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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.
OTTAWA, June 23 (Xinhua) -- Chinese President Hu Jintao flew into Ottawa, capital of Canada, Wednesday for a state visit, and later he will travel to Toronto for a summit of the Group of Twenty (G20), which aims to secure the global economic recovery and address economic challenges and risks.In a statement released upon his arrival at the airport, Hu said that China is ready to work with Canada to further expand exchanges and cooperation in various fields, push forward the China-Canada strategic partnership and bring even more benefits to the people of the two countries and around the world.Hu said that during his visit, he will have extensive meetings and in-depth discussions with Canadian leaders and people from all sectors of Canadian society to explore with them effective ways to advance China-Canada strategic cooperation.Under the current international situation, Hu said, China and Canada share broad common interests and vast potential for cooperation in many areas, ranging from promoting economic growth in both countries and the world to resolving regional hotspot issues and meeting various global challenges."China always values China-Canada relations," Hu stressed, adding that bilateral exchanges and cooperation have made positive progress in such fields as economy, trade, energy, science, technology, education, culture, health, environmental protection, justice and law enforcement.

ZHOUQU, Gansu, Aug. 9 (Xinhua)-- Premier Wen Jiabao has urged rescuers to race against time to search survivors after catastrophic mudslides hit a northwest China county and left nearly 1,300 people missing Sunday.At least 127 people have been confirmed dead and 1,294 others were reported missing in rain-triggered mudslides in Zhouqu County, Gannan Tibetan Autonomous Prefecture in Gansu Province, early Sunday morning."For those who were buried under the debris, now it's the most crucial time to save their lives," Wen stressed during a meeting held at the county government late Sunday night.He said the search and rescue work must not be halted as long as the possibility for finding survivors still exists.He instructed the rescuers to locate places where most people were buried or trapped and to clean the sludge as soon as possible.Wen also demanded that traffic, power supply and telecommunication in the county should be resumed as soon as possible."And people who have been evacuated should be taken good care of," Wen stressed.
BEIJING, Aug. 20 (Xinhua) -- China's Ministry of Education on Friday said that Taiwan's new amended laws would be beneficial to the cross-Strait educational exchanges.On Thursday, the Taiwan regional legislature adopted amendments to three laws, which would allow local colleges to accept students from the Chinese mainland and recognize degrees from mainland schools, except for medical schools.The ministry said in a statement that Taiwan should not put in place discriminatory policies that might harm mainland students."We hope related authorities in Taiwan could make good plans, offering attractive colleges and majors for, and take effective measures to protect the legitimate rights and interests of mainland students," said the statement.Under the amended laws, mainland students can not apply for schools and colleges related to the island's security nor attend the exams of civil servants and professionals such as doctors and lawyers.Taiwan's education department said in a statement that it would issue two detailed regulations in line with the amendments in September. The first group of postgraduate students are expected to arrive next March and the first college students can enroll next September.
BEIJING, Aug. 14 (Xinhua) -- Chinese Vice Premier Li Keqiang has called for the deepening of cooperation with other developing countries, and achieving mutual benefits with the countries aided by China.Li made these remarks during a recent visit to an exhibition that showcases the country's international aid effort in areas such as infrastructure, agriculture, medical treatment, industrial development, environmental protection, culture and education.This year marks the 60th anniversary of the country's international aid."As a developing country, China, while devoted to its own development, has been providing aid as best as it could for other countries in economic difficulties," Li said.He added that the policy must be continued and improved because there is an increasing imbalance in the economic development among different regions in the world."All aid workers have made noble contributions to our country's international aid cause, and some of them even sacrificed their lives. People will never forget them," Li said.The exhibition on Aug. 12-16 in Beijing has been jointly held by 28 ministries and organizations, including the ministries of commerce, foreign affairs and finance.
来源:资阳报