BEIJING, Nov. 1 (Xinhua) -- Ten Chinese financial institutions, mostly banks, have conducted the first batch of credit default swap (CDS) transactions.

A total of 15 transactions were made in the interbank market with a combined nominal principal at 300 million yuan (nearly 45 million U.S. dollars) on Monday, the National Association of Financial Market Institutional Investors said Tuesday in an online statement.

The "Big Four," China's four largest state-owned banks, and major commercial banks were among the institutions.

In one or two year terms, the transactions covered oil, electricity, water, coal, telecommunication, food and aviation.

CDS is a credit derivative product used to control risk from bond defaults which are increasing due to a prolonged economic downturn.

The demand for CDS is increasing as default risks grow, a report from China Bond Rating Co. said.

China's Dongbei Special Steel went bankrupt last month after failing to repay its debts of several billion yuan nine times.

YANGON Cheap New England Patriots Jerseys , June 8 (Xinhua) -- Myanmar State Counselor Aung San Suu Kyi has pledged the country's continued active participation in the BIMSTEC region's integration process to fulfill the objectives of the organization and to meet the aspiration of the people of the region.

The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) groups Bangladesh, India, Myanmar, Sri Lanka, Thailand Duke Dawson Patriots Jersey , Nepal and Bhutan.

Suu Kyi made the remarks in her message on the occasion of the 20th anniversary of the establishment of BIMSTEC, which was published Thursday.

Congratulating BIMSTEC for its progress made since its inception 20 years ago, Suu Kyi stressed that there is still much remaining to be done by the region's governments and peoples to achieve their goals of peace, progress and prosperity, believing that all these challenges can be overcome.

Myanmar lies at a geographical position as a land bridge between South Asia and South East Asia.

BIMSTEC began by promoting cooperation and it is now striving for integration.

As a market of 1.5 billion people with a combined gross domestic product of 2.5 trillion U.S. dollars Sony Michel Patriots Jersey , BIMSTEC offers tremendous potential for economic and social development of the region, Suu Kyi added.

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WUHAN, Sept. 22 (Xinhua) -- Police caught six tomb raiders who learned fengshui and used it to locate and loot tombs in the central Chinese provinces of Hubei and Hunan Isaiah Wynn Patriots Jersey , authorities said Friday.

The "master tomb raider", identified only as Ye, was able to look at a site and determine the best place to dig by applying fengshui, a traditional Chinese study of geomantic omens used to find auspicious locations for buildings and cemeteries.

Ye, 44 Devin McCourty Patriots Jersey , was once sentenced to 10 years in prison for theft and robbery. He learned knowledge of fengshui in prison, where one of the inmates told him raiding tombs was profitable.

After he was released from prison he purchased tools online, such as a Luoyang shovel, and organized a tomb-raiding group.

The police investigation started in May when they received information that people had raided a Chu State tomb from China's Warring States Period (475 to 221 B.C.).

The police then targeted a six-man raiding group. By September, the suspects were caught by police.

According to Wuhan police Stephen Gostkowski Patriots Jersey , they seized and retrieved six cultural relics, including a bronze mirror with a diameter of 50 centimeters, the largest mirror ever unearthed in the city.

The police said that the tomb raiders had looted three tombs in Hubei, but did not disclose how many tombs they had raided in neighboring Hunan, with the investigation ongoing.

Chinese tomb raiders can make good money Dont'a Hightower Patriots Jersey , as wealthy people in China used to be buried with treasure such as gold, silverware and jade in the hope of enjoying an affluent afterlife.

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