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BEIJING, Nov. 15 (Xinhua) -- China should enhance supervision and management of the country's insurance investment, said Li Kemu, vice chairman of the China Insurance Regulatory Commission (CIRC),on Sunday.     "With insurance funds were extended into disparate fields, other than bank deposit, demand for a better supervision and risk control enhanced, said Li at the International Finance Forum held in Beijing.     By the end of September, 3.4 trillion yuan (497.8 billion U.S. dollars) of insurance funds were invested in bonds, mutual funds, and stocks markets. Bonds investment alone accounted for 50.6 percent of the total.     Jiang Dingzhi, China Banking Regulatory Commission (CBRC) Vice Chairman also highlighted the importance of establishing a "all-coverage" financial supervision system.     He suggested the country broaden the financial supervision and management system, which would put the mutual funds, hedge funds, and credit risks appraisal agencies under control.     The new system requires financial institutions to share information, and also cooperate to fill the supervision blanks between different financial markets, he said.

BEIJING, Dec. 20 (Xinhua) -- Foreign Minister Yang Jiechi pledged Sunday China will continue to cooperate with other countries to address global challenges in the coming new year.     "China will continue to work with the rest of the international community to tackle various global challenges with full confidence and jointly advance world peace and development," said Yang at a new year reception held by the Foreign Ministry for foreign diplomats and officials of international organizations. The Ministry of Foreign Affairs of China holds a New Year reception for foreign envoys and guests in China, in Beijing, capital of China, Dec. 20, 2009.He said the year 2010 will be crucial for the recovery of the global economy, the reform of the international system and China's efforts to ensure stability and promote development.     "We will work to maintain steady and relatively fast economic growth, and at the same time speed up the transformation of the economic development pattern so that our effort on these two fronts will reinforce each other," Yang said.     He said China will remain committed to the path of peaceful development and the win-win strategy of opening-up, and pursue development that is peaceful, open and cooperative. Chinese State Councilor Dai Bingguo (2nd R) and Chinese Foreign Minister Yang Jiechi (1st L) toast with a foreign guest during a New Year reception held by the Ministry of Foreign Affairs of China, in Beijing, capital of China, Dec. 20, 2009. Yang told reporters at the reception the Shanghai World Expo is one of the major tasks of China's diplomatic work in 2010.     He said he would like to take the reception as an opportunity to promote the expo to the international community and invite overseas people to visit China during the event next year.     In his speech, Nolana Ta Ama, dean of the Diplomatic Corps and Togo's ambassador to China, said as China plays an increasingly important role on the international stage, it will continue to devote itself to the world affairs in 2010.     Over 400 people, including China's State Councilor Dai Bingguo, attended the reception.

HONG KONG, Jan. 3 (Xinhua) -- Over 30 flights were canceled or delayed at Hong Kong International Airport on Sunday, due to heavy snow in the country's capital city of Beijing.     By 21:00 (1300 GMT) local time, seven departure flights to Beijing were canceled and 10 delayed. As for arrivals, eight were canceled and nine delayed, said the spokesman of the department of News Relations from the Hong Kong's Airport Authority. Flights to other cities including Dalian and Tianjing were also affected by the bad weather.     The spokesman said so far no special procedures were taken against stranded passengers for the flow stayed normal, and they would work with the airlines to smooth the situation.

VICTORIA, Seychelles, Nov. 21 (Xinhua) -- Zhou Yongkang, a senior official of the Communist Party of China (CPC), has met leaders of the Seychelles on bilateral relations. Zhou, a member of the Standing Committee of the CPC Central Committee Political Bureau, was welcomed Thursday evening at the airport by the general secretary of the People's Party of the Seychelles, Danny Faure, who is also finance minister. Zhou Yongkang, member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, meets with Seychellois Vice President Joseph Belmont in Victoria, capital of Seychelles, Nov. 20, 2009    During their meeting, Zhou said the CPC and the People's Party have maintained close and friendly cooperation since the two parties forged ties in 1979 and played positive roles in promoting the relations between the two countries and the friendship between the two peoples. Zhou Yongkang, member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, meets with Danny Faure, general secretary of the People's Party of the Seychelles, in Victoria, capital of Seychelles, Nov. 19, 2009. The CPC is willing to enhance exchanges and cooperation with the People's Party of the Seychelles to further strengthen the political basis of the bilateral relationship, said the senior CPC official.     The CPC and the Chinese government are also willing to boost cooperation with African countries, including the Seychelles, in meeting the challenges of the international financial crisis, said Zhou.     Faure said China has always treated the Seychelles, a small country, on an equal footing, adding that the two nations, the two peoples and the ruling parties of both countries have maintained friendly relations, which could be regarded as a model for relations between big and small countries.     The People's Party hopes to promote exchanges with the CPC on the experience of governance, said Faure.     When meeting with Vice President Joseph Belmont on Friday, Zhou said the relations between China and the Seychelles have witnessed a sustained healthy and steady development since the two countries established diplomatic ties 33 years ago.     With the smooth implementation of China's eight measures regarding cooperation with Africa, proposed by Chinese President Hu Jintao in 2006, China and the Seychelles have seen increased exchanges of high-level visits, deepened traditional friendship and expanded cooperation, Zhou said.     The Chinese government announced eight new measures to enhance cooperation with Africa earlier this month, and China is willing to jointly implement these measures with the Seychelles so as to bring more benefits to the Africans, including the Seychelles people, he said.     The senior CPC official also expressed appreciation for the support of the People's Party and the Seychelles government on the Taiwan and human rights issues.     Belmont said the Seychelles people have benefited extensively from China-Africa cooperation, adding that the Seychelles welcomed China's new measures on its cooperation with Africa and would implement them in a timely manner.     While expressing the hope for enhanced cooperation in tourism, the Seychelles vice president also expected more investment from Chinese companies in the country's tourism sector.     Zhou arrived here Thursday for a technical stopover after concluding visits to Sudan and South Africa.

BEIJING, Nov. 17 (Xinhua)-- According to the China-US Joint Statement issued here Tuesday, China and the United States recognize common interests in promoting the peaceful use of outer space and agree to enhance security in outer space.     The statement said the two sides believed that China-US cooperation on common global challenges would contribute to a more prosperous and secure world.     "China and the U.S. agree to discuss issues of strategic importance through such channels as the China-US Strategic and Economic Dialogues and the military-to-military exchanges," said the statement.     It said both leaders reaffirmed their commitment made on June 27, 1998 not to target at each other the strategic nuclear weapons under their respective control.     The two sides agreed to handle, through existing channels of consultations and dialogues, military security and maritime issues in keeping with norms of international law and on the basis of respecting each other's jurisdiction and interests, said the statement.     The statement was signed during President Obama' s first official visit to China between November 15 and 18. 

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