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TAIPEI, Dec. 14 (Xinhua) -- Chiang Pin-kung, chairman of Taiwan's Straits Exchange Foundation (SEF), has called for calm response to the upcoming cross-Strait talks.     The SEF and the mainland's Association for Relations Across the Taiwan Straits (ARATS) plan to hold new round of talks in Taiwan's Taichung city on Dec. 22.     Chiang said issues to be discussed during the talks included labor cooperation in the fishing industry, cooperation in inspection and quarantine of agricultural products and standard measurement authentication and avoidance of double taxation.     Those issues were closely related to the health and benefits of people across the Strait, he said, adding that he hoped agreements could be reached to improve the foundation of cross-Strait relations.     It is the fourth round of talks since the SEF and the ARATS resumed negotiations in June last year following a 10-year suspension.

HUA HIN, Thailand, Oct. 24 (Xinhua) -- Chinese Premier Wen Jiabao on Saturday proposed strengthening cooperation between the Association of Southeast Asian Nations (ASEAN) and China, Japan and South Korea to combat the global financial crisis. "Tackling the global financial crisis should remain the top priority for countries in the region at present," Wen said at the 12th summit between ASEAN and China, Japan and South Korea (ASEAN Plus Three) at the Thai beach resort of Hua Hin.     The countries within the ASEAN Plus Three system should further promote integration, peace and prosperity in the region by launching concrete cooperation efforts, he added. Chinese Premier Wen Jiabao (7th L) and other leaders pose for a group photo during the 12th summit between ASEAN and China, Japan and South Korea (10+3) in Hua Hin, Thailand, on Oct. 24, 2009.    Wen said steadfast efforts should be made to tackle the global financial crisis, and appropriate fiscal and monetary policies should continue to be adopted to promote stable economic growth.     Wen said he hoped the Chiang Mai Initiative Multilateralization (CMIM), a 120-billion-U.S.-dollar regional reserve pool aimed at providing emergency liquidity for countries in financial crisis, could be launched by the end of this year.     He pledged 200 million dollars to the region's credit guarantee and investment fund.     Countries in the region should also step up efforts to develop the Asian bond market, he said.     On trade and investment within the region, Wen proposed streamlining customs clearance and investment approval procedures and expanding support for small and medium-sized enterprises.     Countries in the region should take measures to move toward an East Asia Free Trade Area step by step through the ASEAN Plus One and the ASEAN Plus Three mechanisms, Wen said.     China was willing to take the lead in promoting economic and trade cooperation among the countries in the ASEAN Plus Three system, he said.     Wen also proposed measures aimed at boosting interconnection and intercommunication, common development and the overall competitiveness of the region.     Leaders at the summit agreed that countries in the region needed to strengthen exchanges and cooperation in fields including trade, finance, energy, food security and disaster prevention and mitigation.     Coordination should also be enhanced on issues such as climate change and the reform of the international financial system, they said.     Wen arrived at Thailand on Friday to attend a series of meetings related to ASEAN, which groups Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Vietnam, and the summits' host, Thailand.

BEIJING, Nov. 28 (Xinhua) -- Chinese President Hu Jintao has urged unswerving efforts to improve the building of the Communist Party of China (CPC) to secure the Party's role as the steel core of the country's leadership.     Hu, also general secretary of the CPC Central Committee, made the call at a group study of the members of the Political Bureau of the CPC Central Committee on Friday.     With more than 75 million members and 3.7 million grassroots organizations, the CPC shoulders a tough task of Party building and management to lead the country's 1.3 billion people in economic and social development, Hu said.     To promote a democratic and scientific decision-making mechanism for the Party and government is a crucial task for the Party, he said.     In an era of great development and major transformation, Hu stressed, the CPC is facing long-term, complex and severe tests of challenges it would encounter as a ruling party in the process of reform, opening up, and implementation of market economy.     To improve Party building is also an urgent requirement of coping with the international financial crisis and maintaining the country's economic growth, Hu said.     He urged CPC organizations at all levels to promote organizational construction, improve regulations and fight against corruption.     The Party should also establish and improve an institutional system based on the Party's Constitution and the principles of democratic centralism...and ensure the Party's unity and strengthen the Party's vigor of innovation, Hu said.

