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Real-time News
On August 26, the Shanghai branch of the Peoples Bank of China released the monetary and credit situation in the Yangtze River Delta region in July 2026. The data showed that RMB deposits in the Yangtze River Delta region increased by RMB 214.6 billion in July, RMB 448.8 billion more than the same period last year; RMB loans decreased by RMB 19.6 billion, RMB 151.6 billion less than the same period last year.On August 26th, Jiangsu Province issued the "Three-Year Action Plan for Promoting the High-Quality Development of the Biopharmaceutical Industry in Jiangsu Province." The plan includes improving and perfecting a diversified payment system. It encourages commercial health insurance and medical mutual aid programs to include innovative drugs in their coverage, and to optimize and strengthen affordable commercial health insurance programs such as "Jiangsu Medical Benefit Insurance." The medical insurance department will leverage the trusted data space of the medical insurance industry to cooperate with eligible commercial health insurance companies in areas such as data integration and application, and settlement and clearing. Cases involving the application of innovative drugs within the coverage of relevant commercial health insurance may be excluded from the disease-based payment scope and will be paid after review and evaluation.Market news: Irans energy minister said that four power plants that were attacked at the beginning of the war have been rebuilt.On August 26, Iranian military spokesman Mohammad Akraminia stated that Iran has upgraded its military capabilities and is accelerating the reconstruction of damaged infrastructure after the war. Akraminia said that in response to potential further attacks from the United States, Iran plans to adjust its military strategy, shifting from a defensive to an offensive posture to protect its security. He also stated that Iran carried out several "preemptive actions" in the final stages of the war. He claimed that Irans attack on a US military base in Jordan effectively deterred further US attacks. Akraminia also stated that the Iranian government will offer financial rewards to anyone who captures US soldiers if they enter Iranian territory. He further announced that Iran has made significant progress in rebuilding infrastructure destroyed during the war and has also acquired new military equipment. Regarding the Strait of Hormuz, Akraminia stated that ships will be monitored by Iran before reaching the strait and will only be allowed to pass after obtaining Iranian permission.On August 26, the Xian Municipal Housing and Urban-Rural Development Bureau and three other departments issued measures to support the high-quality development of the Xian real estate market. The measures include five specific initiatives: optimizing planning and construction procedures, increasing support from housing provident funds, encouraging residents to sell old properties and buy new ones, establishing an efficient linkage mechanism for "mortgage-backed property transfers," and allowing enterprises to independently determine housing sales prices. The government will increase support for housing provident funds, raising the maximum loan amount for a single contributor to 900,000 yuan and for two contributors to 1.2 million yuan. Families with two or more children will see an increase of 20% on top of these limits. For purchasing commercial housing, the time limit for the homebuyer (property owner) and their spouse, children, and parents to withdraw provident funds will be extended from 5 years to 10 years from the date of online contract signing and registration, and these funds can be used jointly to pay for the purchase. The monthly provident fund withdrawal limit for employees without housing to rent housing will be increased from 1,500 yuan to 2,000 yuan. For the installation or renovation of elevators in existing owner-occupied housing within the urban area of Xian, the property owner and their spouse, children, and parents can all withdraw provident funds. Loan applicants for newly built commercial housing and second-hand housing, along with their spouses, can withdraw housing provident funds to directly pay the down payment.
