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BEIJING, Dec. 16 (Xinhua) -- China issued rules for pilot programs of RMB Qualified Foreign Institutional Investors (RQFII) on Friday, formally giving a green light to investment of overseas RMB funds in mainland securities markets.The move is expected to widen the investment channel of overseas RMB funds and add new momentum to the country's bid to make the RMB an international currency.Hong Kong subsidiaries of fund management companies and securities firms can use RMB funds raised in Hong Kong to invest in mainland securities within a permitted quota, according to the rules jointly released by the China Securities Regulatory Commission (CSRC), the People's Bank of China and the State Administration of Foreign Exchange.The total investment quota of RQFII pilot programs is set at around 20 billion yuan (3.15 billion U.S. dollars), according to the rules.To control risks, qualified investors should invest no less than 80 percent of the RMB funds they raised in fixed-income securities, while investment in stocks and equity funds should account for no more than 20 percent.The CSRC will join other related departments to study the possibility of further expanding the trial program after its launch, said a CSRC official who declined to be identified.The launch of the RQFII will open another significant channel for overseas RMB funds to flow back into the country, said the CSRC official.It will also help diversify investment products for overseas RMB funds and facilitate off-shore RMB business, the official said.The RMB is not fully convertible under the capital account but China has stepped up efforts to make the currency more international over the past few years.The government has encouraged the use of the RMB in cross-border trade and investment settlement and approved foreign direct investment in overseas RMB funds obtained overseas.It also allowed Hong Kong to establish an offshore yuan market and has expanded trade settlement agreements and currency swaps to create more channels for the yuan to circulate outside the mainland.
SAN FRANCISCO, Nov. 3 (Xinhua)-- Amazon on Thursday launched an e-book lending service for owners of its Kindle devices, letting them borrow one digital book per month with no due date.Amazon said Kindle owners with an annual Prime membership can choose from thousands of books to borrow for free, including over 100 current and former New York Times Bestsellers. The online retail giant did not give an exact figure on the number of books of the new service.According to the company, readers' notes, highlights and bookmarks in borrowed books will be saved, so they will have them later if they purchase or re-borrow the book. Customers can have one book out at a time and the borrowed book should be returned through the Kindle device when they want to borrow a new one.In a press release, Amazon said it has reached agreement with publishers for a vast majority of titles for a fixed fee. But in some cases, Amazon is purchasing a title each time it is borrowed by a reader under standard wholesale terms.An Amazon Prime membership costs 79.99 U.S. dollars a year in the United States and gives members free two-day shipping and free access to the company's video streaming service containing some 13, 000 TV shows and movies.The new service is not compatible with smartphones, personal computers or tablet computers from other vendors running with Kindle apps, which makes Amazon's Kindle e-ink readers and its latest low-price tablet Kindle Fire more enticing to customers.According to Amazon, the Kindle Fire, which is priced at 199 U. S. dollars, will be released on Nov. 15.

JERUSALEM, Jan. 12 (Xinhua) -- An Israeli company has developed a system that scans the brain and provides a three dimensional image of the nerve cell connectivity to treat brain diseases like Alzheimer's or HDHD.The firm ElMindA trademarked a non-invasive system, the BNA ( Brain Network Activation), that helps doctors visualize the connectivity between nerve cells and synchronization that can even measure the severity of the patients condition from one day to another, the Israel21c news site reported on ThursdayBy creating a three-dimensional image of the brain while asking the patients to repeat an activity several times, BNA developers hope this system will become a regular way of diagnosing brain illnesses."Our vision is that every psychiatrist and neurologist in the world will routinely send every patient for BNA tests," said Dr. Eli Zangvil, ElMindA's strategic advisor for business development. "Our test would add information and aid in diagnostics in a way no other existing technology can do," he added.BNA could help doctors find out exactly at what stage of the disease patients and prescribe the exact medication for them."To do that, we must collect a lot of data," Zangvil said. "To say this person has a certain disease or condition, I have to be able to compare their pattern to a normal brain pattern of a person of the same age and gender." he said.Researchers hope to gather the amount of data they need to obtain FDA approval in the U.S. by the end of 2012, and start marketing it to hospitals by 2013.
BEIJING, Dec. 28 (Xinhuanet) -- A second city in East China's Fujian province will require those buying emergency contraceptive pills to show identification, Xiamen Daily reported on Wednesday.Citizens in Xiamen city of East China's Fujian province will now be asked to provide proof of identity, following a similar rule of the province's capital city of Fuzhou,According to the rule issued by Xiamen Food and Drug Administration, all pharmacies should check the buyer's ID card, register names and numbers as well as contact information, before selling pills to them.Some citizens fear the rule could invade people’s privacy. While others point out the rule may hinder efforts to protect teenagers from unplanned pregnancies.Despite the requirement, it is believed some will still be unwilling to register authentic personal information.
BEIJING, Jan. 15 (Xinhua) -- The winning of Ma Ying-jeou and Kuomintang (KMT) in Saturday's elections may open new chances for the peaceful development of cross-Strait relations.The results of the elections have indicated that the peaceful development of the cross-Strait relations is a correct path and has been widely recognized by the Taiwan people.Any persons and any political parties of Taiwan should follow this trend, so that they could earn recognition and support.Moreover, the victory of Ma and the KMT may represent a new opportunity for the development of the cross-Strait relations.With joint efforts of the two sides to fortify and enhance the existing mutual trust, there will be a even brighter prospect and further progresses in the cross-Strait talks, exchanges and cooperation.However, the two sides should be wary that the situation in the island is still complicated and the "Taiwan independence" stance will continue to haunt the cross-Strait relations development.There are still some long-term disputes and divergences existing between the two sides that await resolving.This year's elections were carried out under a background in which the cross-Strait relations have been significantly improved. The positive effects of the peaceful development of the cross-Strait relations have fully emerged.Over the past four years, the two sides of the Taiwan Strait have established a political mutual trust based on opposition to the "Taiwan independence" stance and adherence to the "1992 Consensus."The two sides resumed regular talks between the mainland's Association for Relations Across the Taiwan Straits (ARATS) and the Taiwan-based Straits Exchange Foundation (SEF) in 2008.The opening of "three direct links" of cross-Strait mail, trade, air and shipping services, has also pushed forward the cross-Strait economic cooperation into a brand-new stage.These achievements have brought about real benefits to the people on both sides of the Strait, especially the people in Taiwan.The cross-Strait economic cooperation has also helped the island's economy to buoy up from blows of the global financial crisis.The peaceful development of the cross-Strait ties have won a widespread support among the Taiwan people and it is also appreciated by the international community.During the election campaigns, whether to stick to the 1992 Consensus became a major field of cross fires among candidates. Ma had stood out and gained positive momentum with his cross-Strait policies.Numbers of Taiwanese notables, business tycoons as well as the small and medium-sized enterprise owners and the grassroots people have also expressed their stance for the "1992 Consensus" and their aspiration for further peaceful development of the cross-Strait ties.Under the public's pressure, the Democratic Progressive Party and its candidate Tsai Ing-wen have to lower their voices for "Taiwan independence."But their denial of the "1992 Consensus" and the stance of "one country on each side" could not abate the people's doubts and worries and finally led to their failure in the elections.Judged from the election, peaceful development of cross-Strait relations have developed from a concept to reality, benefitting people from different backgrounds and recognized by the public.
来源:资阳报