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BEIJING, Jan. 4 -- China International Capital Corp (CICC) topped the rankings of the underwriters of China's initial public offerings (IPOs) in 2009, making an estimated 1.23 billion yuan from fees, Bloomberg data showed.     The earning of the country's largest investment bank was boosted by underwriting the China State Construction Engineering Corp's 50.1 billion yuan IPO, the world's second-largest in 2009. CICC also took two other heavyweight companies public, China Shipbuilding Co Ltd and China CNR Co Ltd, raising 14.7 billion yuan and 13.9 billion yuan respectively.     CITIC Securities, the top underwriter in 2008, fell to the No 2 spot in the ranking, making 855 million yuan from IPO deals totaling 28.7 billion yuan, according to Bloomberg data. The third slot went to Orient Securities, which earned 258 million yuan from IPO deals worth 11.9 bllion yuan.     IPOs are among the most lucrative advisory businesses for Chinese securities firms as China has witnessed an IPO boom since it reopened the market last June after a 10-month halt blamed on the widespread global credit crunch.     Chinese securities companies saw an exponential growth in their revenues from the IPO business, making a total of 4.76 billion yuan from underwriting fees, doubling the 2.35 billion yuan in 2008. But the earnings still lagged far behind the 7.61 billion yuan made during the pre-crisis period in 2007.     Last year, 43 Chinese securities firms helped 111 companies go public on the mainland's A-share market, raising 202.2 billion yuan. The value of the IPO deals taken by the top 10 underwriters accounted for more than 70 percent of the total IPO values.     Market insiders said the IPOs of heavyweight companies will remain the target for large investment bank and securities companies such as CICC and CITIC Securities next year while small and medium securities companies will make start-up board ChiNext their primary focus.     Stock prices of listed securities companies soared sharply in the past two weeks, mainly stimulated by unconfirmed reports that China's State Council has given the final nod for the introduction of index futures in 2010.     Analysts said Chinese securities companies would likely see a surge in revenues this year after the regulators announce a clear timetable for the launch of the index futures, margin trading and short selling.     "The new products will certainly boost the earnings and valuations of the brokerage stocks," said Cheng Binbin, an analyst with Qilu Securities "It not only means strong profit growth for securities firms in the future but also a gradual transition toward a more risk-diversified business model."     It is forecast that margin trading and short selling will likely contribute 9.41 to 14.3 billion yuan in revenues of securities companies in 2010 while index futures will contribute 5.76 to 6.34 billion yuan.     The net profit of China's brokerage industry may reach 90 billion yuan in 2009, a year-on-year increase of 90 percent, according to an estimate by Guotai Junan Securities.     Meanwhile, foreign banks also grabbed a share of the lucrative pie of China's booming capital market last year with Swiss bank UBS ranked the largest underwriter of Chinese overseas IPOs. The bank contracted 8 million in underwriting fees from Chinese companies that sought IPOs in the Hong Kong market, worth a total of billion last year, Bloomberg data showed.     Mergers and acquisitions (M&As) made by the Chinese companies remained the traditional cash cow for foreign investment banks in 2009. Morgan Stanley was the No 1 financial advisor in M&A deals worth .9 billion on the Chinese mainland and Hong Kong, according to Bloomberg data.     The largest M&A deal in 2009 made by a Chinese company was the .5 billion acquisition of Swiss oil company Addax Petroleum by China's largest oil refiner, Sinopec.

