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TAIPEI, Sept. 11 (Xinhua) -- Financial organizations from the Chinese mainland and Taiwan have stepped up cooperation to take advantage of business opportunities brought by a landmark cross-Strait economic pact, the Economic Cooperation Framework Agreement (ECFA).The board of directors of Taiwan-based Taishin Financial Holdings decided on Sept. 9 to sign a cooperation agreement with mainland-based Nanjing Zijin Investment Co., a move hailed by the company as "the first step to enter the mainland."The agreement aims to promote exchanges and cooperation between the two companies and their subsidiaries, while Nanjing Zijin will ease the way for Taishin's new operations on the mainland, Taishin said.The company's Taishin Bank is also planning to set up an office in Nanjing, capital of east China's Jiangsu Province.Prior to this, China Huarong Asset Management Corporation (CHAMC) and Taiwan-based SinoPac Holdings signed an agreement in Beijing on Sept. 3 to begin a new strategic cooperation. According to the agreement, the two sides will cooperate in personnel training, exchange of management experiences and information, as well as in research, development of new products and new business models.Huarong President Lai Xiaomin said the ECFA would promote a quickening flow of economic resources across the Taiwan Strait, including the movement of personnel, materials, capital and information."The ECFA will bring great business opportunities for cross-Strait economic development and boost cooperation between financial institutions on both sides, thus bringing new development opportunities for financial industries across the Strait," he said.The ECFA, which is to take effect on Sunday, was signed by negotiators from the mainland and Taiwan in June, and aims to establish a systematic mechanism for enhancing cross-Strait economic cooperation.Wang Jianmin, a researcher of the Institute of Taiwan Studies of the Chinese Academy of Social Sciences, said substantial financial cooperation between the two sides has lagged behind trade cooperation for a long time."The ECFA, however, will have a positive impact," he said.The banking service sectors might be among the first to make breakthroughs in cross-Strait financial cooperation.The mainland-based Bank of China and Bank of Communications applied to the Taiwan economic department on Sept. 7 to set up representative offices in Taiwan.According to the ECFA, mainland banks can set up representative offices in Taiwan upon approval by the Taiwan authority and can then apply to set up a branch bank one year after the establishment of representative offices on the island.

BEIJING, Sept. 3 (Xinhua) -- China and Ukraine have agreed to boost economic and parliamentary cooperation after their leaders met in Beijing.Top Chinese legislator Wu Bangguo and Premier Wen Jiabao met with visiting Ukrainian President Viktor Yanukovych Friday."The pressing task is to identify major projects for cooperation and give full play to business, research and financial institutes," said Wen.Wu Bangguo (R), chairman of the Standing Committee of China's National People's Congress, the country's top legislature, meets with Ukrainian President Viktor Yanukovich (L) in Beijing, capital of China, Sept. 3, 2010."By doing so, we will make headway in economic and technological cooperation and promote economic recovery and sustainable growth," he said.Yanukovych said his country hopes to fully utilize the cooperation committee at the vice-premier level they agreed upon to establish advanced cooperation in various fields.During his meeting with Wu, chairman of the Standing Committee of China's National People's Congress (NPC), Yanukovych discussed parliamentary exchange between the two countries."The documents signed between the two countries, including the joint statement, show the political willingness to boost parliamentary exchange," Yanukovych said.China hopes to enhance communication between parliamentary leaders and committees in legislature, supervision, trade and culture, Wu said.Yanukovych praised China's efforts maintaining reform, development and stability, saying his country looks forward to further discussions with China on governance.Yanukovych arrived in Beijing Thursday for a four-day state visit and has so far witnessed the signing of a joint statement to upgrade friendly cooperative relations in a comprehensive way.According to an agreement signed by the two sides, Chinese companies will undertake the construction of a 950-million-U.S.-dollar city rail line in Kiev, the capital city of Ukraine.Yanukovych will fly to Shanghai Saturday to attend the 2010 World Expo.

BEIJING, Sept. 1 (Xinhua) -- China on Wednesday rejected reports of the presence of over 11,000 Chinese troops in northern Pakistan, saying that such "groundless reports" were made with "ulterior motives.""We believe the attempts of some people to fabricate stories to provoke China-Pakistan or China-India relations are doomed to fail," said Foreign Ministry spokesperson Jiang Yu in a statement.The comment came in response to recent reports of some American and Indian press that China had deployed more than 10,000 troops in the Gilgit-Baltistan region of Pakistan.

ZHENGZHOU, Sept. 20 (Xinhua) -- A senior official of the Communist Party of China (CPC) in charge of culture and publicity has pledged to deepen the nation's reform of its cultural sector over the next five years.More state-owned cultural institutions will be converted into enterprises as the nation builds a competition-based market for cultural products and services, Liu Yunshan, a Secretariat member of the CPC Central Committee and head of the Publicity Department of the CPC Central Committee, said Monday.Liu was speaking at a workshop on a blueprint for the country's cultural reforms and development for the "12th Five-Year Plan" (2011-2015), which was held in Luoyang in central China's Henan Province.In his speech, the official called for the mapping out of the goals and tasks of the country's cultural development in accordance with the requirements of the Scientific Outlook on Development."Cultural restructuring is fundamental for the emancipation of cultural productivity and the realization of cultural prosperity and development," he said.Other speakers at the meeting included Party officials responsible for local publicity work in the provinces of Henan, Hebei, Zhejiang, Jiangxi, Shandong, Guangdong, Yunnan, Shaanxi and Fujian, as well as the autonomous regions of Guangxi and Inner Mongolia.

BEIJING, Sept. 17 (Xinhua) -- Chinese President Hu Jintao's speech on the 30th anniversary of the founding of the Shenzhen special economic zone (SEZ) was published in five ethnic minority languages on Friday.Shenzhen, a southern coastal city neighboring Hong Kong, marked its 30th anniversary as China's first economic reform zone on Sept. 6.At that day's celebratory rally, Hu said the central government would always support the country's special economic zones, embarking on "brave exploration" in their roles as "first movers.""The SEZs will not only continue, but should work better," Hu said.The late Chinese leader Deng Xiaoping first proposed building Shenzhen into a SEZ in the late 1970s.On Aug. 26, 1980, China's top legislature approved the establishment of the Shenzhen SEZ.The speech was published by the Ethnic Publishing House in five minority languages, including Mongolian, Tibetan, Uygur, Kazakstan and Korean.