Domestic News:
1. Two departments issued the "Opinions on Reforming and Improving Real Estate Credit Management and Promoting the Accelerated Construction of a New Model for Real Estate Development," extending the maximum term for personal housing loans from 30 years to 40 years.
2. Three departments issued a notice on improving the sales system for commercial housing, promoting the sale of existing homes and achieving "what you see is what you get."
3. To reform and improve the real estate financing system, the State Financial Regulatory Commission issued five management measures.
4. Income from the transfer of restricted shares of listed companies by individuals is subject to a 20% personal income tax rate.
5. Changxin Technology: Net profit for the first half of the year was 77.605 billion yuan, turning a loss into a profit year-on-year.
6. The National Development and Reform Commission held a national investment work promotion meeting.
International News:
1. India's foreign exchange reserves rose to a record $729.33 billion.
2. Japan spent a record $96.4 billion in the past month to support the yen.
3. The Russian Ministry of Defense announced today (August 28) the successful test launch of an intercontinental ballistic missile. 4. The preliminary estimate for the baseline change in US non-farm payrolls in 2026 is -79,000, compared to market expectations of 183,000.
5. Chevron and other US companies are close to reaching an agreement to invest billions of dollars in Venezuelan oil fields.
6. Federal Reserve—① Hamak: The Fed should take action to raise interest rates; waiting will only bring pain. He does not believe financial conditions are tight. ② Warsh: Inflation data does not show a significant improvement in the trend; the Fed's main focus should be on prices. ③ Warsh: We must be certain that underlying inflation is moving towards the target, otherwise we still have work to do. It's difficult to describe financial conditions as restrictive. ④ Market pricing indicates that the probability of a Fed rate hike in September is higher than the probability of maintaining the current rate.
7. Middle East Situation—
① Goldman Sachs: Persian Gulf oil exports have recovered to about two-thirds of pre-war levels.
② Iranian Foreign Minister: Getting diplomacy back on track is not impossible, but "pressure will not work."
③ The US hopes to widen the main shipping lanes of the Strait of Hormuz by mid-September so that at least 50 ships can enter and exit the Gulf each night.
④ Trump stated that the Strait of Hormuz is open, and US officials said that Iran's leverage is being eroded.
⑤ The Iranian Foreign Ministry condemned the new economic threat from the US and called on all countries not to implement it.
