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BEIJING, Jan. 23 (Xinhua) -- The Bank of China (BOC) board has agreed to sell up to 40 billion yuan (5.86 billion U.S. dollars) of bonds convertible to A shares to improve capital adequacy.The proposal will be turned into the first temporary shareholders' meeting in 2010, which will be held on March 19, for approval.Excluding issuance costs, the proceeds from the issuance of the six-year convertible bonds will be used to replenish the bank's capital base and working capital and to lift its capital adequacy ratio, according to the BOC, the third largest lender by market value in China.The BOC has been implementing positive financial policies and relatively loose monetary policies since 2009.The BOC capital adequacy ratio stood at 11.63 percent and the core capital adequacy ratio at 9.37 percent by the end of September 2009.

BEIJING, Feb. 1 (Xinhua) -- Chinese Premier Wen Jiabao has reiterated his country's support for the Copenhagen Accord and China's commitments to addressing climate change.In separate replies to letters from Danish Prime Minister Lars Loekke Rasmussen and UN Secretary-General Ban Ki-moon, Wen said the Copenhagen Accord resulting from the UN climate change conference in the Danish capital last year laid the foundation for advancing international cooperation on climate change and pointed the direction for future negotiations.The document reflected the political will of all parties to actively tackle climate change, upheld the dual-track negotiating mechanism of the UN Framework Convention on Climate Change and its Kyoto Protocol, and reaffirmed the principle of "common but differentiated responsibilities" for developed and developing countries, Wen wrote in the letters dated Friday.He said China would do its best to honor its commitments on climate change, including a reduction of carbon dioxide emission intensity per unit of GDP by 40 to 45 percent by 2020 against 2005 levels, an increase to 15 percent of non-fossil fuels in the country's total primary energy mix by 2020, and an increase of 40 million hectares of forest and 1.3 billion cubic meters of forest volume by 2020 from 2005 levels.Wen said China will continue to play an active and constructive role and work jointly with the international community for a meaningful conclusion of the Bali Roadmap negotiations at the Mexico climate talks with a comprehensive, effective and binding outcome that will reinforce the implementation of the convention and the protocol.

LONDON, Jan. 28 (Xinhua) -- Chinese Foreign Minister Yang Jiechi made four proposals Thursday on the Afghan reconstruction at the London Conference on Afghanistan."Afghanistan's reconstruction process had gone through twists and turns," Yang said in a speech. "The successful elections held by the Afghan people opened a new chapter in the history of the country."Chinese Foreign Minister Yang Jiechi speaks to the media after the one-day London Conference on Afghanistan in London, capital of Britain, Jan. 28, 2010. Yang Jiechi spoke highly of the London Conference on Afghanistan concluded on Thursday with security, economic development and governance topping the agendaOn the next stage of Afghan reconstruction, Yang made the following proposals: The international community should help create enabling conditions for safeguarding the security of the country and its people and help the country achieve economic development.His other two proposals were that the international community should help Afghanistan improve governance and enhance coordination and cooperation in helping Afghanistan."The international community should continue paying attention to Afghanistan and offer greater support and assistance to that country," he said. "It should help Afghanistan strengthen its sovereignty, ownership and development capacity." Chinese Foreign Minister Yang Jiechi (L) speaks to the media after the one-day London Conference on Afghanistan in London, capital of Britain, Jan. 28, 2010Yang emphasized that China will help the Afghan people embark on the path of peace, stability and development as early as possible.

BEIJING, Feb.7 (Xinhua) -- China's railway network has transported 5.03 million passengers as of Feb. 6, the eighth day of the country's annual Spring Festival transport peak lasting from Jan. 30 to March 10 this year, said the Ministry of Railway (MOR) Sunday.The figure was 105,000 more than that in the same time last year, up 2.1 percent year on year, according to the MOR. Passengers enter the railway station under a shelter against the rain in Guangzhou, south China's Guangdong Province, Feb. 7, 2010. In spite of a heavy rain, the Guangzhou Railway Station was estimated to transport 230,000 passengers on Saturday, 5,000 more than the peak day of last yearBeijing railways have transported 347,418 passengers by Feb.6, and the figures in Guangzhou and Shanghai stood at 576,710 and 325,190, the MOR said.The MOR had forecasted in January that China's railways were expected to transport 210 million passengers during the Lunar New Year travel rush, up 9.5 percent year on year.  Passengers enter the railway station under a shelter against the rain in Guangzhou, south China's Guangdong Province, Feb. 7, 2010. In spite of a heavy rain, the Guangzhou Railway Station was estimated to transport 230,000 passengers on Saturday, 5,000 more than the peak day of last year.

来源：资阳报