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Real-time News
On May 26th, the Xiongan New Area Housing Management Center issued a notice regarding the optimization and adjustment of housing provident fund withdrawal and loan policies. The notice states that for employees who meet the conditions for rent withdrawal in the New Area, the maximum withdrawal amount is increased to 17,000 yuan per year if they have not registered their housing rental contract; and to 25,000 yuan per year if they have registered their housing rental contract through the "Hebei Xiongan New Area Housing Rental Information Service Platform." For employees purchasing owner-occupied housing in the New Area and applying for a housing provident fund loan, the maximum loan amount is increased to 800,000 yuan. For employees of Beijing-based relocated units whose housing provident fund contributions are located in the New Area and who purchase owner-occupied housing in the New Area, the maximum loan amount is increased to 1.2 million yuan. For families with two or more children purchasing owner-occupied housing in the New Area and applying for a housing provident fund loan, the maximum loan amount is increased by 200,000 yuan. For employee families with only one fully repaid housing provident fund loan record nationwide and no housing in the New Area, the first-time homebuyer housing provident fund loan policy will apply.On May 26th, the highest 7-day annualized yield of Tencent Wealth Managements "Current Account +" was 1.2740%, and the lowest was 0.8100%. The highest 7-day annualized yield of WeChat Pays "Lingqian Tong" was 1.0360%, and the lowest was 0.0030%. The highest 7-day annualized yield of Alipays "Yuebao" was 1.0410%, and the lowest was 1.0000%.Lenovo Group (00992.HK) rose over 9%, currently trading at HK$17.19 per share. In related news, investment banks such as Goldman Sachs raised their target price for Lenovo Group, to as high as HK$27.On May 26th, according to statistics from the China Index Academy, the secondary housing market in key cities remained highly active in May. From May 1st to 24th, 107,000 secondary residential units were sold in 20 cities, a year-on-year increase of 19.5%, with the growth rate continuing to expand compared to April. Regarding prices, core cities experienced an accelerated decline in the fourth quarter of last year, while Shanghai saw consecutive month-on-month increases in March and April this year, and the declines in cities such as Beijing and Shenzhen have also narrowed significantly compared to the fourth quarter of last year. The simultaneous occurrence of increased transaction volume, stable listings, and stabilizing prices is a key difference between this round of recovery and last years "price-for-volume" model.Bank of Japan Deputy Governor Ryozo Himino: We will closely monitor the impact of the situation in the Middle East on the Japanese economy and prices, while assessing the likelihood of the baseline scenario being realized, and considering the timing and pace of policy adjustments accordingly.
