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On September 15th, data from the National Bureau of Statistics showed that in August, the year-on-year decline in new residential property prices in first-tier cities was 0.9%, a decrease of 0.2 percentage points compared to the previous month. Specifically, prices in Beijing, Guangzhou, and Shenzhen fell by 2.3%, 1.9%, and 2.3% respectively, while Shanghai saw an increase of 3.0%. In second- and third-tier cities, the year-on-year declines in new residential property prices were 2.7% and 4.1% respectively, both narrowing by 0.1 percentage points. In August, the year-on-year decline in existing residential property prices in first-tier cities was 2.7%, a decrease of 1.0 percentage point compared to the previous month. Specifically, prices in Beijing, Shanghai, Guangzhou, and Shenzhen fell by 3.5%, 0.8%, 3.8%, and 2.7% respectively. In second- and third-tier cities, the year-on-year declines in existing residential property prices were 4.9% and 5.6% respectively, both narrowing by 0.2 percentage points.New Residential Housing Prices: 1. Beijing: August new residential housing prices -0.2% month-on-month (previous value -0.3%), -2.3% year-on-year (previous value -2.3%). 2. Shanghai: August new residential housing prices +0.4% month-on-month (previous value +0.2%), +3.0% year-on-year (previous value +3.0%). 3. Guangzhou: August new residential housing prices +0.1% month-on-month (previous value +0.1%), -1.9% year-on-year (previous value -2.2%). 4. Shenzhen: August new residential housing prices +0.2% month-on-month (previous value +0.2%), -2.3% year-on-year (previous value -2.9%). Second-hand Residential Housing Prices: 1. Beijing: August second-hand residential housing prices -0.1% month-on-month (previous value 0.0%), -3.5% year-on-year (previous value -4.5%). 2. Shanghais existing home prices in August increased by 0.3% month-on-month (previous value +0.3%) and decreased by 0.8% year-on-year (previous value -2.0%). 3. Guangzhous existing home prices in August remained unchanged month-on-month (previous value +0.4%) and decreased by 3.8% year-on-year (previous value -4.7%). 4. Shenzhens existing home prices in August increased by 0.1% month-on-month (previous value +0.2%) and decreased by 2.7% year-on-year (previous value -3.6%).National Bureau of Statistics: Beijings second-hand housing prices in August decreased by 0.1% month-on-month (previous value +0%) and decreased by 3.5% year-on-year (previous value -4.5%).According to the National Bureau of Statistics, the price of second-hand residential properties in Shenzhen rose 0.1% month-on-month in August (up 0.2% in the previous month) and fell 2.7% year-on-year (down 3.6% in the previous month).September 15th - The 2026 China Carbon Market Conference was held in Wuhan, Hubei Province this morning, and the "National Carbon Market Development Report (2026)" was released at the conference. Reporters learned that as of the end of August, the national carbon emission trading market had accumulated transactions exceeding 900 million tons, with a transaction value exceeding 60 billion yuan. The national carbon market has grown from nothing to a significant stage, playing a crucial role in promoting the achievement of carbon peaking and carbon neutrality goals.

Brother of ex-Coinbase manager pleads guilty to insider trading charge

Jimmy Khan

Sep 13, 2022 11:46

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In what U.S. authorities have dubbed the first insider trading case involving cryptocurrencies, the brother of a former Coinbase Global Inc product manager entered a guilty plea to a wire fraud conspiracy charge on Monday.


Nikhil Wahi, 26, acknowledged making transactions using secret Coinbase information during a virtual court proceeding before U.S. District Judge Loretta Preska in Manhattan.


Ishan Wahi, the former product manager, allegedly sent secret information about new digital assets that Coinbase planned to allow customers trade to his brother and their mutual acquaintance Sameer Ramani.


The assets were reportedly acquired by Nikhil Wahi and Ramani using Ethereum blockchain wallets, and were allegedly transacted at least 14 times prior to Coinbase disclosures in June 2021 and April 2022.


According to prosecutors, these disclosures often increased the value of the assets and produced profits of at least $1.5 million.


Nikhil Wahi admitted to the court, "I understood that it was improper to obtain Coinbase's sensitive information and execute transactions based on that secret information.


He said that he was aware that by entering a guilty plea, he would ultimately be removed from the country and "lose all that I have fought for."


Last month, Nikhil Wahi entered a guilty plea; however, he then altered it after reaching a deal with the prosecution. In December, he will be sentenced.


Ishan Wahi has entered a not guilty plea and will next be in court on March 22. Ramani, who was charged as well, is missing.


One of the biggest cryptocurrency exchanges in the world is Coinbase, which claims to have disclosed its findings from an internal investigation into the trade with the authorities.

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