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BEIJING, July 4 (Xinhua) -- Former Chinese Vice Premier Zeng Peiyan on Saturday called for the whole world to work together to seek reforms in financial supervision, boost economic restructuring and build a green economy.     The present financial crisis has revealed deep-rooted structural imbalance within the traditional economy and developing pattern, and the world should focus on solving such issues in the post-crisis era, he told Xinhua during an exclusive interview at the Global Think Tank Summit.     The international community should jointly improve the global financial supervision system with generally-accepted regulatory standards to monitor and intervene on possible systematic risks as early as possible, Zeng said.     The international currency system should be reformed into a steady, foreseeable and diversified one, and it is necessary to set supervision on the financial stability of nations of major reserve currencies, he told Xinhua.     It would take a long time to carry out the global economic restructuring and solve the imbalances between consumption and savings, he said, adding that such a move needs efforts from both developed countries and developing ones.     Zeng called on developed countries to help developing countries by improving their external environment for economic development, as developing countries have already become the biggest victims of the present crisis.     Zeng also called for more international cooperation in building a green economy, as developing countries need technical and financial support from developed countries to avoid wasting resources and destroying the environment while seeking economic revival.     The summit, which concluded on Saturday, is organized by the China Center for International Economic Exchanges (CCIEE), a non-governmental research and consulting organization created this March, with Zeng as its director.     The three-day summit had attracted over 900 scholars, experts and business leaders from all over the world, including former President of the European Commission Romano Prodi and former Secretary of State of the United States Henry Kissinger

BEIJING, June 14 (Xinhua) -- The China Ping An Insurance (Group), which had plans to buy a 22 billion yuan (3.2 billion U.S. dollars) stake in Shenzhen Development Bank (SDB), said Sunday that there are no changes in buying into the bank for the moment.     There are no changes in the bank, and the stake purchase aims to improve Ping An's financial service and asset structure, said Zhang Zixin, general manager of the China's second largest insurer via a telephone news conference.     Ping An and SDB will operate with their own plans. The management team of the bank will not change right now, according to the Frank Newman, president of SDB, and Richard Jackson, president of the Ping An Bank Co., Ltd.     The company said last Friday it would buy 520 million shares from the U.S.-based TPG's Asian arm Newbridge Capital for 11.45 billion yuan by the end of 2010. Newbridge Capital is currently the top shareholder in Shenzhen Development Bank.     The Ping An would acquire no more than a 30 percent stake in Shenzhen Development Bank after the two deals, and become the top shareholder instead.     The Ping An Group, together with Ping An Life Insurance, currently holds a 4.68 percent stake in Shenzhen Development Bank.

WASHINGTON, April 22 (Xinhua) -- A senior official of the U.S. mortgage giant company was found dead as a result of an apparent suicide incident, said police on Wednesday. According to police, David Kellermann, the Freddie Mac's acting chief financial officer and senior vice president, was found hanging himself at the basement of his house in Vienna, Virginia, early in the morning. Fairfax County Police control access to the home of David Kellermann, acting chief financial officer of mortgage giant Freddie Mac, in Vienna, Virginia, April 22, 2009. Kellermann, acting chief financial officer of troubled U.S. mortgage giant Freddie Mac, was found dead on Wednesday in his suburban Virginia home after apparently committing suicide, a local police source said    Police said that they arrived at the scene after receiving an alert from Kellermann's wife, Donna, but did not provide more details. David Kellermann, acting chief financial officer of mortgage giant Freddie Mac, is pictured in this undated photograph, released on April 22, 2009The incident was considered as another blow to the company that owns or guarantees about 13 million mortgages but lost more than 50 billion U.S. dollars last year.     The 41-year-old man was appointed to the post in September last year after the Treasury Department took over the company and its sibling Frannie Mae, both of which were criticized for financing risky loans that led to lots of foreclosure. Fairfax County Police stand on the front step of the home of David Kellermann, acting chief financial officer of mortgage giant Freddie Mac, in Vienna, Virginia, April 22, 2009. Kellermann, acting chief financial officer of troubled U.S. mortgage giant Freddie Mac, was found dead on Wednesday in his suburban Virginia home after apparently committing suicide, a local police source said. Quoted by U.S. local media, neighbors said that Kellermann, who worked for Freddie Mac for the past 16 years, lost an amount of weight after he took the new job.     Despite persuasion by neighbors that he should quit his job to release the pressure, Kellermann insisted that he would stay and help the company through its problems.     After Kellermann's death, John Koskinen, the company's interim chief executive, said in a statement that Kellermann is "a man of great talents," and "his extraordinary work ethic and integrity inspired all who worked with him."     Treasury Secretary Timothy Geithner said in a statement "our deepest sympathies are with his family and his colleagues at Freddie Mac during this difficult time."     According to a report from the New York Times, Kellermann had received a bonus of about 800,000 dollars since the government take-over, which, as a part of totaled 210 million dollars for executives at Freddie Mac and Fannie Mae, has prompted scrutiny from lawmakers who have questioned bonuses for executives of firms receiving government bailouts.

