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BEIJING, April 13 (Xinhua) -- Chinese companies will no longer need the central bank's approval when issuing short-term bonds on the inter-bank market amidst government efforts to boost direct financing and reduce bank loan risks.     The People's Bank of China (PBOC) announced non-financial companies could issue bonds with maturities of less than one year on the inter-bank market without its approval from April 15.     Instead, they would only need to register at the National Association of Financial Market Institutional Investors set up in September, the PBOC said in a statement issued late on Saturday.     It said other negotiable notes "with a certain maturity" issued by non-financial companies on the inter-bank bond market wouldn't need administrative examination and approval, either. Nor would future innovative financing tools on the market.     China has vowed to develop its capital market and broaden direct financing channels to curb enterprises' heavy reliance on bank credit.     "China's financial structure has long been unbalanced, with its direct financing underdeveloped," said the statement. "Enterprises rely on bank loans too much, bringing them fairly large hidden risks."     To boost innovation in debt offering and raise the share of direct financing could mobilize the transfer of deposits to investment and decrease credit risks of the banking system, it said.     China allowed companies to offer short-term bonds to qualified institutional investors on the inter-bank market in May 2005.     From then to the end of 2007, 316 companies issued 769.3 billion yuan (about 109.9 billion U.S. dollars) of short-term bonds, with 320.3 billion yuan of outstanding debts, statistics showed.     In comparison, short-term loans to non-financial companies and other institutions surged 1.25 trillion yuan in 2007, while middle- and long-term loans jumped 1.65 trillion yuan.

XIANYANG, Shaanxi, Oct. 5 (Xinhua) -- President Hu Jintao has written to the Tibet Nationalities Institute (TNI) to celebrate its 50th founding anniversary, which was the first institution of higher learning for ethnic Tibetans set up by the Central Government outside Tibet Autonomous Region.     Hu, also general secretary of the Communist Party of China (CPC) Central Committee, hailed the institute's "important contribution to the economic development and social progress" of Tibet, which has turned a great number of ethnic Tibetans into high-quality cadres and specialists.     Hu expressed the hope that the TNI would continuously improve its managerial level in teaching, play a better role as the training base for Tibetan cadres, and make greater contributions to improving the life of people of different ethnic groups in Tibet and promoting stability and unity in the region.     A ceremony was held on Sunday at the TNI in Xianyang City, Shaanxi Province, northwest China. Raidi, former vice-chairman of the Standing Committee of the National People's Congress, who is an ethnic Tibetan and a former leader of Tibet Autonomous Region, attended the celebration.

HONG KONG, July 6 (Xinhua) -- Chinese Vice President Xi Jinping said here Sunday he is glad to see that the Olympic spirit has won common acknowledgment among the general public in Hong Kong.     He made the remarks when meeting with delegates of Hong Kong athletes and volunteers set to participate or serve in the Beijing Olympics and Paralympics.     "I am very glad to see that you are all in such a good mood and so energetic. This is the spirit we need to stage a high-level Olympic Games with distinctive features," Xi told the delegates. Chinese Vice President Xi Jinping (C Front) meets with athletes of the Hong Kong team for the 2008 Beijing Olympics and Paralympics, and representatives of volunteers in Hong Kong, south China, July 6, 2008    Hong Kong athletes have a glorious tradition and produced many world gold medalists for China, Xi said, citing former table tennis player Rong Guotuan and former swimmer Qi Lieyun as examples.     Xi said volunteers devote their love to and promote harmony in the society, which incarnates the Olympic spirit, noting that 15,000 people have signed up to be the equestrian events volunteers in Hong Kong while more than 400 Hong Kong volunteers will work in Beijing during the Olympic Games.     "The Olympic Games is a grand event not only for the athletes, but also for the volunteers. The most important thing is to participate," Xi said.     Xi encouraged Hong Kong athletes to make full preparations for the Beijing Olympics and the Paralympics to demonstrate their best athletic skills and sportsmanship.     Xi arrived in Hong Kong Sunday morning on a three-day visit.     He met with Chief Executive of the Hong Kong Special Administrative Region (HKSAR) Donald Tsang Yam-kuen Sunday morning.     In the afternoon, Xi inspected the equestrian events venues for the 2008 Beijing Olympics and Paralympics to get firsthand information about Hong Kong's preparations for the Games.Chinese Vice President Xi Jinping (R) meets with athletes of the Hong Kong team for the 2008 Beijing Olympics and Paralympics, and representatives of volunteers in Hong Kong, south China, July 6, 2008

