Morgan Stanley issues panda bond

Morgan Stanley has successfully issued 2 billion yuan ($279.85 million) in panda bonds in China's interbank bond market, marking the first such issuance by a US-based company, the National Association of Financial Market Institutional Investors said. The five-year bonds carry a coupon rate of 1.98 percent and attracted robust demand from domestic investors.

Measures to ensure smooth rail transport

Chinese railway operators have put work safety first to boost smooth rail transport during the hot and rainy weather. China Railway Taiyuan Group has adhered to a philosophy of "sweat ensures safety", taking special measures. Its Taiyuan Electric Signaling Depot asked signal operators to conduct precise inspections and repairs on railroad switch machine equipment to ensure safety and quality. The move aims to safeguard the work safety and stability of internal signaling equipment under unfavorable weather conditions.

Xinhua - China Daily