XI'AN, June 7 (Xinhua) -- Chinese Premier Wen Jiabao has urged the country's college students to find grassroots jobs in less developed regions as the economic downturn increases pressures in employment market.     Visiting Xi'an, capital of central Shaanxi Province, from Friday to Sunday, Wen said employment was one of the government's priorities for the sake of the country's economy and for the future of individuals.     "College students, laid-off workers and migrant workers waiting for jobs are my biggest concern," Wen told job hunters at an employment center.     He encouraged graduates from universities and colleges to find work in grassroots regions, and called on employers to create more jobs.     Since the second half of last year, the government has implemented a series of policies to create jobs. The State Council, or Cabinet, also decided to give living allowances to graduates who went to the central and western regions for internships.     Everyone should have a resolute belief that they should try their best no matter what their job was, Wen told students at Xi'an Jiaotong University. Chinese Premier Wen Jiabao (Central Left, front), who is also a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, talks with farmers in Fengdian Village, Doumen Town of Xi'an, capital of northwest China's Shaanxi Province, June 6, 2009. Wen paid a visit to Xi'an from June 5 to 7During a visit to a village in the city's outskirts, he said the government would promise the country's farmers higher incomes by raising the average procurement price of wheat by 0.1 yuan per 500g.     When the market price went up, sell the products to the market, when it went down, sell them to the government, Wen told farmers.     Wen also went to a main production base of BYD Company Ltd., a Hong Kong-listed indigenous auto maker specializing in electric-powered technologies.     Wen got into a new hybrid vehicle using gas and electricity and encouraged the company to achieve more independent technological breakthroughs.     He said the government's policy of development of western regions had proved successful over the past 10 years.     Governments at all levels should continue the policy and formulate more support measures to improve living standards for people in western regions, Wen said.

BEIJING, May 31 (Xinhua) -- Chinese President Hu Jintao visited two primary schools in Beijing Sunday, joining children in language classes, games and kite painting, and wishing them a healthy and bright future.     Hu made the visits on the eve of the annual International Children's Day, which falls on Monday and will be celebrated by about 250 million children under the age of 14 across the country.     Hu first went to Jushan Primary School, where 90 percent of some 700 students are children of migrant workers from outside the Chinese capital. Chinese President Hu Jintao (C) stays with Chinese and foreign children at Fangcaodi International School in the Chaoyang District of Beijing, capital of China, May 31, 2009, one day ahead of the International Children's DayThe boarding school is seen as a model of equal and quality teaching for migrant children.     Hu joined first grade children, who were learning Chinese idioms such as "When you drink water, think of its source." Satisfied with their understanding, Hu told them to learn to be grateful for what they enjoyed and to study hard.     During a handcraft session, the president was shown works made from recycled materials and paper. He happily joined several students in finishing a mosaic map of China, using pieces of egg shell.     "This is a good idea to use recycled materials to make handcrafts. I hope you become more aware of saving natural resources and environmental protection," Hu told the excited kids. Chinese President Hu Jintao (3rd R) is present at a class at Fangcaodi International School in the Chaoyang District of Beijing, capital of China, May 31, 2009, one day ahead of the International Children's DayOn the school's playground, the president's skill at kicking shuttlecock, a popular game among Chinese, won him applause.     He stressed children of rural migrant workers in cities should enjoy same rights to standard education so they can grow up equally healthy and happy as the children of urban residents.     During a visit to the Fangcaodi Primary School, an international school, Hu's attention was attracted by a group of first grade foreign students who were speaking fluent Chinese.     The smiling president listened them saying their names, ages and their home countries. He also acted as a teacher, discussing the differences between lemons and oranges. Chinese President Hu Jintao (C) visits Chinese and foreign children at Fangcaodi International School in the Chaoyang District of Beijing, capital of China, May 31, 2009, one day ahead of the International Children's Day.Hu joined the children painting kites and doing makeup of traditional Peking opera. He also taught kids to make dumplings, atypical Chinese food.     Established in 1956, the school has more than 4,000 foreign students from more than 150 countries and regions. Many are children of foreign diplomats, experts and business people living in Beijing.     Before leaving, Hu told Chinese and foreign students to help each other and to make progress together for a better world.     Other senior Chinese officials also took part in activities on Sunday to celebrate Children's Day. Chinese President Hu Jintao (C) watches a performance by pupils at Jushan Primary School in the Haidian District of Beijing, capital of China, May 31, 2009, one day ahead of the International Children's Day. Li Changchun, a member of the Standing Committee of the Communist Party of China Central Committee Political Bureau, attended an evening gala in Beijing that featured songs, dance, martial arts and acrobatic performances by young artists.     Chen Zhili, vice-chairwoman of the National People's Congress Standing Committee, China's top legislature, was invited to a national singing performance in Beijing.     Almost 1 million children will join activities in the next four months to sing patriotic songs that will be recorded and broadcast by China National Radio.     In a separate gathering in Beijing, Chen praised a charity program to aid girls who had dropped out of school because of poverty. Chinese President Hu Jintao (3rd R Back) poses for a photo with pupils at Jushan Primary School in the Haidian District of Beijing, capital of China, May 31, 2009, one day ahead of the International Children's Day.In 1989, the Children's Foundation of China, the All-China Women's Federation, the Ministry of Agriculture and the State Nationalities Affairs Commission, jointly launched the "Spring Bud Program" to pool donations from across the country to help millions of young girls who are forced to drop out of school.     The program has helped an estimated 1.7 million girls, mainly of primary and junior middle school levels, return to school in the past two decades.     Chen, who also chairs the All-China Women's Federation, told the meeting that the program plans to help poor female students to finish high school, as well as to provide technical training.Li Changchun (C), a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee meets with children after attending an evening gala in Beijing that featured songs, dance, martial arts and acrobatic performances by young artists in Beijing, China, May 31, 2009.

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