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BEIJING, June 14 (Xinhua) -- The China Ping An Insurance (Group), which had plans to buy a 22 billion yuan (3.2 billion U.S. dollars) stake in Shenzhen Development Bank (SDB), said Sunday that there are no changes in buying into the bank for the moment.     There are no changes in the bank, and the stake purchase aims to improve Ping An's financial service and asset structure, said Zhang Zixin, general manager of the China's second largest insurer via a telephone news conference.     Ping An and SDB will operate with their own plans. The management team of the bank will not change right now, according to the Frank Newman, president of SDB, and Richard Jackson, president of the Ping An Bank Co., Ltd.     The company said last Friday it would buy 520 million shares from the U.S.-based TPG's Asian arm Newbridge Capital for 11.45 billion yuan by the end of 2010. Newbridge Capital is currently the top shareholder in Shenzhen Development Bank.     The Ping An would acquire no more than a 30 percent stake in Shenzhen Development Bank after the two deals, and become the top shareholder instead.     The Ping An Group, together with Ping An Life Insurance, currently holds a 4.68 percent stake in Shenzhen Development Bank.

BEIJING, May 22 (Xinhua) -- Twenty-nine large and medium-sized Chinese steel producers reported 5.18 billion yuan (762.46 million U.S. dollars) in aggregate losses in the first four months, the China Iron and Steel Association (CISA) said here Friday.     The 29 producers were among 72 surveyed by CISA, the association's vice chairman, Luo Bingsheng, said.     The 72 companies reported 575.59 billion yuan in revenue, down 18.9 percent year on year, Luo said. They paid 15.42 billion yuan in taxes, down 85.07 percent year on year, Luo said.     Losses were mainly caused by slumping domestic steel prices, Luo said.     Many producers have cut costs, and the production cost of steel dropped 13.75 percent in the first quarter, Luo said.

BEIJING, June 8 (Xinhua) -- A senior Communist Party of China (CPC) official on Monday asked the border public security force to rely on the people to safeguard national security and social stability in the country's border areas.     Zhou Yongkang, member of the Standing Committee of the Political Bureau of the CPC Central Committee, made the remarks when he met with model individuals and groups of the border public security force. Zhou Yongkang, member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, also the secretary of the CPC Central Political and Legislative Affairs Committee, meets with model individuals and groups of the border public security force in Beijing, capital of China, on June 8, 2009He asked the force to organize and mobilize people of different ethnic groups to participate in border defense to "form prevention and control network", which incorporated the strengths of both the public and the police.     The border public security force should make special efforts in the "prevention of and crackdown on the sabotage activities by separatists, terrorists and extremists forces, illegal border-crossing smuggling, drug and human trafficking," he said.     Most of China's border areas are economically under-developed or inhabited by ethnic minority people, said Zhou, who is also the secretary of the CPC Central Political and Legislative Affairs Committee.     The border public security force must innovate and actively serve the local people, get to know their difficulties, timely handle public security cases, and dissolve their disputes, he said.     The border public security force, listed as a component of the People's Armed Police Force (PAPF), is an armed law-enforcement body deployed by the state in border and coastal areas and at ports.     Since 2007, it has arrested 4,400 illegal border crossers, seized 3,806 kg of drugs, seized smuggled goods worth 620 million yuan (about 90.7 million U.S. dollars), cracked 19,205 criminal cases and handled 60,063 violations of public security, according to a white paper on national defense released earlier this year.

DAMASCUS, April 26 (Xinhua) -- During his Middle East tour, Chinese Foreign Minister Yang Jiechi on Sunday put out a five-point proposal to push forward the Middle East peace process and common development.     Yang, who has visited Egypt, the Palestinian territories, Israel and Syria, said in an exclusive interview with Xinhua that China has been closely following the situation in the Middle East and he has made in-depth exchanges of views with concerned parties on various issues of the region during his Middle East visit. Syrian Foreign Minister Walid al-Moallem (R) and Chinese Foreign Minister Yang Jiechi hold a joint press conference after their meeting in Damascus, April 26, 2009. The Israeli attacks on the Gaza Strip at the end of 2008 has brought heavy casualties and instability to the region, which shows once again that if the Middle East issue is not been fundamentally solved, there will be no peace and security in this region, he said.     Currently, Israel has formed a new government and the two main Palestinian factions have been holding talks under the mediation of Egypt. Under such circumstances, Yang put the five-point proposal, which includes:     First, the concerned parties should adhere to the peace talks, and firmly promote the peace process on the basis of relevant UN resolutions, the "land for peace" principle, the "Road Map" plan, and the Arab peace initiative, Yang said.     Second, the parties should take positive measures to restore stability and accumulate mutual trust, so as to create conditions for the development of peace process.     Third, China believes the two-state solution should be maintained and calls for an early establishment of an independent Palestinian state and the two countries of Palestine and Israeli live in harmony.     "This is the ultimate way out for the Palestinian issue, which can give guarantee to the Middle East peace and security," Yang said.     Fourth, the international community should continue to pay due attention to the Middle East issue, and deliver its supports to the peace talks, the inner-Palestinian unity and economic growth.     Fifth, the peace negotiations between Palestine and Israel, Syria and Israel, Lebanon and Israel should advance in a coordinated way in order to achieve comprehensive peace across the Middle East region, Yang said.     "As a permanent member of the UN Security Council, China will continue to maintain close communication and coordination with parties concerned to play a constructive role in pushing for a comprehensive, just and lasting solution to the Middle East issue," Yang added.     He said he has enunciated China's position on current Middle East issues during the trip. He hoped relevant parties could stick to the peaceful negotiation and accumulate mutual trust in a bid to advance the Middle East peace process.     He said he believes his visits to the four Middle East nations will contribute to the peace process.     Yang left the Syrian capital Damascus on Sunday after meeting with Syrian President Bashar al-Assad and Syrian Foreign Minister Walid Mualem. 

