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BEIJING, Nov. 9 (Xinhua) -- China Merchants Securities, a leading domestic brokerage firm, announced Monday that it has set its A-share initial public offering (IPO) price range between 26 yuan (3.8 U.S. dollars) and 31 yuan.     The Guangdong-based brokerage is scheduled to issue no more than 358.5 million shares, it said in a statement to the Shanghai Stock Exchange Monday.     The IPO price translates into a price to earnings (P/E) ratio between 47.18 and 56.26 times. The subscription of the company starts on Tuesday, said the company.

BEIJING, Dec. 26 -- The weight of private enterprises in the overall economy is on the rise and that of State-owned enterprises (SOEs) on the decline, Ma Jiantang, minister of the National Bureau of Statistics, said on Friday.     The number of private firms rose by 81.4 percent from 2004 to 2008 to reach 3.6 million and SOEs dropped by 20 percent to 143,000, Ma said at a press conference where China's second economic census results were released.     China has made great efforts over the past 30 years to restructure its economy. It has gradually raised the proportion of private enterprises after the market-oriented reform began in the early 1980s. As a result, the private sector has contributed an ever-growing value to the country's GDP and provided most of the jobs.     But in recent years, some major acquisitions have seen SOEs buying into private companies, sparking concern that the State may be strengthening its control over the private sector.     Ma said the census figures do not suggest SOEs are buying into private enterprises.     In terms of asset value, SOEs saw their proportion in the nation's total drop by 8.1 percentage points from 2004 to 2008 to 23 percent. In contrast, private enterprises' assets rose by 3.3 percentage points to 12.3 percent.

BEIJING, Nov. 27 (Xinhua) -- China's promise on its carbon dioxide emissions cut target was "a serious and solemn one," said Premier Wen Jiabao here Friday.     Wen made the remarks in a meeting with representatives from India, South Africa, Brazil and the G77 group of developing nations, who were here for consultations with China on climate change issues. The State Council, or the Chinese cabinet, announced Thursday that China was going to reduce the intensity of carbon dioxide emissions per unit of GDP in 2020 by 40 to 45 percent compared with the level of 2005. Chinese Premier Wen Jiabao (2nd, R) meets with representatives from India, South Africa, Brazil and the G77 group of developing nations, who are here for consultations with China on climate change issues, in Beijing, China, Nov. 27, 2009.     Wen told the foreign representatives that the Chinese government set down the task plan"based on our own national conditions and long-term interests," and "in the spirit of being responsible for the welfare of all the people in the world."     China's target was made after full scientific research and conformed to reality, the premier noted.     "We need to devote great efforts to reach the target," he said.     Wen called for global cooperation in addressing climate change issues, saying that the developing nations enjoyed common interests in this sector.     China valued the mechanism of consultation with India, Brazil and South Africa, and would increase coordination with the G77 group, he said.     "We will work with all parties concerned to help bring about reasonable and realizable outcome of the upcoming UN climate change conference in Copenhagen," said Wen, who is scheduled to attend the conference next month.     The foreign representatives applauded China's efforts and achievements in tackling climate change issues.     They agreed that developing nations should work together to safeguard common interests and make contribution to coping with this challenge and achieve sustainable development.     Indian Minister of State for Environment and Forests Jairam Ramesh, Brazilian Presidential Advisor Marcel Fortuna Biato, and South African Minister of Water and Environmental Affairs Buyelwa Sonjica were here for the ministerial consultations on climate change on Nov. 28.     The Chinese representative to the consultations will be Xie Zhenhua, vice minister in charge of the National Development and Reform Commission.     Sudan's Lumumba Stanislaus Di-Aping, a representative of the G77, had concluded his consultations with Xie earlier Friday.

