Welcome to the Beijing Hour, coming to you live from the Chinese Capital.

Coming up on our program this morning...

Chinese authorities vow to crack down on illicit trading, as hundreds of companies resume trading following weeks of market volatility...

scholars and experts say Thailand's repatriation of over 100 illegal immigrants to China conformed with international practices and laws...

A glimmer of optimism on Sunday from the talks surrounding the Greek debt crisis, but no financial bailout plan to announce just yet...

In Business...clamping down on the monthly paychecks of senior executives at Chinese state-owned companies...

In Sports...the #1 men's tennis player wins his third Wimbledon title...

In entertainment...an animated film based on the Monkey King stories opens strong in China...

Top NewsChina to bust illicit securities tradingAnchorEyes are on the Chinese stock market as more than 300 companies have announced resumption of trading today, a move believed to further boost investors' confidence in the volatile market.

CRI's Niu Honglin has more.

ReporterOver 360 companies announced last night they will resume trading on Monday, marking the highest number of resumptions in a single day in recent weeks.

Most of the companies say the decision was made as major shareholders increased holdings and company leaders came up with measures to stabilize stock prices under the central government's series of prop-up measures.

In the meantime, China's securities regulator has issued a statement, vowing to strictly crack down on illicit securities trading.

The China Securities Regulatory Commission says it will standardize securities accounts after finding some agencies and individuals set up virtual accounts or traded with borrowed accounts.

The commission also urged local authorities to verify the authenticity of securities accounts and be more strict when supervising them.

The move is believed to target illicit financing.

The securities regulator also urged brokers to standardize external access to information systems.

Also, the Public Security Ministry is said to have found clues that certain trading firms have allegedly manipulated futures trading in the stock market.

The investigation, started on last Thursday, is being led by Vice Minister of Public Security Meng Qingfeng.

The investigation team visited the head office of the China Securities Regulatory Commission on Thursday to investigate what it called "malicious short-selling of stocks and stock indices".

Short selling is believed to be part of the reason for the stock market nosedive over the past few weeks.

The team arrived in Shanghai on Friday to search for further clues on such illegal practices.

For CRI, I'm Niu Honglin.

Thailand's repatriation of illegal immigrants to China lawful, experts sayExperts and scholars say Thailand's recent repatriation of over 100 illegal immigrants to China conforms with international practice as the crackdown on illegal immigration is an international responsibility and obligation.

China's Ministry of Public Security has confirmed that the 109 illegal immigrants had been on their way to Turkey, Syria or Iraq to join the so-called "jihad".

Among them, 13 had fled China after being implicated in terrorist activities, and another two had escaped detention.

Bambang Suryono, president of the Nanyang ASEAN Foundation based in Jakarta, says China and Thailand agreed to cooperate in repatriating illegal Uygur immigrants of Chinese nationality.

He says the move will help fight human smuggling and international human trafficking.

Meanwhile, Mohamed Abdel-Wahhab al-Saket, a former Arab League ambassador to China, says it is normal and reasonable for Thailand to repatriate those Chinese citizens at the request of China, adding the repatriation is in accordance with the rules of the two countries and international law.

Thai Prime Minister Prayut Chan-o-cha has said his government has fully adhered to "laws and international obligations" by identifying the nationalities of the Uygur immigrants and sending them back to their own country.

Vice president of China's top court probed for graftXi Xiaoming, vice president of China's top court, is being investigated for "serious violations of discipline and laws".

A statement announcing the probe was issued by the CPC Central Commission for Discipline Inspection on Sunday.

No details have been released yet.

Xi Xiaoming joined the Supreme People's Court in 1982.

Police Arrests Suspected Paid Protest OrganizersAnchorChinese police have published details on a series of incidents in which the detainees are suspected of illegally organizing paid protests, hyping public sentiment and fabricating rumors on the Internet to sway court decisions.

CRI's qizhi reports.

ReporterAccording to a statement published by the Ministry of Public Security, the detainees include lawyers as the core organizers, and social media celebrities and petitioners who are in charge of planning and implementation.

The group of suspects was led by the Beijing-based Fengrui Law Firm.

Zhai Yanmin, a major organizer of the group, exposes the methods of the lawyers at the heart of the allegations.

