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On Aug 20, six Shanghai agencies — the Municipal Commission of Housing and Urban‑Rural Development, Municipal Housing Administration Bureau, Municipal Finance Bureau, PBOC Shanghai branch, Shanghai Financial Regulatory Bureau and Municipal Housing Pr

2026-08-20

On Aug 20, six Shanghai agencies — the Municipal Commission of Housing and Urban‑Rural Development, Municipal Housing Administration Bureau, Municipal Finance Bureau, PBOC Shanghai branch, Shanghai Financial Regulatory Bureau and Municipal Housing Provident Fund Center — issued a notice effective Aug 21, 2026 to expand use of housing vouchers. The notice adds a housing‑voucher option to compensation and resettlement for land expropriation and demolition, prioritizes urban‑village redevelopment and old‑city reconstruction projects, and instructs authorities to reconcile existing compensation standards and offer multiple resettlement options to meet residents’ diverse needs.

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2026-08-20

Federal Reserve's Daly: I don't believe that investments in artificial intelligence will drive up overall inflation.

Federal Reserve's Daly: I don't believe that investments in artificial intelligence will drive up overall inflation.
2026-08-20

Precious metal futures contracts all strengthened. Shanghai Gold (2610 contract) rose 2.45% to 972.56 yuan/gram. Shanghai Silver (2610 contract) rose 5.02% to 16,408 yuan/kilogram. Shanghai Platinum (2610 contract) rose 4.07% to 441.25 yuan/gram. Sha

Precious metal futures contracts all strengthened. Shanghai Gold (2610 contract) rose 2.45% to 972.56 yuan/gram. Shanghai Silver (2610 contract) rose 5.02% to 16,408 yuan/kilogram. Shanghai Platinum (2610 contract) rose 4.07% to 441.25 yuan/gram. Shanghai Palladium (2610 contract) rose 2.01% to 315 yuan/gram.
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