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BEIJING, Dec. 16 (Xinhua) -- China issued rules for pilot programs of RMB Qualified Foreign Institutional Investors (RQFII) on Friday, formally giving a green light to investment of overseas RMB funds in mainland securities markets.The move is expected to widen the investment channel of overseas RMB funds and add new momentum to the country's bid to make the RMB an international currency.Hong Kong subsidiaries of fund management companies and securities firms can use RMB funds raised in Hong Kong to invest in mainland securities within a permitted quota, according to the rules jointly released by the China Securities Regulatory Commission (CSRC), the People's Bank of China and the State Administration of Foreign Exchange.The total investment quota of RQFII pilot programs is set at around 20 billion yuan (3.15 billion U.S. dollars), according to the rules.To control risks, qualified investors should invest no less than 80 percent of the RMB funds they raised in fixed-income securities, while investment in stocks and equity funds should account for no more than 20 percent.The CSRC will join other related departments to study the possibility of further expanding the trial program after its launch, said a CSRC official who declined to be identified.The launch of the RQFII will open another significant channel for overseas RMB funds to flow back into the country, said the CSRC official.It will also help diversify investment products for overseas RMB funds and facilitate off-shore RMB business, the official said.The RMB is not fully convertible under the capital account but China has stepped up efforts to make the currency more international over the past few years.The government has encouraged the use of the RMB in cross-border trade and investment settlement and approved foreign direct investment in overseas RMB funds obtained overseas.It also allowed Hong Kong to establish an offshore yuan market and has expanded trade settlement agreements and currency swaps to create more channels for the yuan to circulate outside the mainland.

BEIJING, Nov. 26 (Xinhua) -- Joint police patrols along the Mekong River will kick off in mid December to restore security after a deadly attack to Chinese ships in October.Chinese police will start patrols along the river with Laos, Myanmar and Thailand, said a statement from the Ministry of Public Security here Saturday.No exact date was given, but the first joint patrol will be carried out before Dec. 15, said the statement, issued after a ministerial meeting of four countries held in Beijing.Police from the four will work together to restore shipping and guarantee security along the river, the statement said.Shipping on the Mekong River has been suspended since two cargo ships were attacked on Oct. 5, resulting in the murder of 13 Chinese sailors.A headquarters for the initiative will be founded in China and there will be a coordination office in each of the other three countries. They will be linked by a round-the-clock communication mechanism, the statement said.China will assist Laos and Myanmar police in terms of training and equipment, the statement said.Police departments of the four countries will also set up a coordination team to work out more security measures along the Mekong River, it added.

SAN FRANCISCO, Nov. 21 (Xinhua) -- Hewlett-Packard Co. (HP) on Monday reported that its profit in the most recent quarter fell more than 90 percent with sales also declining.In the company's fourth quarter of fiscal 2011 ended Oct. 31, the company posted net earnings of 239 million U.S. dollars, compared with 2.54 billion dollars in the same period a year earlier.HP's net revenue for the quarter reached 32.1 billion dollars, down 3 percent year-on-year.Excluding one-time items, HP earned 1.17 dollars per share, which topped estimates of analysts.According to Thomson Reuters, analysts had expected earnings of 1.13 dollars per share on revenue of 32.05 billion dollars.It was the first earnings report since Meg Whitman took over as chief executive officer (CEO) of the information technology giant on Sept. 22, replacing Leo Apotheker."HP has a great opportunity to build on our strong hardware, software, and services franchises with leading market positions, customer relationships, and intellectual property," Whitman said in a statement after the earnings announcement."We need to get back to the business fundamentals in fiscal 2012, including making prudent investments in the business and driving more consistent execution," she added.

BEIJING, Jan. 25 (Xinhua) -- China's meteorological authority said Wednesday that most parts of China will continue to be in the grip of cold with temperatures remaining low over the next few days.Snowy weather is forecast to continue in the country's southern regions, and freezing rain is expected to hit parts of Guizhou and Hunan provinces, the National Meteorological Center said in a statement on its website.Parts of the country's northwest areas expected to see light snow or drizzle.Meanwhile, fog will shroud most parts of the country's southern areas Wednesday morning, reducing visibility in parts of Yunnan, Hunan, Jiangxi, and Zhejiang provinces to less than 1,000 meters, while smog is forecast to hit some areas of Jiangsu Province, according to the statement.

BEIJING, Nov. 17 (Xinhua) -- Chinese State Councilor Liu Yandong on Thursday met with a U.S. artist delegation, vowing to promote bilateral cultural and art exchanges.Headed by President and Chief Executive Officer of the Asia Society Vishakha Desai, the delegation will participate in the China-U.S. Forum on the Arts and Culture from Nov. 16-19 in Beijing.Liu welcomed the U.S. artists, noting cultural and art exchanges are an important component of bilateral people-to-people exchanges.She said the founding of the forum established an institutionalized and constructive platform for deepening bilateral relations and friendship between the two peoples.Artists from the two countries should exert their influence and actively promote bilateral cultural exchanges, she said.The forum is organized by the Chinese People's Association for Friendship with Foreign Countries, the Asia Society and the Aspen Institute.An extraordinary line-up of American cultural icons will attend the event, including actress Meryl Streep, film director Joel Coen, musician Yo-Yo Ma, and best-selling author Amy Tan.

来源：资阳报