"They yelled in court so as to put pressure onto judges. Once they were removed from the courtroom, they would meet with petitioners onsite, who carried signs and shouted slogans to keep pressuring judges and sway court decisions. "The police statement says the organizers have disrupted public order and sought profits by hiring protesters and swaying court decisions in the name of "defending justice and public interests."Petitioners took part in these incidents because they not only received payment but also received more attention for their own court cases from government officials.

A suspect surnamed Ning is one of them.

"They told us that we can arouse attention by participating in those protests. If we were present (at sites of controversial incidents), the local government would be informed, which will help us solve problems of our own as higher-ranked officials would urge local government (to handle our complaints). "The group is accused of organizing more than 40 controversial incidents since July 2012.

One of the recent high-profile cases was related to the shooting incident in Qingan County in northeast China.

A man named Xu Chunhe was shot dead in May at a local railway station after attacking a police officer several times despite the officer's multiple warnings.

Lawyers from Fengrui Law Firm then spread rumors that the police officer was directed to open fire because Xu was a petitioner.

The firm further spread online rumors that the incident was a murder conspiracy and organized several protests.

Zhou Shifeng, director of Fengrui Law Firm, has been arrested, along with Wu Gan and Zhai Yanmin.

Further investigation of the case is underway.

For CRI, I am qizhi.

China on yellow alert for high temperaturesThe National Meteorological Center (NMC) has issued a yellow alert for high temperatures as China is entering the height of summer.

A heat wave will hit central, eastern and northern China today with temperatures in some regions rising to around 40 degrees Celsius.

Since mid-May, some northern regions have been suffering from drought due to continued hot weather. Miyun Reservoir, one of Beijing's major water sources, has shrunk about 39 percent over the past year.

Wang Hua, premier weather broadcaster from the Beijing Meteorological Bureau says the capital will see a change in the weather later this week.

"Starting from next Wednesday, due to the impact of the upper vortex, Beijing will enter a stage with multiple thunderstorms. The temperature will also drop accordingly, with a high of around 30 degrees Celsius in the day and a low of 22 at night."China has a four-tier color-coded weather warning system, with red representing the most severe weather, followed by orange, yellow and blue.

Typhoon Chan-hom continues its impact in Shandong pronvinceTyphoon Chan-Hom brought strong winds and heavy rain to the coastal areas of east China's Shandong Province as it passed nearby on Sunday.

The city of Yantai issued a yellow alert warning of strong gales of up to level 10 on the Beaufort scale.

Xing Zhiliang, a Police officer on Zhifu island, says all fishing boats were recalled to ports after the alert was issued.

"We recalled all fishing boats to ports as soon as we received the alert information for typhoon. So far more than 500 fishing boats have returned to ports to take shelter from wind."The city of Qingdao also launched an emergency response, dispatching over 280 teams to prevent possible flooding or wind damage.

The typhoon made landfall in Zhejiang Province on Saturday and has since moved northeast on the sea.

It is expected to make landfall in North Korea this morning.

Beijing plans subsidiary administrative centerAnchorThe Chinese capital is to speed up building a subsidiary administrative center in its east suburb, after the city's lawmakers passed a guideline to promote the integration of Beijing, Tianjin, and the province of Hebei.

CRI's Wang Wei has more.

ReporterLi Shixiang, executive vice mayor of Beijing, says the "subsidiary administrative center" will be based in Tongzhou, a suburban district in the city's southeast.

The district is adjacent to the commercial-heavy urban district of Chaoyang and has advantages in infrastructure and transportation among the city's suburbs.

The guideline says authorities are aiming to achieve "remarkable progress" on the construction of the subsidiary administrative center by 2017.

The Chinese capital has sought to address severe problems such as traffic congestion and air pollution, by curbing its population growth and moving some facilities to nearby regions.

"In particular, the spatial structure of the six urban districts will be changed. For example, now our citizens need to buy vegetables, see a doctor in their community, park their vehicles, but there's no room for it. We must have space for what the citizens need most to increase their happiness index."Li Shixiang also says the construction is not just as easy as constructing several buildings and moving administrative functions there.

