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BEIJING, Jan. 23 (Xinhua) -- The Bank of China (BOC) board has agreed to sell up to 40 billion yuan (5.86 billion U.S. dollars) of bonds convertible to A shares to improve capital adequacy.The proposal will be turned into the first temporary shareholders' meeting in 2010, which will be held on March 19, for approval.Excluding issuance costs, the proceeds from the issuance of the six-year convertible bonds will be used to replenish the bank's capital base and working capital and to lift its capital adequacy ratio, according to the BOC, the third largest lender by market value in China.The BOC has been implementing positive financial policies and relatively loose monetary policies since 2009.The BOC capital adequacy ratio stood at 11.63 percent and the core capital adequacy ratio at 9.37 percent by the end of September 2009.

BEIJING, Jan. 19 (Xinhua) -- Vice Premier Li Keqiang said on Tuesday China would continue to pursue a low birth rate while actively coping with problems such as sex ratio imbalance and the aging of population.Li made the remarks when inspecting the National Population and Family Planning Commission. Chinese Vice Premier Li Keqiang visits a laboratory of China Population Devolpment Research Center in Beijing, China, Jan. 19, 2010. Li Keqiang made an inspection tour to the population and family planning commission and affiliated research institutions on TuesdayChina still faced pressure from population growth and "new situations" had emerged in population structure as its industrialization and urbanization continued to proceed, Li said.Efforts were needed to achieve reasonable distribution and orderly flow of population, he said, adding population and family planning authorities should put people first and better serve people at grassroots communities. Chinese Vice Premier Li Keqiang visits a laboratory of the scientific research center of National Population and Family Planning Commission of China, in Beijing, China, Jan. 19, 2010. Li Keqiang made an inspection tour to the population and family planning commission and affiliated research institutions on TuesdayHe asked population and family planning authorities to provide better services for urban and rural residents, especially farmers and floating population.Official figures show the country's birth rate went down from more than 1.8 percent in 1978 to around 1.2 percent in 2007.China's family-planning policy was introduced in the 1970s to rein in its surging population by encouraging late marriages and late childbearing and limiting most urban couples to one child and most rural couples to two children.It's estimated that without the policy, the country's population would be 400 million more than the current 1.3 billion people, according to the National Population and Family Planning Commission.     Chinese Vice Premier Li Keqiang shakes hands with personnels of the scientific research center of National Population and Family Planning Commission of China, in Beijing, China, Jan. 19, 2010. Li Keqiang made an inspection tour to the population and family planning commission and affiliated research institutions on Tuesday

CHENGDU, Jan. 18 (Xinhua) -- Still recovering from the pain left by a catastrophic earthquake in 2008, people in southwest China's Sichuan Province now act swiftly to support quake-hit Haiti through donation and a candlelight vigil.About 160,000 yuan (23,400 U.S. dollars) have been donated throughout the province since Sichuan's charity groups called for emergent aid to Haiti that was ravaged by a powerful quake a week ago.  Students of the Xiang'e Primary School pray as they hold candles for Haiti children who are suffering from earthquake in Dujiangyan, southwest China's Sichuan Province, which was hit by strong earthquake last May, on Jan. 18, 2010. "I have been hoping to do something for the Haiti people as soon as I learned that the country was hit by a quake," said a 76-year-old lady in Chengdu, capital of Sichuan.The lady, surnamed Liu, donated 1,000 yuan (147 U.S. dollars), her monthly retirement pension, at the Chengdu Charity Federation on Monday."I hope all citizens in the city can do their bit to help the Haiti people," she added.More than 50,000 people were believed to have died in the 7.3-magnitude quake that struck the island country on Jan. 12. Haitian officials said it was the strongest earthquake to hit the country in more than 200 years.Eight Chinese peacekeeping police officers also died in the quake."We received the first sum of money donated for Haiti on Jan. 14, and since then, more and more citizens have come here for donations," said Zeng Zhiqian, of the Chengdu Charity Federation."Starting today, we prolong our working time by two hours. We will also work on weekends to receive donations," he said.In Dujiangyan City, about 200 students and teachers at the Xiang'e Primary School held a candlelight vigil Monday evening, praying for the children in Haiti.Sichuan is now recovering from the 8.0-magnitude quake on May 12, 2008, which left about 87,000 people dead or missing."The Haiti quake reminds me of the Wenchuan (in Sichuan) quake. We Sichuan people are beneficiaries of domestic and international assistance. Now it's time for us to give a hand to Haiti people," said Tan Yunjun, a staff of the Dongfang Turbine Co. Ltd. in Sichuan's Deyang City.The company suffered severe losses in the Wenchuan quake, with building collapses and huge casualties.The company held a donation ceremony on Monday, collecting more than 80,000 yuan from the staff in less than one hour. Zhang Zhiying, general manager of the company, said the company would contribute another 50,000 yuan."The Chinese nation has a fine tradition of being indebted to others, and every staff in our company is willing to show their love for Haiti people," said staff Chen Xin.

