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BEIJING, Aug. 29 (Xinhua) -- Shanghai Pudong Development (SPD) Bank said its first-half-year net profit rose 33.92 percent from one year earlier due largely to lending boom and increased commission fees.Net profits climbed to 9.08 billion yuan (1.34 billion U.S. dollars) in the first six months of this year, the Shanghai-based lender said in a statement filed with the Shanghai Stock Exchange late Sunday.Its growth in profits stemmed from rising operating revenues, a result of growing net interest earnings, increased fee incomes and the improved quality of assets, according to the statement.Earnings per share stood at 0.791 yuan, up 20.21 percent from one year earlier. Also, operating revenues grew 36.42 percent to 22.75 billion yuan in the first half of 2010, it said.Total assets for the commercial bank hit 1.781 trillion yuan by the end of June, up 9.77 percent from the end of 2009.

BEIJING, Sept. 6 (Xinhua) -- Chinese top political advisor Jia Qinglin on Monday met with nearly 60 foreign political leaders and scholars on the eve of a forum to discuss global trends and common challenges.The forum will take place in Beijing on Tuesday and Wednesday and is organized by the National Committee of the Chinese People's Political Consultative Conference (CPPCC),the country's top advisory body.The forum's theme for its fourth conference is "new era, new challenges, new vision -- building a future for all.""It is significant for the 21st Century Forum to hold a conference on the global situation, challenges and visions," Jia, chairman of the CPPCC National Committee, said.More than 100 officials, scholars and business executives from home and abroad will attend the two-day conference of the 21st Century Forum.As the world has been undergoing deep changes, transformation and adjustment, it is imperative for all countries to be interdependent, reform the international financial system and build a justifiable and reasonable world order, Jia told the foreign attendees to the forum.Among the foreign attendees are some well-known dignitaries, including former Nigerian President Olusegun Obasanjo, former European Commission President Romano Prodi, former Australian Prime Minister John Howard, former Russian Prime Minister Evgeni Primakov, former German Chancellor Gerhard Schroeder and former Japanese Prime Minister Yasuo Fukuda.Jia briefed foreign leaders on China's economic and social development, stressing China remained the world's biggest developing country despite its economic boom."It will take China decades of unremitting efforts to accomplish modernization," Jia said, adding China would adhere to the path of socialism with Chinese characteristics.Jia said China would continue to pursue peaceful development and develop friendly cooperation with all countries in accordance with its independent foreign policy.Jia reaffirmed China's efforts to play its due part in dealing with global challenges and contributing to world peace and development.Nigerian President Olusegun Obasanjo called for all countries to pursue a path of cooperation and common prosperity.After the meeting, Jia also hosted a welcome banquet for forum attendees.The 21st Century Forum convened its first conference in 1996. The purpose of the forum is to serve as a platform for leaders, scholars and experts from China and other countries to explore global trends and crucial issues of common interest to mankind in the 21st century. 

BRUSSELS, Oct. 6 (Xinhua) -- Chinese Premier Wen Jiabao on Wednesday called on the European Union (EU) to recognize China's market economy status and remove its arms embargo against it.Speaking at a China-EU summit here, Wen said the summit mechanism, the highest-level platform for bilateral political talks, should push for an end to the two outstanding difficulties.The summit should enhance its role as provider of strategic guidance, and clear the way for further advancement of China-EU ties, he told the summit, co-chaired by him, European Council President Herman Van Rompuy and European Commission President Jose Manuel Barroso. Chinese Premier Wen Jiabao attends the 13th China-EU Summit in Brussels, capital of Belgium, Oct. 6, 2010.China would work with the EU to achieve balanced and sustainable development of bilateral trade, improve investment environment and enhance cooperation in financial and fiscal policy-making processes, Wen added.Meanwhile, the two sides should make concerted efforts to further expand hi-tech cooperation and people-to-people exchanges, push for the reform of the international financial system and maintain coordination on climate change, energy security and hot regional affairs, the Chinese premier said.All responsible countries in the world should refrain from launching trade or currency wars, Wen said, expressing the hope that the European side would take an objective and fair stance on China's currency exchange rate.Wen said China has expressed its support for and confidence in the 27-member European bloc, and believes that a strong and stable EU is conducive to the world as well as to China.

BEIJING, Oct. 28 (Xinhua) -- The Chinese government on Thursday issued the full text of Premier Wen Jiabao's explanation on a proposal that will play a crucial role in shaping the country's development over the next five years.The Communist Party of China (CPC) Central Committee's Proposal on Formulating the Twelfth Five-year Program (2011-2015) on National Economic and Social Development was adopted at the Fifth Plenum of the 17th CPC Central Committee that ended Oct. 18.Wen's explanation focused on five parts, including China's social and economic development over the past five years, the guiding principle and goals for development in next five years, major tasks in economic development, major tasks in improving social undertakings and people's livelihoods, and major tasks in deepening reform and opening-up.Wen made the explanation on Oct. 15 when the CPC Central Committee session began.The proposal stipulated scientific development as the theme of the 12th Five-year Program, said Wen, noting this is also the first time for a five-year program to include scientific development as its theme.The Scientific Outlook on Development shall be implemented in all sectors of reform and opening-up and the modernization drive, he said.According to Wen, the State Council will make the draft of the 12th Five-year Program based on the proposal. The draft will be submitted to the National People's Congress session next March for deliberation and approval.