"It is about how to develop and what should be developed. It's about spatial functions and overall functions. All of them need rigorous planning and full arguments. I believe next we will create a good environment and take precautions against the morbid state in city administration. In this way, we can establish a subsidiary administrative center of Beijing with scientific planning and orderly management."The announcement says moving out some of Beijing's non-capital functions will be a top priority in the strategy of integrating Beijing, Tianjin and Hebei.

The capital has also accelerated the pace of industrial restructuring and has taken a more stringent attitude on floating population registration.

Over the past year, a number of wholesale markets in the city's central areas were shut down or relocated.

The municipal government promises to limit its population to 23 million.

Official data shows Beijing's total population stood at 21.5 million last year.

For CRI, I'm Wang Wei.

Eurozone leaders try to reach a debt deal with GreeceAnchorEurozone leaders are in Brussels to try to reach a debt deal with Greece.

The talks were temporarily suspended to allow a bilateral meeting between the heads of Germany, France and Greece, with leaders telling Greece to implement swift reforms this week to receive a bailout or leave the euro currency and risk the collapse of its banking system.

Our Correspondent Natalie Powell looks at how talks unfoldedReporterEurozone Finance Ministers left the Eurogroup meeting on Sunday with a little more optimism than they'd had going into it.

The previous day, the group spent 9 hours in talks to try to reach an agreement on a working plan for a third Greek bailout, with little success.

On concluding their second round of discussions on the subject, the Finnish Finance Minister, Alex Stubb, said he and his eurozone counterparts had drafted an ambitious proposal.

"I think there's a very good proposal on the table…. It has far-reaching conditionality….

For us the most important thing is that if we were to open negotiations on ESM (European Stability Mechanism) this whole package has to be approved by both the Greek Government and the Greek Parliament."That proposal was then handed to Eurozone leaders to discuss at a later summit in Brussels….Where all eyes were on Greek Prime Minister Alexis Tsipras, with his country's fate hanging in the balance.

"I'm here ready for an honest compromise. We owe that to the peoples of Europe who want Europe united and not divided. We can reach an agreement tonight if all parties want it."Germany's Chancellor Angela Merkel though entered the Eurozone leaders summit in a more pessimistic mood, calling the discussions over Greece's bailout extremely difficult.

"There will be no agreement at any price. I know everyone is on the edge. But we have to ensure that that the advantages outweigh the disadvantages, namely for the future of Greece as well as for the euro zone as a whole and the principles of our cooperation."Opposing his German counter part, French President Francois Hollande however, said he was going to do everything he could to keep Greece in the Euro.

"There is no temporary Grexit, there is a Grexit or no Grexit. Or to spell it out in French: Greece is in the euro zone or Greece is no longer in the euro zone, but in that case it's a Europe that retreats and does not progress, and I don't want this."After six months of negotiations, the coming days will be crucial for the single currency.

But questions will be raised over how damaging these lengthy discussions on Greece have been to the eurozone's credibility and whether the group will be able to come back from this.

For CRI, I'm Natalie Powell in Brussels.

Iran nuclear deal to be announced Monday: diplomatsDiplomatic sources in Vienna where the Iran nuclear talks are underway say negotiators plan to announce an historic deal on Monday, capping nearly a decade of diplomacy that would curb Tehran's atomic program in return for sanctions relief.

Final details of the pact are said to be still under work.

A spokesman for the Iranian delegation has revealed that it's a 100-page document.

In a sign that something might be in the works, Russian Foreign Minister Sergei Lavrov has arrived in Vienna and Chinese Foreign Minister Wang Yi is reportedly due on Sunday local time.

A Western official has said Tehran and Washington would need time to consult their capitals once an agreement was reached.

Commenting on a possible deal, US Senate Majority Leader Mitch McConnell says President Barack Obama could face hurdles in Congress.

"Well, look, we already know that it's going to leave Iran as a threshold nuclear state. We know that. It appears as if the administration's approach to this was to reach whatever agreement the Iranians are willing to enter into. So I think it's going to be a very hard sell if it's completed in Congress."Republicans in the US Congress have been criticizing the Obama administration for making too many concessions to Iran in the nuclear talks.

The current negotiations have run more than two weeks and blown through three deadlines.

Because the talks are in overtime, the US Congress will have 60 days to assess any deal reached, requiring Obama to await that review before easing sanctions on Iran.