BEIJING, Aug. 2 (Xinhua) -- Chinese Premier Wen Jiabao on Saturday paid visits to three best-known senior intellectuals living in Beijing, honoring his own promise to call on these over-90-year elders once every year.     The three were linguist Ji Xianlin, founder of China's space industry Qian Xuesen, and "China's Madame Curie" He Zehui, who is the widow of China's Father of A-bomb Qian Sanqiang (1913-92). Chinese Premier Wen Jiabao (R) talks with Ji Xianlin, a well-known Chinese author and translator at the General Hospital of the Chinese People's Liberation Army in Beijing,capital of China, on Aug. 2, 2008."I've come to congratulate your birthday in advance," said Wen to Ji, who is now staying in the General Hospital of the Chinese People's Liberation Army (PLA). Ji turns 97 on August 6.     Ji, a former deputy president of the prestigious Beijing University, is known for his translation works and fruitful study on Sanscrit and other ancient Indian languages, speaks good English and German, and can read French and Russian.     In their talks, Wen exchanged views with Ji on issues like the relief efforts for the deadly May 12 Earthquake, foreign language education, and the upcoming Olympic Games in Beijing.     "Our history has always witnessed disasters like floods, droughts and earthquakes, but our nation has never been collapsed, and quite the contrary, (our nation) has become stronger and stronger after these disasters," said the premier, who is also member of the Standing Committee of the Communist Party of China (CPC) Central Committee Political Bureau.     Ji agreed with Wen and he said in reply, "It is same for a nation and a person. Disasters train will of a person and a nation, as well." Chinese Premier Wen Jiabao (R) vists Qian Xuesen, a renowned scientist and founder of China's space technology at Qian's home in Beijing, capital of China, on Aug. 2, 2008. Afterwards, Wen visited Qian at his residence.     The premier had many face-to-face talks with Qian, who is four months younger than Ji, during the late 1980s and the early 1990s,when Wen was in charge of the development of science and technology in the CPC Central Committee. Qian was then president of the China Association for Science and Technology.     Being a geological expert himself, Wen had supported Qian for his strategic proposals on the development of sand industry, mathematics, and chemical industry. Wen even organized some experts to assist Qian in research projects.     In their meeting, the premier informed the scientist of the country's progress in space industry, such as the forthcoming launch of the Shenzhou-7 manned spacecraft, the Second Phase of the Moon-orbiting Program, and the country's ambitious plan to build large passenger aircraft.     Wen attributed China's achievements in science and technology to the decades-long efforts made by the elder generation Chinese scientists.     The premier echoed Qian that China still lags behind in many key sectors. "We have to be diligent," Wen said. Chinese Premier Wen Jiabao (L) shakes hands with He Zehui, a renowned Chinese physicist during his visit to He's home in Beijing, capital of China, on Aug. 2, 2008. Madame He, now 94, received Wen at her simple home in Beijing's Zhongguancun -- "China's Silicon Valley".     He, one of the oldest woman nuclear physicists in China, had collaborated with her husband to discover ternary fission and quarternary fission in the uranous nucleus.     Wen has been an old friend of the couple. When the husband was alive, Wen often visited their home. Once, Qian was invited to Zhongnanhai, the office compound of the CPC Central Committee and the State Council, in central Beijing, to acknowledge Wen of the latest development of the country's nuclear industry.     Wen talked with He about her daily life and health. The premier also recalled the night when he went to say farewell to the body of Qian.     Wen praised He for her simple life style and outstanding contribution to the nation. "The younger generation scientists should learn from you," he said to the senior woman scientist.

BEIJING, April 13 (Xinhua) -- Chinese companies will no longer need the central bank's approval when issuing short-term bonds on the inter-bank market amidst government efforts to boost direct financing and reduce bank loan risks.     The People's Bank of China (PBOC) announced non-financial companies could issue bonds with maturities of less than one year on the inter-bank market without its approval from April 15.     Instead, they would only need to register at the National Association of Financial Market Institutional Investors set up in September, the PBOC said in a statement issued late on Saturday.     It said other negotiable notes "with a certain maturity" issued by non-financial companies on the inter-bank bond market wouldn't need administrative examination and approval, either. Nor would future innovative financing tools on the market.     China has vowed to develop its capital market and broaden direct financing channels to curb enterprises' heavy reliance on bank credit.     "China's financial structure has long been unbalanced, with its direct financing underdeveloped," said the statement. "Enterprises rely on bank loans too much, bringing them fairly large hidden risks."     To boost innovation in debt offering and raise the share of direct financing could mobilize the transfer of deposits to investment and decrease credit risks of the banking system, it said.     China allowed companies to offer short-term bonds to qualified institutional investors on the inter-bank market in May 2005.     From then to the end of 2007, 316 companies issued 769.3 billion yuan (about 109.9 billion U.S. dollars) of short-term bonds, with 320.3 billion yuan of outstanding debts, statistics showed.     In comparison, short-term loans to non-financial companies and other institutions surged 1.25 trillion yuan in 2007, while middle- and long-term loans jumped 1.65 trillion yuan.