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XIAMEN, June 20 (Xinhua) -- Top political advisor Jia Qinglin has urged China's southeastern Fujian Province, which faces Taiwan, to contribute more in promoting the peaceful development of cross-Strait relations."The relations between the mainland and Taiwan are currently at a crucial stage with many opportunities. Fujian should make full use of its advantages and work hard to boost cross-Strait exchanges and cooperation in terms of scope and scale," he said during a two-day inspection that ended Sunday in the region's city of Xiamen.Jia called on the province to implement more favorable policies to attract investment from Taiwan companies and strengthen economic ties between Fujian and the island.Jia Qinglin (C), chairman of the National Committee of the Chinese People's Political Consultative Conference, talks with workers of a Taiwan-invested enterprise in Xiamen, southeast China's Fujian Province, June 20, 2010.During a visit to the Xiamen branch of a Taiwan technology company, Jia stressed that Taiwan companies on the mainland should respect and care for their workers.p "Workers' living and working conditions should be improved and their legal rights should be ensured," he said, adding that Taiwan companies should have confidence in investing in the mainland in order to achieve fast and sound development.In addition, as Fujian entered the flood season in late April, Jia urged the province to provide the highest priority to local people's safety and strive to reduce damages from disasters.As of Sunday morning, mud flows and floods triggered by intense rainstorms that began in mid-June have left 132 people dead and 86 missing in south China's nine provinces and regions including Fujian, according to the Office of State Flood Control and Drought Relief Headquarters.
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.
XI'AN, July 17 (Xinhua) - German Chancellor Angela Merkel continued Saturday her visit in Xi'an, capital of China' s northwestern Shaanxi Province.During the visit, Merkel and Chinese Premier Wen Jiabao held talks with heads of prestigious German and Chinese firms, and visited China-German joint venture Siemens Signaling Company Ltd.Merkel also held a meeting with the acting Governor of the Shaanxi Province Zhao Zhengyong.Zhao said the Sino-German cooperation taking place in Shaanxi had enjoyed great achievements during recent years, as there had been about 60 Sino-German joint ventures operating in the province.Merkel said more and more German businessman were looking forward to getting involved in China's "West Development" campaign, and she believed the bilateral cooperation will be pushed forward in the future.The acting governor gave Merkel a horse sculpture as a birthday gift, for Merkel's 56th birthday falls on this Saturday.Merkel was born in the year of the horse, according to the Chinese traditional calendar.During her stay in Xi'an, Angela Merkel also visited a cultural theme park, and the renowned Terra-cotta Warriors and Horses in the mausoleum of Qinshihuang, the first emperor of an united China.Merkel will leave Xi'an on Sunday Morning and wrap up her four-day official visit to China.
BEIJING, July 22 (Xinhua) -- China and Japan will on July 27 hold the first round of negotiation on the implementation of the principles of consensus concerning the East China Sea issue.The decision came after a meeting between Chinese Foreign Minister Yang Jiechi and his Japanese counterpart, Okada Katsuya, on the sidelines of the ASEAN Ministerial Meeting in Hanoi, according to Foreign Ministry press release Thursday.The decision was reached after consultations between the two nations' relevant departments, foreign ministry spokesman Qin Gang said in the release.According to Qin, the two countries' foreign ministers expressed their satisfaction about the state of China-Japan relations in their meeting.