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BEIJING, Nov. 2 (Xinhua) -- Chinese companies' overseas investment rose 10.4 percent year on year in the first nine months even as global investment as a whole dropped sharply over the period, a senior Chinese official said Tuesday.Chinese companies invested 36.3 billion U.S. dollars overseas in the first three quarters, excluding investments in financial sectors, as other other companies, hit by the global downturn, reduced overseas investment, Zhang Xiaoqiang, vice chairman of the National Development and Reform Commission, China's top economic planning agency, said at the opening of the 2nd China Overseas Investment Fair in Beijing.China has emerged as a major source of foreign direct investment (FDI) outflows.Although global FDI outflows dropped 40 percent year on year in 2009, China's overseas investments rose 14.2 percent year on year to 47.8 billion U.S. dollars, said Zhang.By the end of 2009, more than 12,000 Chinese firms had set up 13,000 overseas enterprises in 170 countries and regions, he said.The National Development and Reform Commission approved the two-day Second China Overseas Investment Fair, which the China Industrial Overseas Development and Planning Association (CIODPA) and China Development Bank are co-hosting.Representatives of government, multinational companies, international organizations and financial institutions from more than 120 countries gathered at the trade fair to persuade Chinese investors to invest overseas.

BEIJING, Aug. 30 (Xinhua) -- Jia Qinglin, chairman of the Chinese People's Political Consultative Conference (CPPCC) National Committee, spoke highly of the country's private business people here Monday for their long-term efforts in the Guangcai (Glory) poverty-eradication program.Jia, also member of the Standing Committee of the Communist Party of China (CPC) Central Committee Political Bureau, gave his cordial thanks to a group of delegates attending a meeting of the China Society for the Promotion of the Guangcai Program (CSPGP), including those from Hong Kong and Macao.The private sector should be active in education, medical, cultural and employment-boosting programs, as well as in infrastructural and environmental work, in the poverty-stricken areas, Jia said.The leader also advised the Society to increase exchange with the United Nations organizations and non-government organizations abroad.On April 23, 1994, the China Guangcai Program was launched to help fight poverty in economically backward areas in response to the government's Eighth Seven-Year Anti-Poverty Plan (1994-2000).

BEIJING, Oct. 18 (Xinhua) -- There will be unrelenting efforts to crack down on activities such as illegal financing and pyramid selling by insurance agents, the China Insurance Regulatory Commission (CIRC) said Monday.The CIRC issued the statement on its website after two cases came to the attention of the insurance regulatory bureaus in Liaoning and Zhejiang provinces.In Liaoning, He Feng, head of the Chende Insurance Agent Company, was detained for collecting capital at high interest rates. In Zhejiang, the license of the Hangzhou Minfeng Insurance Agent Company Limited was canceled for luring policyholders by exaggerating prospective earnings.The CIRC reminded the public not to be misled by similar claims and encouraged them to report illegal activities to reduce their losses.

MUSCAT, Nov. 6 (Xinhua) -- China's top political adviser Jia Qinglin arrived here Saturday for an official goodwill visit intended to promote the development of relations between China and Oman.Jia, chairman of the Chinese People's Political Consultative Conference (CPPCC) National Committee, delivered a written speech at the airport of the Omani capital.In the speech, Jia hailed the traditional friendship and fruitful cooperation between China and Oman, which was once connected by the "Silk Road", pledging to enhance mutual understanding and friendship between the two countries and the two peoples through his visit.Oman is the third leg of Jia's four-state visit. He has visited Syria and Poland and will visit Kazakhstan.