BGI officials hike equity stakes as prices fall

Chinese genomics giant BGI, known as the Beijing Genomics Institute previously, announced on Tuesday that seven of its executives have decided to increase their equity holdings in the company, after a two-day stock slump triggered by a series of reports attacking its credibility.

GAC plans Detroit R&D center

Guangzhou Automobile Group Co Ltd, known as GAC, said it expects to create 62 jobs at a $4.45 million research and development facility it is building in the Detroit suburb of Farmington Hills in the United States.

Young fish released into Dalian seas

Thirty employees of Dalian Ocean Fishing Co Ltd and more than 100 environmental volunteers released 100,000 young olive flounder on July 7 in Lyushunkou district of Dalian, Northeast China's Liaoning province.

Wanda to extend Danzhai village project

Dalian Wanda Group plans to donate 500 million yuan ($74.83 million) to support the second phase of construction of the Danzhai Wanda village.

Samsung to invest $22m in rural initiatives

South Korean technology giant Samsung Electronics Co Ltd will invest 150 million yuan ($22.5 million) in poverty alleviation, education and helping people with disabilities in rural areas of China.

GoalBlue sponsors seed planting program

Chinese public service organization GoalBlue (Shenzhen) Low Carbon Development & Promotion Centre has joined up with the French embassy to raise children's awareness of environmental protection by sponsoring a seed planting program in China.

IN BRIEF (Page 18)

Global ambitions taking shape

China Duty Free Group, a unit of mainland's State-owned tourism giant China National Travel Service Group Corp, has added the finishing touches to its Hong Kong venture, a move that adds flesh to the bones of its global ambitions.

TV maker Konka expanding into chip sector

Electronics manufacturer Konka Group Co Ltd is expanding into the semiconductor sector and increasing research and development investment, as it seeks the higher returns of the intelligent white goods segment.

ICBC lists largest green bond on London bourse

The Industrial and Commercial Bank of China Ltd, also called ICBC, has listed a $1.58 billion green bond on the London Stock Exchange. The funds will be used to finance environmentally sustainable assets.

From coal mining to tourism

As China reduces excessive capacity in the coal mining, steelmaking and power generation sectors, coal-rich Guizhou province in Southwest China is digging further into eco-friendly drivers of economic growth with the help of Agricultural Bank of China Ltd, which is making the same adjustments to its direction of lending.

Bank project promotes rural development

Sitting at the foot of Danxia Mountain, Danxia town in Guizhou province is undergoing housing renovation and street reconstruction as the local government is trying to develop the town into a recreation, tourism and culture resort by 2021.