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BEIJING, July 7 (Xinhua) -- Agricultural Bank of China (ABC), the last of the country's largest four banks to go public, announced Wednesday that it has set its A-share initial public offering (IPO) price at 2.68 yuan per share, hitting the high end of its IPO price range.The pricing of the shares means the bank could raise up to 10.12 billion U.S. dollars via the Shanghai portion of the IPO, as a greenshoe option has been exercised to expand the deal by 15 percent to 25.57 billion shares, ABC said in a statement filed with the Shanghai Stock Exchange.ABC plans a dual listing in Shanghai and Hong Kong in mid-July to replenish its capital base after a lending spree last year.It has yet to set the final IPO price for its Hong Kong portion, where it plans to sell 25.41 billion shares, excluding an over-allotment option.ABC set the price range for the Hong Kong portion at 2.88 to 3.48 HK dollars in late June.

BEIJING, June 10 (Xinhua) -- A solution that satisfies all parties' concerns through dialogue and negotiation is the right course for the settlement of the Iranian nuclear issue, said Chinese Foreign Ministry spokesman Qin Gang early Thursday morning.Qin made the remarks when commenting on a new UN resolution on the Iranian nuclear issue, which prohibits Iran from investing abroad in nuclear and enrichment operations and imposes binding new restrictions on Iran's import of conventional arms.The resolution was the fourth set of UN sanctions against Iran since December 2006, with 12 votes in favor. Brazil and Turkey, two non-permanent members of the Security Council, voted against the draft resolution while Lebanon, another non-permanent member, abstained."China always holds it is the right way to address the Iranian nuclear issue through dialogue, negotiation and other diplomatic means to seek a solution that satisfies the concerns of all parties", said Qin.China's consideration in addressing the issue is to maintain the validity of the international nuclear non-proliferation mechanism and safeguard peace and stability in the Middle East, Qin said, adding China supports the dual-track strategy for resolving the issue.

BEIJING, Aug. 8 (Xinhua) -- The Ministry of Public Security Sunday launched an emergency response to organize rescue work for landslide-hit Zhouqu County, Gannan Tibetan Autonomous Prefecture in northwestern Gansu Province.The ministry has organized about 1,000 fire fighters and special police in nearby areas to head for the affected region, according to a statement on the ministry's website.As the roads had been hit by the landslides, the police rescuers were heading towards the affected areas on motorbikes, according to the statement. Photo taken by mobile phone shows rescuers searching for missing personnel in Zhouqu County, Gannan Tibetan Autonomous Prefecture in northwest China's Gansu Province, Aug. 8, 2010. At least 96 people have been confirmed dead in landslides triggered by torrential rains in Zhouqu County.Police rescuers from Mianyang in Sichuan Province were 130 km away from Zhouqu and those from Tibetan Autonomous Prefecture of Aba in Sichuan were 70 km away at Sunday noon, according to the statement.Strong rainfalls triggered landslides and mud-rock flows in Zhouqu early Sunday morning, blocking a river which then formed a barrier lake and cutting off power, roads and communication.The disaster has left at least 96 people dead and some 2,000 others missing, according to statistics from local government.

UNITED NATIONS, Aug. 25 (Xinhua) -- China on Wednesday voiced its support to the efforts to counter Somali piracy in accordance with the international law and the relevant Security Council resolutions.The statement came as Li Baodong, the Chinese permanent representative to the United Nations, was taking the floor at an open Security Council meeting on piracy off the Somali coast. The 15-nation Council began the meeting on Wednesday morning to discuss a report by UN Secretary-General Ban Ki-moon on how to prosecute and imprison Somali pirates."China supports the activities carried out to combat Somali piracy in accordance with the international law and the resolutions of the Security Council," Li said. "At present, naval operations of the countries concerned to combat piracy and to protect navigation have played a very positive role in safeguarding the safety of international navigation.""At the same time, the issue of how to prosecute the pirates caught has come to the fore," he said. "China supports strengthening international cooperation in prosecuting the Somali pirates under the framework of the existing international law, and appreciates the work carried out by the countries concerned, particularly coastal states.""We also call upon international community to provide the necessary support to the coastal states to enhance their legal capacity, and China welcomes their report in this regard and will join others to further study the legal framework," he said."Recently, although pirate attacks off the coast of Somalia have continued, threatening the safety of international navigation, their success rate has started to decline, reflecting the initial success of counter-piracy international cooperation," he said."However, at the same time, the root causes that give rise to the piracy off the coast of Somalia have not been eradicated, and these pirates remain and their behavior is starting to change with elaborate organization and more covert methods of attack, and they have expanded their scope of operations into the Indian Ocean," he said. "This has shown that the task for combating piracy is still very arduous, and it calls for further comprehensive efforts by the international community so as to eradicate the Somali piracy both from its phenomenon and root cause."

BEIJING, Aug. 3 (Xinhua) -- China has scrapped tariffs and value-added taxes on core equipment, components, and raw materials imported and used in civilian high-tech projects since July 15, according to a circular of the Ministry of Finance and other departments.The move seeks to encourage research and development in the nation' s major strategic products, core technologies and major projects, said the circular.Custome officers are checking imported goods in a bonded warehouse.The projects that have been exempted from taxation include core electronics, high-end universal chips, basic software, integrated circuit-manufacturing equipment, new generation wireless mobile communication networks, and new drugs for prevention and treatment of some infectious diseases such as AIDS and hepatitis.