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HONG KONG, Aug. 22 (Xinhua) -- China Construction Bank (CCB), the country's second largest bank, said Sunday its net profit in the first half of this year jumped 27 percent to reach 70.78 billion yuan (10.4 billion U.S. dollars) from a year earlier and its non-performing loan (NPL) ratio dropped to 1.22 percent.In a filing to the Hong Kong stock exchange, CCB said its profit before tax amounted to 92.19 billion yuan, up 27.2 percent year on year.RAPID GROWTH IN H1Key contributors to the rapid year-on-year growth of net profit were increased credit supply, service and product innovation, and decreased impairment losses, according to the statement.Regarding credit supply, the bank said its average balance of interest-bearing assets rose by 18.26 percent in the first half, prompting net interest income to surge by 15.33 billion yuan, or 15 percent.On service and product innovation, CCB said net fee and commission income rose by 10.22 billion yuan, or 43.63 percent year on year, as a result of sustained rapid expansion of fee-based business.The Beijing-based lender also said its impairment losses fell by 2.995 billion yuan, or 23.36 percent, due to price rally in foreign currency debt securities with the improving market.CCB President Zhang Jianguo said in the statement that there were signs of recovery in developed economies and robust growth of emerging economies against the backdrop of a gradually warming-up global economy in the first half.China has sustained rapid economic growth, thanks to the government's ongoing stimulation of domestic demand, he said. Foreign trade has gradually improved, while investment and consumption spending have continued to expand at a fast pace, and China's overall financial market performed steadily in the first half.Amid the European sovereign debt crisis and the Chinese government's macro-control policies in the property sector, domestic capital and property markets have undergone noticeable adjustments and are experiencing increasing uncertainties about the future market direction, he said.According to the statement, CCB's net interest income was 117.8 billion yuan, an increase of 15.33 billion, or 14.96 percent year on year.But compared to the same period of 2009, CCB's net interest spread for the first half of this year had dropped by two basis points to 2.32 percent, largely because the yield of interest- bearing assets decreased more than the cost of interest-bearing liabilities, it said.In the first half, CCB's interest income surged by 11.22 billion yuan, or 6.66 percent year on year to 179.65 billion yuan. While the interest expense was 61.85 billion yuan, a year-on-year decrease of 4.12 billion yuan, or 6.24 percent.The bank said its credit asset quality had steadily improved, with non-performing loans standing at 65.17 billion yuan by the end of June this year, a decrease of nearly 7 billion yuan over the end of 2009.

BEIJING, Aug. 4 (Xinhua) -- China's foreign exchange regulator Wednesday pledged to continue efforts to manage illegal capital inflows in the second half of the year.In a statement on its website, the State Administration of Foreign Exchange (SAFE) said it had investigated up to 3.5 million cases of international trade transactions, involving a total of 440 billion U.S. dollars, during its hot money monitoring campaign, which began in February.The statement said it had identified 197 cases of illegal capital inflow, but it gave no exact sum for the cases.SAFE said earlier last month that its investigations had found 190 cases, involving 7.35 billion U.S. dollars, of hot money inflows.Capital flows into and out of China for purposes other than import and export payments are strictly controlled by SAFE, which manages the country's 2.45 trillion U.S. dollars in foreign exchange reserves.The statement also said it would introduce new foreign exchange instruments to meet domestic market demand and support China's currency reforms.China's central bank announced on June 19 that it would further the reform of the formation mechanism of the yuan exchange rate to improve its flexibility.The hot money campaign was launched amid concerns that speculators were betting on an appreciation of the Chinese currency and rising asset prices.

TANGSHAN, Hebei, July 28 (Xinhua) -- Tangshan, a Chinese city that lost 240,000 lives to a devastating earthquake 34 years ago, relived the pain and sorrow once again Wednesday on another anniversary.Not only Tangshan, the whole nation's memories of the catastrophe also came alive again as a film about the earthquake, "Aftershock", hit the big screen across the country.A 7.8-magnitude earthquake struck the industrial city in north China on July 28, 1976, which was believed to be one of the deadliest natural disasters of the 20th century.Thirty-four years later, exactly on the very same day of the quake, Wu Ze, 46, came to a black marble wall that bears the names of all victims of the earthquake, including her sister's."I was 12 and my sister was 16 (when the quake struck). She was the smartest kid in the family and the best in her class. She was just gone overnight, " Wu said, unable to stop weeping."Every year on July 28, I come here for her," she said.The Tangshan government built the 300-meter-long wall, widely known as the Chinese "wailing wall", two years ago for the public to mourn those they had lost, as most of the dead were hastily buried in mass graves.The Tangshan Earthquake Memorial Park, where the "wailing wall" is located, saw its busiest day of the year Wednesday as people streamed in to mourn for their beloved ones.An earthquake museum in the park also opened to the public Wednesday.Covering an area of 12,000 square meters, the museum displays more than 400 photographs and 600 pieces of articles about the 1976 earthquake.

BEIJING, June 9 (Xinhua) -- Chinese police will begin a special four-month campaign to crack down on the production and use of counterfeit automobile license plates on Thursday.Police around the country will target trade in fake license plates, registration papers and other license plate-related crime, the Ministry of Public Security said Wednesday in a statement on its website.Violators sometimes forge license plates for military and government vehicles to enjoy privileges like free expressway charges.Some drivers use stickers to cover their license plates to cheat police.The campaign will begin June 10 and finish Oct. 10.Police carried out similar campaigns during the 2008 Beijing Olympic Games and the National Day holidays in 2009 to create better traffic conditions.Statistics with the ministry show police nationwide seized about 267,000 counterfeit license plates in the 2008 campaign and 183,000 fake plates in the 2009 campaign.

BEIJING, July 27 (Xinhua) -- Senior Chinese official Li Changchun called for stepped-up efforts to reform the countries cultural sector at a meeting held recently and joined by publicity and culture chiefs from China's central government.Li also urged more progress to be made in the development and prosperity of China's cultural industries.Li, a Standing Committee member of the Political Bureau of the Communist Party of China (CPC) Central Committee, presided over the meeting. State Councilor Liu Yandong and Liu Yunshan, head of the Publicity Department of the CPC Central Committee, attended the meeting.

来源：资阳报