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HARBIN, Aug. 30 (Xinhua) -- Top Chinese political advisor Jia Qinglin on Saturday urged new social and economic development in northeast China's Heilongjiang province, in accordance with the country's strategy to revitalize the old industrial base.     Jia, chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), made the requirement during an inspection tour of Heilongjiang from Aug. 26 to 30. He visited local farms, enterprises and research institutes.     He said Heilongjiang, the country's largest production base of commodity grain, should make more efforts on grain production, by further increasing agricultural input and infrastructure construction. Jia Qinglin (C), chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), visits a farm in Harbin, capital of northeast China's Heilongjiang Province, Aug. 29, 2008, during his inspection tour in Heilongjiang from Aug. 26 to 30    In addition, the province should promote the development of agricultural science and technology, and further arouse farmers' initiatives for farming.     Meanwhile, Heilongjiang, as one of China's important industrial bases, should invigorate its equipment manufacturing industry, to make more contributions to the country's industrialization and national defense.     Jia, also a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, showed great concerns on local ethnic minorities' lives, saying the government should continue to help them lead harmonious and happy lives. Jia Qinglin (2nd R, front), chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), visits the Harbin Boiler Company in Harbin, capital of northeast China's Heilongjiang Province, Aug. 29, 2008, during his inspection tour in Heilongjiang from Aug. 26 to 30.

BEIJING, Oct. 9 (Xinhua) -- China's securities regulator on Thursday said publicly-traded companies must pay dividends in cash rather than stock over three years before submitting their refinancing applications.     The move could help to encourage long-term investment and reduce market volatility, the China Securities Regulatory Commission (CSRC) said.     The benchmark Shanghai Composite Index has plunged 66 percent from its record high last October.     In a new regulation stipulating cash dividend payment by listed companies, the CSRC said: "The listed firms, if applying for refinancing, must pay dividends in cash totaling no less than 30 percent of its distributed profits over the past three years."     The regulation went into effect on Thursday.     In the draft version released in August, companies were allowed to pay dividends either in cash or stock.     The listed firms were also ordered to reveal their cash dividend policies and previous cash dividend data to investors in their annual reports to improve transparency.     "The listed company should give reasons why it failed to pay a cash dividend if it is able to and where the money goes," according to the rule.     Cash dividends could offer stable investment returns and prompt large institutional investors to reduce speculation on the secondary market, the regulator said.     A couple of huge refinancing plans earlier this year triggered a market plunge on concerns over stake dilution and liquidity stress.     In a separate regulation on share buy-back, also effective on Thursday, the CSRC said it allowed a cash dividend payment when the controlling shareholders bought stocks on the secondary market.     Such action was banned in the draft version released in late September to solicit public opinion.     Share buy-back through bidding at stock exchanges also no longer needs regulatory approval.     The CSRC added it would continue to revise the rules on stock buy-back and also give consideration to repurchase through agreement or tender offer.

