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BEIJING, April 5 (Xinhua) -- China will strengthen oversight of listed securities companies by promoting information transparency.     On Saturday, China Securities Regulatory Commission (CSRC) introduced a regulation which said securities companies should remind investors about potential risks when shareholders decide to launch a new business or introduce an innovative business.     The annual report and half-year report by listed securities companies should include risk assessment conditions, as well as reasons for risk and probable effects. Photo taken on April 1, 2009 shows a woman smiles before a stock price electronic board in Beijing. China's benchmark composite stock index on the Shanghai Stock Exchange closed at 2408 points on Tuesday    In addition to the annual operation report, companies were asked to deliver a supervision and monitoring annual report which includes audit and accounting information.     If a company or high-rank official is involved with serious illegal activity, and that results in worsening financial condition, the company should inform all shareholders.     The CSRC said the regulation, which was made on the basis of the Securities Law, took effect April 3.

BEIJING, Feb. 4 (Xinhua) -- Chinese Vice President Xi Jinping has called for offices at all levels responsible for the research of the history of Communist Party of China (CPC) to play a more important role in improving the Party's ruling abilities.     Xi, also a member of the Standing Committee of the Political Bureau of the CPC Central Committee, made the remark at a meeting attended by officials in charge of the Party history research offices at the provincial level on Wednesday.     Xi urged the Party committees to provide financial and human resource support for those offices and encouraged Party history researchers to play stronger role in education among the Party members.     The Vice President said Party history research organs should take the opportunity in the year of 2009 when the People's Republic of China celebrates the 60th anniversary of founding.     Xi stressed that the offices should promote the Party's ruling abilities and solidify the CPC's status as the governing party.

WUXI, Jiangsu, March 28 (Xinhua) -- China's top political advisor has urged the country to press forward the government's stimulus plans and spare no efforts to achieve the 2009 economic and social development targets.     All sides in China should combine their strength to boost growth, guarantee people's well being and maintain social stability amid the downturn, said Jia Qinglin, chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), during a research tour to Wuxi city of eastern China's Jiangsu Province over the weekend.     China aims at an annual economic growth of about 8 percent this year after the global financial crisis slowed the 2008 growth to a seven-year low of 9 percent. Jia Qinglin (C front), member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee and chairman of the National Committee of the Chinese People's Political Consultative Conference, investigates Hynix-Numonyx Semiconductor Ltd. in Wuxi, east China's Jiangsu Province, March 28, 2009. Jia Qinglin, together with Chinese Vice Premier Hui Liangyu, who is also a member of the Political Bureau of CPC Central Committee, made an investigation tour in Wuxi from March 27 through 28    Jia reaffirmed that the fundamentals of China's economy and its long-term upward direction has not changed, though 2009 will be "the most difficult year" for the country's economy since the beginning of the 21st century.     He told local authorities and entrepreneurs to vigorously develop advanced manufacturing, modern service sector and high-tech industries.     Measures should be taken to speed up industrial upgrading, explore international markets and introduce more overseas high-level talents, said Jia.     He underscored the urgency of creating more jobs and improving social welfare. He also called for more government investment to rural areas to support agriculture and raise farmers' income. Jia Qinglin (2nd L, front), member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee and chairman of the National Committee of the Chinese People's Political Consultative Conference, investigates the Yangshan peach orchard in Wuxi, east China's Jiangsu Province, March 28, 2009

