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BEIJING, April 2 -- China Everbright Bank, Everbright Group's banking unit, will go public in Shanghai in July or August, Everbright Group said Tuesday. The bank will issue more than 820 million A shares, accounting for 10 percent of its enlarged share capital, said Everbright Group, a State-owned financial conglomerate. The bank may float shares on the Hong Kong stock exchange if its Shanghai IPO is successfully completed before the 2008 Olympic Games. "But the bank has no timetable for a Hong Kong listing yet," said its vice-president Xie Zhichun. "And the Shanghai listing plan will be further discussed by and is subject to approval from the board and shareholders." Xie added: "The board may enlarge the A-share issue further to more than 10 percent of the enlarged share capital as we don't know whether we can realize a Hong Kong listing or not, but we expect to finish the Shanghai listing before the Olympic Games." The bank has postponed inviting strategic investors as concerns are rising that the subprime crisis will worsen the finances of financial institutions, the bank said. "We will restart the work after the strategic investors release their third-quarter report," said Li Jie, another vice-president of the bank. The bank is a target for foreign investors given its low share price and large scale. It said earlier it will reserve a 20 percent stake for foreign strategic investors and would like to pick investors that can hold the bank's stakes for a long time. The bank disclosed that Industrial Bank from France showed interest to invest in it, but the French banking scandal hindered talks. It will restart inviting strategic investors after its Shanghai listing, the bank said. The bank is 24.16-percent-owned by China Everbright Group and 21.4-percent-owned by Hong Kong-listed China Everbright Ltd.
TOKYO, May 7 (Xinhua) -- Chinese President Hu Jintao and Japanese Prime Minister Yasuo Fukuda signed here Wednesday a six-point Sino-Japanese joint statement on all-round promotion of their strategic and mutually beneficial relations. BILATERAL RELATIONS Both sides agree that the Sino-Japanese relationship is one of the most important bilateral ties for both countries. China and Japan have great influence and shoulder solemn responsibilities for peace, stability and development in the Asia-Pacific region and the world at large. Long-term peaceful and friendly cooperation is the only choice of the two countries. Both sides are dedicated to promoting a strategic and mutually beneficial relationship in an all-round way to realize the lofty goal of peaceful coexistence, friendship from generation to generation, mutually beneficial cooperation and common development. Chinese President Hu Jintao (L) shakes hands with Japanese Prime Minister Yasuo Fukuda after they signed a joint statement in Tokyo, capital of Japan, May 7, 2008. Visiting Chinese President Hu Jintao and Japanese Prime Minister Yasuo Fukuda signed the Sino-Japanese joint statement on advancing strategic and mutually beneficial relations on May 7. POLITICAL BASIS FOR STABLE DEVELOPMENT OF RELATIONS Both sides reiterate that the China-Japan Joint Statement issued on Sept. 29, 1972, the China-Japan Treaty of Peace and Friendship signed on Aug. 12, 1978, and the China-Japan Joint Declaration released on Nov. 26, 1998 constitute the political basis for the stable development of Sino-Japanese relations and the opening up of a bright future. The two sides reaffirm their continuous adherence to the consensus reached in joint press communiques between Oct. 8, 2006 and April 11, 2007 and their commitment for the comprehensive implementation of the consensus. NEW SITUATION OF SINO-JAPANESE RELATIONS The two sides agree to face history squarely, look forward to the future and make continuous joint effort to open up new prospect in their strategic mutually beneficial relations. The two sides will continue to build up mutual understanding and trust, expand mutually beneficial cooperation, and make sure that the future development of Sino-Japanese relations conforms with the trend of the world's development, and jointly create a bright future for Asia-Pacific region and the world at large. COOPERATIVE PARTNERSHIP The two countries reaffirm that they are cooperation partners, with neither side posing threat to the other. Both countries reiterate that they will support each other in its peaceful development and both are convinced that China and Japan, with both countries committed to peace and development, will bring enormous opportunities and benefits to Asia and the world. Japan highly evaluates China's development since its reforms and opening-up and its commitment to contribute to building a world of lasting peace and common prosperity. While China speaks highly of Japan's adherence to the path of a peaceful country in the past six decades and more since World War II and its contribution, through peaceful means, to world peace and stability. Both sides agree to strengthen dialogue and communication on the U.N. reform and seek more consensus. China values Japan's status and role in the United Nations and is willing to see Japan play a bigger and more constructive role in international affairs. ISSUE OF TAIWAN Japan reiterates adherence to its stance declared in the Japanese-Sino Joint Statement on the Taiwan issue. ALL-AROUND COOPERATION Both sides agree to a mechanism for high-level regular visits between leaders of the two nations, strengthen communication and dialogue between the governments, parliaments and political parties of the two countries, enhance exchange of views on bilateral ties, domestic and foreign policies, and the world situation. The two sides will also increase the exchange of high-level visits in the security sector to promote mutual understanding and trust. The two sides pledge to expand the exchanges of media, sister cities, sports and civilian groups between the two countries, and consistently promote exchanges of youngsters in a bid to enhance mutual understanding between the two peoples. Both sides decide to strengthen mutually beneficial cooperation in various fields, including energy, environment, trade, investment, information and communication technology, finance, food and product safety, protection of intellectual property rightand business environment. They are also keen on the development of bilateral cooperation in farming, forestry, fishery, transportation, tourism, water resources, medical care and others sectors. Japan and China will make an effective use of the summit economic talks between the two countries proceeding from a strategic perspective. The two nations also pledge to work together and make the East China Sea a sea of peace, cooperation and friendship. The two sides agree that China and Japan, as two important countries in the Asia-Pacific region, will keep close communication over regional affairs and strengthen coordination and cooperation. The two sides decide to jointly safeguard peace and stability in Northeast Asia and facilitate the process of six party-talks. The two sides agree that the normalization of relations between Japan and the Democratic People's Republic of Korea is of great significance for peace and stability in Northeast Asia. China welcomes and supports the two countries efforts to resolve relevant issues and realize normalization of their bilateral ties. The two sides agree to promote regional cooperation in East Asia and contribute to building a peaceful, prosperous, stable and open Asia in line with the principle of opening-up, transparency and tolerance. Noting that they bear greater responsibilities for world peace and development in the 21st century, the two countries are ready to enhance coordination over important international issues in a joint effort to build a world of lasting peace and common prosperity. The two sides decide to cooperate in coping with climate change after 2012 within the framework of the United Nations Framework Convention on Climate Change and in line with the principle of "common but differentiated responsibilities and respective capabilities" and the Bali Roadmap.