CHENGDU, May 13 (Xinhua) -- Chinese President Hu Jintao Monday and Tuesday inspected reconstruction work and encouraged survivors to bravely face the music in southwestern Sichuan Province where a massive earthquake, centered in Wenchuan County, left more than 87,000 dead or missing last May 12.     Hu and Vice Premier Li Keqiang visited heroes and models of quake relief, people working on rebuilding the area and grassroots officials and the masses in quake-hit Mianyang, Deyang and Chengdu cities and Aba prefecture. Chinese President Hu Jintao meets with representatives of anti-quake heroes, government officials and reconstruction project workers in Mianyang, southwest China's Sichuan province. Hu Jintao visited the reconstruction projects in the quake-hit places in southwest China's Sichuan province on May 11 and May 12, 2009. Hu praised the reconstruction efforts and encouraged them to make more contributions to rebuilding the quake-hit region.     In a rehabilitation and artificial limb center for the disabled in Deyang, jointly set up by the local association for the handicapped and the Hong Kong Red Cross Society, Hu, moved by the staff's meticulous care, said, "You've not only brought here rehabilitation techniques, but a loving heart as well." Chinese President Hu Jintao helps a handicapped woman caused by the quake of last year in a rehabilitation center in Deyang, southwest China's Sichuan province. Hu Jintao and vice Premier Li Keqiang visited the reconstruction projects in the quake-hit places in southwest China's Sichuan province on May 11 and May 12, 2009.Hu encouraged patients to cooperate with doctors, stick to training every day and bravely face the music.     He also helped Liu Chunyan, 37, who had both of her legs amputated after the quake, to practice walking. Liu wore artificial limbs and received rehabilitation training at the center.     Hu asked Liu to be strong and optimistic toward life.     The president also carefully observed an urban planning layout panel and a sand table model of the Beichuan County, which was flattened by the quake. Hu asked in detail about the progress of the reconstruction project. Chinese President Hu Jintao and vice Premier Li Keqiang meet with construction workers of the highway project from Dujiangyan to Yingxiu in southwest China's Sichuan province. Hu Jintao and Li Keqiang visited the reconstruction projects in the quake-hit places in southwest China's Sichuan province on May 11 and May 12, 2009.He told workers that building the new Beichuan was a "landmark project of an overall post-quake reconstruction," and "scientific planning, meticulous designing, efficient and quality construction are essential."     Hu's car also cut the ribbon lining the newly-built expressway linking Dujiangyan City and Yingxiu Town, two of the worst-hit areas in the deadly earthquake, at a ceremony marking the road's opening to traffic. The new road is a fast track leading to the epicenter and is vital for reconstruction work.     In a modern agricultural model park in Dujiangyan, which was built with Shanghai's help, Hu told technological staff to promote agricultural technologies so that farming could contribute more to local farmers' income growth. Chinese President Hu Jintao visits the Hi-tech-Agri. demonstration garden in Dujiangyan, southwest China's Sichuan province. Chinese President Hu Jintao and vice Premier Li Keqiang visited the reconstruction projects in the quake-hit places in southwest China's Sichuan province on May 11 and May 12, 2009Hu also visited an airborne land army regiment of the Chengdu Military Area Command of the Chinese People's Liberation Army (PLA). Five crew members of an Army helicopter of the regiment died when their craft crashed in the mountains during an earthquake relief mission last May 31.     The copter crew, headed by Senior Colonel Qiu Guanghua, had been working to rescue and evacuate survivors of the 8.0-magnitudequake.     The PLA regiment relocated 1,128 injured people after the quake and transported 5,566 others to safer areas. Chinese President Hu Jintao meets medical personnel from Hong Kong SAR in a rehabilitation center in Deyang, southwest China's Sichuan province. Hu Jintao visited the reconstruction projects in the quake-hit places in southwest China's Sichuan province on May 11 and May 12, 2009. Hu visited families of the five crew members, saying the five were "reflection of the Party's principle of wholeheartedly serving the people" and their achievement would be enshrined in the people's heart.     The president bowed deeply to their family members in a token of respect and acknowledgement.     Hu asked local government to step up reconstruction efforts and ensured economic growth, people's livelihood and social stability so as to embrace the 60th anniversary of the founding of the country.     On Tuesday, a memorial service to mark the first anniversary of the catastrophe was held in Yingxiu. Hu addressed the ceremony.