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Shanghai issued local implementation rules for commodity housing sales reform, mandating a sponsor-bank system. From Aug 28, 2026, projects with newly signed loan contracts must adopt the sponsor-bank regime: if a single bank provides the development

2026-09-28

Shanghai issued local implementation rules for commodity housing sales reform, mandating a sponsor-bank system. From Aug 28, 2026, projects with newly signed loan contracts must adopt the sponsor-bank regime: if a single bank provides the development loan that bank is the sponsor; for syndicated loans the syndicate lead bank is the sponsor. Real estate developers must open project fund accounts at the sponsor bank; during the project lifecycle all project-related funds—including development loans, developers’ own capital and proceeds from sales of completed homes—must be managed through that account. City and district real estate transaction centers will serve as housing-fund supervisors and carry out funds supervision as prescribed.

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2026-09-28

India's NIFTY Financial Services Index fell 1%, and the Banking Index was last down 1.02%. The National Stock Exchange of India fell 0.48% to 1784 rupees, below its IPO price of 1785 rupees.

India's NIFTY Financial Services Index fell 1%, and the Banking Index was last down 1.02%. The National Stock Exchange of India fell 0.48% to 1784 rupees, below its IPO price of 1785 rupees.
2026-09-28

UK Prime Minister Burnham said claims that the UK is unprepared on defense are unacceptable.

UK Prime Minister Burnham said claims that the UK is unprepared on defense are unacceptable.
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