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BEIJING, Jan. 15 (Xinhua) -- China will soon clarify the rules and regulations on qualified foreign institutional investors (QFIIs) trading stock index futures in China, the China Daily reported Friday.     "The regulator will work on the policies and regulations on securities companies, mutual funds and QFIIs ... in order to guarantee the smooth launch of index futures," the newspaper quoted Shang Fulin, chairman of China Securities Regulatory Commission (CSRC) as saying at a national conference on securities and futures supervision that ended Thursday.     CSRC will also enhance supervision on securities firms that provide brokerage services for index futures trading and improve the country's cross-market supervision regime, the newspaper quoted Shang as saying.     Foreign institutions may be allowed to trade index futures using a portion of their QFII quota, but details on trading requirements are still unknown, said the newspaper.     At the conference Shang also said that the regulator would introduce margin trading and short selling pilot programs at the appropriate time, according to the newspaper.

BEIJING, March 1 (Xinhua) -- President Hu Jintao and other top Chinese leaders joined an evening party Sunday with representatives of intellectuals in Beijing to celebrate the annual Lantern Festival.Hu and eight other members of the Standing Committee of the Political Bureau of the CPC Central Committee, including top legislator Wu Bangguo and Premier Wen Jiabao, attended the event featuring song-and-dance shows and rice dumplings, a traditional food for the festival. General Secretary of the Central Committee of the Communist Party of China (CPC) Hu Jintao (C) talks with delegates from the intelligentsia during a get-together marking the traditional Lantern Festival at the Great Hall of the People in Beijing, capital of China, Feb. 28, 2010. The CPC Central Committee hosted a get-together here on Sunday to mark the Lantern Festival

ULAN BATOR, Feb. 1 (Xinhua) -- Aid materials provided by the Chinese government arrived on Monday to help Mongolians cope with the worst snowstorms the country has ever seen in three decades.The aid, worth 10 million yuan (1.46 million U.S. dollars), includes food, portable power generators and quilts.At a handover ceremony at the airport, Enkhbold Miyegombo, deputy prime minister of Mongolia and head of the State Emergency Commission, said the timely support was an embodiment of brotherhood between China and Mongolia.Chinese Ambassador Yu Hongyao said he was confident that Mongolians would overcome the disaster with the leadership of the Mongolian government.The Red Cross Society of China has also announced a donation of 30,000 dollars to Mongolia, Yu said.Snowstorms across Mongolia have left over 1.5 million head of cattle dead, dealing a heavy blow to the country's farming industry.

BEIJING, Feb. 25 (Xinhua) -- China defended its move to reduce its holdings of U.S. Treasury securities, saying the United States should take steps to promote confidence in U.S. dollar .Foreign Ministry spokesman Qin Gang made the comment Thursday when responding to questions on China's sale of U.S. Treasury securities last December.Qin said the issue should be viewed from two perspectives.He said on the one hand, China always followed the principle of "ensuring safety, liquidity and good value" in managing its foreign exchange reserve. And when it came to how much and when China buys the bonds, the decision should be made taking into account the market and China's need, so as to realize rational deployment of China's foreign exchange property, he said.And on the other hand, the United States should take concrete steps to beef up the international market's confidence in the U.S. dollar, Qin said.The way to view the issue was similar to doing business, he said.China trimmed its holdings of U.S. debt by 34.2 billion U.S. dollars in December 2009, leaving Japan the largest holder of U.S. Treasury securities, the U.S. Treasury Department reported on Feb. 16.As of the end of November last year, China held 789.6 billion U.S. dollars of U.S. Treasury bonds.

SHANGHAI, March 23 (Xinhua) -- There has been no timetable for the construction of a maglev line project between Hangzhou and Shanghai, a spokesman of the Shanghai municipal government said Monday.The project is still undergoing feasibility studies, the official said when responding to media reports last week which said the construction is expected to start this year.The proposal of the ultra-high-speed maglev line, with an estimated cost of 22 billion yuan (3.22 billion U.S. dollars), was approved by the National Development and Reform Commission in 2006.When completed, the line is expected to cut the travel time between Shanghai and Hangzhou, capital of the neighboring Zhejiang Province, to half an hour from the current 2.5 hours.