CHINA Development Bank, a policy bank that funds the nation's public works projects, postponed the issuance of 20 billion yuan of bonds after the Sichuan earthquake last week.

China Development had planned to sell the five-year bond with floating rates yesterday, it said in a statement. It didn't give a new date for the sale.

Bandari Cosmetic firm aims for No. 3 spot

Swiss men's cosmetic brand Bandari has targeted at a 30-percent share in the Chinese men's cosmetic market and planned to be listed as the top three brand in three years.

The men's products accounted for 10 percent of the Chinese cosmetic market, much lower than in the United States and Britain. In the past two years, the men's cosmetic market has grown at an annual rate of 300 percent.