Real-time News

On May 26, it was reported that on May 25, the Party Committee of the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) held an enlarged meeting and a collective study session of the Party Committee's theoretical learning center group. The meeting emphasized that state-owned enterprises should continue to improve the institutional mechanisms for carrying out statistical work in a standardized manner, further tighten and implement the responsibility for preventing and combating statistical fraud, and hold those responsible for statistical fraud accountable. It stressed the need to firmly safeguard the lifeline of statistical data quality, effectively prevent and rectify the problem of false financial and accounting information, and strictly prevent and crack down on financial fraud. It also emphasized the need to establish and improve a comprehensive, full-process, and all-element penetrating supervision mechanism to achieve real-time monitoring and dynamic early warning of data from central enterprises.

Japanese Finance Minister Satsuki Katayama: Fluctuations in the oil market are affecting foreign exchange and financial markets.

On May 26th, Guangzhou held a press conference for a series of supporting documents related to the "Implementation Opinions on Further Promoting the Stable and Healthy Development of the Real Estate Market." Mai Shaoming, Deputy District Mayor of Huadu District, Guangzhou, introduced that after the implementation of the "Guangzhou Eight Measures," Huadu District took the lead in the city by issuing its own "Huadu Eight Measures." Following the implementation of the new policy, the real estate market in Huadu District has seen a continuous rebound in activity and a surge in transaction activity. Project visits, subscriptions, policy inquiries, and secondary market transactions have all increased significantly. Policy inquiries focused on core aspects such as pre-sale school placement, online contract signing for school enrollment, and subsidies for trade-ins, resulting in an overall positive trend of "increased volume, stable prices, and active transactions."

On May 26, the State Council Information Office held a press conference on the 2026 Qingdao Summit for Multinational Corporation Leaders. Vice Minister of Commerce Yan Dong stated that efforts will be strengthened to provide full-cycle services and create a "new benchmark" for the business environment. We will implement a series of policies to encourage reinvestment by foreign-invested enterprises in China, fully implement national treatment for foreign-invested enterprises, and support their participation in activities such as boosting consumption, government procurement, and bidding on an equal footing. We will continue to hold roundtables for foreign-invested enterprises, continuously update the list of key foreign investment projects, and carry out "service and support for foreign-invested enterprises" activities to ensure that foreign-invested enterprises are "willing to come, able to stay, and thrive."

On May 26, the State Council Information Office held a press conference on the 2026 Qingdao Summit for Multinational Corporation Leaders. Vice Minister of Commerce Yan Dong stated that efforts will be made to optimize the investment structure and activate new momentum for foreign investment. The Ministry of Commerce has issued and implemented the 2025 edition of the "Catalogue of Industries Encouraging Foreign Investment," adding 205 new encouraged categories. The focus is on advanced manufacturing, modern services, high technology, and energy conservation and environmental protection, providing policy support for foreign-invested enterprises to expand into high-end and emerging fields. The next step will be to attract more multinational corporations to locate their R&D and high-end manufacturing processes in China, resulting in a more optimized investment structure and stronger innovation momentum for foreign investment in China.

On May 26, the State Council Information Office held a press conference on the 2026 Qingdao Summit for Multinational Corporation Leaders. Vice Minister of Commerce Yan Dong stated that during the 15th Five-Year Plan period, the Ministry of Commerce will continue to steadfastly promote high-level opening-up, actively cultivate new advantages to attract foreign investment, and support foreign-invested enterprises in investing in and deepening their presence in China. Deepening the opening-up of the service sector will expand new spaces for foreign investment. With the complete elimination of foreign investment restrictions in my country's manufacturing sector, the next step will be to improve the negative list management system for cross-border service trade, orderly expand the independent opening-up of service sectors such as telecommunications, internet, education, culture, and healthcare, and steadily implement pilot programs for value-added telecommunications, biotechnology, and wholly foreign-owned hospitals. Support will be provided for foreign-invested enterprises in the service sector to extend their value chains, and in already opened sectors, foreign investment will be guaranteed both market access and operational rights. We will continue to deepen the national comprehensive pilot demonstration for expanding the opening-up of the service sector, and coordinate the construction of platforms such as the National Service Trade Innovation and Development Demonstration Zone and the National Digital Trade Demonstration Zone, sharing the dividends of service sector development with foreign-invested enterprises.