HUA HIN, Thailand, Oct. 26 (Xinhua) -- With a delighted and relieved smile, Chinese Premier Wen Jiabao waved to the crowd on Sunday at the airport in Thai resort Hua Hin before he left for home.     The premier has successfully finished his visit to Thailand after attending a series of summit meetings related to the Association of Southeast Asian Nations (ASEAN) during the past three days. China's Premier Wen Jiabao (L Front) arrives in Hua Hin, Thailand, Oct. 23, 2009 for a series of meetings related to the Association of Southeast Asian NationsThis is Wen's second visit to this country in 2009. Half a year ago, despite extreme political turbulence in Thailand, Wen decided to attend the ASEAN summits in Pattaya in a bid to show China's sincerity to the world.     During the 22 hours in Pattaya, Wen used all possible chances to hold talks with the leaders at the summits and meet journalists, transmitting China's determination and confidence in overcoming the global financial crisis and pushing forward East Asia cooperation. Chinese Premier Wen Jiabao (C) meets the press in Hua Hin, Thailand, Oct. 23, 2009. Wen had been deeply convinced that enhancing cooperation and working together to overcome the difficulties of the time were in accord with the fundamental interests of East Asian peoples.     Once we had sincerity, determination and confidence, the hope would not be dashed, the premier said.     During the following six months, the Chinese government decided to set up a 10-billion-U.S. dollar China-ASEAN investment cooperation fund, establish the China-ASEAN Free Trade Area, and provide financial support to ASEAN countries. Trade between China and ASEAN has entered into the period of recovery since September. Chinese Premier Wen Jiabao has a working lunch with leaders attending the fourth East Asia Summit in the southern Thai resort town of Hua Hin, Oct. 25, 2009At the Oct. 23-25 Hua Hin summits, Wen brought not only good news of China's economic rebound, but also a six-point proposal for strengthening cooperation between China and ASEAN, which included building an economic cooperation zone and boosting cooperation in such sectors as investment, agriculture, intellectual property rights, infrastructure construction and culture.     Wen emphasized that challenge could turn into opportunity, cooperation could bring strength, while innovation could contribute to success.     The blueprint of East Asia cooperation would be better, he said, adding that the hope is just like "an imperishable lighthouse," which leads the East Asian people amid ups and downs.     Mutual respect and trust constitute the foundation for cooperation. Wen held a series of meetings with leaders of other countries during the ASEAN summits, with his meetings with Indian Prime Minister Manmohan Singh and Australian Prime Minister Kevin Rudd having been widely followed. Chinese Premier Wen Jiabao (R) meets with Indian Prime Minister Manmohan Singh in Hua Hin, Thailand, on Oct. 24, 2009. Wen arrived here on Friday evening to attend the summit meetings of the Association of Southeast Asian Nations (ASEAN) with its partnersWen and Singh have confirmed their strong willingness for common and harmonious development between the two sides during their talks.     Maintaining good-neighborly and friendly relations as well as mutual beneficial cooperation between the two big developing countries would not only benefit both peoples, but also bring hope for Asia and the world, the two leaders said. Chinese Premier Wen Jiabao (R) meets with Australian Prime Minister Kevin Rudd in Hua Hin, Thailand, October 24, 2009. Wen Jiabao and Kevin Rudd are here to attend a series of leaders' meeting related to the Association of Southeast Asian Nations (ASEANAlthough China and Australia have different political systems, levels of economic development, historical and cultural background, common interests had led to an increasingly close relationship between the two Asia-Pacific powers.     The talks between Wen and Rudd had shown that there would be no unconquerable difficulties as long as the two sides treated each other with mutual respect and pursued win-win cooperation.     Establishing an East Asian Community is the common desire of the people in the region, though the path toward realizing the goal will be long and bumpy.     China will sincerely, firmly, actively and effectively engage in pushing forward the integration of East Asia.     Half a century ago, together with India and Myanmar, China proposed the Five Principles of Peaceful Coexistence, advocating for mutual respect, equal treatment and friendly cooperation among all nations. In the early 1990s, China initiated the cooperation between ASEAN and itself. In the aftermath of the Asian financial crisis, the regional cooperation in East Asia began to pick up in pace.     Wen firmly expressed at the Hua Hin summits that China would work with East Asian nations toward realizing the long-term goal of establishing the East Asian Community.     The clouds of the international financial crisis remain overhead. However, consensus and hopes are in the making among the members of East Asia, shining as an ever-bright lighthouse and leading the way to a more promising future.

GUANGZHOU, Nov. 1 (Xinhua) -- China is to maintain basic stability and continuity in the economic policies and RMB exchange rate to ensure a foreseeable prospect for its businesses.     Minister of Commerce Chen Deming made the remarks Sunday at the Canton Fair, an important barometer of China's foreign trade, in Guangzhou City, capital of southern Guangdong Province.     In the following months, China would maintain stability of the macro-economic policies, stick to the proactive fiscal policy and moderately easy monetary policy, Chen said.     Meanwhile, the RMB exchange rate should also maintain relatively stable so that domestic manufacturers and exporters can better predict and adjust to the market, Chen added.     Chen said the number of participants to the fair and the trade volume showed China's foreign trade was recovering, but uncertainties remained.     Chen urged Chinese enterprises to enhance their competitiveness with better quality and lower cost by technological upgrading and restructuring. "Next year, our focus will be on the quality of export products," he said.     "Enhancing competitiveness with better product quality and brand-building is also an effective way of avoiding trade protectionism," Chen added.     In the previous three quarters this year, 19 countries and regions have launched 88 trade remedy investigations against Chinese goods, totaling 10.2 billion U.S. dollars.     "In addition to the recovering export, China's import is also on the rise, contributing significantly to the recovery of the world economy," Chen said.

