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BEIJING, Aug. 10 (Xinhua) -- China is ready to work together with the United States to forge ahead bilateral relations of constructive cooperation along the right track and in a sustained, healthy and stable manner, President Hu Jintao said here on Sunday.During a meeting with his U.S. counterpart George W. Bush in the central government compound of Zhongnanhai, Hu said the Chinese side has always viewed and handled its relations with the United States from a long-term and strategic perspective. Hu said China is willing to work with the U.S. side to promote dialogue and exchanges, enhance understanding and mutual trust, respect and care for each other's interest and concerns, and settle sensitive issues properly to ensure bilateral relations go along the right track and in a sustained, healthy and stable manner.Chinese President Hu Jintao (R) shakes hands with U.S. President George W. Bush at Zhongnanhai, compound of China's central authorities, in Beijing, China, Aug. 10, 2008. China-U.S. relations have maintained a good momentum, and face opportunities for further development, Hu said. The Chinese president cited frequent exchanges between the two countries at all levels, a better mechanism of dialogue and consultation in diverse areas, and fruitful consultation and coordination on major international and regional issues, such as the Korea Peninsula nuclear issue, the Iran nuclear issue and the Darfur issue. Hu spoke highly of Bush's contribution in promoting bilateral relations, and said he was very pleased to meet Bush again. "This is already the fourth visit you pay to our country, which has made you the U.S. president paying the most visits to China in the presidential terms," Hu told Bush. "This has fully demonstrated the great importance Mr. President has attached to the development of Sino-U.S. relations," he said. The inauguration of the new U.S. embassy in Beijing on Friday, which President Bush attended, and the inauguration of the Chinese embassy in Washington at the end of last month, signified the further advancement of the China-U.S. relations, said the Chinese president. In response, Bush noted that bilateral relations with China are important, constructive and forthright, adding that the U.S. side will continue to work with China to build bilateral ties on a more solid foundation. On the Taiwan issue, Hu reiterated China's stance against "Taiwan independence," and hoped the United States properly handles the issue to support the peaceful development of cross-Strait relations. "No matter what kind of changes take place in the cross-Strait relations, our stance of adhering to the one-China principle and opposing 'Taiwan independence' secessionist activities will never change, and cannot be changed," Hu said. Under new circumstances, the Chinese government will continue to push for the peaceful development of the relations across the Taiwan Straits, and promote cross-Strait personnel, economic and cultural exchanges and cooperation, said the Chinese president, adding that China hopes to see Washington properly handle the Taiwan issue and support such peaceful development. President Bush responded that the United States is glad to see the improvement of cross-Strait relations. During the meeting, which was followed by a banquet, the U.S. president said that he enjoyed the conservation with Hu, and has had "memorable experience" every time he visited the country. Describing the grand opening ceremony of the Beijing Olympic Games, which he attended on Friday night, as "spectacular," Bush congratulated China on the successful opening of the Games and said he has "fully enjoyed" the Games. He also thanked the Chinese side for its considerate arrangements of various activities for himself and his family during their stay in Beijing. Having watched a swimming final on Sunday morning in which Michael Phelps clinched a men's 400m individual medley gold with a new world record, Bush said he is looking forward to watching the basketball match between China and the United States scheduled for Sunday night. Hu congratulated Bush on the victory of Michael Phelps, whom he called "an excellent athlete of the United States," and expressed the belief that Phelps will "achieve more outstanding results" in the Olympic swimming competition.Chinese President Hu Jintao (R, front) shakes hands with U.S. President George W. Bush during their meeting at Zhongnanhai, compound of China's central authorities, in Beijing, China, Aug. 10, 2008.The Chinese president also took the opportunity to expressed sympathy over the tragic incident on Saturday in which one American citizen was killed and the other injured. "I would like to express my heartfelt sympathy to you and the family of the victims over this unfortunate incident," said Hu. Hu said that the Chinese side has paid great attention to this incident and he has personally instructed the Chinese Foreign Ministry to visit the injured American in hospital. "We started investigation on this case immediately, and will handle it seriously in accordance with law. We will keep contact with the U.S. side and inform you of the new developments," said the Chinese president. Bush thanked China for how it has handled the situation of Todd Bachman and his family, and also thanked Hu for his expression of sympathy. Todd and Barbara Bachman of Lakeville, Minneapolis, were attacked by a man with a knife while touring the 13th-century Drum Tower of Beijing on Saturday. Todd Bachman died from knife wounds while his wife suffered multiple stab wounds and was in critical but stable condition after an eight-hour surgery. Police said that the assailant, 47-year-old Tang Yongming from Hangzhou of east China's Zhejiang Province, later killed himself by jumping off a 130-foot high balcony on the Drum Tower. During the Sunday meeting, the two presidents also exchanged views on other issues, including the Korean Peninsula nuclear issue and the Iran nuclear issue. They agreed that the two sides should maintain communication and coordination, and make joint efforts to facilitate the proper settlement of these issues. Both leaders also made a positive evaluation of the progress achieved through the strategic and economic dialogue between the two countries, and agreed to work together to help the dialogue achieve more positive results.
