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BEIJING, July 7 (Xinhua) -- Agricultural Bank of China (ABC), the last of the country's largest four banks to go public, announced Wednesday that it has set its A-share initial public offering (IPO) price at 2.68 yuan per share, hitting the high end of its IPO price range.The pricing of the shares means the bank could raise up to 10.12 billion U.S. dollars via the Shanghai portion of the IPO, as a greenshoe option has been exercised to expand the deal by 15 percent to 25.57 billion shares, ABC said in a statement filed with the Shanghai Stock Exchange.ABC plans a dual listing in Shanghai and Hong Kong in mid-July to replenish its capital base after a lending spree last year.It has yet to set the final IPO price for its Hong Kong portion, where it plans to sell 25.41 billion shares, excluding an over-allotment option.ABC set the price range for the Hong Kong portion at 2.88 to 3.48 HK dollars in late June.

BEIJING, Aug. 5 (Xinhua) - China's banking regulator on late Thursday said the hypothetical situations in the risk tests of banks, such as a possible slump in property prices, does neither indicate the regulator's judgment on the property market nor possible changes in government property policies.The China Banking Regulatory Commission (CBRC) reaffirmed in an online statement that it allows banks in regions with soaring property prices to suspend loans for third homes according to their assessment on credit risks.The CBRC also said the down payment and the lending rate for third homes mortgage loans should be raised, but the specific amount should be determined by banks.The declaration was made in response to domestic reports that the CBRC had ordered banks in Beijing, Shanghai, Shenzhen, and Hangzhou to stop issuing loans to third home buyers.According to Bloomberg's Thursday report, the banking regulator had told lenders to include worst-case scenarios of prices dropping 50 to 60 per cent in cities where they have risen excessively, which signaled that the government might be growing more concerned about the health of the real estate market.

BEIJING, June 14 (Xinhua) -- Chinese Vice President Xi Jinping left Beijing Monday morning for official visits to Bangladesh, Laos, New Zealand and Australia.Xi was invited by Bangladeshi Prime Minister Sheikh Hasina Wajed, Laotian Vice President Bounnang Vorachit, New Zealand Prime Minister John Key, and Australian Prime Minister Kevin Rudd.It's the first visit of a Chinese vice president to the four states.

BEIJING, July 26 (Xinhua) -- The Ministry of Health on Monday publicized a draft revision of the national standard of iodine content in edible salt, in which it stated the upper limit should be lowered by half.The average iodine content would be reduced to between 20-30 mg per kg of edible salt, from the current 20-60 mg, according to the draft.Iodine intake was "excessive" in five provinces and "above normal" in 16 other provinces, although the national level was "acceptable," the ministry said Monday in a statement explaining the revisions.Members of the public are invited to make submissions on the draft revision to the ministry via fax and email before Sept. 12.The ministry said earlier this month iodized salt was still essential in China as benefits of it still outweighed the negatives, citing the results of a nationwide risk assessment on iodine intake.The assessment was carried out in response to claims by media and medical experts that people in some regions, coastal areas in particular, were taking in excessive amounts of iodine.Since 1996, iodine has been added in salt across the country because in most parts of the country, the average diet is iodine deficient.Both iodine deficiency and excessive intake can lead to thyroid diseases.

BEIJING, June 22 (Xinhua) -- As a large number of new sites were discovered during the most recent survey of national cultural relics, Chinese State Councilor Liu Yandong called for the careful filing and scientific preservation of all survey results on Tuesday.Liu made the remarks at a meeting of the third national cultural relics survey, which is expected to pave the way for improved rules on the protection of cultural relics.During the meeting, Liu hailed the current progress of the survey and extended her greetings to all who are working to preserve the nation's sites of cultural relics.Liu said the cultural relics survey is the foundation for protecting and putting to use the country's cultural relics in a scientific way, and is also a key part of evaluating the country's soft power.According to Liu, the on-spot investigation phase has finished, and "a large number of varied, new cultural relics sites" were discovered across the country.Though without overall figures, Liu revealed that newly discovered sites covered fields such as the history of the Party and the period of the revolution, the industrial heritage and traditional rural architecture, as well as others fields of study.The survey, which began in April 2007, will continue until December 2011.