US Allows Cruises to CubaAnchorAfter decades of embargo, the US has authorized the first cruise service to Cuba in half a century. With the US government licenses, American cruise giant Carnival Corp. has set its sailing date for May of 2016. For more details, here is our reporter He Fei in Washington.

Reporter:

With a 600-dollar deposit, you can now reserve a spot on a voyage from Miami to Cuba on the Fathom, one of the newest cruise brands under Carnival Corp.

Fathom's President Tara Russell.

"The last couple of days have been our biggest sales days in our first month since we launched the brand so we're getting quite a large volume of interests. The intention would be to begin those Cuban sailings in May and then every other week would be a 7-day itinerary back and forth."The announcement follows reopening of embassies in Washington and Havana announced by the US and Cuban presidents.

Rules for US travel to the island nation have been loosened since last year.

However, leisure travel including traditional cruises is still banned under the US embargo.

The tours that have been approved are "people-to-people" tours, which involve cultural, faith-based and humanitarian exchanges between American and Cuban citizens.

Therefore, you won't find casinos or enjoy Broadway shows on board, but maybe something more unique.

"It is also our intention to provide travelers a way to meaningfully have cultural exchange and educational exchange with Cuban people. So we've got Dominican and Cuban inspired menus, music, films. We'll have social-impact workshops and training opportunities on board. We'll have lots of fun activities that allow travelers to engage and get to know the community."According to Russell, the Adonia, which can accommodate 700 passengers, will sail on the new route.

But the relatively small ship is able to enter many of Cuba's smaller and shallow ports.

Fares will start at nearly 3000 dollars per person plus taxes and port fees for the week long voyage.

The company has been granted necessary approvals from the US Department of the Treasury and the U.S. Department of Commerce.

It is now waiting for the approval of the Cuban government.

Cuba hosted more than 3 million visitors last year.

And it has started to develop its cruise business in the past few years, attracting many Canadians, Europeans and Latin Americans as the US still maintains an embargo and travel ban against the island.

For CRI, I'm He Fei in Washignton.

Manhunt underway for escaped Mexican drug lordMexican authorities are questioning 30 employees from a high security prison after the country's most notorious drug lord Joaquin "El Chapo" Guzman escaped through a tunnel built under his cell.

It's his second jailbreak in 15 years.

Attorney General Arely Gomez says staff at the Altiplano prison in central Mexico are being questioned as a manhunt is underway.

"We already have at the Attorney General's Office 30 people who worked at the prison, who are giving their statements so we can determine what their legal situation will be and what other elements we can get."Guzman's cartel is believed to control most of the major crossing points for drugs at the US border with Mexico.

The kingpin slipped out of the prison through a tunnel more than 1.5 km long which led to a building site in the local town.

Guzman bribed his way out of prison during a previous escape in 2001.

He became one of the world's top crime bosses, running the powerful Sinaloa Cartel, which smuggled billions of dollars worth of cocaine, marijuana and methamphetamines into the United States and fought vicious turf wars with other Mexican gangs.

The flight of Guzman seriously undermines President Enrique Pena Nieto's pledge to bring order to a country racked by years of gang violence, a sentiment shared by many local residents.

"He is taunting the government, he is laughing at them and he can do what he wants. I am not going to lie, that is what I think of him, he's got the power.""This is bad. There could be more violence, maybe there will be more violence, but maybe many will be celebrating the escape."The breakout happened in the State of Mexico, the home state of Pena Nieto, who took office in 2012 vowing to confront cartel violence that has killed more than 100,000 people since 2007.

U.S investment immigration increases in popularity among ChineseAnchorInvestment immigration has been an increasingly popular method for Chinese people to become U.S. citizens in the last four years.

CRI's Qian Shanming has more.

ReporterChinese investment immigration has become an important financing method for more than half of the developers in New York.

Many high-end residential communities in the U.S. are being built with investment largely from Chinese investment immigration applicants.

One such community in New York is being built with a 30 percent Chinese immigrant investor stake.

Expected to provide 1,600 jobs for neighboring areas, this New York property project is only a start for Jonathan Rabinow, investment director of the property project.

"And because this project has gone so well and this development has gone so well, we are about to embark upon our second EB-5 project which is gonna be just about 20 minutes north of here."The investment immigration plan, named Employment Based Fifth Preference, or EB-5, stipulates that foreign investors can apply for green cards by investing 500,000 US dollars or more and providing at least 10 jobs.