BEIJING, Oct. 12 (Xinhua) -- China's quality watchdog said here on Sunday that the latest tests on Chinese milk powder found no traces of melamine. It was the fourth round of tests for the industrial chemical since the breaking of the tainted baby formula scandal that left at least three infants dead and sickened more than 50,000 others, according to the General Administration of Quality Supervision, Inspection and Quarantine. The tests covered 39 batches of baby formula from 10 brands in six provinces and 133 batches of other milk powder from 45 brands in 18 provinces, the agency said. So far, 499 batches of baby formula from 53 brands and 709 batches of other milk powder from 142 brands produced after Sept. 14 have been tested and none contained melamine, it added. Melamine, often used in the manufacturing of plastics, was added to sub-standard or diluted milk to make the protein levels appear higher.
UNITED NATIONS, Sept. 25 (Xinhua) -- Chinese Premier Wen Jiabao met here Thursday with Bill Gates, chairman of Bill & Gates Foundation, to discuss issues concerning development and poverty alleviation. During their talks on the sidelines of the a high-level U.N. meeting for Millennium Development Goals (MDGs), Wen expressed appreciation over Gates' long-term efforts for promoting settlement of issues concerning development. The current turbulence in the international economic and financial situation, sharp increases in oil prices and food supplyshortage have made things more difficult for poor countries, Wen said. Chinese Premier Wen Jiabao(R) shakes hands with Bill Gates, chairman of Bill & Gates Foundation during their talks on the sidelines of the a high-level UN meeting for Millennium Development Goals (MDGs) in New York, the United States, on Sept. 25, 2008. He added the high-level U.N. meeting for the MDGs has been held at the right time, and it is necessary for all the parties to seriously evaluate the implementation of the MDGs and to increase aid for poor countries. Expressing admiration for the efforts that China has made in solving problems in development, Gates, Microsoft founder, said his foundation would like to enhance cooperation with China in launching programs for providing assistance for poor areas and for disease control and prevention in Africa.
BEIJING, Sept. 1 (Xinhua) -- Along with more than 3,000 teachers and students, Premier Wen Jiabao attended the opening of a temporary middle school in southwest China's quake zone as the new semester started on Monday. Beichuan Middle School was among the hardest-hit schools in the May 12 earthquake. Wen visited students and teachers at the school three times prior to the Monday event. Chinese Premier Wen Jiabao (R front) attends the opening of the temporary site of Beichuan Middle School located in the courtyard of the Changhong training center in Mianyang, China's quake-hit Sichuan Province, Sept. 1, 2008. A new semester started on Monday. Following the flag raising and national anthem, Wen said: "Students and teachers, it's been exactly 110 days since the May 12 earthquake. Beichuan survives, and the Beichuan Middle School survives. We stand on our own feet, tough and unafraid. "The quake brought considerable misfortunes, and it brought experience and strength, too. Now we know one thing, and it's that as long as we choose to confront adversity with courage, we will surely overcome any disaster. "As we hold this ceremony, we can never forget the students and teachers who died in the disaster ... I hope all of you at the school will win respect and pride with hard work and tough spirits. I believe you can do it." The temporary Beichuan Middle School is located in the courtyard of the Changhong training center in Sichuan's Mianyang City. Chinese Premier Wen Jiabao (4th L) attends the opening of the temporary site of Beichuan Middle School located in the courtyard of the Changhong training center in Mianyang, China's quake-hit Sichuan Province, Sept. 1, 2008 Upon departure, Wen told teacher Li Jun to give his best regards to those of Li's students who took this year's college entrance exams in tents. Among the 69 students in Li's class, more than 50 went to college. The May 12 earthquake killed more than 69,000 people with nearly 18,000 still missing. Chinese Premier Wen Jiabao (L front) attends the opening of the temporary site of Beichuan Middle School located in the courtyard of the Changhong training center in Mianyang, China's quake-hit Sichuan Province, Sept. 1, 2008Meanwhile, a 6.1-magnitude tremor on Saturday forced the suspension of classes at some primary and middle schools in Sichuan and neighboring Yunnan Province. At least 40 people were killed. The municipal government of hard-hit Panzhihua City, Sichuan announced on Monday that schools and kindergartens would not open for another week
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