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BEIJING, Aug. 13 (Xinhua) -- Jia Qinglin, a senior official of the Communist Party of China (CPC), watched a baseball preliminary match here Wednesday together with Taiwan's Kuomintang Chairman Wu Poh-hsiung and People First Party Chairman James Soong. The preliminary involved two teams from Chinese Taipei and the Netherlands. Despite a working day, the stands of the Wukesong Baseball Field were full.Jia Qinglin (C), member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee and chairman of the National Committee of the Chinese People's Political Consultative Conference, and Taiwan's Kuomintang Chairman Wu Poh-hsiung (R front) and People First Party Chairman James Soong (L front) pose on the stand while watching the baseball preliminary match between Chinese Taipei and the Netherlands in Beijing, China, Aug. 13, 2008.Jia is a member of the Standing Committee of the Political Bureau of the CPC Central Committee and chairman of the National Committee of the Chinese People's Political Consultative Conference. Before the match began, Jia stepped onto the stand with Wu and Soong, and they waved to the spectators. During the match, roaring spectators from both sides of the Taiwan Strait enthusiastically cheered for the Chinese Taipei athletes, who finally beat the Dutch 5-0. Baseball is one of the most popular sports event in Taiwan. The Chinese Taipei baseball team finished fifth at the 2004 Athens Olympic Games.
BEIJING, Oct. 9 (Xinhua) -- China's securities regulator on Thursday said publicly-traded companies must pay dividends in cash rather than stock over three years before submitting their refinancing applications. The move could help to encourage long-term investment and reduce market volatility, the China Securities Regulatory Commission (CSRC) said. The benchmark Shanghai Composite Index has plunged 66 percent from its record high last October. In a new regulation stipulating cash dividend payment by listed companies, the CSRC said: "The listed firms, if applying for refinancing, must pay dividends in cash totaling no less than 30 percent of its distributed profits over the past three years." The regulation went into effect on Thursday. In the draft version released in August, companies were allowed to pay dividends either in cash or stock. The listed firms were also ordered to reveal their cash dividend policies and previous cash dividend data to investors in their annual reports to improve transparency. "The listed company should give reasons why it failed to pay a cash dividend if it is able to and where the money goes," according to the rule. Cash dividends could offer stable investment returns and prompt large institutional investors to reduce speculation on the secondary market, the regulator said. A couple of huge refinancing plans earlier this year triggered a market plunge on concerns over stake dilution and liquidity stress. In a separate regulation on share buy-back, also effective on Thursday, the CSRC said it allowed a cash dividend payment when the controlling shareholders bought stocks on the secondary market. Such action was banned in the draft version released in late September to solicit public opinion. Share buy-back through bidding at stock exchanges also no longer needs regulatory approval. The CSRC added it would continue to revise the rules on stock buy-back and also give consideration to repurchase through agreement or tender offer.
BEIJING, Sept. 4 (Xinhua) -- Chinese awareness of the welfare of its 83 million disabled population is rising as its capital prepares to host the Paralympics, which starts in two days. During its seven years of preparation for the Olympics and Paralympics, Beijing took account of the needs of disabled people when updating public facilities. Each of the city's 123 subway stations now has at least one entrance equipped with a wheelchair lift, according to the subwaycompany. Photo taken on Aug. 27, 2008 shows the barrier-free sign at a subway station in Beijing, capital of China. Numbers of barrier-free signs have appeared recently at Beijing subway stations as the Beijing Paralympic Games approachesBeijingers are seeing more public buses with lowered doors, toilets with assistive devices and warning systems on the streets. Parks, tourist sites, including some heritage sites like the Forbidden City, and museums have modified their facilities to be accessible for the disabled. All Chinese airports have adopted accessible designs. Banks and post offices in some cities also provide service in sign language. "We plan to help all households with disabled members in Beijing modify their residences before the end of 2010," said DingXiangyang, the city's vice mayor. So far, the city has extending funding for about 5,000 such households to install assistive facilities. Photo taken on Aug. 27, 2008 shows the barrier-free sign on the ground at a subway station in Beijing, capital of China. Numbers of barrier-free signs have appeared recently at Beijing subway stations as the Beijing Paralympic Games approaches"I am very happy to see many disabled but smart students are now able to get a higher education," said Li Caimao, recalling his struggle to go to college 18 years ago. Li, now an official of the Beijing government department for disabled people's affairs, had to take the annual college entry exam three times before he found a school willing to enroll him. "At that time, many departments in colleges refused disabled students. Now it is different. Once you pass the exam, you are in," he said. For those receiving compulsory pre-college education, the country has waived tuition and incidental expenses and given them free textbooks. "Through these steps, many disabled children have been able to go to school and their families bore fewer financial burdens," said Ma Wanyu, a hearing disabled teacher in Jixi, a city in northeastern Heilongjiang Province. Better education and preferential policies helped many disabledpeople find jobs and develop careers. Radio host Yang Qingfeng, suffering from low vision, set up a radio program studio. Most of his colleagues are also vision disabled. They produce audio programs to help the blind in daily life, such as how to cook and travel. "Being vision-disabled ourselves, we know what our audiences want to hear. For instance, we will tell them how to go somewhere at a very detailed level, such as pressing which button in the elevator," he said. In the Paralympics, China will send its largest delegation since 1984, with 547 members including 332 athletes. Many disabled people will serve as volunteers. In the Olympic core area, 12 wheelchair users will guide tourists and audience members. In the Paralympic Village, 10 blind massage specialists will serve athletes from across the world. At the opening and closing ceremonies, disabled artists will give the global audience wonderful performances. Photo taken on Sept. 2, 2008 shows a Braille menu at a restaurant in Beijing, capital of China. Many service sectors such as restaurants and shopping malls have established obstacle-free facilities as the Beijing 2008 Paralympic Games approaches
