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BEIJING, March 11 (Xinhua) -- The Bank of China (BOC) plans to issue new Hong Kong-listed H shares, about 20 percent of its current H shares, as soon as possible, said BOC Board Chairman Xiao Gang Thursday.But the BOC had to wait for approvals from shareholders and securities regulators on the mainland and in Hong Kong, Xiao said.The BOC, China's third largest bank by market value, in January declared it would sell no more than 40 billion yuan (5.86 billion U.S. dollars) of bonds convertible to A shares to improve capital adequacy.The BOC currently had no acquisition plans in China or overseas, Xiao said.The biggest credit risks lied in the local governments' financing units and the BOC was tightening loans to these units, he said.

BEIJING, March 5 (Xinhua) -- Chinese Premier Wen Jiabao on Friday reiterated determination to curb the excessive growth of home prices in major cities and satisfy people's basic need for housing.He made the pledge while delivering a government work report to the Third Session of the 11th National People's Congress(NPC), China's top legislature, which is the latest demonstration of the government's determination to tame the runaway home prices.Driven by record bank lending and favorable tax breaks, China saw a sharp residential property price hike nationwide in the past year, triggering heated public complaints and fears of possible assets bubble.China's home prices in 70 large- and medium-sized cities, a housing price trend barometer, climbed 9.5 percent in January 2010 from a year earlier, the fastest growth in 19 months. Chinese Premier Wen Jiabao delivers a government work report during the opening meeting of the Third Session of the 11th National People's Congress (NPC) at the Great Hall of the People in Beijing, capital of China, March 5, 2010Wen promised an increased supply of low-cost housing and common residential houses, restraining of speculative purchase, tighter land use management and stricter control of bank credit.A total of 63.2 billion yuan (9.25 billion U.S.dollars) will be spent by the central government in low-income housing in 2010, an increase of 8.1 billion yuan, or 14.7 percent over last year, Wen said.The government will also build 3 million housing units for low-income families and renovate 2.8 million shanty units, he said.Wen's remarks indicate the government's regulation target in the real estate sector this year, which will emphasize on satisfying demand of mid- and low-income families while ensuring a healthy development of the market, said Gu Yunchang, vice president of China Real Estate Research Association."To curb the excessive growth of home prices is a must for the healthy development, or else the foaming market would bring destructive consequences to the industry," said Gu.China's central and local governments has begun to take moves to deflate the housing bubble since late last year, including reimposing a sales tax on homes sold within five years of their purchase and raising down payment requirement for families buying a second or more houses with bank loans.In another move to cool the property market, the People's Bank of China, the central bank, announced twice within a month to raise the deposit reserve requirement ratio earlier this year.During an online chat with the Chinese Internet users last week, Wen expressed his confidence in the government measures in response to complaints over soaring home prices."It is the government's responsibility to guide the property market. I am confident that the government will ensure the healthy development of the property market," he said.

BEIJING, Feb. 9 (Xinhua) -- A senior official with the Communist Party of China (CPC), Zhou Yongkang, proposed stronger law-enforcement cooperation between China and Nepal, according to a statement of the Ministry of Public Security Tuesday.Zhou, a Standing Committee member of the Political Bureau of the CPC Central Committee, made the remark during a meeting with visiting Nepali Minister for Home Affairs Bhim Bahadur Rawal in the Great Hall of the People in Beijing Monday.China attaches great importance to China-Nepal law-enforcement cooperation and expects the two countries to deepen pragmatic cooperation and safeguard and promote the regional peace and stability, said Zhou, who is also secretary of the Political and Legislative Affairs Committee of the CPC Central Committee. Zhou Yongkang (R), a Standing Committee member of the Political Bureau of the Communist Party of China (CPC) Central Committee, meets with Nepalese Minister of Home Affairs Bhim Bahadur Rawal in Beijing, capital of China, Feb. 8, 2010China appreciates Nepal's firm adherence to the one-China policy and its prevention of anti-China forces from carrying out separatist activities on its territory, Zhou added.China is willing to further strengthen communication, coordination and cooperation on the Tibet issue with Nepal, he said.Rawal said Nepal, which brooks no anti-China separatist forces undermining its friendly relations with China, would like to boost law-enforcement cooperation with China and jointly crack down on crimes on their border areas.China's Public Security Minister Meng Jianzhu also held talks with Rawal Monday after the latter's meeting with Zhou.Meng said China's Ministry of Public Security is ready to work with the Nepali Ministry of Home Affairs to implement the consensus reached by their state leaders to enhance bilateral exchanges and cooperation.Based on the principle of considering the overall situation and looking to the future, Meng expects continuous and healthy development in China-Nepal relations.Rawal echoed Meng sentiments, reiterating Nepal's willingness to further cooperate with China in law-enforcement.At the invitation of Meng, Rawal is visiting China from Feb.6-12.

SANYA, Hainan, March 21 (Xinhua) -- A senior official with the United Nations World Tourism Organization (UNWTO) said Sunday China is expected to become the world's largest tourist destination by 2015."China, as we predict, is going to become the world's No. 1 tourist destination by the year 2015," said Taleb Rifai, secretary general of the UNWTO."China is almost there. It is now the world's fourth largest destination when it comes to incoming tourists, and the rates of growth are moving so quickly that we think this is a realistic target," Rifai said.France is currently the country receiving the most international tourists, at 80 million per year, followed by the United States and Spain, both at 60 million a year, while China has about 48 million, he said."China's tourism economy has moved incredibly in the last ten years. The number of incoming tourists rose from 8 million to 48 million. The potential of the growth is still big because of the size of China," Rifai said.Rifai said the global tourism industry is improving but challenges remain due to the weak economy."The tourism industry has to follow and is very much affected by the general economic situation, and for sure the general economic situation has started to turn around. But we cannot call it a full recovery at the moment," he said.

YINCHUAN, Feb. 27 (Xinhua) -- Chinese Vice Premier Li Keqiang called for more efforts to promote the development of China's west region on Saturday.Li made the remarks during an inspection tour in the west Ningxia Hui Autonomous Region."Expanding domestic consumption is key to economic restructuring which is crucial to accelerating the transformation of economic development mode, a strategic task for China at present and in the long run," Li said.Chinese Vice Premier Li Keqiang talks with villagers during an inspection tour in Ningxia Hui Autonomous Region, Feb. 26, 2010Advancing the development of west China is conducive to boosting domestic consumption, adjusting the structure and raising the level of economic development, given the region's vast area and great demand potential, he said.