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DIM SUM BONDS
China Policy Bank Marks Hong Kong Bond Market Milestone
Rural policy-lender is first non-government issuer to offer bonds to retail investors in Hong Kong as part of $434 million Dim Sum sale
CROSS-BORDER INVESTMENT
China and Japan Approve Six Funds to Boost Access to Each Other’s Stock Markets
Chinese, Japanese firms given go-ahead to open cross-border ETFs that will invest in funds tracking shares on each other’s exchanges
FRESH BLOOD
Baidu Reshuffles Management After First Quarterly Loss in 15 Years
Tech giant promotes smart devices unit head to vice president after company begins losing money
LUCKIN COFFEE
Three Things to Know About China’s Starbucks Challenger
Luckin’s costs are coming down, but competition for the coffee crown is getting fiercer
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