Business -- June 20, 2006

• Bank of China prices its A-shares within 3.05-3.15 yuan range
• China's Social Security Fund reports 24 pct growth in asset value
• China to launch experimental project of UHV grids
• Chinese Premier's Africa tour boosts bilateral investment
• China's central bank move to further curb lending binge

• China stops construction of power stations with capacity of 34 million kw
• China to introduce compulsory motor insurance from July
• Fruits from ASEAN countries take root in S. China
• Hong Kong's composite interest rate rises to 3.39 percent in May
• Indonesia's airlines plans to purchase 22 planes

• Macao, Belgium sign double-taxation exemption agreement
• Nokia, Siemens to merge mobile network operations
• Oil prices fall below 69 dollars
• Russia's Gazprom signs gas deal with Denmark
• Social Security Fund to invest 18 bln yuan in state bank

• Shenhua Group begins to install coal-to-liquid devices