CCB lists $1.2b bond on Nasdaq Dubai

BEIJING - Guo You, chairman of the board of supervisors of China Construction Bank on Wednesday rang the market-opening bell to celebrate the listing of a $1.2 billion bond on Nasdaq Dubai, the stock exchange that lists regional and international shares in the Middle East.

PhiSkin looks good after new funding

Private equity firm H&Q Asia Pacific said PhiSkin - a cosmetic medical services provider which operates a skin and laser clinic in its investment portfolio - completed series B fundraising in early June, one more deal in the sector which is attracting increasing amounts of capital in China.

Liquidity crunch ruled out amid cash squeeze

BEIJING - Chinese financial markets may be in for a month of cash squeeze pressure in June but a liquidity crunch is unlikely to happen.

Baijiu maker moves upmarket to boost profit

Shuijingfang, a Chinese baijiu maker, aims to move upmarket to expand the brand with new investment and increased marketing.

Stocks gain as companies urge workers to buy shares

SHANGHAI - Chinese mainland stocks rose on Wednesday as a growing number of listed firms encouraged employees to buy shares, and as the central bank injected more funds into the banking system to ease fears of a midyear liquidity crunch.

Big data takes byte out of lunch

Millions of rural students in China are receiving free school meals as part of a central government plan to ease poverty.

Ping An invests $1.4m to aid poor children

A major Chinese insurance company has launched a 10 million yuan ($1.47 million) online educational site to help schools in poor areas of the country.

Blink and the elderly get their pensions easier

A pension revolution has been rolled out to help up to 260,000 retired people in Shenzhen.

IN BRIEF (Page 18)

Magic bricks work wonders

You might have just walked on "magic bricks".

Turning barren hills into a woodland oasis

Li Fengshu always has a smile on his face when he talks about his beloved poplar and pine trees.

Trump climate move backfires

DENVER - The decision by US President Donald Trump to withdraw from the Paris Accord has caused a firestorm at home and led to a big companies' revolt.