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On April 20th, six departments, including the Zhuhai Municipal Housing and Urban-Rural Development Bureau, issued a notice on optimizing and adjusting the citys real estate policies. The notice proposes optimizing housing provident fund loan policies. First, it increases the maximum housing provident fund loan amount. For eligible families with single or dual contributors, the maximum individual housing provident fund loan amount is increased from 800,000 yuan to 1 million yuan and from 1.3 million yuan to 1.5 million yuan, respectively. Second, it expands support for families with multiple children purchasing homes. For families with multiple children applying for a provident fund loan to purchase a second owner-occupied home, the loan amount can be increased by 20% on top of the available loan amount, but not exceeding the citys maximum provident fund loan limit. Third, it increases the upward adjustment ratio for loans to purchase green buildings. For employees who contribute to the housing provident fund and purchase commercial housing that meets the national standard for two-star green building or has been identified as a prefabricated building project, the loan amount can be increased by 20% on the basis of the available loan amount, but shall not exceed the maximum limit of housing provident fund loans in our city; for those who purchase commercial housing that meets the national standard for three-star green building, the loan amount can be increased by 30% on the basis of the available loan amount, but shall not exceed the maximum limit of housing provident fund loans in our city.CEO of chemical company Fertiglobe: Nitrogen fertilizer prices may rise further.Market news: The U.S. State Department announced the suspension of all consular services in Iraq and stated that some factions within the Iraqi government are providing cover for "Iranian-allian-linked Iraqi terrorist militias."April 20 - The Japan Meteorological Agency revised the magnitude of the earthquake that struck the northeastern coastal region of Japan to 7.7 and the depth to 20 kilometers.On April 20th, the Guangdong Provincial Party Committees Financial and Economic Affairs Commission held a meeting to analyze the economic situation in the first quarter and to plan and promote key projects for the next stage of economic work. Huang Kunming presided over the meeting, and Meng Fanli attended. The meeting emphasized the need to focus on the work in the second quarter and throughout the year, consolidating and expanding the positive momentum of the economy. It stressed the importance of comprehensively strengthening the foundation for industrial development, adhering to the principle of mutual promotion between industry and technology, and the coordinated development of manufacturing and service industries. This includes further strengthening pillar industries such as electronic information and new energy vehicles, accelerating the optimization and upgrading of traditional industries through technological innovation, brand cultivation, and standard leadership, strengthening the support of the service industry, and promoting the mutual achievement of a "manufacturing powerhouse" and a "service hub," thus better solidifying the "ballast stone" of the real economy. The meeting also emphasized the need to vigorously expand domestic and international markets, deepen the implementation of "Guangdong Trade Global," actively develop new forms and areas of foreign trade, and continue to successfully hold exhibitions such as the Canton Fair to better stabilize the international market.

Britain proposes regulation of all cryptoassets

Skylar Shaw

Oct 28, 2022 15:15



Under a proposal the UK financial services minister has added to a draft bill that is now before parliament and is virtually surely going to pass, Britain would have the authority to regulate all cryptoassets.


The modification to the financial services and markets law was proposed by Andrew Griffith, who was re-appointed as City Minister by Britain's new Prime Minister Rishi Sunak on Thursday. The proposal is now being approved by parliament.


The Financial Conduct Authority is only given authority to regulate stablecoins under the law as it was initially written, but the change expands that authority to include marketing for all cryptoassets.


In a parliamentary document dated Thursday, the amendment states that "this new clause amends the Financial Services and Markets Act 2000 to clarify that the powers relating to financial promotion and regulated activities can be relied upon to regulate cryptoassets and activities relating to cryptoassets."

If the administration proposes an amendment, it will very probably become law.


It would bring Britain closer to parity with the markets of the European Union in the cryptoassets legislation that is currently being finalized and is regarded as the first complete set of regulations for the nascent cryptocurrency industry.


Separately on Thursday, Sam Woods, the deputy governor of the Bank of England, said that the institution is advancing with the development of a regulatory framework for systemic stablecoins. This will enable both non-banks and banks governed by the BoE to innovate, and according to Woods, a public consultation document on the new system will be released the following year.