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Shanghai will launch a 'trade-in' home-purchase mortgage subsidy effective Aug. 21, 2026, through Mar. 31, 2027. Residents who buy a newly built commodity home located outside the city’s Outer Ring Road and complete contract online registration, and

2026-08-20

Shanghai will launch a 'trade-in' home-purchase mortgage subsidy effective Aug. 21, 2026, through Mar. 31, 2027. Residents who buy a newly built commodity home located outside the city’s Outer Ring Road and complete contract online registration, and who sell a Shanghai second‑hand home within one year before or after that registration, may apply to the district real estate transaction center for the subsidy. The subsidy equals 1% of the new-purchase mortgage amount, capped at 50,000 yuan per unit. The program is funded at 200 mln yuan total and will operate until funds are exhausted.

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2026-08-20

Market sources say the US plans to halt tariffs on Canadian steel and aluminum as part of a trade agreement.

Market sources say the US plans to halt tariffs on Canadian steel and aluminum as part of a trade agreement.
2026-08-20

OpenAI said it will tighten safety processes for paying customers and has begun testing "private safety processing", a system designed to detect risk patterns across multiple interactions rather than individual prompts and replies. The move targets r

OpenAI said it will tighten safety processes for paying customers and has begun testing "private safety processing", a system designed to detect risk patterns across multiple interactions rather than individual prompts and replies. The move targets risks that emerge as AI handles longer-horizon, more autonomous tasks and is intended to guard against malicious users and attacks by misaligned AI agents while remaining compatible with zero-data-retention—customer content will not be accessible to OpenAI. The feature is expected to roll out in September, accompanied by a technical white paper; early tests are underway with Microsoft and Databricks.
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