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Real-time News
August 20 - The National Immigration Administration announced today that starting August 20, 2026, citizens of Kyrgyzstan and Vietnam will be eligible for the 240-hour visa-free transit policy and the 30-day visa-free entry policy in Hainan to travel to China. The number of countries eligible for the 240-hour visa-free transit policy has increased to 57, and the number of countries eligible for the 30-day visa-free entry policy in Hainan has increased to 61.On August 20th, according to local media reports, an oil storage tank belonging to Stora Enso, located in the Kaukopaa industrial area of Imatra province in southeastern Finland, exploded and caught fire early on August 18th. Approximately 50 cubic meters of tar oil leaked onto the site, with some flowing into nearby Lake Saimaa. Stora Enso is investigating the cause of the tanks internal pressure buildup and subsequent rupture. The company stated that production at the Imatra plant has been temporarily suspended to assess the damage and begin repair work. It is currently unclear how long the shutdown will last. Stora Ensos Imatra plants, including the Kaukopaa and Teinjonkoski plants, are among the worlds largest producers of consumer packaging paperboard. The Kaukopaa plant is located in southern Finland, approximately 10 kilometers from the Russian border.On August 20th, the latest Loan Prime Rate (LPR) was released, with no adjustments made to the 1-year and 5-year LPRs. The Peoples Bank of China authorized the National Interbank Funding Center to announce that the 1-year LPR was 3% and the 5-year LPR was 3.5%. Loan interest rates in my country have remained low this year. Data shows that in July, the weighted average interest rate for newly issued corporate loans was slightly below 3%, about 0.2 percentage points lower than the same period last year; the weighted average interest rate for newly issued personal housing loans was about 3.1%, basically unchanged from the same period last year.Hong Kong-listed new energy vehicle stocks rose, with NIO-SW (09866.HK) and Li Auto (02015.HK) up more than 5%, XPeng Group (09868.HK) up 3.7%, Xiaomi Group (01810.HK) up 3.6%, and Leapmotor (09863.HK) up 3.2%.On August 20th, Futures News reported that on the evening of August 19th local time, Gabriel Ocanha, head of the Nariño province of the National Disaster Risk Management Agency in Colombia, stated that an explosion occurred at a mine in Policalpa city, Nariño province. Preliminary statistics indicate that the accident has resulted in 3 deaths, 7 injuries, and 8 missing persons. Nariño province governor Luis Alfonso Escobar stated on his social media that he is coordinating with the Policalpa city government to mobilize relevant departments to handle the accident and has dispatched personnel from the Disaster Risk Management Agency to the scene.