EB-5 was launched in 1990 and the number of applicants have soared up in the last four years.

The number of green cards issued through the EB-5 program grew from nearly two thousand in the fiscal year 2010 to more than ten thousand in 2014.

Jason Jia, an investment immigration lawyer with Yerman & Associates, says the surge in Chinese investment immigration is because of the growth of Chinese high-income earners and the growing employment demands of Chinese overseas students.

"Investment immigration may be the only method for many Chinese families to get green cards if they do not have relatives or jobs in the U.S. This is because Investment immigration has no requirements for language skill, educational background, or work experience."As the EB-5 act expires in September, the U.S congress may prolong the EB-5 act, and increase the investment requirement to 800,000 US dollars.

It may also require stricter auditing and supervision due to some fraud occurrences with EB-5.

Based on the statistics provided by non-profit organization "Invest in the USA," EB-5 brought the U.S. some 1.5 billion US dollars of investment and 31,000 jobs in 2013.

Peter D. Joseph, executive director of Invest In the USA, says he believes the U.S. congress will continue to support EB-5 as an important financing method.

He adds that judicial oversight is needed to protect the interests of investors.

"This program has grown quickly as it has, as we discussed earlier, a 700 percent growth in about a six year time period. Investors are also protected by U.S. laws when they are investing in United States, and the federal government here in the U.S. has shown that they are willing to fight for investors when they step in, and if people are trying to take advantage of investors, they'll have to face the long arm of justice here in the U.S.."For CRI, I'm Qian Shanming.

WeatherBeijing will be sunny with a high of 39 degrees Celsius.

Overnight temperatures should drop down to 25.

Shanghai will be cloudy with a high of 33 and a low of 25.

In Chongqing, it will be cloudy during the daytime with a high of 37 and lows of 25.

Elsewhere in the world, staying here in Asia,Kathmandu, slight rain, 30.

Islamabad will be cloudy with a high of 34.

Kabul will be cloudy with a high of 34.

Over to North America,New York will be cloudy with a high of 28 degrees.

Washington, slight rain with a high of 28 degrees.

Honolulu, slight rain, 28.

Toronto will be cloudy with a high of 27 degrees.

Finally, on to South America,Buenos Aires will see slight rain with a high of 15.

And Rio de Janeiro will be cloudy with a high of 27 degrees Celsius.

Headline newsChina to bust illicit securities tradingChina's securities regulator has issued a statement, vowing to strictly crack down on illicit securities trading.

The China Securities Regulatory Commission says it will standardize securities accounts after finding some agencies and individuals set up virtual accounts or traded with borrowed accounts.

The commission also urged local authorities to verify the authenticity of securities accounts and be more strict when supervising them.

Also, the Public Security Ministry is said to have found clues that certain trading firms have allegedly manipulated futures trading in the stock market.

.

Death toll rises to 15 in China firecracker explosionAnother nine people have been confirmed dead following an explosion at an illegal firecracker warehouse in north China's Hebei Province, bringing the total 15.

The blast occurred Sunday morning in a town in Ningjin County.

More than a dozen people have been injured.

Investigators are looking into the cause of the explosion.

Death toll of Taiwan water park blaze rises to 5A fifth victim of last month's fire during a concert at a water park in Taiwan has died.

The 22-year-old woman had suffered burns to 95 percent of her body.

The fire started after a large amount of coloured powder was ejected from a stage during the music event in New Taipei City.

The powder ignited as it landed on the audience.

Nearly 500 people were injured. 406 of them remain in hospital, with 214 of them listed in critical condition.

EU leaders split over Greek debt issueEurozone leaders are gathering in Brussels for a make-or-break summit over the Greek debt crisis, trying to reach a deal that would pave the way for a third bailout for Greece.

The leaders are discussing new proposals put forward by their finance ministers.

They have reportedly suggested Greece could temporarily leave the currency block if no agreement on a bailout is reached.

However, French President Francois Hollande is said to be strongly opposed to that, pledging to try his best to seek an agreement at the summit.

Without a debt deal in the coming hours, Greece faces financial collapse.

The country's banks have been closed for the past two weeks and are running out of cash while the country's economy is suffering from capital controls.

Car bomb hits near NATO-led force's base in Afghanistan, killing 20A suicide car bomb killed 20 civilians at a NATO-led army base in eastern Afghanistan.

16 others were wounded.

No foreign military personnel were harmed.

Though no group has claimed responsibility for the attack, Afghanistan has seen many attacks from the Taliban-led insurgency in recent months.

In mid-April, the militant group launched its annual offensive against security forces.

Biz reportsAnchorFirst let's get a preview of what we can expect on the markets this week.

Here's CRI's Min Rui.

ReporterFirst of all, here in China, the GDP figure of the second quarter is expected to be released on Wednesday.

Around the world,While the drama of Greece is capturing the headlines as the week begins, the focus will shift to the US where retail sales and Federal Reserve Chair Janet Yellen's two days of Congressional testimony set the agenda.

On Wednesday and Thursday, Yellen delivers semi-annual testimony on monetary policy before the House Financial Services Committee in Washington.

Yellen will be unlikely to drop too many policy hints and changes in this round of testimony, unless she wants to point the market harder to a September lift-off.

The Commerce Department issues June retail sales data on Tuesday.

The Federal Reserve issues its Beige Book on Wednesday.

The U.S. Labor Department releases its Consumer Price Index for June on Friday.

On the same day, the Federal Reserve releases data for June industrial output.

This week also marks an acceleration in second-quarter results from American companies with banks as the highlights.

Yum Brands reports second-quarter results on Tuesday. Yum's China business remains in the spotlight as it fights to recover from a food scandal in its biggest market for profits.

JPMorgan Chase & Co releases second-quarter results on Tuesday.

Netflix, a TV and movie streaming provider, Bank of America, BlackRock, the world's largest asset manager, and Delta Air Lines are all expected to post second-quarter results on Wednesday.

Citigroup reports second-quarter results on Thursday.

Google, the operator of the world's No. 1 Internet search engine, E-commerce company eBay and Goldman Sachs, are all expected to report lower second-quarter profits on Thursday.

General Electric reports second-quarter earnings on Friday.

Lock-up shares worth 18.2 bln yuan eligible for tradeLock-up shares worth 18.2 billion yuan, or 3 billion U.S. dollars, will become eligible for trade on China's stock markets this week.

A total of 1.6 billion shares from 25 companies will start trade on the Shanghai and Shenzhen bourses.

According to Southwest Securities, the number is down from 76 billion yuan of shares unlocked last week.

Under China's market rules, major shareholders of non-tradable stocks are subject to one or two years lock-up before they are permitted to trade.

Shenyang Brilliant Elevator Co. will see shares worth around 5.4 billion yuan start trade on Friday, the largest amount in the period.

After plunging by over 30 percent from its June 12 peak, China's key stock index staged a strong rebound on Friday on the back of a raft of government support measures.

The benchmark Shanghai Composite Index surged 4.5 percent on Friday, while the Shenzhen Component Index closed 4.6 percent higher.

For more on the Chinese market news, we are now joined by Mike Bastin, director of China Business Center based in London.

Back AnchorMike Bastin, director of China Business Center based in London.

State-owned firms in pay clampdownChina's State-owned Assets Supervision & Administration Commission implemented a monthly salary ceiling policy for senior executives of State-owned enterprises, including the five big banks.

Their salary will be limited to within 8,000 yuan, which is a little bit less than 1,300 U.S dollars per month.

This is about 50% cut compared with their salary in the years before.

However they will remain entitled to year-end bonuses if their company performs well.

Previous data shows that bank presidents pocketed incomes exceeding one million yuan a year.

Media reports say this marks the second stage of salary reforms by China's state-owned enterprises.

The salary reform was passed last August to ease public discontent over excessive payment for SOE senior management.

The first stage began this year, covering 72 SOEs, like PetroChina and China Mobile.

The average salary of senior management was 12 times that of ordinary staff in 2013, but has dropped to 7.8 times under the reforms.

Food safety watchdog orders warehouse checks for smuggled frozen meatChina's food safety watchdog has called on local authorities to be on the lookout for smuggled frozen meat.

This comes after a large amount of smuggled meat, some of which had been frozen for around four to five years, was seized by customs.