BEIJING, Feb. 26 (Xinhua) -- The Standing Committee of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), the country's top advisory body, held a meeting Friday to discuss the agenda for the upcoming CPPCC annual session in March.Jia Qinglin, chairman of the CPPCC National Committee and member of the Standing Committee of the Communist Party of China (CPC) Central Committee Political Bureau, presided over the opening ceremony of the three-day meeting.During the meeting, senior political advisors will set an agenda for the third session of the 11th CPPCC National Committee, discuss and approve a work report for the Standing Committee of the CPPCC National Committee and a namelist for the secretariat of the March session.Political advisors on Friday also heard annual work reports from the committees of the CPPCC National Committee.The CPPCC reflects China's "multi-party cooperation system" under the leadership of the CPC.The CPPCC committees at different levels have representatives from different political groups, ethnic groups, and people of all walks of life.

BEIJING, Feb. 6 -- The Chinese government is looking at ways to protect consumer rights and develop common standards in the burgeoning pre-paid card industry.The popularity of the cards has flourished in recent years in major cities such as Shanghai and Beijing. In 2007, just four companies in Beijing issued them. Now more than 300 have been registered in the city with the People's Bank of China (PBOC).Complaints have also risen. In Shanghai, where the cards are used most, 4,800 people complained between January and November last year compared with 4,049 during the whole of 2008.Most complaints were about the cards' expiry, as money left on them is kept by some companies."I feel my money on the pre-paid card is very risky since I have to pay close attention to when it expires and try to spend all of it before that date or I will lose it. It's unfair to limit the time available to spend my own money," said Liu Xiaodan, a 26-year-old salesman.It's estimated that the total volume of money left on pre-paid cards after they expire is more than 100 million yuan in Shanghai. The figure for Beijing is not available.The PBOC will launch a series of supervisory regulations this year to oversee the operation of pre-paid card companies, said Zhang Wei, a financial industry analyst. "One of the most important aspects is the management of any money left on the card after it expires. Any investment of money on the cards either before or after they expire must be at zero risk."Fang Xinghai, the head of Shanghai Finance Office, said his organization worked closely with the PBOC to keep an eye on pre-paid card companies."We suggest that special accounts should be opened with the bank where the money on the cards is held to ensure it is safe," he said."If that happens, even if the company goes bust, the money will still be fixed in the account and the cardholders' rights will be protected."Warnings about the risks involved in using pre-paid cards are displayed on the Beijing Administration for Industry and Commerce's website. Complaints about the cards tend to reach their peak during the Spring Festival, when many people buy them as gifts for friends and relatives.The first pre-paid card arrived in Beijing in 2002. Customers can deposit between 100 and 200,000 yuan on them for use at participating shops, restaurants and gyms.Some companies issue them to their employees as an extra benefit.Their popularity took off because they save the inconvenience of carrying money around and enable people to control spending, especially useful if they are given to children or housekeepers.However, the companies behind them are currently regarded as unspecified financial institutions by the PBOC and, as such, are not strictly regulated. That means people have few rights if the company goes bankrupt. They will no longer be able to use the cards, no matter how much money is on them, and will have difficulty reclaiming their cash.Cheng Xi, a 28-year-old engineer, said: "I received the pre-paid card as a gift but I would not buy one myself because I'm not familiar with the pre-paid card company and, if it goes bankrupt, my money would disappear."No matter how distinguished and reputable the company behind a card is, its most important challenge is to win clients' trust."Having a standard trademark like China UnionPay, which has a good reputation for reliability, is necessary for a company to distinguish it from those with a bad reputation. The company that wins the trust of most clients will be the biggest winner," said Clark Lin, a financial analyst at Thomson Reuters.Fu Dingsheng, a civil and business law expert at East China University of Political Science and Law, said: "Part of the pre-paid card company's capital should be classified as a guarantee deposit when the issuers register their companies. In that way consumers' rights can be met to some extent when a dispute occurs."Even though the prepaid card sector is an emerging industry with little or no supervision, the government is speeding up its oversight of the sector."PBOC is playing a leading role in the supervision of the industry. We regard this as an important task to complete in order to protect consumers' rights to the greatest extent," said Fang from Shanghai Finance Office.