Chinese premier urges Malaysia to provide MH370 details
                 English.news.cn | 2014-03-25 21:28:20 | Editor: Zhu Ningzhu

BEIJING, March 25 (Xinhua) -- Chinese Premier Li Keqiang on Tuesday urged Malaysia to provide detailed and accurate information about the missing Malaysia Airlines Flight MH370.

The Malaysian side should strictly comply with international conventions, continue to coordinate the international search, and absorb Chinese experts to join the in-depth investigation, Li said while presiding over a meeting of the State Council, or the Cabinet.

The premier said he can feel the heart-wrenching grief passengers' relatives are suffering, adding that search and rescue is still the top priority.

He pledged to spare no efforts in the search for the missing plane and safeguard the lawful rights and interests of Chinese nationals.

Medical services and legal aid should be offered to the passengers' relatives to ensure their physical and psychological health, Li added.

At the meeting, the premier also urged healthy development of the country's capital market through reforms and innovation.

A sound capital market provides more channels for investment and financing, as well as improving financing structure, modern corporate governance and risk management, Li said.

He stressed solid reforms in the registration system of stock issuance, faster building of the multi-tier equity market, more market-oriented mergers and better delisting provision, so as to enhance listed companies' benefits and their capacities to offer continuous investment return.

The bond market shall be regulated with diversified bonds for different investors and stricter credit supervision and management, while the futures market will see more bulk commodity futures and further development of treasury bond futures, Li said.

China plans to foster the private equity market and set no administrative approvals for legal and qualified private offering, while encouraging investment funds to support smaller enterprises and innovations in technological productions and services.

The premier also urged easier access for intermediaries and professional investors and a smooth path for Internet finance.

The capital market will open wider to investors from both home and abroad, with improved laws and policies for early warning and management of risk and harsher punishments against illegal operations like false statements, insider dealing and market manipulation, Li added.

Meanwhile, the premier also pledged to inject more funds and let the market play a bigger role in reforming its medical sector.

The country will work to establish a universal medical insurance system, speed up reform in public hospitals, and relax market entry requirements for the private sector to build health institutions in an orderly manner, he said.

The State Council has vowed to improve its essential medicines system and regulate the circulation of medicine by cracking down on criminal offences and disciplinary violations and controlling the price of drugs.

Essential medicines refer to those which satisfy healthcare needs and which must be made available to the public at all times in adequate amounts and in appropriate dosage forms, at a price the public can afford.

Related:

China sending special envoy to Malaysia over MH370

THE HAGUE, March 25 (Xinhua) -- Chinese President Xi Jinping ordered here Monday to send a special envoy to Kuala Lumpur to deal with the matter of missing Malaysia Airlines Flight MH370.

Xi, who was in The Hague for the third Nuclear Security Summit, has been closely following the search and rescue mission for the ill-fated flight, which disappeared early March 8 with 239 people on board, including 154 Chinese passengers. Full story

Malaysia pledges to do "whatever it takes" to find MH370 debris

KUALA LUMPUR, March 25 (Xinhua) -- Malaysia pledged Tuesday to do "whatever it takes" to find the debris of missing Malaysia Airlines Flight MH370.

"As the search for MH370 continues, we remain focused on narrowing the search area," acting Transport Minister Hishammuddin Hussein said at a press conference. Full story

MH370 ends in southern Indian Ocean: Malaysian PM

KUALA LUMPUR, March 24 (Xinhua) -- New analysis of statellite data suggested that the missing Malaysia Airlines Flight MH370 "ended" in the southern Indian Ocean, said Malaysian Prime Minister Najib Razak on Monday.Full story

Malaysia Airlines points to reality "we must accept"

KUALA LUMPUR, March 25 (Xinhua) -- Malaysian Prime Minister Najib Razak's announcement that missing Malaysia Airlines Flight MH370 ended in the southern Indian Ocean is reality "we must accept," CEO Ahmad Jauhari Yahya said Tuesday.

Also speaking at a press conference, chairman Tan Sri Md Nor Yusof said analysis and "rational deduction" have led to the belief that there were no survivors on the plane, which disappeared in the early hours of March 8 en route from Kuala Lumpur to Beijing with 239 people on board.Full story

China promises support to MH370 relatives

BEIJING, March 25 (Xinhua) -- China on Tuesday has promised support for relatives of passengers after Malaysia announced missing Flight MH370 had crashed in the southern Indian Ocean.

The Chinese government has sent personnel to provide psychological support and legal aid to relatives of passengers in Beijing's Metro Park Lido Hotel, Foreign Ministry spokesman Hong Lei said at a daily news briefing. Full story

China demands information on MH370

BEIJING, March 25 (Xinhua) -- China on Tuesday urged international organizations and related countries to provide information that may help in the search for missing Malaysia Airlines Flight MH370.

"It is an international search. China hopes international organizations and countries will provide Malaysia and China with valuable information to help us conduct better targeted search work," said Foreign Ministry spokesman Hong Lei. Full story

Australian DM says doing everything to locate MH370 debris

PERTH, Australia, March 25 (Xinhua) -- Australian Defence Minister David Johnston said Tuesday that his country is "doing everything we can" to search for debris of missing Malaysia Airlines Flight MH370.

Everything is speculative until the debris is found, he told reporters, adding that no confirmed debris has been recovered yet.Full story

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