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HONG KONG, July 4 (Xinhua) -- The Bank of China (Hong Kong) Limited (BOCHK), the sole Renminbi (RMB) clearing bank in Hong Kong, announced here Saturday that it will launch RMB clearing services for trade settlement starting from Monday. BOCHK said it had singed a clearing agreement with the People's Bank of China in relation to RMB business, and will invite banks and other financial institutions participating in trade settlement to sign a new clearing and settlement agreement. On Wednesday, the People's Bank of China and other departments on the mainland jointly announced the "Administrative Rules on Pilot Program of Renminbi Settlement of Cross-Border Trade Transactions", allowing RMB settlement of cross-border trade transactions for the first time. "The initiation of the Pilot Program is of particular significance. It will increase the source channels and the usage of RMB funds," said He Guangbei, vice chairman and chief executive of BOCHK. Under the Pilot Program, enterprises will also have greater flexibility in selecting the settlement currency of cross-border trade transactions as well as increasing their capability to hedge exchange risk, minimize costs, and boost the efficiency and profitability of cross-border trade transactions, he said. BOCHK, as a participating bank of RMB business, will take the lead in launching a wide spectrum of RMB trade settlement and finance services for its corporate customers to conduct RMB- denominated trade transactions such as remittances, collections and L/C services between Hong Kong and Shanghai, Shenzhen, Guangzhou, Dongguan and Zhuhai, said the vice chairman.
CHANGSHA, July 12 (Xinhua) -- Jia Qinglin, China's top political advisor, stressed the importance of social harmony and stability and urged people of all walks of life across the country to join efforts for achieving steady and relatively fast economic development. Jia, chairman of the National Committee of the Chinese People's Political Consultative Conference, made the remarks during his latest research trip to Hunan Province from July 9 to 12. Jia Qinglin (C), chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), inspects CSR Zhuzhou Electric Locomotive Research Institute Co. Ltd, in Zhuzhou, central China's Hunan Province, July 11, 2009. Jia inspected the province from July 9 to 12Jia said to maintain social harmony and stability was a crucial and pressing task currently, and stability was a blessing to citizens. He called on local governments to make every effort to safeguard national unity, solidarity among different ethnic groups and social stability.Jia Qinglin (2nd L, front), chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), inspects Hunan Geely Auto Parts Co. Ltd, in Xiangtan, central China's Hunan Province, July 9, 2009. Jia inspected the province from July 9 to 12.

ZHENGZHOU, April 23 (Xinhua) -- Senior Chinese leader Jia Qinglin urged making all-out efforts to ensure economic growth, care for the lives of people and ensure stability during a research trip. Jia, chairman of the National Committee of the Chinese People's Political Consultative Conference, made the call during a visit to central Henan Province from April 17 to 23, where he visited enterprises, urban and rural communities, research agencies and colleges. There had been positive changes in China's economic development as the central government's macroeconomic policies started to pay off, Jia said. But downward pressure was still great, said Jia, who is also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee. Jia Qinglin (2nd R), chairman of the National Committee of the Chinese People's Political Consultative Conference, shakes hands with students at Henan Agricultural University in central China's Henan Province, April 21, 2009. Jia Qinglin made an inspection tour in Henan Province on April 17-23Jia called for more support for companies, especially small and medium-sized ones, and help enterprises to increase exports and carry out technological upgrading. He urged government departments to resolve the employment problems of rural workers and college graduates and expand the coverage of basic pension and health-care systems as well as the minimum living allowance system. Great importance should be attached to work safety and the quality and safety of food and medicine, Jia said. He also urged better work on promoting grain production, increasing farmers' incomes, building housing for low-income earners and improving the development of small towns.
BEICHUAN, Sichuan, May 10 (Xinhua) -- The quake-devastated Beichuan county seat in southwest China's Sichuan Province reopened Sunday to residents to mourn the dead ahead of the first anniversary of the disaster. Some 21,000 people, or two-thirds of the county seat's population, were dead or missing in the 8.0-magnitude earthquake on May 12 last year, making the county the worst hit in the quake. The county will be open for four days till Wednesday. Mourners brought flowers, incense and candles and set off firecrackers in the ruins of former bus stations, county government buildings and homes. The police distributed bottled water to the crowd for free. A mother mourns for her child who was only 67 days old when killed in last year's May 12 earthquake in Beichuan, the hardest-hit area in the disaster, in southwest China's Sichuan Province, on May 10, 2009. Parents who lost their children came back to Beichuan as the first anniversary of the disaster approaches"I come here today to tell my mom that dad, sister and I will live a better life. I miss her and I will often come to see her," said Zheng Chengrong, a student who returned from a vocational college in Mianyang City and dedicated flowers to her mother. Zheng's younger sister studies at Beichuan Middle School, where more than 1,000 students were dead or missing in the quake. Construction of the new school will begin on May 12. "I wish my sister can study hard to enter the senior high school. My mom would be very happy then if she knew that," Zheng said. Cheng Piyi and Huang Guiqiong, a couple who lost their daughter, brought their 16-month son to Beichuan. A mother mourns for her child who was killed in last year's May 12 earthquake in Beichuan, a hardest-hit area in the disaster, in southwest China's Sichuan Province, on May 10, 2009. Parents who lost their children came back to Beichuan as the first anniversary of the disaster approaches."We wish she could see the flowers," Cheng said. "When our son grows up, we will tell him that he had a sister who liked him very much." The town has been closed since May 20 last year. It reopened to former residents during Qingming, or tomb-sweeping day, in April. A new county seat will be built 23 km from the former one. The new town is expected to have 58,000 residents in 2010 and 110,000 in 2020.
来源:资阳报