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Real-time News
Russian Defense Ministry: Russia attacked an ammunition depot in Kyiv.The Russian Ministry of Defense stated that Russian forces launched nighttime strikes against Kyiv and surrounding areas in Ukraine.On August 20th, six departments in Shanghai—the Shanghai Municipal Commission of Housing and Urban-Rural Development, the Shanghai Municipal Housing Administration Bureau, the Shanghai Municipal Finance Bureau, the Shanghai Branch of the Peoples Bank of China, the Shanghai Financial Regulatory Bureau, and the Shanghai Municipal Housing Provident Fund Management Center—jointly issued the "Notice on Optimizing Shanghais Real Estate Policies and Measures," which will take effect on August 21, 2026. The notice stipulates that, guided by demand and in accordance with the development requirements for affordable rental housing during the 15th Five-Year Plan period, all central urban districts (including the area within the outer ring road of Pudong) should promote the acquisition of second-hand housing and accelerate its renovation and rental, effectively increasing the supply of affordable rental housing in the central urban areas.On August 20th, six departments in Shanghai, including the Shanghai Municipal Commission of Housing and Urban-Rural Development, the Shanghai Municipal Housing Administration Bureau, the Shanghai Municipal Finance Bureau, the Shanghai Branch of the Peoples Bank of China, the Shanghai Financial Regulatory Bureau, and the Shanghai Municipal Housing Provident Fund Management Center, jointly issued the "Notice on Optimizing Real Estate Policies and Measures in Shanghai," which will take effect on August 21, 2026. The "Notice" clarifies that efforts will be further strengthened to implement housing vouchers, adding housing voucher resettlement methods to compensation and resettlement for land acquisition and demolition. It focuses on urban village renovation and old city reconstruction projects, balancing existing land acquisition and demolition compensation standards and using multiple methods to meet the diverse resettlement needs of residents.On August 20th, six departments, including the Shanghai Municipal Commission of Housing and Urban-Rural Development, the Shanghai Municipal Housing Administration Bureau, the Shanghai Municipal Finance Bureau, the Shanghai Branch of the Peoples Bank of China, the Shanghai Financial Regulatory Bureau, and the Shanghai Municipal Housing Provident Fund Management Center, jointly issued the "Notice on Optimizing Real Estate Policies and Measures in Shanghai," which will take effect on August 21, 2026. The notice proposes optimizing the frequency and limits of housing provident fund withdrawals for home purchases. For those who have already purchased a home in Shanghai and do not have a personal housing provident fund loan or have not applied for housing provident fund loan repayment, the frequency and amount of withdrawals for home purchases will be further relaxed. The frequency of withdrawals will be changed from "once within 5 years from the date of issuance of the property ownership certificate" to "once every calendar year"; the amount of withdrawals will be relaxed to "not exceeding the purchase price of the home paid with ones own funds."
