dollar of the same business day as well as the exchange rates of the five currencies against the U.S. dollar at 9 a.m. (0100 GMT) of the same business day in the international foreign exchange market.

TAIPEI, Sept. 11 (Xinhua) -- Financial organizations from the Chinese mainland and Taiwan have stepped up cooperation to take advantage of business opportunities brought by a landmark cross-Strait economic pact, the Economic Cooperation Framework Agreement (ECFA).The board of directors of Taiwan-based Taishin Financial Holdings decided on Sept. 9 to sign a cooperation agreement with mainland-based Nanjing Zijin Investment Co., a move hailed by the company as "the first step to enter the mainland."The agreement aims to promote exchanges and cooperation between the two companies and their subsidiaries, while Nanjing Zijin will ease the way for Taishin's new operations on the mainland, Taishin said.The company's Taishin Bank is also planning to set up an office in Nanjing, capital of east China's Jiangsu Province.Prior to this, China Huarong Asset Management Corporation (CHAMC) and Taiwan-based SinoPac Holdings signed an agreement in Beijing on Sept. 3 to begin a new strategic cooperation. According to the agreement, the two sides will cooperate in personnel training, exchange of management experiences and information, as well as in research, development of new products and new business models.Huarong President Lai Xiaomin said the ECFA would promote a quickening flow of economic resources across the Taiwan Strait, including the movement of personnel, materials, capital and information."The ECFA will bring great business opportunities for cross-Strait economic development and boost cooperation between financial institutions on both sides, thus bringing new development opportunities for financial industries across the Strait," he said.The ECFA, which is to take effect on Sunday, was signed by negotiators from the mainland and Taiwan in June, and aims to establish a systematic mechanism for enhancing cross-Strait economic cooperation.Wang Jianmin, a researcher of the Institute of Taiwan Studies of the Chinese Academy of Social Sciences, said substantial financial cooperation between the two sides has lagged behind trade cooperation for a long time."The ECFA, however, will have a positive impact," he said.The banking service sectors might be among the first to make breakthroughs in cross-Strait financial cooperation.The mainland-based Bank of China and Bank of Communications applied to the Taiwan economic department on Sept. 7 to set up representative offices in Taiwan.According to the ECFA, mainland banks can set up representative offices in Taiwan upon approval by the Taiwan authority and can then apply to set up a branch bank one year after the establishment of representative offices on the island.

ANKARA, Oct. 7 (Xinhua) -- Chinese Premier Wen Jiabao arrived in Ankara on Thursday night for a three-day official visit to Turkey.Turkey is the last leg of Wen's four-nation tour, which has taken him to Greece, Belgium and Italy. He also had an unscheduled meeting with his German counterpart Angela Merkel on Tuesday in Germany.Earlier on Thursday in Rome, Wen held talks with Italian Prime Minister Silvio Berlusconi, President Giorgio Napolitano and parliamentary leaders, and launched together with Berlusconi the program of the Chinese Culture Year in Italy. Chinese Premier Wen Jiabao (L, front) arrives in Ankara, capital of Turkey, for an offical visit, on Oct. 7, 2010.During his stay in Turkey, Wen is scheduled to meet with Turkish Prime Minister Recep Tayyip Erdogan and President Abdullah Gul.Chinese Ambassador to Turkey Gong Xiaosheng said last week that Premier Wen's visit to Turkey will boost the two countries' relations to a new level."We expect the Chinese-Turkish ties to have a new and better development and a leap forward after Wen visits Turkey," Gong told a press briefing in Ankara. "As the two nations know more about and work more with each other, I believe there will be great prospects for our cooperation."

BERLIN, Oct. 5 (Xinhua) -- China and Germany pledged on Tuesday to enhance their efforts in coordinating macroeconomic policies and opposing trade and investment protectionism, according to a joint communique issued after a meeting between Chinese Premier Wen Jiabao and his German counterpart Angela Merkel.The meeting, focusing on China's relations with Germany and Europe, was held at the Meseberg Palace, 70 km north of Germany's capital of Berlin, on the eve of the 13th China-European Union (EU) summit in Brussels.China and Germany are two of the world's largest exporters. China surpassed Germany last year to become the number one exporter.The communique said both sides agreed to attach importance to a series of dialogue mechanisms, including the strategic dialogue, the dialogue between nations ruled by law and human rights dialogue.China and Germany also agreed to expand political mutual trust and deepen strategic coordination between China and Europe. The two countries would like to promote Sino-European economic ties by enhancing negotiation and amplifying cooperation of mutual benefit.Germany would continue urging the EU to recognize China's full market economy status as soon as possible. China agreed to hold talks with the EU on the matter, said the document.To prepare for the coming Group of 20 summit in South Korean capital of Seoul, the two leaders also discussed topics concerning world economy like combating global financial crisis.The two sides agreed to learn the lessons of the crisis and strive to promote a stable economic recovery and sustainable growth.Speaking of the climate change summit in the Mexican city of Cancun later this year, the two leaders reaffirmed the principle of common but differentiated responsibilities, and spoke highly of the measures against climate change taken by the two governments.The two countries shared the view that further efforts should be made to achieve substantial progress in the conference.

VIENNA, Sept. 20 (Xinhua) -- The International Atomic Energy Agency (IAEA) needs to enhance its role in promoting the peaceful use of nuclear energy, non-proliferation and fostering nuclear security, a senior Chinese official said here Monday.Global revitalization of nuclear energy has brought more opportunities for the IAEA to play an even larger role in promoting the peaceful use of nuclear energy and technology, said Chen Qiufa, head of the Chinese delegation to the IAEA's 54th General Conference opened in Vienna.Chen, also director general of the China Atomic Energy Authority, told the conference that the IAEA should continue to strengthen technical cooperation for sustainable development of nuclear energy, and give heed to opinions of developing countries.On the issue of nuclear safety, Chen said the IAEA should continue to push forward the development of global nuclear safety and security legislation and standard system, to strengthen transfer of knowledge and exchange of experience, popularize and promote nuclear culture so as to increase public confidence in nuclear energy development.With increasing work load of nuclear verification activities, the agency should build its own technical capability while fully cooperating with member states and using their resources to achieve nuclear safeguards targets, he added.Chen pointed out that the IAEA should play an active role in addressing sensitive and hot-spot nuclear issues.He said China always holds that the nuclear conundrum on the Korean Peninsula and in Iran should be resolved through dialogues and negotiations.China also supported the IAEA and its director general to continue to play their due role to push forward the diplomatic settlement of these issues.