On May 26, the South China Sea Strategic Situation Awareness Initiative (SCSPI) released the "2025 Report on Military Activities of Extra-Regional Countries in the Western Pacific, Including the UK, France, Canada, and Australia" in Beijing. The report primarily discloses details of the military activities of extra-regional countries such as the UK, France, Canada, and Australia in the South China Sea, East China Sea, Sea of Japan, and Philippine Sea in the Western Pacific region by 2025.

On May 26th, Guangzhou held a press conference to announce a series of supporting documents for the "Implementation Opinions on Further Promoting the Stable and Healthy Development of the Real Estate Market." Huang Guanglie, Deputy Secretary-General of the Guangzhou Municipal Government, introduced that on April 30th, Guangzhou issued the "Implementation Opinions on Further Promoting the Stable and Healthy Development of the Real Estate Market" (also known as the "Guangzhou Eight Measures"). With the continued release of policy effects, market activity has been steadily increasing. Since May, the weekly visits, subscriptions, and online contract signings of key new housing projects in the city have increased by 26.9%, 36.9%, and 11.4% respectively compared to the previous week; the weekly contract signings of second-hand residential properties have increased by 9.3% compared to the previous week, while the number of newly listed properties has decreased by 16.7% year-on-year. The new housing provident fund policy has taken effect, with 4,484 loans processed, totaling 4.746 billion yuan, representing year-on-year increases of 47.05% and 56.43% respectively.

On May 26th, Guangzhou held a press conference to announce a series of supporting documents for the "Implementation Opinions on Further Promoting the Stable and Healthy Development of the Real Estate Market." Huang Guanglie, Deputy Secretary-General of the Guangzhou Municipal Government, introduced that since the beginning of this year, Guangzhou's real estate market has generally shown positive characteristics of "stabilized volume and prices, optimized structure, and reduced inventory." From January to April, the city's new residential property sales reached 3.154 million square meters, a year-on-year increase of 9.2%; both new and existing home price indices rose for two consecutive months, indicating a stable price trend; and the number of existing homes listed for sale declined for seven consecutive months, indicating a continued improvement in the supply-demand relationship in the existing housing market.

According to Wenjie Auto, the Wenjie M6 has delivered over 20,000 units.

U.S. Secretary of State Marco Rubio: There are currently no ongoing or scheduled negotiations between the United States and Ukraine.

On May 26th, at a press conference held by the State Council Information Office, Vice Minister of Commerce Yan Dong stated that from January to April this year, over 20,000 new foreign-invested enterprises were established nationwide, representing a year-on-year increase of 6.8%, with more than 3,000 of them making additional investments. He pointed out that China is not only a stabilizer of the global economy but also an essential destination for multinational corporations' future strategic planning.

US Secretary of State Marco Rubio: Negotiations on the wording related to the Iran agreement may “take a few more days.”

U.S. Secretary of State Rubio: (Regarding Iran) There were some talks in Qatar today.

The Hang Seng Tech Index rebounded, extending its gains to 2%; the Hang Seng Index is currently up 0.33%.

On May 26th, the Xiong'an 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 Xiong'an 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.

The Central Bank of Sri Lanka raised its overnight policy rate to 8.75%.

On May 26, Bank of Japan Deputy Governor Ryozo Himino stated that the Bank of Japan will monitor the impact of the Middle East situation on the Japanese economy and prices while assessing the timing and pace of policy adjustments. He indicated that the Bank of Japan will continue to raise policy interest rates and adjust the degree of monetary easing based on economic activity, price levels, and financial conditions.