Department of Health and Police officers have arrested two women for selling unregistered pharmaceutical products.

They raided a Central retail shop today and four unregistered pharmaceutical products – C 24/7 Natura-Ceuticals; Complete Phyto-energizer; Whitelight; and, Perfect White.

Hong Kong pharmaceutical product registration numbers were not found on the product labels.

The products were sourced outside Hong Kong.

The women are aged 29 and 54.

Qiming Ventures and Capital Today has invested $15 million in Chinese travel website and app maker, Mafengwo.cn, in series B financing. This is Capital Today's second investment in the Beijing-based travel portal, following a first-time $5 million investment. Founded in 2006, Mafengwo aims to attract high-end Chinese travelers from big metropolitan in China. It says […]

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Blackstone Group's 66-years-old founder, Stephen A. Schwarzman, donated $100 million, or RMB600 million, to the largest-ever internationally-funded philanthropic project in China. The Schwarzman Scholars program is a $300 million scholarship program inspired by the Rhodes Scholarship, an international graduate program created in 1902 by British statesman Cecil J. Rhodes to send international students to study […]

Visit ChinaMoneyNetwork.com for more great China Money Podcast audio and video Internet episodes covering important investment news and financial events in China, as well as daily news updates on important China business news happenings. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.