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BEIJING, June 18 (Xinhua) -- China has become the world's third largest stock market as total market value of the Shanghai and Shenzhen markets hit 20.96 trillion yuan (3.07 trillion U.S. dollars) as of the end of May, the country's securities regulator said Friday.The total market value so far was up 393.76 percent compared to the 2003 level, the China Securities Regulatory Commission said.

BEIJING, Aug. 15 (Xinhua) -- The Agricultural Bank of China (ABC), one of China's "big four" state-owned commercial banks, won the title for the world's largest initial public offering (IPO) after selling another 3.34 billion shares at its IPO price of 2.68 yuan per share.The ABC said in a statement at the Shanghai Stock Exchange Sunday that it raised an additional 8.94 billion yuan (1.31 billion U.S. dollars) after fully exercising the over-allotment option of its Shanghai share offering. The bank has now raised 22.1 billion U.S. dollars.The previous record was set by the Industrial and Commercial Bank of China, which raised a record 21.9 billion U.S. dollars in its IPO in 2006.ABC shares rose 0.37 percent to 2.69 yuan on the Shanghai bourse Friday.The ABC is the last of the "big four" state-owned commercial lenders to go public. The other three banks -- the Industrial and Commercial Bank of China, China Construction Bank and Bank of China, are listed on both Shanghai and Hong Kong bourses.The over-allotment, or so-called greenshoe option, allows the sale of additional shares to the public if demand is high.

LONDON, July 5 (Xinhua) -- First Minister of Scotland, Alex Salmond, is currently leading Scotland's tourism and trade mission to China from 5 July, including a planned visit to Shanghai Expo 2010.During the five-day trip, the delegation will visit Shanghai, along with a planned visit to Shanghai Expo 2010, before traveling to Beijing. The group will combine trade workshops, sales calls, media meetings and a Scottish Golf Day.As an emerging global economic power and an essential partner for Scotland, China contribute to the key purpose of the Scottish Government, which is to increase sustainable economic growth. Shanghai Expo provides a focus and an ideal opportunity to build and maintain relationships and promote Scotland as a key economic partner.First Minister of Scotland, Alex Salmond, said: "It is vital that the Scottish Government, our agencies and Scotland's businesses do all they can to continue advancing the nation's relationship with China.""I will lead our delegations to a series of events at the Shanghai Expo, where we are supporting a significant Scottish presence to raise Scotland's profile and to encourage some of the anticipated 70 million visitors to the Expo to see Scotland as a place to live, to work, to study and to visit." Mr. Salmond added.China is one of Scotland's most important emerging markets with an increase in visits from 7,000 in 2005 to approximately 11,000 a year from 2007 to 2009, with these visits are worth average of 7 million pound to the Scottish economy each year.

HARARE, June 18 (Xinhua) -- The National Art Gallery of Zimbabwe said on Friday Zimbabwe's stone sculpture on exhibition at the 2010 Shanghai World Expo has particularly proved popular among Chinese visitors.Assistant curator Thomas Pasirai who recently went to Shanghai as an expert to help set up Zimbabwe's exhibition in the African pavilion, told Xinhua in an interview that the Chinese were fascinated by Zimbabwe's stone works."The Zimbabwean pavilion is fantastic and the Chinese are very excited about our pavilion to the extent that we have got some Chinese who are being photographed with some of the life-size stone works while others get excited to the extent of kissing the works," Pasirai said.He said Zimbabwe was in a unique position in that it was one of the few countries that produce stone sculpture different from other African countries."Other African countries do wood work and other materials but with us it is that stone sculpture which is particularly exciting the Chinese," he said.The National Art Gallery shipped about 80 pieces of stone carvings that are on display at the Shanghai Expo. These were sourced from various artists and different studios in the country, Pasirai said.Other products being marketed include basketry, wooden drums and stools.Organizations such as the National Parks and Wildlife Management Authority and the Zimbabwe Tourism Authority are also exhibiting."By the end of this month we will be having exhibitions like trophies and stuffed animals," he said.Pasirai said Zimbabwe's pavilion was exceptionally designed according to the Great Zimbabwe, the amazing ancient ruins from which Zimbabwe derive its name. The ruins, in scripted in 1986 as the UNESCO World Heritage site, is among Zimbabwe's great tourist attractions.The other side of the pavilion shows the mighty Victoria Falls while the other shows pictures of flora and fauna and the different projects being undertaken in Zimbabwe to improve the lives of communities, Pasirai said.He said Zimbabwe was highlighting these projects in keeping with the theme of the Expo, which is "Better City, Better Life" from where Zimbabwe has adapted its theme "Transforming our Communities for A better Life"."We are doing this to enable the Chinese to understand us more. We want them to understand that Zimbabwe is a beautiful nation where they can enjoy the flora and fauna."Zimbabwe is sharing exhibition space with other African countries in the African pavilion where it is neighbors with Zambia and Uganda.There is also a selling bazaar where exhibitors from different African countries are selling their wares.Pasirai commended China for the excellent way it had created the Expo, noting that China's design culture was very advanced.China's promotion of the green environment and the general hygiene on the streets also caught Pasirai's eye who hoped Zimbabweans will emulate some of the hygienic standards in the Asian country."The Chinese do have a culture of management of waste from an individual perspective and I hope our people will learn from them, "he said.Zimbabwe will send about 60 small and medium enterprises to exhibit at the Expo which started in May and ends in October this year. The entrepreneurs will go in batches of 10 per month.More than 200 countries and up to 80 million visitors are expected to descend on Shanghai for the six-month exposition, and Zimbabwe will get a chance on August 11- a national day set for it- to showcase its economic, tourism and business potential to the world.Each participating country will have a day set aside for it to market itself to the outside world.Apart from marketing various products, Zimbabwe has said it will take the Expo as an image building opportunity after years of negative publicity from the Western media.

BEIJING, Aug. 8 (Xinhua) -- A total of 600 soldiers with the Lanzhou Military Area Command have arrived at mudslides-devastated Zhouqu county in northwest China's Gansu Province, and started relief work.Three other detachments consisting of more than 1,700 soldiers with the command as well as a 180-member medical team are on their way to the affected areas.Six helicopters, including four from the Lanzhou command and two from the Xinjiang Military Area Command, have also departed for the affected areas.China's armed police have also sent 2,100 members to help with the relief work, with 740 of them having arrived at the scene.

来源：资阳报