Head office takes shape in Shanghai's financial area

Work on the new office of the BRICS New Development Bank was completed on Friday in Lujiazui, the financial district of Shanghai, and is expected to start functioning soon.

CSRC expands scope of money market funds

The securities regulator on Friday broadened the investment scope for money market funds in an attempt to encourage innovation while maintaining effective risk management.

PBOC allays fears over bond swap plan

The 1 trillion yuan ($161 billion) debt-for-bond swap plan will not involve massive liquidity injection into the financial market, and the central bank remains confident about its success, a top official said.

IN BRIEF (Page 6)

Carriers scramble to answer Li's call

Domestic telecommunications carriers on Friday raced to cut charges for broadband Internet, mobile data traffic and roaming services after Premier Li Keqiang called for cheaper, faster Web connections for the country.

Tariff cuts likely to spur 4G usage

Lower Internet charges will help increase the number of 4G subscribers in the country, experts said.

Investment flows into EU surge by 487%

Investment flows from China to the European Union surged 487 percent in the first four months of this year, with the 28-member market keen to offer reciprocal access to Chinese investors, the Ministry of Commerce said on Friday.

Tourism companies see sunny days ahead

Investment in China's tourism industry will exceed 1 trillion yuan ($161.2 billion) this year, up from 705.3 billion yuan in 2014, the China National Tourism Administration revealed on Friday.

Do not obscure reason for atomic bombing

For the purpose of seeing first-hand the devastating potential of nuclear weapons, the Japanese cities Hiroshima and Nagasaki are the places to go.

US' double-dealing risky

China is justified in expressing "serious concern" about media reports that the United States is mulling plans to address China's island building in the South China Sea. It has cast a shadow over US Secretary of State John Kerry's upcoming visit to China over the weekend.

Officials' offspring must not be favored for college admission

The majority of high school graduates have to pass the national college entrance examination to enter college, but there is small quota for those performing well in high school to be recommended for direct admission.

Repaying online helpers rebuilds social trust

Three years ago, Xu Tao, a student at Beijing University of Chemical Technology, sought help online so that his father could receive treatment for leukaemia. On Monday, one of the donors said in a micro blog that Xu had paid him back the money he had given him and added 10 percent interest. Comments: