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BEIJING, Dec. 16 (Xinhua) -- China issued rules for pilot programs of RMB Qualified Foreign Institutional Investors (RQFII) on Friday, formally giving a green light to investment of overseas RMB funds in mainland securities markets.The move is expected to widen the investment channel of overseas RMB funds and add new momentum to the country's bid to make the RMB an international currency.Hong Kong subsidiaries of fund management companies and securities firms can use RMB funds raised in Hong Kong to invest in mainland securities within a permitted quota, according to the rules jointly released by the China Securities Regulatory Commission (CSRC), the People's Bank of China and the State Administration of Foreign Exchange.The total investment quota of RQFII pilot programs is set at around 20 billion yuan (3.15 billion U.S. dollars), according to the rules.To control risks, qualified investors should invest no less than 80 percent of the RMB funds they raised in fixed-income securities, while investment in stocks and equity funds should account for no more than 20 percent.The CSRC will join other related departments to study the possibility of further expanding the trial program after its launch, said a CSRC official who declined to be identified.The launch of the RQFII will open another significant channel for overseas RMB funds to flow back into the country, said the CSRC official.It will also help diversify investment products for overseas RMB funds and facilitate off-shore RMB business, the official said.The RMB is not fully convertible under the capital account but China has stepped up efforts to make the currency more international over the past few years.The government has encouraged the use of the RMB in cross-border trade and investment settlement and approved foreign direct investment in overseas RMB funds obtained overseas.It also allowed Hong Kong to establish an offshore yuan market and has expanded trade settlement agreements and currency swaps to create more channels for the yuan to circulate outside the mainland.

BEIJING, Oct. 25 (Xinhuanet) -- Steve Jobs, Apple's co-founder and former CEO, may be one of the great men who will still be influential after their deaths.The new biography of Steve Jobs is likely to be the top-selling book 2011 of Amazon.com Inc, an online book retailer, according to Amazon spokeswoman Brittany Turner Monday."It could very likely be our top-selling book of the year," Turner said in a statement cited by the Reuters.Steve Jobs, written by Walter Isaacson, former Time magazine managing editor, was landed on shelves in bookstores Monday.But its digital version was reported to be released late on Sunday on Apple's iBooks online store and Amazon's Kindle eBook store.Since its release, the biography, both electronic and physical versions, has performed very well in Amazon.It is the best-selling book on Amazon.com and the top-selling electronic book on the Kindle as well. According to the Reuters, Isaacson was asked by Jobs to consider writing a biography for Apple's former CEO in 2004, when Jobs was going to be operated on for pancreatic cancer.Then Isaacson had more than 40 exclusive interviews with Steve Jobs. The last such interview was on October 5, one week before the giant's death.

SAN FRANCISCO, Nov. 22 (Xinhua) -- Microsoft announced on Tuesday that it has acquired video search engine VideoSurf.In a press release, Microsoft said it will integrate VideoSurf' s technology across its entertainment platform to augment the Xbox 360 ecosystem and evolve search and discovery of entertainment content on Xbox LIVE.Details of the deal were not disclosed. Technology news site TechCrunch cited Israeli business newspaper Calcalist as saying that the company was bought for about 70 million U.S. dollars.The San Mateo, California-based company, founded by four Israelis in 2006, offers a technology that "sees" frames inside videos to make discovering content fast, easy and accurate.Since its founding, VideoSurf has raised 28 million dollars from several sources, including Facebook chief operating officer Sheryl Sandberg and her husband, as well as former U.S. vice president Al Gore.Last month, Microsoft announced that it will bring cable television content to its Xbox video game console over the holiday season, expanding the console into an entertainment hub.The software giant said Tuesday that the latest acquisition will make it easier for world-class video partners to take full advantage of advanced search features.

SAN FRANCISCO, Nov. 14 (Xinhua) -- Apple on Monday released a new version of its media player program iTunes, adding the much- anticipated scan-and-match service for music iTunes Match.The feature, included in iTunes 10.5.1, can scan a user's library to find music and match the content to the music available in iTunes Store. If it finds a match, users don't need to upload the music and can listen to them anywhere, even better-quality versions, on any devices running Apple's iOS operating system. Music that doesn't match is automatically uploaded.With a subscription fee of 24.99 U.S. dollars a year, users can store up to 25,000 of their own songs in Apple's cloud server. The iTunes Match is currently only available in the United States.Subscriptions for iTunes Match are unavailable for a while Monday morning due to excessive demand.The iTunes Match was first introduced in June along with Apple' s iCloud platform, the company's cloud service enabling users to sync their files, apps and content among Apple devices.Unlike Google and Amazon, Apple got the official blessings from all four major music labels, making the company only need to keep one copy of each song in its cloud server, eliminating the uploading work for users and redundancies for servers.When Apple's late co-founder Steve Jobs introduced the feature in his last keynote address in June, he touted the feature as "an industry leading effort," saying that the 24.99-dollar price is cheaper than Amazon's offering and Google has not announced a price yet.The release is also ahead of Google's latest music push. In an email invitation sent out last Friday, the search giant said it will hold an event called "These Go To Eleven" on Wednesday in Los Angeles. Tech news website The Verge reported that it will be the debut of the company's cloud music service Google Music.

NEW YORK, Oct. 14 (Xinhua) -- The iPhone 4S went on sale at Apple store on the Fifth Avenue of Manhattan in New York early Friday.An Apple store worker said people were waiting outside the store around 3 p.m. Thursday and underwent an overnight rain for an early purchase of the smart phone which started sale at 8 a.m. Friday.About 200 people were seen lining up outside the store and some of them said they would like to pay tribute to Steve Jobs, Apple's longtime CEO who died of pancreatic cancer at the age of 56 on Oct. 5."I'm a Steve's fan, iPhone 4S is the best of Steve's work. I am not going to buy iPhone 5,"Jim Bedford, who is in his 30s, said. "Maybe this is my last iPhone," he added.People left a Steve's picture, flowers and apples on the sidewalk to pay respect to Apple's co-founder. Some apples were seen inscribed such words as "Nice job" and "We will always remember you."Tom White, 50, said he had iPhone 1 and 3 and "now is the time to change a new one."The iPhone 4S is operated seven times faster than their predecessor and features an upgraded camera. Apple reported more than 1 million pre-orders for the iPhone 4S, breaking a mark set by last year's model. The phone also went on sale Friday in six other countries -- Britain,Germany,France,Australia, Canada and Japan.

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