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BEIJING, Jan. 23 (Xinhua) -- The Bank of China (BOC) board has agreed to sell up to 40 billion yuan (5.86 billion U.S. dollars) of bonds convertible to A shares to improve capital adequacy.The proposal will be turned into the first temporary shareholders' meeting in 2010, which will be held on March 19, for approval.Excluding issuance costs, the proceeds from the issuance of the six-year convertible bonds will be used to replenish the bank's capital base and working capital and to lift its capital adequacy ratio, according to the BOC, the third largest lender by market value in China.The BOC has been implementing positive financial policies and relatively loose monetary policies since 2009.The BOC capital adequacy ratio stood at 11.63 percent and the core capital adequacy ratio at 9.37 percent by the end of September 2009.

BEIJING, Feb. 10 (Xinhua) -- China's top legislature will convene its bimonthly session from Feb. 24 to 26, making a final preparation for an annual full session next month.According to a statement of a meeting, presided over by top legislator Wu Bangguo Wednesday, an important task at the three-day session late this month is to prepare for the upcoming Third Plenum of the 11th National People's Congress (NPC), scheduled to open on March 5.Lawmakers at the February session will deliberate a draft report on the work of the 11th NPC Standing Committee, the draft agenda of the third 11th NPC session, the draft of the name list for presidium and secretary-general, and the draft of the name list for non-voting delegates to the plenary session in March.They will also continue to review the draft law on mobilization for national defence, as well as a draft amendment to the law on keeping state secrets.The draft amendments to the Administrative Supervision Law and the Copyright Law will also be submitted by the State Council to the legislative session for discussion, according to the statement.They will also discuss a consular agreement with the Philippines and a report on the inspection of the enforcement of the Food Safety Law, as well as a motion regarding appointments and dismissals.

UNITED NATIONS, Jan. 27 (Xinhua) -- China's UN Ambassador Zhang Yesui on Wednesday called on concerned parties to create " favorable conditions" for an early resumption of Palestinian- Israeli peace talks.Addressing the Security Council in an open debate, Zhang, the council president for January, said that China remains "deeply concerned over the stalemate in the Middle East peace process and the bleak prospects for resumption of the peace talks.""We hope the parties concerned will strengthen their belief in the peace talks,overcome the difficulties and interruptions, create favorable conditions for an early resumption of the peace talks, and avoid acts that may erode the mutual trust or prejudge the outcome of the negotiations," he said.Zhang urged Israel to freeze all settlements activity and cease the building of separation walls."We urge Israel to open all the border crossings to Gaza, and ensure that the region achieves reconstruction as soon as possible and its people return to normal life," he said.Zhang also emphasized the importance of Palestine's internal reconciliation, voicing hope that all factions "bear in mind the long-term interests of the nation and work together to strive for the Middle East peace process."He also urged the international community to "redouble its efforts to push for all parties to build the momentum for negotiations and inject new impetus into the peace process."

LIMBE, Cameroon, March 17 (Xinhua) -- The released Chinese nationals who were kidnapped in Cameroon days ago arrived in Cameroon's port city Limbe late on Wednesday and the seven are all in good condition.The Chinese nationals left the Bakassi peninsula by boat where they were released. Limbe is the port city of Cameroon in the Atlantic Ocean.The Seven Chinese nationals on board two fishing boats owned by China's Dalian Beihai Fishing Company were abducted early Friday morning by gunmen off the Bakassi peninsula.An "Africa Marine Commando", which had been unknown, claimed responsibility for the kidnapping. Released Chinese nationals call their families after arriving in Cameroon's port city Limbe on March 17, 2010. The released Chinese nationals who were kidnapped off Cameroon's Bakassi peninsula days ago arrived in Cameroon's port city Limbe late on Wednesday and the seven are all in good conditionThe two fishing vessels returned to the port of Limbe hours later with two sailors on board slightly injured.Chinese Ambassador Xue Jinwei told Xinhua that the Chinese and Cameroonian authorities had worked hard to save them. Negotiations went on for days during which the captives had no risk of lives and were provided with water and food.The Bakassi peninsula, which has an area of 1,000 square km and a great potential of oil and gas, has been a hotbed for banditry in the Gulf of Guinea. It was handed over from Nigeria to Cameroon in August 2008 under a ruling by the International Court of Justice in the Hague.A group of gunmen attacked an oil vessel working in an offshore oilfield for the French petroleum Total in October 2008. Ten of the 15 crew members on board the vessel "Bourbon Sagitta" was kidnapped near the Bakassi peninsula. The kidnappers threatened to kill the hostages before releasing them 12 days later.Three Chinese workers were abducted by unidentified kidnappers in May 2008 in Calabar, the capital city of Nigeria's southern Cross River State, which is adjacent to Cameroon.The Cameroonian army deployed a Rapid Response Unit (RRU/ DELTA) in April 2009 to beef up security in the Bakassi peninsula.In October 2009, RRU/ DELTA killed four pirates and wounded four others at the Idabato sea opening in the Bakassi peninsula.

SHANGHAI, Feb. 15 (Xinhua)-- The luxury ocean liner Queen Mary 2 arrived at the Port of Shanghai Monday afternoon, making its first port call in China since its maiden voyage in 2004.The world's reputed cruise carrying about 2,500 passengers and 1,200 crew arrived at the port at 1:30 p.m., and would stay for about 10 hours before leaving for Nagasaki, Japan.Queen Mary 2 was the largest luxury liner which ever made calls at the Port of Shanghai, marking the beginning of a peak of cruise arrivals at the host city of the 2010 World Expo.Shanghai immigration officers had flown to Hong Kong, the previous destination of the cruise, to ensure that all passengers on board could go through necessary customs procedures earlier."So visitors on the ship would have enough time to have a peek of Chinese Lunar New Year's celebration in Shanghai," an immigration official said.Queen Mary 2 is one of the world's largest, longest and most expensive luxury liners, which cost two years and one billion U.S. dollars to build.The ship is 345 meters long, 72 meters high, and 41 meters wide with a cruise speed of 30 knotsThe cruise is owned by the cruise line conglomerate Carnival Corporation.