The China Food and Drug Administration is ordering enterprises to notify the authorities if they have handled such meat since July 2014.

A statement from the Administration says all the seized frozen meat, including pork, beef and chicken wings, has been destroyed.

BOCHK appointed as settlement bank for launched SH-HK Gold ConnectShanghai-Hong Kong Gold Connect has officially launched, connecting trade in the commodity and further promoting financial integration and development.

The Bank of China's Hong Kong branch was appointed as the sole settlement bank for the newly Gold Connect.

According to the agreement, the bank will provide Shanghai International Gold Exchange with funds settlement and cross-border payment services for cross-border gold-trading transactions.

Meanwhile, Po Sang Financial Investment Services, a subsidiary of BOCHK, successfully completed the first 1-ton gold futures auction trading with Bank of Shanghai.

Prior to the latest move, Shanghai-Hong Kong Stock Connect was launched last November, a major move of China's reform and opening up of its capital market.

It is reported that further connectivity between the two exchanges is under discussion.

China's Civil Aviation Industry Sees Rapid Growth in 2014Official statistics show China's civil aviation industry achieved steady growth in 2014.

According to the Civil Aviation Administration of China, air travelers on domestic and international flights hit some 390 million, up nearly 11 percent year on year.

The industry generated operation revenue of 620 billion yuan, or 100 billion U.S. dollars, up 8 percent.

Profits climbed 14 percent, 3.5 billion yuan more than the previous year.

However, there is still room for improvement in terms of punctuality rates, which posted 68 percent last year, down from 72 percent in 2013.

SportsDjokovic Defeats Federer to Win 2015 Wimbledon TitleAnchorIn the most anticipated match of all at Wimbledon, top seed Novak Djokovic defeated seven time Champion Roger Federer in four sets to win his third Wimbledon title and ninth Grand Slam title. CRI's London Correspondent Duan Xuelian has more.

ReporterIt's a match between the world's top two players and people's expectations are high.

Their four-set match lasted nearly 3 hours and was interrupted briefly by a rain shower. The first set stretched into a 13th game with Djokovic miraculously saving a number of set points. But Federer was able to fight back in the second set, winning the tie breaker by 12 to 10. The third set saw an aggressive Djokovic coming back from a short break and take the last two sets of games 6-4 and 6-3.

So, it's Novak Djokovic again!

Amid the excitement, the Serb repeated his traditional celebration for winning the tournament - eating the Wimbledon grass.

"It tastes very very good this year. I don't know what the grounds people have done but they have done a great job. It's a little tradition obviously. As a kid I was really dreaming of winning Wimbledon, as a child you dream to do something crazy whey you actually achieve it and that's was one of the things. "The Serb's victory shattered Federer's dream of reliving history. Twelve years ago, it was on Centre Court at Wimbledon that he won the first Grand Slam of his career. And it has been three years since he last held the Wimbledon trophy.

"That's sports, that why we come to watch it just because you don't know the outcome. Of course I had my chance in the first set bringing up a break, second set I'm lucky to win that and had some chances early in the third but that's how it goes, he was tough on the bigger points and in the end he was rock solid. I thought he played great, I didn't play bad myself so I can be very happy as well."For CRI, I'm Duan Xuelian at WimbledonCSL recapTurning to football, in the Chinese Super League,Beijing Guo'an is back on top of the leaderboard after a 4-0 home victory against Hangzhou Greentown.

The team remains undefeated in the domestic league in its last 11 games.

There is no change at the top of the table, as the front runners all won in this round.

Second-placed Shanghai SIPG beat Guangzhou R&F 3-2,Third-placed Guangzhou Evergrande defeated Changchun Yatai 2-0.

Shijiazhuang Ever Bright drew 1-1 against Liaoning Hongyun.

Iker Casillas bids farewell to Real MadridIker Casillas has bid a tearful farewell to Real Madrid, marking the end of a 25-year era at the club.

Casillas made a statement during a press conference to confirm his move to Porto.

"Today, I have to say goodbye to this club that has given me everything. It seems it was yesterday when, being nine years old, I wore the Real Madrid jersey for the first time and I fulfilled my dream. During all this time we have suffered, we have laughed, we have cried, we have enjoyed together. I have felt accompanied and very loved, both in good and bad times."Porto had earlier announced it has signed a two-year contract with the goalkeeper.

