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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.

BEIJING, Jan. 19 (Xinhua) -- A senior official of the Communist Party of China (CPC) on Thursday extended festival greetings to members of the judiciary and police officers of Beijing, ahead of the country's Lunar New Year which falls on Jan. 23.Zhou Yongkang, secretary of the Committee of Political and Legislative Affairs of the CPC Central Committee, met with traffic police, firefighters, armed policemen, prosecutors and judges, prison guards, and families of police officers who died on duty.He urged the judiciary and police to give top priority in 2012 to maintaining social stability in the capital in the run-up to the CPC's 18th national congress.Zhou Yongkang (R front), a member of the Standing Committee of the Political Bureau of Communist Party of China (CPC) Central Committee and also secretary of the CPC Central Political and Legislative Affairs Committee, shakes hands with an armed policeman on duty at a troop station in Beijing, capital of China, Jan. 19, 2012. Zhou visited traffic police, firefighters, armed policemen, justices and procurators, jail police, and families of policemen who died on duties in Beijing on Thursday and extended festival greetings to them ahead of the Lunar New Year, which falls on Jan. 23 this year.He also noted the judiciary and police have completed tasks with honor over the past year, making great contributions to the stability of Beijing and the entire country.Zhou, also a member of the Standing Committee of the Political Bureau of the CPC Central Committee, expressed his appreciation to those armed police on duty during Spring Festival.While visiting a district-level court and procuratorate, Zhou urged staff of the judiciary to attach great importance to providing services, so to improve public confidence in the country's justice system.During his visit to Beijing's fire command headquarter, Zhou urged officers to be high on alert during Spring Festival, to prevent disastrous accidents and ensure the city's residents have a safe and happy holiday.

BEIJING, Jan. 8 (Xinhua) -- China canceled over one-third of all official ceremonies, seminars and forums last year in a bid to avoid extravagance or corruption in the use of public resources.Some 2,549 such activities proposed by governments or public institutions, or 37.7 percent of the total applications, which were deemed "ceremonial" and "unnecessary," were cut, saving 1.22 billion yuan (about 193.39 million U.S. dollars), said an official statement released Sunday.The statement was issued by the State Council's Office for Rectifying Malpractices, a ministry-level inter-agency supervisory body dedicated to eliminating administrative irregularities and abuse of power in government agencies, public institutions and major service sectors.Last year's inspections focused on activities co-funded by ministries and local governments, the statement said.The Chinese government agreed with the public that the soaring number of official celebrations, seminars and forums would cost plenty of money and manpower and exacerbate corrupt behaviors.In March, the State Council, or China's Cabinet, ordered 98 ministries and ministry-level government organs to make public their budgets and expenditures on official overseas visits, public vehicles and official receptions -- the "three public consumptions" that had triggered widespread public concern.Premier Wen Jiabao also repeatedly urged the country's government agencies to reduce administrative expenses, including cutting the number of meetings and documents printed.Official figures indicate that the country's crackdown on various forms of extravagant spending by officials saved the country 5.7 billion yuan in 2010.A blue book on China's conferences published in November estimated that the total output of the country's conference industry had reached nearly 1 trillion yuan. Companies made up half of this total, while a considerable portion came from the government and public institutions compared to other social organizations.

BANGKOK, Nov. 4 (Xinhua) -- Hundreds of Bangkok residents gathered in the city centre on Thursday, making ten thousand micro-organism balls to help clean the polluted water in flooded areas.Organized by local volunteer groups, the activity aimed to make 10,000 Effective Micro-organism balls (EM Ball), which are proven to be efficient in cleaning contaminated floodwater.According to Danal Chanchaochai, the organizer of the event, people in flooded areas were facing critical conditions as germs may spread in polluted water and threat their health. Mainly consist of soil, rice bran and micro-organisms, a tennis-sized EM Ball is capable to clean up 10 liter of water and can last for as long as one month, which making it a perfect water sanitizer.Another main objective of the event was to educate citizens on the simple steps of making EM Balls, in case of more flood in the city, he said.The organization had generated buzz on social media sites like facebook and twitter, calling everyone to help.Held at Amarin Plaza, one shopping mall at city centre, the activity attracted groups of volunteers, including office workers, local students and even foreign visitors.Volunteers were lining up to get the raw materials from the collection point and gave back completed EM Balls to the distribution centre in boxes. Residents needed to present their identity cards in order to retrieve the donated water cleaners.Volunteer Kulawan Ayura Chai said that, although her house hadn' t been affected by water yet, she understood the difficult situation faced by the victims and felt responsible to help.Lasted for three days from Thursday to Saturday, the activity aimed to make 100,000 EM Balls, adding to the 30,000 balls made earlier, to distribute to the flood victims in Bangkok and other regions in Thailand.

BEIJING, Sept. 30 (Xinhuanet) -- The number of children being prescribed stimulants to treat attention deficit hyperactivity disorder (ADHD) has been steadily rising in the U.S. since 1996, researchers found.The finding was contained in a report released Wednesday in the U.S. medical journal Psychiatry.About 7.8 percent of children aged 4 to 17 in 2003 were diagnosed with ADHD, compared to 9.5 percent in 2007, according to the data gathered from the Health Resources and Services Administration's National Survey of Children's Health.And compared to 0.6 percent in 1987, 2.9 percent of children under 19 in 2002 have been prescribed stimulants, the report said.The finding raises the researchers' concern as stimulants have side effects such as decreased appetite, leeplessness and even heart-related damage, the report warned."Stimulant medications work well to control ADHD symptoms, but they are only one method of treatment for the condition. Experts estimate that about 60 percent of children with ADHD are treated with medication." says researcher Benedetto Vitiello, MD, of the U.S. National Institute of Mental Health."There is ongoing concern that these drugs may not be used properly, especially when they are prescribed to college students or children in their late adolescence who are more in charge of their care and may not be using the medications as prescribed." he added.

来源：资阳报