BEIJING, Nov. 13 (Xinhua) -- Chinese Premier Wen Jiabao said here Friday that China is committed to fully tackling climate change and pledged contribution to the international cooperation in this regard.     Wen made the remarks while meeting with the foreign representatives who attended the 9th annual conference of China Council for International Cooperation on Environment and Development (CCICED). Chinese Premier Wen Jiabao (R) shakes hands with Margaret Biggs, president of the Canadian International Development Agency, in Beijing, Nov. 13, 2009. Wen Jiabao met with the foreign representatives who attended the 9th annual conference of China Council for International Cooperation on Environment and Development (CCICED) on Friday.While tackling the global financial crisis, the Chinese government has never relaxed its requirements for energy conservation, emissions reduction and environmental protection, and is striving to seek new economic growth opportunities in environmental protection and eco construction fields, said Wen.     Wen said China will integrate actions on climate change and carbon dioxide emission cut into its economic and social development plan and take legal, economic and technological measures to fully advance its work in fighting the climate change. Chinese Premier Wen Jiabao (R) talks with Margaret Biggs, president of the Canadian International Development Agency, in Beijing, Nov. 13, 2009. Wen Jiabao met with the foreign representatives who attended the 9th annual conference of China Council for International Cooperation on Environment and Development (CCICED) on Friday. China will participate actively in the upcoming UN climate change conference in Copenhagen and make contribution to the international cooperation in the climate change issue, Wen said.     CCICED, established in 1992, is an environment consulting organization composed of officials and experts from home and abroad to provide policy advice to the Chinese government.

BEIJING, Dec. 22 (Xinhua) -- Chinese Vice President Xi Jinping's visits to Japan, South Korea, Myanmar and Cambodia consolidated friendly relations, enhanced mutual trust and promoted practical cooperation with the countries, the vice foreign minister said Tuesday.     Xi was the first Chinese state leader to visit Japan since the new Japanese government led by Prime Minister Yukio Hatoyama took office in September, said Wu Dawei. Chinese Vice President Xi Jinping (L) shakes hands with Japanese Prime Minister Yukio Hatoyama in Tokyo, Japan, Dec. 14, 2009. Xi highlighted the great importance the Chinese government has attached to its ties with Japan, saying both sides should continue efforts to enhance the friendly links between the two countries.     Xi called on both sides to work together to further the China-Japan strategic and mutually beneficial relationship in a bid to realize their peaceful co-existence and long-term friendliness.     During the visit to Seoul, Xi said China and South Korea should strive to deepen their strategic and cooperative partnership under the new situation. Chinese Vice President Xi Jinping (1st, L) meets with South Korean President Lee Myung-bak (1st, R) in Seoul, the Republic of Korea (ROK), Dec. 17, 2009When meeting with leaders of Myanmar and Cambodia, Xi stressed that it has been a fixed policy of the Chinese government to develop relations with the two countries no matter how the world situation might change.     Xi has focused his visits on efforts to push for a practical cooperation with the four Asian nations, as well as on more exchanges on low-carbon and high technology and circular economy.     The vice president called for more cooperation between China and Japan in confronting the international financial crisis. Efforts also should be made to deepen their cooperation in new energy, new material and information technologies in bids to enhance the level of the China-Japan trade links, he said. Visiting Chinese Vice President Xi Jinping (L) meets with Than Shwe, chairman of Myanmar's State Peace and Development Council, in Nay Pyi Taw, Myanmar, Dec. 20, 2009.Noting Japan's advancement in environmental protection and technology, Xi said there exists a huge potential for the two countries to expand their cooperation in such areas.     Japanese businessmen and officials hoped China's good economic momentum could last as the country is turning from a "world manufacturer" to "world market." China's development would bear on the Japanese economic recovery.     Emphasizing the mutually beneficial relations between China and South Korea, South Korean businessmen expressed a readiness to deepen cooperation with China as it provides a huge market for South Korea's development. Visiting Chinese Vice President Xi Jinping (R) and Cambodian Prime Minister Hun Sen (L) review the guard of honor during a welcoming ceremony in Phnom Penh, Cambodia, Dec. 21, 2009. In meeting with the foreign leaders, the vice president elaborated on China's accomplishments over the past sixty years since the birth of the People's Republic of China. He also spoke of the difficulties facing China's economic and social development.     Xi said China would follow the path of sustainable development under the guidance of the scientific outlook on development.     Speaking of China's measures against the global financial crisis and its effects, Xi said China is willing to work with the international community to deal with the adverse impact of the crisis.     The vice president said China will adhere to the policy of building friendship and partnerships with neighboring countries and continue its path of peaceful development.     China's development serves as an opportunity instead of a threat, Xi said.     China would keep on building a harmonious society domestically while committing to constructing a harmonious Asia and world.     Promoting exchanges among various cultures is one of the most notable features of the vice president's visits.     In Tokyo, he attended the opening ceremony of the China Culture Center. In addition, before the end of the visit, he inaugurated the first Confucius Institute in Cambodia.     Tightly scheduled, Xi's four-nation tour was fruitful and influential, Wu concluded