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BEIJING, May 17 -- Shanghai will step up efforts to lure more talent, beef up development of its legal system and improve its credit database as part of efforts to develop a global financial center, Vice Mayor Tu Guangshao said Saturday. The city will also enable financial markets and institutions to play an important role in financial innovation and make the Pudong New Area a pioneer for financial reforms, Tu told the Lujiazui Forum in Shanghai. "To realize our goals, we need a combination of forces," said Tu. "We need guidance and support from the central government in terms of rules' drafting and coordination. We also need financial markets and companies to make contributions." From left: Xu Xiaonian, professor of CEIBS, Hu Zuliu, chairman of Goldman Sachs China, Xie Guozhong, board member of Rosetta Stone Advisors, Ha Jiming, chief economist of China International Capital Corp and Wang Qing, chief economist of Morgan Stanley China discuss issues at the Lujiazui Forum Saturday Shanghai must have "breakthrough and innovation" in its measures to attract financial talents, the most important element in building the city into an international financial hub, Tu said. The city should also have a solid financial legal system and the municipal government is working to improve the arbitrary, hearing and verdict processes of financial cases, according to Tu. He added that local government will cooperate with the People's Bank of China to improve the city's credit environment. One focus will be the establishment of a credit ratings system for small- and medium-sized enterprises to facilitate fundraising, Tu said. Xu Lin, Party Secretary of Pudong New Area, told the forum the district will shore up its preparation for financial innovation, including establishing an over-the-counter equity exchange for start-up technology firms. Pudong will also trial programs to settle cross-border trade using the yuan and to set up consumer finance companies to fund people's purchases of durables such as home appliances and electronics. Xu also noted that Pudong will fast track the development of financial services for the shipping industry as China pursues building Shanghai into an international financial and shipping hub by 2020. "The district will encourage capital from various sources to help innovation and upgrade industry," Xu said. "More credit support will be given to small companies in terms of innovation." Financial experts attending the two-day Lujiazui Forum, which ended Saturday, called on the city to take more measures to retain talent and financial institutions. "The major European and US markets are reshuffling after the crisis and it has created a good opportunity for Shanghai to lay a sound basis and infrastructure for rising as an international financial center," said Laura Cha, deputy chairman of the Hongkong and Shanghai Banking Corp. "We should learn lessons from them and avoid the mistakes they have made." Shanghai is still lagging behind in terms of financial talent both in quality and quantity, she added. She suggested shoring up the city's financial high education sector and rotating financial talents to develop more overseas experience.
BEIJING, April 29 (Xinhua) -- A senior official of China's Ministry of Commerce (MOC) said Wednesday that China might organize another procurement delegation to Europe, and France might also be one possible stop on the delegation's tour. Wu Xilin, head of the outward investment and economic cooperation department of the MOC, told reporters Wednesday that the exact time and countries to visit were under discussion. Chen Deming, China's Commerce Minister, led a Chinese buying team to visit Germany, Switzerland, Spain and Britain this February. Procurement agreements worth more than 13 billion U.S. dollars were signed during the trip.

BEIJING, April 22 (Xinhua) -- China and Pakistan Wednesday praised the ties between their parliaments and both agreed to raise inter-parliamentary cooperation to a higher level. In his meeting with visiting Speaker of Pakistan's National Assembly Fahmida Mirza, Chinese top legislator Wu Bangguo noted that China always conducted its ties with Pakistan taking a strategic, long-term perspective and was committed to pushing forward bilateral relations. Wu, chairman of the Standing Committee of the National People's Congress (NPC), the top legislature, highlighted the growth of bilateral relations and expressed appreciation for Pakistan's support for China on issues relating to Taiwan and Tibet. Wu Bangguo (R), chairman of the Standing Committee of the National People's Congress, China's top legislature, meets with Speaker of Pakistan's National Assembly Fahmida Mirza, in Beijing, capital of China, April 22, 2009 China will firmly back Pakistan's efforts for national stability and development, Wu added. Wu said the NPC and Pakistan's National Assembly had forged friendly legislative ties. "I hope to see the two parliaments continue to cement cooperation at various levels and through various channels in a bid to expand mutual understanding and friendship between the two peoples," Wu said. Mirza said relations with China were always at the top of the agenda in Pakistan's foreign policies. Pakistan hoped to expand cooperation with China in fields such as transportation, energy and free trade, Mirza said. She also urged both countries to develop exchanges among female members of their legislatures. She also reiterated firm support for China's principle and position on issues relating to Taiwan and Tibet. Mirza's visit to China from April 21 to 27, her first, was made at the invitation of Wu. She will also visit the western city of Xi'an and the economic powerhouse of Shanghai.
