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Real-time News
On August 20, 2026, the Shenzhen Intermediate Peoples Court of Guangdong Province publicly announced the first-instance verdict in the case of Evergrande Group Co., Ltd. (hereinafter referred to as Evergrande Group), Evergrande Real Estate Group Co., Ltd. (hereinafter referred to as Evergrande Real Estate), and Xu Jiayin. Evergrande Group was fined RMB 8.82 billion for multiple crimes; Evergrande Real Estate was fined RMB 7 billion; and Xu Jiayin was sentenced to life imprisonment for multiple crimes, with deprivation of political rights for life and confiscation of all personal property. The illegal gains will continue to be pursued, and any shortfall will be ordered to be repaid. On the same day, the Shenzhen Intermediate Peoples Court and the Nanshan District Peoples Court of Shenzhen also publicly announced verdicts in cases involving Evergrande Group personnel for illegal absorption of public deposits, fundraising fraud, and illegal use of funds. 56 individuals, including Zhen Litao, Ke Peng, Xu Tenghe, Xu Zhijian, Du Liang, and Liang Dong, were sentenced to prison terms ranging from eighteen years to one year and ten months, with fines or confiscation of property. The illegal gains will continue to be pursued, and any shortfall will be ordered to be repaid.On August 20th, the Ministry of Transport held a special press conference to introduce the "Artificial Intelligence + Transportation" typical application scenario innovation action and answer reporters questions. Xu Wenqiang, Director of the Science and Technology Department of the Ministry of Transport, stated that transportation is the main artery of the national economy and also a super-real-world testing ground and main battleground for the large-scale application of artificial intelligence. In recent years, the Ministry of Transport has accelerated the deep integration of artificial intelligence and transportation.Romanias Ministry of Defense: A drone crashed into Romanian territory during Russias attack on neighboring Ukraine.At the close of the morning session, domestic futures contracts showed mixed results. Shanghai silver rose nearly 5%, platinum rose over 4%, Shanghai gold and palladium rose over 2%, rapeseed oil rose nearly 2%, and Shanghai tin, palm oil, and TSR20 rubber rose over 1%. On the downside, low-sulfur fuel oil (LU) and iron ore fell over 2%, while paraxylene, synthetic rubber, PTA, and plastics all fell by nearly 2% on average.On August 20th, a report released by JLL showed that commercial real estate investment in the Asia-Pacific region reached US$45.5 billion in the second quarter of 2026, a year-on-year increase of 38%; total investment in the first half of the year reached US$92.5 billion, a year-on-year increase of 35%. Despite challenges such as energy inflation, currency volatility, and supply chain disruptions, the Asia-Pacific region still achieved its strongest first-half transaction volume ever. In the second quarter, commercial real estate investment in mainland China reached US$4.8 billion, a year-on-year decrease of 6%, and total investment in the first half of the year reached US$8.5 billion, a year-on-year decrease of 8%, with active investment and transactions in the office building sector. The Hong Kong market continued its recovery, with total investment of US$3.1 billion in the second quarter, a significant year-on-year increase of 129%, and total investment of US$4.7 billion in the first half of the year, a year-on-year increase of 90%. JLL pointed out that despite the challenges of the macroeconomic environment, the Chinese commercial real estate investment market still showed resilience in the first half of 2026. Domestic institutions continued to dominate the market, and the liquidity of high-quality assets in core cities gradually improved.
