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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.

OTTAWA, June 25 (Xinhua) -- Visiting Chinese President Hu Jintao said on Friday that inter-parliamentary exchanges are an integral part of China-Canada relations and of great significance for enhancing mutual understanding and public endorsement of bilateral links.Hu made the remarks when meeting Noel Kinsella, speaker of the Canadian Senate, and Peter Milliken, speaker of the House of Commons.Over the years, said Hu, the National People's Congress (NPC), China's legislature, has maintained a sound relationship of cooperation and friendly exchanges with both chambers of the Canadian parliament.Chinese President Hu Jintao (C) meets with Canadian Senate Speaker Noel A. Kinsella (L) and Speaker of the House of Commons Peter Milliken in Ottawa June 25, 2010.Exchanges between the legislatures of the two countries have become increasingly vigorous with a mature mechanism and have seen many significant achievements. Such activities have played an important role in advancing bilateral relations, Hu added.The Chinese president expressed the hope that the two sides will continue to make good use of the important platform to further advance exchanges on legislation and regulation so as to promote the friendship between the two peoples and the relationship between the two countries.Over the past four decades, China-Canada relations have always moved forward despite changes in the international situation, and the two countries have conducted frequent contacts at various levels and achieved remarkable results in bilateral cooperation, Hu noted.

CHANGSHA, June 23 (Xinhua) -- Six men were trapped underground after being overwhelmed by a coal gas leak in central China' s Hunan Province Wednesday. Three of the men remain missing, a government spokesman said.Rescuers have confirmed that three of the trapped miners are alive as rescue crews had contacted them with underground communication systems, according to a spokesman from Jiahe County Government.h The trapped workers were gas inspectors and repairmen, the spokesman said.The accident took plane at noon Wednesday in a 30-meter-deep shaft at the Tianxin Mining Company located in Jiahe County of Hunan Province, which is a legal mining company owned by the local township.A tunnel to reach the trapped men has been completed and the rescue work is continuing.The cause of the accident is under investigation.

BEIJING, Aug. 5 (Xinhua) - China's banking regulator on late Thursday said the hypothetical situations in the risk tests of banks, such as a possible slump in property prices, does neither indicate the regulator's judgment on the property market nor possible changes in government property policies.The China Banking Regulatory Commission (CBRC) reaffirmed in an online statement that it allows banks in regions with soaring property prices to suspend loans for third homes according to their assessment on credit risks.The CBRC also said the down payment and the lending rate for third homes mortgage loans should be raised, but the specific amount should be determined by banks.The declaration was made in response to domestic reports that the CBRC had ordered banks in Beijing, Shanghai, Shenzhen, and Hangzhou to stop issuing loans to third home buyers.According to Bloomberg's Thursday report, the banking regulator had told lenders to include worst-case scenarios of prices dropping 50 to 60 per cent in cities where they have risen excessively, which signaled that the government might be growing more concerned about the health of the real estate market.

BEIJING, July 20 (Xinhua) -- Senior Chinese official Li Changchun on Tuesday called for stepped-up efforts to push forward China's cultural development and prosperity here in Beijing.Li, a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, made the remarks while visiting an exhibition held in honor of deceased Chinese painter Wu Guanzhong.Wu is widely recognized as the father of modern Chinese painting. He died on June 25 at age 91.Li Changchun (R, front), a member of the Standing Committee of the Political Bureau of the Central Committee of the Communist Party of China, visits a special exhibition to commemorate late Chinese artist Wu Guanzhong at the National Art Museum of China in Beijing, July 20, 2010. Wu, a master of Chinese painting, passed away in Beijing at the age of 91 on June 25.Commending Wu for his great contributions to China's cultural, artistic and educational development, Li Changchun called on artists across the country to bear in mind their social responsibilities, hone their artistic skills, and create excellence in art.He also urged CPC and government departments at all levels to assure preferential policies are in place to support artists while nurturing high-quality talents in order to fully mobilize artistic workers and create a favorable environment for the country's artistic development.