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HONG KONG, Aug.12 (Xinhua) -- Hong Kong stocks slipped nearly 190 points Thursday as heavyweight HSBC dropped 1.84 percent.The benchmark Hang Seng Index dropped 188.83 points, or 0.89 percent, to close at 21,105.71 points, after trading between a day high of 21,124.98 points and a day low of 20,926.48 points.Turnover totaled 67.83 billion HK dollars (8.73 billion US dollars), compared with Wednesday's 61.36 billion HK dollars.The H-Share Index dropped 140.61 points, or 1.2 percent, to end at 11,597.02 points.Banking giant HSBC edged down 1.84 percent to close at 80 HK dollars, after a plunge occurred on Wall Street overnight for concerns on global economy.China Mobile, China's dominant mobile carrier, moved up 2.44 percent, to end at 84.1 HK dollars.Major mainland lenders dipped. ICBC, China's largest bank by market value, dropped 1.04 percent to close at 5.69 HK dollars; CCB, the country's second largest lender by market capitalization, edged down 0.61 percent to close at 6.5 HK dollars; BOC, one of the "big four?", edged down 1.23 percent to 4.02 HK dollars.China Life, one of the world's largest life insurers by market value, dipped 0.74 percent to end at 33.6 HK dollars.Major oil producers on Chinese mainland also declined, with PetroChina, the country's largest oil and gas producer and Sinopec, China's top refiner, down 1.37 percent and 0.65 percent respectively.Bank of Asia, one of the largest local bank in Hong Kong, reported its half-year result by midday, with net profit up over 70 percent, much higher than market's expectation. The company's shares surged 2.61 percent to end at 31.5 HK dollars.

BEIJING, Aug. 14 (Xinhua) -- Chinese Vice Premier Li Keqiang has called for the deepening of cooperation with other developing countries, and achieving mutual benefits with the countries aided by China.Li made these remarks during a recent visit to an exhibition that showcases the country's international aid effort in areas such as infrastructure, agriculture, medical treatment, industrial development, environmental protection, culture and education.This year marks the 60th anniversary of the country's international aid."As a developing country, China, while devoted to its own development, has been providing aid as best as it could for other countries in economic difficulties," Li said.He added that the policy must be continued and improved because there is an increasing imbalance in the economic development among different regions in the world."All aid workers have made noble contributions to our country's international aid cause, and some of them even sacrificed their lives. People will never forget them," Li said.The exhibition on Aug. 12-16 in Beijing has been jointly held by 28 ministries and organizations, including the ministries of commerce, foreign affairs and finance.

BEIJING, June 23 (Xinhua) -- Chinese banks should set up an independent risk management system in line with its strategic expansion plan as part of efforts to ward off financial risks, China's banking regulator said Wednesday.The breakout of the global financial crisis highlighted the necessity of increasing management of differentiated sovereign risks, the China Banking Regulatory Commission said in a guideline published on its website.Just as Chinese banks were expanding throughout the world, the overseas risks they were facing were on the rise, the guideline noted.Sovereign risks refer to ones that banks are exposed to when overseas borrowers or debtors are unable to repay debt because of their countries' economic, political and social changes.Chinese lenders were required to differentiate risks according to the countries involved and make policies on the minimum potential loan loss provisions ranging from 0.5 percent to 50 percent, according to the guideline.The banks must meet the requirements under the guideline by June 1, 2011.

BEIJING, July 4 (Xinhua) -- China's weather forecast authorities on Sunday said the heat that had been bearing down on many parts of the country would continue for a few more days.Sweltering weather, with temperatures over 35 degrees Celsius, could be expected in at least 13 provinces and regions across China, the National Meteorological Center said.In Beijing, the local meteorological bureau upgraded the heat alert on Sunday from blue to yellow, two steps below the top alert. It said the maximum temperature on Monday might shoot up to 37 degrees.Sunday's temperatures did not exceed 36.8 degrees, but residents in the capital were already complaining.A girl plays at a fountain in Shenyang, capital of northeast China's Liaoning Province, on July 3, 2010. Hot weather swept most regions in northern, central and southern China these days, with temperature of some regions soaring to 39 degrees celsius."Since last Friday, it has been extremely hot outside from 8 o'clock in the morning to 10 o'clock in the evening. I have to turn on the air-conditioning at home all the time," said a Beijing resident surnamed Zhao.High temperatures were also reported in several provinces on Sunday. In eastern Zhejiang Province, temperatures in eight counties and cities reached 39 degrees.In Changchun, capital of northern Jilin Province, thousands of residents chose to spend their weekends in the city's libraries to dodge the heat.Meanwhile, the sales of air-conditioners became hot items in the northern Inner Mongolia Autonomous Region.

CANBERRA, June 22 (Xinhua) -- Chinese Vice President Xi Jinping met here on Tuesday with Australian Governor-General Quentin Bryce.During the talks, Xi said he had exchanged views with a wide range of leaders and entrepreneurs in Australia during his trip, reaching comprehensive consensus on deepening cooperation on politics, trade, science and technology, education and tourism.Earlier this month, Bryce herself had paid a visit to China, attending the ceremony of "Australian Pavilion Day" at the Shanghai Expo and hosting the opening ceremony for "Australian Culture Year."Xi praised that such moves showed that the Governor-General attaches great importance to developing relations with China.Chinese Vice President Xi Jinping (L) meets with Australian Governor-General Quentin Bryce in Canberra, Australia, June 22, 2010.Xi said both China and Australia are two important nations in the Asia-Pacific region, and both share common interests in safeguarding the peace and stability in the region and pushing forward the regional and global economic growth.The vice president said the Chinese government is willing to join hands with Australia to enhance dialogue, expand consensus, increase mutual trust and explore cooperation, so as to achieve more progress in developing bilateral relations and bring more blessing to people in two countries.Bryce said Xi's current visit has conveyed important signal that Chinese people attach importance to the relations with Australia, demonstrated the depth of the bilateral relations and set the direction for future efforts.Earlier on Monday, Xi and Australian Prime Minister met business leaders from China and Australia who attended a CEO roundtable meeting in Canberra.Later on Tuesday afternoon, Xi and the Chinese delegation flew from Canberra to Darwin, the last leg of his Australian trip.