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Henan provincial party and government offices issued an implementation plan to boost high-quality urban development, tasking city governments with stabilizing the property market by city-specific supply control, inventory reduction and higher-quality

2026-06-26

Henan provincial party and government offices issued an implementation plan to boost high-quality urban development, tasking city governments with stabilizing the property market by city-specific supply control, inventory reduction and higher-quality housing supply. The plan mandates cities to deliver 2–3 annual model "Good House" projects, accelerate urban-village and dilapidated-housing redevelopment, support owner-led refurbishment and rebuild-on-original-footprint schemes, and complete nationally funded urban-village redevelopment projects by 2028. It requires continued renovation of urban neighborhoods built before 2005 and promotes acquisition of existing commercial housing for use as affordable rental housing, targeting an addition of over 50,000 affordable rental units by 2030. The plan also orders a property-service quality upgrade, aiming for full coverage of community property services and party-building within property service firms.

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2026-06-26

China government bond futures at the morning close: 2-year (TS) most-active contract +0.01%; 5-year (TF) +0.04%; 10-year (T) +0.05%; 30-year (TL) +0.11%.

China government bond futures at the morning close: 2-year (TS) most-active contract +0.01%; 5-year (TF) +0.04%; 10-year (T) +0.05%; 30-year (TL) +0.11%.
2026-06-26

A container ship was attacked in the Strait of Hormuz on Friday, prompting some shipowners to re-evaluate withdrawal plans, though two-way traffic continued. Vessel-tracking shows two fully laden tankers exiting the Persian Gulf while four VLCCs in b

A container ship was attacked in the Strait of Hormuz on Friday, prompting some shipowners to re-evaluate withdrawal plans, though two-way traffic continued. Vessel-tracking shows two fully laden tankers exiting the Persian Gulf while four VLCCs in ballast are steaming along the Gulf of Oman coast — the southern route managed by Oman and coordinated with the US. Other vessels are using the northern, Iran-side route. Control of the strait remains a US‑Iran flashpoint. The US this week said Iran must keep the strait open to secure a lasting peace; Secretary of State Rubio warned that if Iran imposes transit fees others may follow, risking wider disruption. Washington is pressing Oman not to establish a joint fee system with Iran. Oman’s position is unclear: a joint Iran‑Oman statement on Tuesday said they would discuss transit management and costs, but Rubio said on Thursday Oman assured him it does not support charging for passage.
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