UNITED NATIONS, July 13 (Xinhua) -- The international community should give a more balanced assessment of the political progress Myanmar has made and treat it with less arrogance and prejudice, a senior Chinese diplomat said here Monday. Liu Zhenmin, China's deputy permanent representative to the UN, told an open meeting of the Security Council that "it has been unfair to turn a blind eye to the progress Myanmar has made, or instead, always be picky at its government." Liu said the UN Secretary-General Ban Ki-moon has been actively conducted good offices in Myanmar as mandated by the General Assembly in recent years. "His unremitting efforts and the positive outcome thereby achieved deserve an objective and fair assessment by the international community," he said. Ban briefed the 15 members of the Security Council at the meeting on his latest visit to the south-eastern Asian country on July 3-4, the second in just over a year. An open Security Council meeting on Myanmar is held at the UN headquarters in New York, the United States, July 13, 2009. China is opposed to putting the Myanmar question on the UN Security Council agenda and is against isolating and sanctioning against the country, China's deputy permanent representative to the UN Liu Zhenmin said here on Monday, stressing the events that happened inside Myanmar were its internal affairsDuring his visit, Ban met with Senior-General Than Shwe, Myanmar's head of state, and people from other political parties including the National League for Democracy (NLD), but was under pressure from some media and certain countries due to his failure to meet with NLD leader Aung San Suu Kyi. Liu voiced China's support to Ban and highly appreciated his recent visit, calling the visit "positive and full of significance." "Whether or not he met with Aung San Suu Kyi should not be used as a criterion to measure the success of the visit," he said. Also on Monday, Myanmar's UN Ambassador U Than Swe told the Security Council that his government regretted its inability to arrange the meeting as the special court has its independent jurisdiction over the matter. "Aung San Suu Kyi was unfortunately involved in the legal proceed. In order to maintain the justice of judicial process, the Myanmar government did not arrange the bilateral meeting. This is totally understandable. The UN should respect the jurisdiction of its member state," Liu said. He said China has time and again stressed that the secretary-general's good offices are a process and his visit is a part of the efforts. Ban had in-depth talks with top leaders of Myanmar, directly conveyed to them the concern of the international community and enhanced mutual trust between Myanmar and the UN, Liu said. "This will play an important role in encouraging the Myanmar side to maintain the current momentum and promote the democratic process according to the established plans," Liu said.
BEIJING, May 19 (Xinhua) -- China and Brazil issued a joint communique on Tuesday to boost their strategic partnership as Brazilian president visited Beijing. Chinese President Hu Jintao and his Brazilian counterpart Luiz Inacio Lula da Silva agreed that both countries have enjoyed fruitful cooperation since forging diplomatic ties 35 years ago, the communique said. They believed it is of great significance to further facilitate China-Brazil strategic partnership at the current stage. The two countries signed cooperative agreements in politics, law, science, space ,finance, port, energy and agricultural products, among others. Lula da Silva reiterated in the communique his country's adherence to the one-China policy and admitted that the People's Republic of China is the sole legal government of China and Taiwan is a part of China. President Hu highly appreciated that. Chinese President Hu Jintao (R) shakes hands with his Brazilian counterpart Luiz Inacio Lula da Silva after signing the joint communique at the Great Hall of the People in Beijing, capital of China, May 19, 2009. The two sides emphasized the important role of bilateral high-level coordination and cooperation committee in guiding the relations in all sectors. The two countries agreed to maintain high-level visits, and strengthen strategic blueprint on Sino-Brazilian ties through bilateral mechanisms such as strategic dialogue, political consultation between the two foreign ministries and parliamentary bodies. They agreed to hold their second strategic dialogue in the latter half of this year, the communique said. The two leaders decided to map out a joint action plan from 2010 to 2014, which would cover all the fields of existing bilateral cooperation. Chinese President Hu Jintao (3rd L) holds talks with his Brazilian counterpart Luiz Inacio Lula da Silva (3rd R) at the Great Hall of the People in Beijing, capital of China, May 19, 2009.They expressed their satisfaction over the enhanced bilateral economic and trade cooperation, and promised to further promote the diversified trade and growth of bilateral trade. Hu and Lula da Silva reiterated it is of great importance to maintain economic growth and strengthen bilateral trade amid the international financial crisis. They vow to promote cooperation and dispel obstruction in the fields of custom and quality control, to ensure safety and provide convenience to bilateral trade. Both sides encouraged relevant departments and enterprises to carry out investments in the fields of infrastructure construction, energy, mineral, agriculture, industry, and high-tech industries. According to the communique, the two sides are willing to strengthen dialogues on macro-economy policies within the mechanism of bilateral financial ministers' dialogue. The two countries agreed that science and technology played a strategic role in their economic development and competitiveness. They expressed their satisfaction over signing a science and technology and innovation cooperation plan. The two presidents agreed to increase space cooperation and continue joint work on satellite research. China and Brazil in 1988 launched an earth resources exploring satellite program known as CBERS, and three satellites have so far been launched. The information collected by the satellites was offered to other developing countries for free. The project was considered a technology cooperation model between the developing countries. The two sides also agreed to expand cooperation in education, culture, press, tourism and sports. China welcomes Brazil to set up a general consulate in Guangzhou, capital city of south China's Guangdong Province, the document said. Brazil will participate in the 2010 World Expo in Shanghai, and the president wished the World Expo a complete success, according to the communique. The two developing nations agreed to keep close contacts within the frameworks of the Group of Five(G5) and the BRIC (Brazil, Russia, India and China), and enhance coordination with other developing countries, to increase the participation and voices of developing countries in international affairs. Hu and Lula da Silva believe and the two countries have taken "important" measures to tackle the global economic downturn, and made positive contribution to maintain respective economic growth and global economic recovery, the communique said. Chinese Vice Premier Zhang Dejiang (4th R) and Brazilian President Luiz Inacio Lula da Silva (4th L) attend a seminar on the new opportunities of the China-Brazil strategic partnership, in Beijing, capital of China, May 19, 2009. A seminar on the new opportunities of the China-Brazil strategic partnership was held in Beijing May 19. The two presidents proposed deepening the ongoing reform of the International Monetary Fund and the World Bank, in a bid to increase representation and voice of the developing world. They also called on international financial organizations to offer more resource aid to developing countries hit more severely by the global slump, it said. Both sides underscored the significance of the G20 London Summit in fighting the global downturn, calling on the international community to implement the consensus reached during the summit and promote the international financial system reform. According to the communique, the two countries opposed protectionism as a means to survive the crisis. They expected to enhance coordination and cooperation within the World Trade Organization and promote an early conclusion of Doha Round negotiation. Hu accepted Lula da Silva's invitation for him to visit Brazil at a convenient time.
来源:资阳报