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BEIJING -- China will strengthen anti-money laundering checks and monitoring at the securities and insurance companies to safeguard financial security, Central Bank Governor Zhou Xiaochuan said Friday.China's anti-money laundering efforts were in the initial stage and needed further improvement, Zhou told the fourth trans-ministerial meeting on anti-money laundering in Beijing.The government would work to amend the Criminal Law to improve the efficiency of anti-money laundering investigations, indictments and trials, he said.The government planned to clamp down on the money laundering and money-raising activities by terrorists at the non-financial sectors, including property, lottery and law offices.The People's Bank of China (PBOC) would set up an with the Customs Offices and put in place a declaration system for unregistered marketable securities on arrivals and departures, said Zhou.China was also committed to strengthening cooperation with the overseas financial intelligence centers and improving the mechanism to prevent and crack down on the illegal transnational fund flows, he added.

All provincial and municipal authorities must act on findings of investigations of serious workplace accidents occurred since 2005, the State Council's work safety committee office ordered Monday.A check on the local investigations and whether the parties responsible were accordingly dealt with "must be instantly organized" and reported to the office by work safety departments before January 15, said the document, released on the State Administration of Work Safety (SAWS) website at www.chinasafety.gov.cn.Such reports should include the latest updates on every investigation, whether each case was closed within a reasonable time, and reports on the financial, Party, administrative as well as legal punishments of all the parties involved, the document stated.These will act as a direct response to the tardy progress seen in the investigations of accidents in some areas, the document stated.Nepotism at the local government level has hindered bringing "people responsible for workplace accidents to justice", SAWS director Li Yizhong had earlier said.For example, five people found responsible for a coal mine blast that killed 171 in Heilongjiang Province in November 2005 were jailed only last Saturday. The men were reportedly detained by local police in December 2005 but were released on bail nine months later.The five were arrested again last month, after Li visited the site of the accident and learnt of the case's progress.A notorious and unauthorized coal mine in Chenzhou, Hunan Province, has been making the headlines for its harsh treatment of workers and attempts to cover up accidents. But the mine's chief, Huang Shengfu, reportedly managed to stay in the clear and bought himself out of any legal liability, reported the Oriental Outlook magazine.Eight respective probes into the mine by the central and provincial disciplinary committees as of last month all returned no clear results, the document stated.SAWS said on Sunday that there were about 457,000 workplace accidents reported from January to November this year, representing a decrease of 22.4 percent year-on-year. The number of accident deaths also dropped to 88,923, a year-on-year decrease of 14 percent.During the past 11 months, a total of 83 serious accidents, each of which 10 or more people were killed, claimed a total of 1,380 lives, SAWS reported.

New statistics showing a continuous rise in house prices fly in the face of numerous media reports that domestic property prices have already started to decline in some cities.Policymakers should step up efforts to curb surging house prices now to avoid a later rush for homes in fear of further price hikes.Housing prices in 70 large- and medium-sized cities rose 10.5 percent year-on-year in November. The rise, 1 percentage point higher than that of October, hit a new high, undermining the government's efforts to stabilize house prices.As part of its macroeconomic controls to cool economic growth that is bordering on overheating, the government has introduced a host of tightening measures to rein in soaring house prices.For instance, the banking authorities recently made a strict definition of "second home" according to the property owned by the families of mortgage applicants rather than just the applicant.The rule will deal a heavy blow to speculative homebuyers as they will have to make a higher down payment and cannot enjoy preferential interest rates. In some cities, it was such speculative house purchases that considerably fuelled runaway property price hikes.Besides, the government also decided to adopt a tight monetary policy to check credit growth. In the absence of easy access to bank loans, it is believed that some developers may cut prices to promote sales due to liquidity concerns instead of hoarding houses for fatter profits.Under such circumstances, media reports from across show the country that house sales are shrinking and prices are plunging in cities that once boasted jaw-dropping amounts.It is surely not difficult for these reports to find an audience. Rocketing house prices in recent years have made home ownership a heavier than ever burden for most potential buyers.However, the latest house price data has proved it is only too premature to conclude that the property market has reached a turning point. The November figure indicates that the momentum of property price hikes in major cities remains strong.Only when the government substantially increases the supply of affordable homes for low-income groups and provides more land lots for development can the imbalance of demand and supply in the property market be addressed.

The Ministry of Agriculture on Monday confirmed a bird flu outbreak in South China's Guangzhou, which began with the mass deaths of ducks on September 5.The outbreak was confirmed as a sub-type of H5N1 bird flu by the National Avian Influenza Reference Laboratory, according to the ministry.It said 36,130 ducks had been culled as of September 17, after farmers in Sixian Village and Xinzao Township in the Panyu district of Guangzhou reported the deaths of their ducks on September 5.The agriculture ministry and the Guangdong provincial government immediately implemented an emergency plan to deal with the outbreak and the ministry said the outbreak has been brought under control.It also said no further deaths of fowl have been reported in the Panyu district or nearby areas.The last reported case of H5N1 bird flu in China occurred on May 19 at Shijiping Village in Yiyang City of Hunan Province, which killed more than 11,000 poultry with another 52,800 birds culled.China has reported a total of 25 human cases of bird flu since 2003, which have resulted in 16 deaths.

BEIJING -- China will continue to spend more on education next year and spread the free nine-year compulsory education to urban children, said finance minister Xie Xuren.The government would continue to improve the funding system to guarantee free nine-year compulsory education currently enjoyed by 150 million rural children, while spreading it to their urban counterparts next year, Xie told an annual conference of the Ministry of Finance in BeijingStarting from the spring term, China would increase the funding for free textbooks used for the national compulsory courses, and the local governments would provide more money for free textbooks for local compulsory courses, he said. Local governments would also provide scholarships to cover the living costs of boarding students from poor families. The central government would provide half of the education funding for areas in Central and West China, while provincial governments in those areas would cover the rest of the costs.Local governments in East China would provide all education fees with some supplementary funding from the central government.Xie said the government would issue new standards for per capita expenditure of students in primary and middle schools, and put those standards into effect within the next two years.He said the allowance for maintenance and refurbishing of rural schools in Central and West China would also be raised with special financial support to high-altitude and cold areas.In addition, the government would continue free education for students taking courses for teaching careers at normal schools and provide scholarships for poor undergraduates and students at vocational schools.According to Xie, the first 11 months saw  557.8 billion yuan (about 74.3 billion US dollars) of fiscal expenditure used for education, up 32.7 percent compared with the same period last year.As a result of the implementation of scholarships for the poor, about four million college students and 16 million secondary vocational school students had benefited.