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URUMQI, Aug. 10 (Xinhua) -- Diplomatic envoys from 26 countries and regions in China began a five-day visit to northwestern Xinjiang Uygur Autonomous Region Monday, about a month after the deadly riot in the regional capital of Urumqi. At the invitation of the autonomous regional government, they are expected to -- through the visit -- acquire a better understanding of Xinjiang's development over the past several decades in various respects, including its politics, economy, ethnic and religious policies, preservation of cultural relics and the livelihood of local residents. Nur Bekri (L), chairman of Xinjiang Uygur Autonomous Region government, shakes hands with Bangladeshi Ambassador to China Munshi Faiz Ahmad in Urumqi, northwest China's Xinjiang Uygur Autonomous Region, on Aug. 10, 2009The diplomatic envoys came from Kuwait, Egypt, Saudi Arabia, Pakistan, Syria, Turkey, Afghanistan, Sweden, Australia, the United States and other countries and regions. "This visit gives us an opportunity to express our support and goodwill to Xinjiang people after the incident and also our expression over Xinjiang's handling of the incident," said Nolama Ta Ama, ambassador of Togo, during a meeting with Nur Berkri, chairman of the Xinjiang autonomous regional government. Nur Bekri, chairman of Xinjiang Uygur Autonomous Region government, holds a meeting with diplomatic envoys in Urumqi, northwest China's Xinjiang Uygur Autonomous Region, on Aug. 10, 2009.The Chinese central government and the local government of Xinjiang exercised great restraint during the incident and took effective measures to stop the violence, said Ama, also head of the diplomatic delegation. He said that violence can only escalate conflicts but cannot solve any problem. "No government in the world will tolerate the 'three evil forces' and the adherence to 'one China' policy is in the interests of all nations," he said. "We hope we can learn more about the truth of the incident through the visit," he added. Nur Berkri briefed the guests about the development of Xinjiang over the past several decades and stressed that the region's rapid development came from the great support of the central government. He said that the July 5 riot, which left 197 people dead and more than 1,600 others injured, involved very few violent rioters and they cannot represent the Xinjiang people and the Muslims. "Not a single person in the religious circle participated in the violence," he said. "Violence is not allowed in any sovereignty and law-ruled nation."
BEIJING, July 29 -- The securities watchdog is mulling further measures to plug the loopholes that showed up in the latest round of initial public offerings (IPO), according to Shang Fulin, chairman, China Securities Regulatory Commission (CSRC). The CSRC is generally satisfied with the results of the recent reforms, but also identified a number of areas that need to be improved. One of these areas is the lack of a provision to block institutional investors from taking advantage of the new allotment system by masquerading as personal investors in their IPO applications. "Some institutional investors were known to have circumvented the subscription limits on their accounts by making applications through personal investor accounts opened with borrowed ID cards," said Lu Junlong, analyst, China Finance Online. "Stockbrokers keen on earning commission fees usually turn a blind eye to such irregularities," he said. People watch the index screen at a stock market in Shanghai, China, July 1, 2009. The CSRC said it is planning to take steps to safeguard individual investors' interests. This has defeated, to some extent, the primary objective of the reform, of increasing the allotment of new shares to personal investors. In the past, the deluge of applications from well-financed institutional investors had largely crowded out applications from individual investors. Because of the loophole, the ratios of allocation of newly issued shares to personal investors in the past several IPOs were still deemed too low. For example, the ratio of allocation in the IPOs of Guilin Sanjin Pharmaceutical, one of the first companies to obtain a stock exchange listing after the lifting of the IPO suspension, was only 0.17 percent. The ratio of allocation in the Sichuan Expressway IPO was 0.26 percent, while it was 2.83 percent for China State Construction Engineering Corp's public float. "The ratio of allocation to subscription is at a low level, similar to the lottery system in the past," said Zhu Hongbin, an investor with over 10-year experience in the market. Considering the wide price gap between the primary and secondary markets, many institutional investors borrowed heavily from banks to subscribe for new shares. Easy credit and cheap money have given institutional investors a much greater edge over small investors in the fight for IPO allotments. "As long as the interbank seven-day repurchase rate stays below 3 to 4 percent, we can make profits by subscribing to new shares," a Shanghai-based fund manger said, who refused to be named. The investors' feverish penchant for newly listed stocks saw Sichuan Expressway Co soar 202 percent on debut. The bourse suspended trading in the scrip for two times to allow for a cooling off period on the first day. The company's issue price was 3.6 yuan, nearly 20 times the PE (price-to-earnings) ratio. After collective bidding, the opening price soared to 7.6 yuan and the shares finally closed at 10.9 yuan after touching a high of over 15 yuan. The high price was beyond the expectation of many analysts. According the reports from 23 securities firms, most analysts thought the reasonable price could be around 5 yuan. Guotai Junan Securities Co was the most optimistic, which estimated the shares could be worth around 7 yuan. The shares subsequently began to slump and closed at 9.81 yuan, with many individual investors burning their figures. According to the Shanghai Stock Exchange, individual investors were the main buyers for the new shares of Sichuan Expressway on its first trading day. Among the 74,000 accounts that bought shares on that date, about 99.9 percent was personal accounts. Institutional investors, including fund mangers, securities firms and insurance companies, did not join the speculation. According to CSRC Chairman Shang Fulin, the regulators are working on a plan to educate individual investors and also exploring effective mechanisms to protect investors' rights.
