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France's finance minister said the first batch of economic data released after the summer heatwave were "poor".
2026-08-28
France's finance minister said the first batch of economic data released after the summer heatwave were "poor".
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2026-08-28
The National Development and Reform Commission announced that, effective from 24:00 on August 28, the prices of gasoline and diesel (standard grades) in China will be increased by 375 yuan and 360 yuan per ton, respectively.
The National Development and Reform Commission announced that, effective from 24:00 on August 28, the prices of gasoline and diesel (standard grades) in China will be increased by 375 yuan and 360 yuan per ton, respectively.
2026-08-28
China’s Ministry of Housing and Urban-Rural Development, Ministry of Natural Resources and National Financial Regulatory Administration issued a notice to improve the commodity housing sales system and step up financing support for property projects.
China’s Ministry of Housing and Urban-Rural Development, Ministry of Natural Resources and National Financial Regulatory Administration issued a notice to improve the commodity housing sales system and step up financing support for property projects. The notice mandates a sponsor-bank system: each project selects one sponsor bank by mutual choice with the developer; the sponsor bank may provide development loans alone or lead a syndicate. If land-use rights are pledged for development loans, mortgages should be set on aggregated subdivided land-use rights, with detailed rules to follow. The notice explicitly supports project development raising companies funds via equity, bonds and other channels. For both completed-home sales and presales, financing should, on market principles, meet reasonable project needs and align loan disbursement with the project construction cycle.
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