VENTIANE, March 30 (Xinhua) -- Chinese Premier Wen Jiabao and his Thai counterpart Samak Sundaravej met here Sunday on the sideline of the Third Summit of the countries in the Greater Mekong Subregion (GMS), and the two agreed to strengthen bilateral cooperation and jointly promote regional peace and prosperity. Wen spoke highly of the growth momentum of the bilateral relations in the recent years, noting that China is willing to join hands with Thailand to strengthen strategic coordination and push forward the comprehensive and pragmatic cooperation. Chinese Premier Wen Jiabao (2nd R) meets with Thai Prime Minister Samak Sundaravej in Vientiane, Laos, on March 30, 2008. The two agreed to strengthen bilateral cooperation and jointly promote regional peace and prosperity. He also expressed his hope that China and Thailand would expand their two-way trade and achieve the objectives of hitting a total trade value of 50 billion U.S. dollars in the year of 2010, mutual investment worth 6.5 billion dollars and encourage 4 million tourists to travel to each destination. Chinese government supports its enterprises to involve in the large projects in sectors such as the infrastructure construction and will encourage them to generate bigger contribution to step up the bilateral economic and trade cooperation, Wen told Samak. The Thai Prime Minister, who is also the country's defense minister, highlighted the traditional friendship between the two nations, saying that Thailand would make joint efforts with the Chinese side to maintain the high-level exchange and cement the friendly cooperation in various fields in a bid to consolidate the bilateral friendly relations. He also reiterated that Thailand would adhere to the one-China policy. When on the Tibet issue, Samak said the issue is China's internal affairs, voicing his belief that China would handle well the issue and successfully host the forthcoming Olympic Games in Beijing this summer. Invited as the guest of Lao Prime Minister Bouasone Bouphavanh, Wen arrived here on Saturday evening for a working visit to Laos and participating in the Third GMS Summit. The GMS, established in 1992, promotes economic and social development, irrigation and cooperation within the six Mekong countries. The first GMS Summit was held in Cambodia's Phnom Penh in 2002, and the second in southwest China's Kunming in 2005.
HONG KONG, July 7 (Xinhua) -- Chinese Vice President Xi Jinping delivered a keynote speech at a welcoming banquet hosted by the Hong Kong Special Administrative Region (HKSAR) government here Monday evening, elaborating his understanding of and expectations to the HKSAR. Xi started his toast at the dinner by extending warm greetings and best wishes to Hong Kong people on behalf of the central government and President Hu Jintao. Chinese Vice President Xi Jinping delivers a keynote speech at a welcoming banquet on July 7, 2008. "Over the past 11 years since Hong Kong's return, what you have achieved is truly commendable," Xi told about 400 guests attending the dinner in his televised speech at the Shangri-La Hotel, "we are here to feel for ourselves the profound changes that have taken place in Hong Kong since its return." Xi expressed his thanks to the HKSAR government and Hong Kong compatriots for their strong support to the Chinese mainland in the rescue and relief efforts in earthquake-hit southwest China, as well as their contributions to the preparations of the Beijing 2008 Olympic and Paralympic Games. "We in the Chinese mainland are deeply touched by the profound friendship of our Hong Kong compatriots with whom we share the strongest blood ties," said Xi, who takes charge of the Hong Kong and Macao affairs and a top-level leading group for the preparations of the Beijing Olympics and Paralymics. The vice president said he was confident that the HKSAR government and Hong Kong compatriots will host warm, splendid and successful equestrian events during the Olympic and Paralympic Games. As one of the six co-host cities, Hong Kong will stage the Beijing Olympics equestrian events in August. Xi said the HKSAR government has led the preparatory work with great sense of commitment and the Equestrian Committee (Hong Kong)and the Sports Federation and Olympic Committee of Hong Kong have been working in close collaboration with all sectors of Hong Kong. The whole country and the whole world are deeply impressed by Hong Kong people's enthusiasm, their level of participation and their passion for the Olympics, he noted. Xi announced that the Ministry of Commerce and the HKSAR government will soon sign a document on the arrangement to facilitate entry of Hong Kong service providers to the Chinese mainland, particularly Guangdong Province. "In future, the central government will continue to give strong support to all initiatives and endeavors aimed at developing the economy and improving people's lives in Hong Kong," Xi stressed. With the strong support of the motherland and the united efforts of the HKSAR government and Hong Kong people of all sectors, Hong Kong will overcome all risks, difficulties and challenges on its way of development, he added. Xi said Hong Kong now enjoys social stability, economic growth and higher living standard, and its future is even more promising. "What has happened has proved and will continue to show that the policy of 'one country, two systems" is the right choice for Hong Kong and has strong vitality," he said, adding, "our Hong Kong compatriots will administer Hong Kong well and bring greater prosperity to the people." In the welcoming banquet in honor of the vice president, Chief Executive of HKSAR Donald Tsang pledged that Hong Kong will do its best to make the equestrian events a great success to demonstrate that Hong Kong people are worthy of the trust bestowed upon them by the nation. Xi arrived in Hong Kong on Sunday morning for a three-day inspection tour of the special administrative region.