HIGHEST SOLAR POWER STATION: A photovoltaic power station in Ngari Prefecture, Tibet Autonomous Region, which started construction on July 1, 2012, is put on pilot run (JIANG XIANPING)

Investment Quota

China should increase the qualification and quota for Qualified Domestic Institutional Investors (QDIIs) and Qualified Foreign Institutional Investors (QFIIs) to help them with their activities, Zhou Xiaochuan, Governor of the People's Bank of China, the country's central bank, said on November 26.

Administrative approval procedures for QDII and QFII qualification and quota shall be eliminated "when conditions are ripe," Zhou said at the third Sino-French Financial Forum.

In 2002, China launched its QFII scheme to allow licensed foreign investors to use offshore yuan for investing in the country's capital market.

The QDII scheme was launched in 2006 to allow domestic funds to be invested abroad.

Overseas Subsidiary

The Commercial Aircraft Corp. of China (COMAC) on November 23 opened its first wholly owned overseas subsidiary in the U.S. city of Newport Beach, South California.

The COMAC America Corp. aims to further its relationship with local civil aviation authorities, aerospace companies and academic institutions, mainly in areas such as airworthiness certification, civil aircraft development and educational training, said Jin Zhuanglong, Chairman of COMAC.

Jin said that the COMAC has actively established collaboration with various enterprises and organizations from different countries.

"Up to now, we've formed strategic partnerships with altogether 16 renowned international aerospace enterprises as suppliers to our C919 aircraft, including GE (General Electric Co.), UTC (United Technologies Corp.) and Honeywell," he said.

"Various universities in the United States have provided training programs to COMAC, and we have collaborated with Boeing on energy saving programs," Jin added.