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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.On August 28th, 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 defines housing rental development and construction loans as loans issued by banking financial institutions to various entities, including real estate development enterprises, industrial parks, rural collective economic organizations, and enterprises and institutions, for the construction of rental housing in accordance with laws and regulations. The term of housing rental development and construction loans is generally three years, with a maximum of five years.The Peoples Bank of China and the State Financial Regulatory Commission may, in accordance with their respective responsibilities, establish new real estate loan products based on the needs of economic and social development.August 28th - Due to the US relocating Patriot air defense interceptors from Europe to the Middle East to counter Iranian drone and missile attacks, US and NATO forces in Europe are facing a shortage of Patriot interceptors. On the 27th, US defense officials stated that US forces in Europe "absolutely" do not have enough Patriot interceptors to defend against a potential sustained ballistic missile attack, and their ability to defend against a single ballistic missile attack is also "very limited." NATO officials also revealed that both US and NATO forces in Europe are facing a shortage of Patriot interceptors.

NZD/USD falls rapidly from 0.6260 when the RBNZ announces a decline in inflation projections to 3.07 percent

Daniel Rogers

Aug 08, 2022 12:00

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The NZD/USD pair has encountered selling pressure while attempting to surpass the immediate resistance level of 0.6260. The asset has seen bids after the Reserve Bank of New Zealand (RBNZ) announced inflation estimates at 3.07 percent, down from 3.29 percent previously. It could be an indication of waning price pressure, but additional evidence is still needed to support the argument.

 

Price pressures in the New Zealand economy are increasing and have not yet shown signs of weariness. A June report indicates that an inflation rate of 7.3% is adequate to generate headwinds for families. The RBNZ is consistently escalating its policy tightening measures to combat the same. RBNZ Governor Adrian Orr has already increased the Official Cash Rate by 2.50 percentage points.

 

On the front of the US dollar, the US dollar index (DXY) has returned all intraday gains and is currently trading near the day's open at 106.60. While attempting to break over the crucial resistance level of 106.80, the DXY has encountered selling pressure. This week, investors' attention is centered on Wednesday's release of the US Consumer Price Index (CPI).

 

The annual inflation rate is projected to continue at 8.7 percent, down from 9.1 percent in the previous report. Oil prices have been on a downward trend in July, which may be the determining factor for a significant decline in the price increase index. While the US CPI excluding volatile food and oil prices may increase from 5.9 percent to 6.1 percent, the previous reading was 5.9 percent.

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