Hong Kong stocks rose, as China Merchant Holdings International Co. led gains and energy companies advanced after oil prices surged amid mounting violence in Iraq.
China may ban sales promotions and advertising for milk formula designed for babies younger than six months in an effort to encourage breastfeeding, the Ministry of Health said.
China plans to increase standards for domestic infant-formula producers amid fresh concerns about food safety after Fonterra Cooperative Group Ltd. warned of tainted ingredients in some products.
Johnson & Johnson, the world’s biggest health-care products company, is bolstering its medical device presence in China as some companies struggle with government rules in one of the world’s fastest growing markets.
Children with high iron levels may get too much of the nutrient from fortified infant formulas, raising the risk of developmental delays, researchers said.
Credit Suisse’s Moskow Recommends Shares of MJN (Audio)