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SHANGHAI, Nov. 15 (Xinhua) -- U.S. President Barack Obama arrived in China's economic hub Shanghai on Sunday night, starting a state visit to China.     Air Force One touched down at the Shanghai Pudong International Airport in heavy rain at about 23:10.     This is Obama's first state visit to China since he assumed the presidency in January. He is also the first U.S. president who paid a state visit to China within one year in office.     This year marks the 30th anniversary of diplomatic ties between the People's Republic of China and the United States.     U.S. Secretary of State Hillary Clinton, Permanent Representative to the United Nations Susan Rice and National Security Advisor James Jones also arrived in Shanghai Sunday night. U.S. President Barack Obama arrives in Shanghai on Nov. 15, 2009 to begin his first state visit to ChinaPresident Obama will meet with local officials on Monday and have a dialogue with Chinese youth, during which he is supposed to answer questions from netizens via Xinhuanet, a news website of the Xinhua News Agency on Monday.     He will leave Shanghai Monday afternoon for Beijing, where he will hold talks with Chinese President Hu Jintao and meet with other Chinese leaders.     Leaders of the two countries are expected to discuss bilateral ties and major international and regional issues of common concern, according to diplomatic sources. A girl presents a bouquet to U.S. President Barack Obama after he arrives at Shanghai Pudong International Airport on Nov. 15, 2009Presidents of the two countries have met several times since Obama took office.     They agreed to forge positive, cooperative and comprehensive ties in the 21st century during their first meeting on the sidelines of the Group of 20 financial summit in London in April and pledged to further such relations in another meeting five months later in New York.     Obama's visit to China will be of great significance for the development of Sino-U.S. ties in the new era, Chinese Foreign Minister Yang Jiechi said Saturday.

BEIJING, Jan. 7 -- China's central bank Wednesday said it will manage inflation expectations and keep a close watch on the property market through its credit and money supply policies.     In a statement on its website, the People's Bank of China (PBOC) said it would try to maintain ample liquidity in the financial system, and ask banks to lend more evenly, while strictly implementing credit policies in the property sector.     The nation will also take steps to rein in fast-rising property prices and strengthen credit controls for the sector, according to Housing and Urban-Rural Development Minister Jiang Weixin. A customer checking out a model of a real estate project in Shenzhen, Guangdong province. Property prices in China's 70 major cities rose at the fastest pace in 16 months in November    "We should scrap or adjust local property policies launched last year that no longer comply with the current macroeconomic goals," Jiang said.     According to Dong Chen, director of the research institute of Southwest Securities, the government moves on real estate policies indicate that while policymakers are striving to cement the economic rebound, they are also serious in curbing the excessive liquidity in the financial system to allay fears of asset bubbles and inflation.     Property prices in China's 70 major cities rose at the fastest pace in 16 months in November, fueling concern that record lending and inflows of capital from abroad are building up asset bubbles.     "Credit policy is the key to curb the rising property prices, as it would have a direct impact on transaction volumes," said Su Xuejing, an analyst with Changjiang Securities.     "We anticipate more policy tightening in the future like increasing the down payment and mortgage rates for second-home buyers," he said.     Shanghai Securities News said on Tuesday that the government plans to expand trials of a real estate tax, citing an unidentified person close to the State Administration of Taxation.     The anticipated policy changes have also affected the capital market performance of leading realtors. Shares of China Vanke Co, the country's largest listed property developer, have fallen more than 12 percent in the past month on concerns that the measures to cool the property market would impact earnings. Poly Real Estate Group Co, the second largest real estate firm, also saw its shares fall to a four-month low.     Meanwhile, a report from UK real estate service provider Savills said that the tighter credit policies and soaring realty prices have spurred property sales by international investors. Many of the investors had acquired the properties several years back and have been able to get handsome returns now, it said.     "Sales by foreign investors increased from 7 percent in 2008 to 20 percent in 2009," said the report.

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BEIJING, Dec. 27 (Xinhua) -- China would not yield to pressure for the appreciation of its currency yuan, or renminbi, in any form, Chinese Premier Wen Jiabao said Sunday.     "A stable Chinese currency is conducive to the international community," Wen told Xinhua in an exclusive interview.

RABAT, Jan. 11 (Xinhua) -- Chinese Foreign Minister Yang Jiechi, who is on a five-nation African tour, held talks Monday with his Moroccan counterpart Taieb Fassi Fihri on ways to upgrade relations between the two countries.     The two spoke highly of the abundant achievements that have been made in bilateral cooperation in various fields, mainly in politics, economy and trade, culture and health, since the establishment of diplomatic ties 52 years ago, an official press release gained by Xinhua said.     It said the two ministers agreed to continuously promote the upgrading of China-Morocco friendly ties by enhancing political mutual trust, deepening cooperation, expand people-to-people exchanges and strengthening coordination in international and regional issues.     After the talks, the two top diplomats signed a China-Morocco joint communique on Morocco's recognition of China's market economy status.     Yang is on his first official foreign visit of the year that includes five African nations, namely Kenya, Nigeria, Sierra Leone, Algeria and Morocco, as well as Saudi Arabia.     It has been China's tradition for 20 years that its foreign minister visits Africa in the beginning of the year.