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TAIPEI, Sept. 11 (Xinhua) -- Financial organizations from the Chinese mainland and Taiwan have stepped up cooperation to take advantage of business opportunities brought by a landmark cross-Strait economic pact, the Economic Cooperation Framework Agreement (ECFA).The board of directors of Taiwan-based Taishin Financial Holdings decided on Sept. 9 to sign a cooperation agreement with mainland-based Nanjing Zijin Investment Co., a move hailed by the company as "the first step to enter the mainland."The agreement aims to promote exchanges and cooperation between the two companies and their subsidiaries, while Nanjing Zijin will ease the way for Taishin's new operations on the mainland, Taishin said.The company's Taishin Bank is also planning to set up an office in Nanjing, capital of east China's Jiangsu Province.Prior to this, China Huarong Asset Management Corporation (CHAMC) and Taiwan-based SinoPac Holdings signed an agreement in Beijing on Sept. 3 to begin a new strategic cooperation. According to the agreement, the two sides will cooperate in personnel training, exchange of management experiences and information, as well as in research, development of new products and new business models.Huarong President Lai Xiaomin said the ECFA would promote a quickening flow of economic resources across the Taiwan Strait, including the movement of personnel, materials, capital and information."The ECFA will bring great business opportunities for cross-Strait economic development and boost cooperation between financial institutions on both sides, thus bringing new development opportunities for financial industries across the Strait," he said.The ECFA, which is to take effect on Sunday, was signed by negotiators from the mainland and Taiwan in June, and aims to establish a systematic mechanism for enhancing cross-Strait economic cooperation.Wang Jianmin, a researcher of the Institute of Taiwan Studies of the Chinese Academy of Social Sciences, said substantial financial cooperation between the two sides has lagged behind trade cooperation for a long time."The ECFA, however, will have a positive impact," he said.The banking service sectors might be among the first to make breakthroughs in cross-Strait financial cooperation.The mainland-based Bank of China and Bank of Communications applied to the Taiwan economic department on Sept. 7 to set up representative offices in Taiwan.According to the ECFA, mainland banks can set up representative offices in Taiwan upon approval by the Taiwan authority and can then apply to set up a branch bank one year after the establishment of representative offices on the island.

BEIJING, Oct. 21 (Xinhua) -- Chinese Vice President Xi Jinping Thursday stressed the importance of nurturing cadres from ethnic minority groups to help in the government's drive to develop regions inhabited by ethnic minorities.Efforts should be made to cultivate outstanding cadres with political integrity and professional competence from ethnic minorities, Xi said at a symposium marking the 30th anniversary of the establishment of a training course for Tibetan cadres at the Party School of the Central Committee of the Communist Party of China (CPC).The Party School of the CPC Central Committee initiated a training course for Tibetan cadres in Sept. 1980. Over the past three decades, more than 1,700 Tibetans have attended 42 sessions of the training course, becoming the backbone in promoting development, stability and ethnic unity in Tibet.Xi said Party schools should play a key role in training and nurturing cadres from ethnic minorities, who possess both political integrity and ability, particularly among young people and those who are from grass-roots levels.

GUANGZHOU, Sept. 22 (Xinhua) -- Floods and landslides due to heavy downpours brought by typhoon Fanapi have claimed 33 lives in south China's Guangdong Province, while another 42 remain missing, local authorities said Wednesday.Meanwhile, more than 1 million people were affected and 78,400 people in low-lying areas were forced to be evacuated, the provincial flood control headquarters said in a statement.In addition, rainstorms and and geological disasters have destroyed more than 1,400 homes and inundated more than 30,000 hectares of cropland, the statement said.Direct economic losses were estimated at about 2 billion yuan (300 million yuan), it said.Some areas in Guangdong reported precipitation of over 640 mm in 24 hours, it said.Typhoon Fanapi, the 11th and strongest typhoon to hit China this year, landed in Fujian Province at 7 a.m. Monday, but wreaked most havoc in Guangdong, which neighbors Fujian on the south.No casualties have been reported in Fujian.

NANNING, Oct. 19 (Xinhua) -- China and member states on the Association of Southeast Asian Nations (ASEAN) are seeking new cooperation opportunities at the 7th China-ASEAN Expo while reviewing fruitful results from more than nine months' operation of China-ASEAN free trade area (CAFTA).The 7th China-ASEAN Expo (CAEXPO) and China-ASEAN Business and Investment Summit, with the theme of free trade and new opportunities, opens Tuesday in Nanning, capital of south China's Guangxi Zhuang Autonomous Region.Buoyed by the zero-tariff framework under the CAFTA, more than 2,000 enterprises from home and abroad are taking part in the 7th CAEXPO, which has 4,600 exhibition booths. Jia Qinglin (C Front), chairman of the National Committee of the Chinese People's Political Consultative Conference, announces the opening of the 7th China-ASEAN Expo (CAEXPO) in Nanning, capital of southwest China's Guangxi Zhuang Autonomous Region, Oct. 19, 2010.Top Chinese political advisor Jia Qinglin, Indonesian Vice President Boediono, and other high-ranking officials, businessmen and scholars from China and the 10 ASEAN nations also gathered in the southern Chinese city to attend the opening of the expo and the summit.The much-anticipated CAFTA was formally launched on Jan.1, 2010. With a population of 1.9 billion and a combined gross domestic product (GDP) of 6 trillion US dollars, the CAFTA ranks as the world's third largest trade zone following North American FTA and the European FTA.From January to September, the two-way trade volume reached 211.3 billion U.S. dollars, up 44 percent year-on-year, an eye-catching growth as the world economy just saw a turnaround after the financial crisis.Jia, chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), said in a keynote speech at the opening ceremony of the summit that cementing and reinforcing the China-ASEAN strategic partnership is in the common interests of the two sides.

STOCKHOLM, Sept. 12 (Xinhua) -- Swedish Parliament Speaker Per Westerberg on Sunday said that with the rapid economic development, China has played an increasingly important role in international and regional issues over the past years."Sweden is willing to further broaden and deepen cooperation with China in bio-pharmaceutical, energy and environmental protection fields, strengthen governmental, parliamentary and people's exchange between the two countries and promote sustainable development of bilateral relations," Westerberg said in a meeting with Liu Qi, a Chinese party official.Liu, a member of the Political Bureau of the Communist Party of China (CPC) Central Committee and secretary of the Beijing Municipal Committee of the CPC, arrived in Stockholm on Friday for a three-day visit.Swedish Parliament Speaker Per Westerberg (L) meets with Liu Qi (R), a member of the Political Bureau of the Communist Party of China (CPC) Central Committee and chief of the CPC Beijing Municipal Committee, in Trosa, Sweden, Sept. 12, 2010.Over the past 60 years since the establishment of the diplomatic relations between the two countries, bilateral exchange and cooperation in trade, education and tourism have been increasing and benefited both sides, Westerberg said.During the meeting, Liu said that with the frequent bilateral visits of high-level leaders, political trust in both sides have been strengthened."Bilateral cooperation in traditional fields have been fruitful while the cooperation in energy-saving, environmental protection and ecological city construction has been expanding," Liu said.He said China is willing to strengthen exchange and communication with Sweden and take the 60th anniversary as an opportunity to further tap the potential of cooperation and promote further development of bilateral relations.Liu also met Carl Bildt, Swedish minister of foreign affairs, and attended a signing ceremony between Beijing Economic and Information Committee and Ericsson for strategic cooperation.Liu came from Oslo before he arrived in Stockholm. He will continue to visit Iceland, the Netherlands and Switzerland after his tour in Sweden.