BEIJING, Sept. 6 (Xinhua) -- When the class began, Math teacher Xu Junjun announced that Premier Wen Jiabao was with them, the students turned round simultaneously and craned their necks and found Grandpa Wen, who greeted the marveling faces with a gentle smile. During the morning class that started 8:10, Wen was seen taking notes carefully. After the lesson, he sat with several students sharing his notes with them. He spent a total of four hours and five minutes till the music class ended with Class 5 of the 8th graders at Beijing No. 35 Middle School on Friday. "It's a memorable experience and I felt as if I had traveled back to my childhood," he said, "I love you all." Chinese Premier Wen Jiabao (C) talks with students at Beijing No. 35 Middle School in Beijing, capital of China, Sept. 4, 2009. Ahead of China's 25th Teacher's Day, which falls on Sept. 10, Chinese Premier Wen Jiabao has called on teachers across the country to enhance their teaching standards and do a good jobWen has been visiting teachers and students on every Teacher's Day since 2003 when he took up the post. The 25th Teacher's Day will fall on Thursday. "Sitting in on the class all the morning is my way of paying tribute to you teachers," he explained his visit later in a meeting with the faculty in the afternoon. The meeting was attended by representatives of teachers from Beijing. The premier commented on the morning lessons one by one and offer his suggestions to the teachers. Wen said that education is a lofty and honorable cause because the fate of the nation depends on it. "The nation's rise and fall rely on education, as only first-rate education can generate first-rate talents who in turn can build a first-rate nation," Wen said. Chinese Premier Wen Jiabao (C) plays games with a student at Beijing No. 35 Middle School in Beijing, capital of China, Sept. 4, 2009. Ahead of China's 25th Teacher's Day, which falls on Sept. 10, Chinese Premier Wen Jiabao has called on teachers across the country to enhance their teaching standards and do a good job.China currently has about 16 million people working in educational institutions, including 12 million teachers in middle and primary schools. Chinese teachers have made great contribution to the country's education and modernization through their hard work to cultivate generations of talented people over the years, Wen said. "Anyone, no matter how successful they are, owes their growth to their teachers' enlightenment and instruction, and thus should be a student forever before their teachers, " he said. He also urged the teachers to be creative in improving their teaching skills, teaching contents and evaluation methods. "Teachers are not sculptors, but what you are crafting is the most valuable work of art," Wen said. He called on the educators to teach with love, be dedicated to learning and set exemplary roles for students. "I felt quite warmed at heart after I watched the premier spend the whole morning attending lessons and use almost an hour to comment on each one," said Zheng Xinrong, a professor with Beijing Normal University, China's top institute for teachers. Chinese Premier Wen Jiabao (R3 2nd Line Back) attends a music class at Beijing No. 35 Middle School in Beijing, capital of China, Sept. 4, 2009. Ahead of China's 25th Teacher's Day, which falls on Sept. 10, Chinese Premier Wen Jiabao has called on teachers across the country to enhance their teaching standards and do a good job.