Thirty-four-year-old Casillas joined Real Madrid's youth academy at the age of nine.

He has won 19 trophies with the team.

Bastian Schweinsteiger to join Man. UnitedOther news from the transfer window,Bayern Munich's Bastian Schweisteiger is leaving for Manchester United.

Manchester has confirmed the arrival of its first German player.

Schweinsteiger is expected to sign a three-year contract with the Red Devils.

The 30-year-old midfielder won eight bundesliga titles and one Champions League title for the German club during his 13-year spell.

He also led Germany to World Cup glory last year as captain.

BMC wins TTT; Gavazzi wins at Tour of Qinghai LakeIn cycling,BMC has won stage nine of the Tour de France, a team time trial in Brittany.

Tejay van Garderen's team beat Chris Froome's Team Sky by one second.

Froome retained the yellow jersey but both men gained time on GC rivals Alberto Contador and Vincenzo Nibali.

Froome leads Contador by just over one minute going into the race's first rest day before the peloton hits the Pyrenees.

In other action,Mattia Gavazzi of Amore&Vita has won stage eight of the Tour of Qinghai Lake.

Marko Kump came in second and tightened his grip on the green jersey on points.

Hossein Alizadeh is still wearing the yellow jersey.

Francisco Colorado from China's Ningxia Sports Team grabbed the polka-dot jersey after conquering the stage's only categorized climb.

EntertainmentAnimation "Monkey King: Hero is Back" acclaimed as "Conscientious Film"Chinese animation "Monkey King: Hero is Back" is enjoying strong revenue and public praise.

The 3D movie scored only 10 million yuan when it was released on Friday but the number surged to 30 million on Saturday.

Many celebrities and critics have called the movie "a conscientious film" and have helped to promote it.

Director Tian Xiaopeng says audiences worldwide can understand the film as it is about pursuing dreams with love and courage.

The director adds that the movie is part of a franchise and his team is working on the second installment.

'Tiny Times 4' May Release an Extended VersionIt's being reported that an extended version of "Tiny Time 4" is set to be released.

Some theaters say the current version has a validity period of only one week, and a second version is to be released.

At the same time, a verified account on Sina Weibo posted a photo with information of the extended film.

The extended version is said to be 20 minutes longer, featuring behind-the-scenes footage of the franchise in a documentary style.

However, the distribution company has made no comment so far.

'Tiny Times 4' has enjoyed a strong performance at the Chinese box office.

The coming-of-age film has taken in nearly 290-million yuan, sending the franchise's total revenue to somewhere north of 1.6 billion yuan.

The extended version is set to be released on Thursday.

Animated film "Minions" dominates North American box officeUniversal Pictures' "Minions" is believed to have racked up over 115 million U.S. dollars at the North American box office over the weekend.

This makes it the second biggest opening for an animated film in history, following "Shrek the Third" for the latter's 2007's start with 122 million dollars in ticket revenue.

The spinoff from "Despicable Me" scored over 46 million dollars in Friday's box office, the best single day ever for a cartoon feature.

And it received a solid "A" rating from first-night moviegoers on CinemaScore.

In second place, Universal's Jurassic World continues to be strong, adding another 18 million dollars on its fifth weekend in theaters. It has now sold 590 million dollars in tickets in North America.

This leaves it just less than 10 million dollars away from becoming the fourth film ever to reach the 600 million dollar box office milestone in the U.S. and Canada.

"Inside Out" is ranked third, with an estimated 17 million dollars.

The 3D computer animated blockbuster has gathered 284 million dollars of tickets sales in North America in 24 days.

That's it for this edition of the Beijing Hour.

Recapping our top stories this morning...

Chinese authorities vow to crack down on illicit trading, as hundreds of companies resume trading following weeks of market volatility...

scholars and experts say Thailand's repatriation of over 100 illegal immigrants to China conformed with international practices and laws...

A glimmer of optimism on Sunday from the talks surrounding the Greek debt crisis, but no financial bailout plan to announce just yet...

In Business...clamping down on the monthly paychecks of senior executives at Chinese state-owned companies...

On behalf of the Beijing Hour staffers, this is Shane Bigham in Beijing hoping you'll join us for our next edition of the Beijing Hour to open a window to the world together.