BEIJING, Sept.1 (Xinhua) -- China's securities watchdog on Monday required fund companies to make their information release more transparent and rolled out a draft regulation on brokers, its latest moves to boost the healthy development of the country's stock market. The information of stock-oriented funds, such as their periodic results, would be regularly publicized on the website of the China Securities Regulatory Commission, according to a standard format in the eXtensible Business Reporting Language (XBRL), starting from Jan. 1 next year, the CSRC said in a statement on Monday night. "The move was to further improve the quality of information release by fund companies," said the CSRC. The new rule was expected to help third-party agencies to appraise and supervise the management of fund companies. Previously it was difficult for a third party to collect and analyze the first-hand information of funds, which was not available to all. Meanwhile, the CSRC said a new regulation on securities brokers would prohibit them from surpassing their authority by manipulating customers' accounts or providing investment counseling. The dealers would also be forbidden to "offer or spread false, misleading information", or "tempt customers to make unnecessary deals," said the CSRC. Nor could they make agreements on sharing investment proceeds with customers, or promise gains or compensation for losses. "It was aimed at protecting the legal interests of fund investors and ward off risks caused by ill regulation of securities dealers," said the CSRC in a separate statement. The watchdog's actions were part of China's recent efforts to straighten out the stock market order and lay a sound foundation for a long-term development. The CSRC announced earlier this month it would raise the refinancing threshold for listed companies, saying the dividend they pay to shareholders in the recent three years should be no less than 30 percent of its distributed profits, compared with the previous set line of 20 percent. Refinancing plans of listed companies had led to share price declines and complaints in China as liquidity concerns loomed over the stock market. Investors also blamed their losses on insider trading and opacity of fund companies. Last week, a draft amendment to the Criminal Law was submitted to China's top legislature, stating that employees of financial institutes will face criminal prosecution for insider trading. Currently there were no relevant provisions in the Criminal Law. China's benchmark Shanghai Composite Index has shed more than 60 percent from its peak in mid October last year. In the first half, 364 funds in the country incurred a record loss of 1.08 trillion yuan (about 154 billion U.S. dollars), more than 90 percent coming from stock-oriented or hybrid funds, according to statistics from the TX Investment Consulting Co..

NANNING, Oct. 5 (Xinhua) -- Chinese Premier Wen Jiabao said here Sunday that China's financial institutions have generally increased their strength, profitability and risk-resisting ability, and the financial system as a whole is sound and safe in face of the international financial crisis. Wen made the remarks during an inspection tour to Guangxi Zhuang Autonomous Region in southwest China. Chinese Premier Wen Jiabao greets workers as he visits an oil refinery under construction in Qinzhou City, southwest China's Guangxi Zhuang Autonomous Region, Oct. 4, 2008. He said that the world economic situation has had dramatic changes this year, the United States' subprime crisis has been deteriorating and is having an increasingly serious negative impact on the world's financial market and the world economy as a whole. Under multiple negative factors, both international and domestic, China has reacted actively and properly, made efforts to improve the predictability, pertinence and flexibility of macro-economic control policies, and timely solved outstanding problems in economic development. As a result, the country's economy has maintained its momentum of smooth and rapid development, Wen said. Generally speaking, China's economic foundations have not changed and the economy is developing towards the preset macro control targets, said the Premier. "We have full confidence in China's economic development and financial stability," Wen said, stressing that the most important thing is to do our own business well, maintain the stability of the economy and the financial and capital markets. "It is the biggest contribution to the world when a big country with a population of 1.3 billion is able to maintain a lasting, smooth and fast economic development," he said. On Saturday and Sunday, Wen inspected villages and factories in the cities of Beihai, Qinzhou and Fangchenggang, and talked with local people of different nationalities and from all walks of life. He said that the development of Beibu Gulf should focus on technological innovation and environmental protection to build into an important zone for international and regional economic cooperation. In Gaosha Village of Qinzhou, Wen inspected rice paddy and visited farmers' homes. He said that the government will further reinforce its support for agriculture, continue to increase subsidies to farmers and raise the minimum grain purchasing prices to mobilize farmers to produce more grain.Chinese Premier Wen Jiabao examines the growth of paddy at Gaosha Village in the Qinnan District of Qinzhou City, southwest China's Guangxi Zhuang Autonomous Region, Oct. 5, 2008. Wen made an inspection tour in Guangxi on Oct. 4-5.
来源:资阳报