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Real-time News
On August 28th, Pakistan, which had previously engaged in defense cooperation with Saudi Arabia, subsequently reached a joint defense agreement with Saudi Arabia and Turkey, and on August 27th signed a new defense cooperation agreement with Kuwait. Why has Pakistan gained the defense trust of multiple Middle Eastern countries? And how much impact will this have on the USs dominant security position in the Gulf region? According to Middle East expert Wang Jin, Pakistans outstanding military capabilities and unique political identity—being a predominantly Sunni Muslim country—make it easy for it to gain the favor and support of many Islamic countries in the Middle East. Furthermore, historically, Pakistan has maintained very close military cooperation with many Gulf states. These characteristics make Pakistan a top choice for defense cooperation among many Middle Eastern countries. Pakistan will inevitably play an even more important supporting role in Middle Eastern security and defense in the future. However, this does not mean that the USs dominant role in the Middle East is weakening; other countries will find it difficult to replace the USs military presence and security guarantee mechanisms in the Middle East in the short term.On August 28th, during the earnings call, Meituans management stated that in the second quarter, Meituan continued to strengthen its leading advantages in user structure, order structure, and operational efficiency. Looking ahead to the third quarter, the unit economics (UE) of food delivery is expected to improve significantly year-on-year, but will decline sequentially due to seasonal factors, and is expected to remain positive.Beike (BEKE.N) shares rose about 12% in pre-market trading after Chinas State Financial Regulatory Commission issued five management measures to reform and improve the real estate financing system.The *Trial Measures for the Management of Loans for Commercial Housing Development* draws heavily on the experience and practices of the "whitelist" mechanism, treating projects of different ownership equally and meeting the reasonable financing needs of commercial housing development projects. The *Trial Measures for the Management of Personal Housing Loans* reasonably adjusts the timing of loan disbursements, appropriately optimizes the upper limit of the income-to-debt ratio, and extends the upper limit of loan terms, protecting the legitimate rights and interests of homebuyers while better meeting residents rigid and improved housing needs. The *Trial Measures for the Management of Commercial Real Estate Loans* clarifies loan requirements for the development, purchase, and operation stages of commercial real estate, supporting the stable and healthy development of the commercial real estate market. The *Trial Measures for the Management of Loans for Urban Renewal Projects* guides banking financial institutions to enhance the accuracy, adaptability, and effectiveness of financial services for urban renewal, contributing to the high-quality advancement of urban renewal. The *Trial Measures for the Management of Trust Companies Trust Business in the Real Estate Sector* adheres to the principles of serving the real economy, controllable risk, and implementing investor suitability management. By clarifying business rules, strengthening professional capacity building, and enhancing investor protection, it promotes trust companies to better leverage their unique advantages in conducting trust business in the real estate sector.On August 28, the Peoples Bank of China and the State Financial Supervision and Administration Bureau issued a notice entitled "Opinions on Reforming and Improving Real Estate Credit Management and Promoting the Accelerated Construction of a New Model for Real Estate Development." The notice states that for borrowers of existing personal housing loans who experience temporary loss of income and difficulty in repaying their loans, banking financial institutions may, in accordance with market-oriented and rule-of-law principles, negotiate with borrowers to flexibly adjust repayment plans by reasonably postponing repayment times, extending loan terms, or delaying principal repayment.
