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The Hang Seng Tech Index rose more than 2%, and the Hang Seng Index rose 1.76%.On August 13, the Hefei Housing Provident Fund Management Center issued a notice extending the processing period for "commercial-to-public" loans. As of the end of July 2025, the individual loan ratio in the city (including the provincial branch) was 86.73%, and in the city center, it was 90.64%. Based on the acceptance of "commercial-to-public" loans and the current funding situation, the Center has decided that, starting August 20, 2025, individual commercial housing loans issued before December 31, 2021, can be converted into housing provident fund loans.Bilibili (09626.HK) saw its share price increase by 5%.On August 13, Zhu Fenglian, spokesperson for the Taiwan Affairs Office of the State Council, stated at a regular press conference that direct cross-strait air transport has greatly facilitated cross-strait people-to-people and economic exchanges, playing an important role in enhancing the common interests and well-being of compatriots on both sides of the strait. Since its maiden voyage in November 2011, the ro-ro passenger and cargo ship "Haixia" has transported nearly one million passengers and over 38,000 tons of cargo. The resumption of direct cargo flights by the "Haixia" has been warmly welcomed by people on both sides of the strait. It should be noted that due to obstruction and restrictions imposed by the Democratic Progressive Party (DPP) authorities, the long-awaited direct cross-strait passenger flights have yet to resume. There are no obstacles from the mainland to the resumption of normal cross-strait passenger shipping routes. The DPP authorities should fully consider the demands of the people on both sides of the strait and shipping companies, and fully resume direct cross-strait passenger shipping as soon as possible.On August 13, Zhu Fenglian, spokesperson of the Taiwan Affairs Office of the State Council, stated at a regular press conference of the Taiwan Affairs Office that the Democratic Progressive Party (DPP) authorities, out of their nature of seeking "independence", have been constantly manipulating judicial and administrative means to create "green terror", obstructing exchanges and interactions between Hong Kong and Taiwan, Macao and Taiwan, and escalating confrontation. Their despicable tricks are doomed to fail.

Biden Reversing Trump's Decision to Expand Oil Drilling in The Arctic

Haiden Holmes

Apr 26, 2022 10:01

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On Monday, the Biden administration rescinded a Trump administration proposal that would have permitted the government to lease more than two-thirds of the country's greatest tract of public property to oil and gas drilling.


The decision by the Bureau of Land Management reduces the amount of land available for lease in Alaska's National Petroleum Reserve, a nearly 23 million-acre zone home to species such as caribou and polar bears.


The decision reverts to an Obama-era plan that authorizes fossil fuel exploitation in up to 52% of the reserve, vs the Trump administration's desire to open up 82 percent of the land to drilling. Additionally, it will reinstall some environmental safeguards for designated portions of the reserve, including Teshekpuk Lake, a wildlife-rich wetland complex.


The action comes after the Bureau of Land Management awarded the fewest oil and gas permits for drilling on public lands under the Biden administration earlier this year.