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Hangzhou published local implementation opinions to reform market-rate housing sales, covering tighter presale management, orderly promotion of completed-home sales, a sponsor-bank system, increased financing support, optimized land supply, allowance

2026-10-15

Hangzhou published local implementation opinions to reform market-rate housing sales, covering tighter presale management, orderly promotion of completed-home sales, a sponsor-bank system, increased financing support, optimized land supply, allowance for phased project development, and staged completion filing. The guidance sets a policy cut-off: projects that obtained a construction planning permit on or before 28 Aug 2026 and choose to presell will remain subject to existing presale conditions and presale funds supervision. Projects that obtained state-owned construction land‑use rights on or before 28 Aug 2026 (including rights currently in transfer) but have not yet secured a construction planning permit will, in principle, be managed under presale rules applicable to newly acquired land projects.

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2026-10-15

UBS raises its price target for BlackRock (BLK.N) from $1,277 to $1,300.

UBS raises its price target for BlackRock (BLK.N) from $1,277 to $1,300.
2026-10-15

European equities on Oct 15: Germany's DAX rose 87.32 pts (+0.35%) to 25,385.93; UK's FTSE 100 gained 111.87 pts (+1.04%) to 10,836.73; France's CAC 40 added 61.59 pts (+0.78%) to 7,934.70; EUROSTOXX 50 fell 19.22 pts (-0.31%) to 6,171.15; Spain's IB

European equities on Oct 15: Germany's DAX rose 87.32 pts (+0.35%) to 25,385.93; UK's FTSE 100 gained 111.87 pts (+1.04%) to 10,836.73; France's CAC 40 added 61.59 pts (+0.78%) to 7,934.70; EUROSTOXX 50 fell 19.22 pts (-0.31%) to 6,171.15; Spain's IBEX 35 dropped 42.06 pts (-0.22%) to 19,188.64; Italy's FTSE MIB slipped 336.34 pts (-0.68%) to 49,417.50.
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