BEIJING, Feb. 28 (Xinhua) -- The global financial crisis has not yet hit bottom and its impact is still spreading, said Chinese Premier Wen Jiabao during his first-ever online chat Saturday.     He also promised that China is "ready to take firmer and stronger actions whenever necessary." The major impact of the crisis is on the country's real economy instead of its financial sector, which after more than 10 years of reform, is relatively stable and healthy and capable of withstanding the crisis, he said.     Wen said China's east coastal areas were hit hard, where the economy is more export-dependent and labor intensive. The decline of international market demands also caused the unemployment of a great number of migrant workers. Chinese Premier Wen Jiabao prepares to chat with Internet surfers on two state news portals in Beijing, China, Feb. 28, 2009    China's gross domestic product (GDP) grew 9 percent year-on-year last year, the lowest since 2001, when an annual rate of 8.3 percent was recorded.     To cushion the blow of the international financial crisis, Wen said China announced a package of stimulus plans covering four aspects.     The first is the announcement a 4-trillion-yuan (588 billion U.S. dollars) economic stimulus and tax cuts. The second involves revitalizing ten key industries. The third is technical upgrading. The fourth is the building of a comprehensive social security network.     INITIAL RESULTS, BUT TEMPORARY     Wen said "the stimulus measures have shown initial effects and produced good results in certain areas and fields."     For example, the country has seen consecutive growth in credit supply, with new loans standing around 440 billion yuan in November, 770 billion yuan in December and 1.63 trillion yuan in January, Wen said.     He also cited figures on stronger retail sales and the rebound of power generation and use.     Consumption rose 18 percent year-on-year in January, while power generation in the Feb. 11-20 period increased 15 percent year-on-year, or up 13.2 percent from the first ten days of this month, he said.     "Some key indicators showed the economic situation has somewhat turned better," he said. "But those were just temporary indices and couldn't be fully compared with the past figures."     Wen said one indicator he valued most was power generation. "Starting from mid February, power generation and consumption have both resumed growth," he said.     "We must fully realize we are facing a long-term and arduous task," he added.     "We must strengthen confidence in the face of the crisis and be ready to take firmer and stronger actions when necessary."     CONCERNS ON EMPLOYMENT, INCOME GAP AND PROPERTY     Wen said migrant workers had been hit the hardest during the financial crisis.     About 20 million migrant workers in China had returned to the countryside from cities without jobs, said Chen Xiwen, director of the office of the central leading group on rural work, early this month.     Other government officials estimated the number at 12 million. Wen acknowledged the accurate number is yet to be counted.     He said migrant workers did not complain about the government and quietly returned to their hometowns, "some engaging in farming again, others still seeking jobs."     "I want to take the opportunity to extend my gratitude to our migrant workers," he said, adding they had made great contributions to the nation.     The government should encourage them to start their own business by offering tax stimulus and training opportunities, said Wen.     He also expressed deep concerns over the employment issue of college students and jobless urban families.     "Employment is not only related to one's livelihood but also one's dignity," said Wen.     China's State Council, or the cabinet, issued a notice on Feb. 10 urging governments at all levels to make every possible effort to expand employment.     When answering netizens' concerns over income discrepancies, Wen said narrowing the rich-poor gap could not be achieved "in a static state" and should be conducted alongside with economic development.     He acknowledged that China's social and economic development does have the problem of "imbalanced, discordant and unsustainable" growth.     The major problem is the imbalance between different regions, between the urban and rural areas and income imbalance, he said.     Meanwhile, Wen said he still has confidence in China's economy and the development of Chinese enterprises.     In a reply to complaints over the slumping stock market, he said he is confident about the capital market as its performance is decided by economic fundamentals and company profitability.     The government has the responsibility to establish an open, fair and transparent market environment and resolutely fight against illegal acts such as manipulating the market, he said.     Housing prices were among the most frequently asked questions raised by netizens during the chat. In response, Wen said he hopes to see a stable and healthy development of the country's real estate sector in the face of the global financial crisis.     China should strengthen management and regulation to keep housing prices and the scale of property construction "at a reasonable level", said Wen.     Housing prices have long been under fire in China, as consumers complain houses in large cities are too expensive to afford, giving developers unfair huge profits.     Wen said the government highly values the property industry as it concerns the life of ordinary people and directly affects the national economy.     The government has urged for stronger confidence in the real estate market while pledging more money and energy to meet the needs of low-income families, he said.     The government fund must be used properly to ensure house construction is economical, safe and of good quality, said Wen. He also noted the construction should save land and suit people's needs.     "Auditing and supervision should go along with all property projects," said Wen. "Problems must be dealt with whenever they emerge."     Property prices in 70 major Chinese cities fell 0.9 percent in January from a year earlier, a faster fall than the previous month.     In December, the figure saw the first year-on-year drop since the government started to release it in 2005.

SHENZHEN, Feb. 7 (Xinhua) -- China started construction of the eastern segment of the country's second West-East natural gas pipeline in Shenzhen City, Guangdong Province on Saturday.     Chinese Vice Premier Li Keqiang attended the kick-off ceremony announced the start of the construction.     The pipeline, the second after the first West-East natural gas transfer project, will cross 15 regions and carry 30 billion cubic meters of natural gas every year to Zhejiang, Shanghai, Guangdong and Hong Kong, among others.     When visiting the construction site, Li said the pipeline under construction is the country's most expensive energy project in decades and the world's longest natural gas pipeline. It is of great importance to ensuring China's energy security, coordinating regional economic development, deepening the ties between Hong Kong and inland provinces and promoting economic growth.     The 8,704 km pipeline will be made up of one trunk line and eight sub-lines. Construction of the west segment of the pipeline was started in February 2008 and is expected to be completed by the end of the year. The whole line will be operational by the end of 2011.     As China battles the financial crisis and expands its domestic demand, the second West-East gas pipeline project is a landmark project that will boost people's confidence to overcome the crisis, said an official with the National Development and Reform Commission.     The total investment of the second West-East gas pipeline was 142.2 billion yuan (20.82 billion U.S. dollars). The eastern segment stretches 2,472 km, with an investment of 93 billion yuan.     The government approved the east segment project during an executive meeting of the State Council or the Cabinet last November, in a hope to ease natural gas shortage, boost economic development and popularize utilization of clear energy.     Zhou Dadi, a researcher with the Energy Research Institute of National Development and Reform Commission said the construction of the gas pipe is essential for China to increase gas resources and ensure energy security.     It is hoped that construction will boost consumption and increase investment amid a world economic downturn, Zhou added.     It is estimated that investment will top 300 billion yuan in other relevant industries, including machinery production, electric technology, and construction material sectors.     Dong Xiucheng, professor with China University of Petroleum said this project will help China increase clean energy consumption.     In China, coal makes up 70 percent of the total energy consumption, 40 percentage points higher than the world average. Natural gas consumption only accounts for three percent of the total.     The completion of the second pipeline is expected to save 11.06million tonnes of coal every year.     The first West-East gas pipeline was finished in 2004. It has provided 42 billion cubic meters of gas to 3,000 factories and nearly 200 million people over the past five years     Wang Yang, secretary of the Guangdong Provincial Committee of the Communist Party of China, and Donald Tsang, chief executive of the Hong Kong Special Administrative Region, also attended Saturday's ceremony.