China extends home mortgages to forty years.
Today's events
Mortgage overhaul.
The central bank and financial regulator extended the maximum home loan to forty years and barred banks from releasing mortgages before a building is finished.1Aug 28 · Central BankTibet rescue, day three.
Rescuers at the Gyirong border crossing now number 2,096; an avalanche dropped 50,000 cubic metres of ice into the barrier lake above them.2Aug 29 · State CouncilInvestment slide.
Planners and five ministries convened a national conference to halt a fall in investment, ordering faster use of local special-purpose bond money.3Aug 28 · PlannersXi's Kyrgyzstan article.
Qiushi carried Xi's signed article in Kyrgyz media on August 28, on the eve of his state visit and the Shanghai Cooperation Organisation summit.4Aug 28 · QiushiPower demand record.
July electricity use hit a record 1.04 trillion kilowatt-hours; charging stations and data centres supplied more than four-fifths of service-sector growth.5Aug 28 · Energy Admin.Environment code.
A State Council decree amended twelve regulations and repealed three to align them with China's new Ecological Environment Code, raising carbon-market penalties.6Aug 28 · State CouncilQingdao propaganda chief expelled.
Shandong expelled Liu Shengqin, formerly on Qingdao's Party standing committee, from the Party and public office; his bribery case goes to prosecutors.7Aug 27 · CCDITen-gigabit network.
China has built 136 ten-gigabit optical pilot projects; the industry ministry opened a sixth-generation mobile programme targeting home-grown designs by 2029.8Aug 28 · State CouncilCambodia memorandum.
Cambodia signed a memorandum promising Beijing that its trade deals with third countries will not target China or obstruct Chinese commerce with Southeast Asia.9Aug 24 · Commerce Ministry
Voices
“We must unequivocally oppose hegemonism, unilateralism and bloc confrontation, join forces against terrorism, separatism and extremism, and build a fairer, more reasonable global governance system.”
Xi Jinping, signed article in Kyrgyz media · Aug 284
“Chinese and Nepali experts and official bodies have made assessments of the cause: the disaster was triggered by a high-altitude glacier collapse inside Nepal.”
Foreign Ministry Spokesperson Lin Jian · Aug 2810
“For pre-sold homes the loan must be released strictly after the project files for completion, ensuring the buyer can take the home before repaying.”
Central bank official, on the property-credit reform · Aug 281
“Facing the difficulties and challenges in current investment, we must hold firm to confidence, act on our own initiative, and take strong, effective measures.”
National investment work conference readout · Aug 283
“[Liu Shengqin] lost his ideals and convictions, abandoned his founding mission, was disloyal and dishonest to the Party, and resisted the organisation's investigation.”
Shandong Commission for Discipline Inspection · Aug 277
“Electricity use by new growth drivers keeps growing fast; new quality productive forces are steadily strengthening their support for power demand.”
Wu Liqiang, China Electricity Council · Aug 285
Sources
- People's Bank of China, “Officials Answer Reporters' Questions on the Opinions on Reforming and Improving Real-Estate Credit Management and Accelerating a New Development Model for Real Estate,” August 28, 2026. pbc.gov.cn/…/real-estate-credit-management
- State Council, “Rescue Operations at the Gyirong Mudslide Disaster in Tibet Proceed Intensively and In Order,” August 29, 2026. gov.cn/yaowen/…/gyirong-mudslide-rescue
- National Development and Reform Commission, “The Commission Convenes the National Investment Work Advancement Conference,” August 28, 2026. ndrc.gov.cn/xwdt/…/national-investment-conference
- Qiushi, “Xi Jinping Publishes a Signed Article in Kyrgyzstani Media” (‘Working Together to Open a New Chapter of High-Quality Development in China–Kyrgyzstan Relations’), August 28, 2026. qstheory.cn/…/xi-kyrgyzstan-signed-article
- National Energy Administration, “A New High Again: July Electricity Consumption Tops One Trillion Kilowatt-Hours,” August 28, 2026. nea.gov.cn/…/july-electricity-consumption
- State Council, “Decision on Amending and Repealing Certain Administrative Regulations” (Order No. 843 of August 8, 2026; in force August 15), published August 28, 2026. gov.cn/zhengce/…/state-council-order-843
- Central Commission for Discipline Inspection, “Liu Shengqin, Former Member of the Qingdao Municipal Party Standing Committee and Former Head of Its Propaganda Department, Expelled from the Party and from Public Office,” August 27, 2026. ccdi.gov.cn/yaowenn/…/liu-shengqin-expelled
- State Council, “China Accelerates Construction of a New-Generation Communications Network,” August 28, 2026. gov.cn/yaowen/…/new-generation-communications-network
- Ministry of Commerce, “The Ministry of Commerce and Cambodia's Ministry of Commerce Sign a Memorandum of Understanding on Strengthening Cooperation and Mutual Understanding in the Context of Third-Country Trade Measures,” August 24, 2026. mofcom.gov.cn/xwfb/…/cambodia-memorandum
- Ministry of Foreign Affairs, “Regular Press Conference Held by Spokesperson Lin Jian,” August 28, 2026. mfa.gov.cn/wjdt/…/press-conference-aug-28