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BEIJING, May 22 -- China's stock index futures wrapped up their first month of trading on Friday as the May contract was delivered smoothly without triggering sharp declines or volatility in the spot market.The May contract rose 0.51 percent to close at 2749.8 points while the June contract, the most actively traded, rose 1.44 percent to close at 2801 points. The CSI 300 Index, which tracks 300 large caps traded on the Shanghai and Shenzhen bourses gained 1.57 percent to 2768.79 points.The smooth settlement of the May contract eased investors' worries about the "expiration day effect", with fears that it would trigger sharper volatility on the spot market due to more active trading of index futures as investors rushed to close positions for May and changed to June contracts on that day."The trading volume and the holdings of the May contract dramatically decreased in the past month, which significantly reduced the incentive of price manipulation in the spot market," said Yang Cui, an analyst at Changjiang Securities.Chen Zhenzhi, an analyst at Guangfa Futures, said the impact of the expiry day was very limited due to the fact that most institutional investors have not participated in index futures trading.The China's index futures market is still dominated by retail investors although securities firms and equity funds have been allowed to trade the new financial instrument. The securities regulator required that institutional investors should trade index futures for hedging rather than speculative purposes.Trading of index futures contracts, agreements to buy or sell the CSI 300 Index at a present value on an agreed date, allow investors to profit from both gains and declines in the market. Chinese investors could previously only profit from gains in equity prices.Some analysts said the launch of the financial instrument was one of the reasons leading to the recent decline as the short selling mechanism increases market volatility in the short term.The benchmark Shanghai Composite Index has declined 17 percent since the launch of index futures trading on April 16. It has been ranked as one of the world's worst performers along with some debt-troubled European countries.But Wang Lianzhou, former deputy director of the National People's Congress' finance and economics committee, was recently quoted by Chinese media as saying that the market's decline should not be blamed on index futures, which is designed to make the market more professional and less speculative.

XIANGNING, Shanxi, April 5 (Xinhua) –- Chinese President Hu Jintao and Premier Wen Jiabao conveyed sympathy to the nine coal miners who were safely taken out of the Wangjialing Coal Mine in north China's Shanxi Province Monday morning.Luo Lin, head of the State Administration of Work Safety, read a telegraph of Vice Premier Zhang Dejiang on the site. In the letter, Zhang expressed sympathy to the survivors on behalf of Chinese President Hu Jintao and Premier Wen Jiabao and ordered rescue workers to race against time and go all out to continue the rescue work.The nine survivors lifted out of the shaft were immediately sent to a nearby hospital for medical treatment.Underground water gushed into the pit of under-construction Wangjialing Coal Mine at about 1:40 p.m. last Sunday. Altogether 261 miners were working underground, and 108 were lifted to safety.

BEIJING, April 1 (Xinhua) -- Chinese State Councilor Dai Bingguo met here Thursday with Saeed Jalili, the visiting Iranian chief nuclear negotiator and Secretary of Supreme National Security Council.Dai and Jalili had frank and in-depth exchanges on China-Iran relations and issues of mutual concern.Also on Thursday, Chinese Foreign Minister Yang Jiechi held talks with Jalili. Yang stated China's stance and opinion of the Iran nuclear issue and urged relevant parties to step up diplomatic efforts and show flexibility to create conditions for a resolution based on dialogue and negotiations.On the same day, Chinese Foreign Ministry spokesman Qin Gang reiterated at a regular news briefing that China would continue to work for a peaceful solution to the Iran nuclear issue, maintaining there is still room for diplomatic efforts on the nuclear issue."China expresses its serious concern about the Iran nuclear issue situation. China is in close contact with relevant parties and is striving for a proper settlement of the issue through diplomatic means," said Qin.

NANJING, May 2 (Xinhua) -- Chinese State Councilor Liu Yandong Sunday called for reform in talent cultivation and the education appraisal system among universities to boost innovation.The government would reform the education system to promote innovation, international vision and comprehensive abilities among students, Liu said at the opening of a forum of university presidents in Nanjing.Universities should explore new patterns of education with open minds and more cooperation with other research institutions and businesses, Liu said.Education and talent were the key elements in China's development.Liu also urged the universities to play a role as social think tanks to serve the country's economic and social development.Liu was speaking at the Chinese-Foreign University Presidents Forum, which was attended by the heads of about 150 universities around the world.

来源：资阳报