HONG KONG, July 7 (Xinhua) -- Chinese Vice President Xi Jinping delivered a keynote speech at a welcoming banquet hosted by the Hong Kong Special Administrative Region (HKSAR) government here Monday evening, elaborating his understanding of and expectations to the HKSAR.     Xi started his toast at the dinner by extending warm greetings and best wishes to Hong Kong people on behalf of the central government and President Hu Jintao. Chinese Vice President Xi Jinping delivers a keynote speech at a welcoming banquet on July 7, 2008. "Over the past 11 years since Hong Kong's return, what you have achieved is truly commendable," Xi told about 400 guests attending the dinner in his televised speech at the Shangri-La Hotel, "we are here to feel for ourselves the profound changes that have taken place in Hong Kong since its return."     Xi expressed his thanks to the HKSAR government and Hong Kong compatriots for their strong support to the Chinese mainland in the rescue and relief efforts in earthquake-hit southwest China, as well as their contributions to the preparations of the Beijing 2008 Olympic and Paralympic Games.     "We in the Chinese mainland are deeply touched by the profound friendship of our Hong Kong compatriots with whom we share the strongest blood ties," said Xi, who takes charge of the Hong Kong and Macao affairs and a top-level leading group for the preparations of the Beijing Olympics and Paralymics.     The vice president said he was confident that the HKSAR government and Hong Kong compatriots will host warm, splendid and successful equestrian events during the Olympic and Paralympic Games.     As one of the six co-host cities, Hong Kong will stage the Beijing Olympics equestrian events in August.     Xi said the HKSAR government has led the preparatory work with great sense of commitment and the Equestrian Committee (Hong Kong)and the Sports Federation and Olympic Committee of Hong Kong have been working in close collaboration with all sectors of Hong Kong.     The whole country and the whole world are deeply impressed by Hong Kong people's enthusiasm, their level of participation and their passion for the Olympics, he noted.     Xi announced that the Ministry of Commerce and the HKSAR government will soon sign a document on the arrangement to facilitate entry of Hong Kong service providers to the Chinese mainland, particularly Guangdong Province.     "In future, the central government will continue to give strong support to all initiatives and endeavors aimed at developing the economy and improving people's lives in Hong Kong," Xi stressed.     With the strong support of the motherland and the united efforts of the HKSAR government and Hong Kong people of all sectors, Hong Kong will overcome all risks, difficulties and challenges on its way of development, he added.     Xi said Hong Kong now enjoys social stability, economic growth and higher living standard, and its future is even more promising.     "What has happened has proved and will continue to show that the policy of 'one country, two systems" is the right choice for Hong Kong and has strong vitality," he said, adding, "our Hong Kong compatriots will administer Hong Kong well and bring greater prosperity to the people."     In the welcoming banquet in honor of the vice president, Chief Executive of HKSAR Donald Tsang pledged that Hong Kong will do its best to make the equestrian events a great success to demonstrate that Hong Kong people are worthy of the trust bestowed upon them by the nation.     Xi arrived in Hong Kong on Sunday morning for a three-day inspection tour of the special administrative region.

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.

TAIYUAN, Sept. 11 (Xinhua) -- Rescuers on Thursday had finished searching more than half the mud-covered areas in north China after a mud-rock slide left 128 people dead.     Shanxi Provincial Government Secretary-General Wang Qingxian said about 60 percent of the area had been combed. Altogether 2,000-plus rescuers, with the aid of more than 110 excavators, were searching for survivors.     He said Internet claims that hundreds of people were missing was mere speculation.     "The specific figure of the people missing in the disaster has not been established yet," said Wang at a news conference. "We are still evaluating the situation."     He promised timely and transparent updated casualty numbers, adding 36 people had suffered injuries.     If the weather conditions allowed, searchers would finish looking for survivors in three to five days, he said.     Relatives of the dead will get 200,000 yuan (29,215 U.S. dollars) each as compensation, according to the provincial government.     The State Council, China's Cabinet, has set up an accident investigation team, including officials from the State Administration of Work Safety, Shanxi provincial government, Supervision Ministry, Land and Resources Ministry and All China Federation of Trade Unions. Wang Jun, the State Administration of Work Safety director, was heading the team.     The government has begun examinations to more than 700 tailing ponds in the province to avoid similar accidents from happening again.     There was no epidemic at the area and the injured were receiving treatment, said Gao Guoshun, the provincial health department head, at the news conference.     The water there was not polluted after examination, Gao added.     The disaster happened when the bank of a pond holding waste oredregs of an unlicensed mine burst.     Some reports said hundreds were feared to have been buried underneath the mud, but the local government had released no figures concerning the number of missing.     Wang Qingxian said the mine was purchased and transferred to a man named Zhang Peiliang when the local government auctioned it off in 2005.     But Zhang did not apply for new licenses after its safety production license was suspended in 2006 and the mining license expired in 2007.     "It was an accident of grave responsibility after initial analysis," said Wang Dianxue, the State Administration of Work Safety deputy head and also the investigation team deputy head.     The accident occurred around 8 a.m. on Monday in a pond holding waste ore dregs of the Tashan Mine in Xiangfen County, Linfen City, which was soaked by torrential rain.     In total, an area of 30.2 hectares was covered by the mud. The mud-rock flow damaged buildings, trade markets and some residences lying downstream.