Policy

PBOC and Financial Regulator Jointly Issue Document: Maximum Term for Personal Housing Loans Extended to 40 Years

On Aug. 28, 2024, the People's Bank of China and the National Financial Regulatory Administration jointly issued guidelines extending the maximum term for individual mortgage loans from 30 years to 40 years. Several banks have already accepted applications from new customers, while existing borrowers must wait for detailed rules. Total interest payments will increase.

Starting from Tsinghua University President's "First Lesson of the New Semester": All Large Models Can Program, Why Do Students Still Need to Learn Themselves?

On August 27, Tsinghua University President Qiu Yong introduced in the first graduate class that despite the powerful programming capabilities of large language models, students still need to learn programming to cultivate their judgment and evidence-based abilities. The article emphasizes that AI is a magnifying glass, which can amplify capabilities as well as laziness, and hands-on practice is the key to forming judgment.

In Q1 2026, AI Agents Came of Age

AI agents have come of age. Where does that leave humans?

8:01 Krypton | Iran's Parliament Approves Toll Collection for Strait; Multiple Electric Vehicle Brands to Raise Prices; Miniso Responds to Membership Requirement for Blind Box Purchases

Iran's parliament has approved tolls for passage through the strait, which must be paid in the local currency.

Kr Star Evening News | China's first 10,000-card full-stack self-controllable intelligent computing cluster goes live; Pop Mart theme park tickets to rise; Ant Group security team discovers multiple high-risk vulnerabilities in OpenClaw and assists with rapid fixes

Samsung Electronics has begun mass production of 236-layer NAND flash memory.

Cook Steps Down, Handing Apple's Fate Over to Him

On September 1, Tim Cook stepped down as Apple CEO, succeeded by John Ternus. During Cook's tenure, Apple's annual revenue grew from $108 billion to $416 billion, and its market value rose from $350 billion to $4 trillion. Apple faces a crisis of lacking groundbreaking products, with AI capabilities lagging behind competitors, and its successor must find the next growth point.

Tightening of US Financial Conditions Is Unavoidable

On August 28, 2026, after Powell's hawkish speech at the Jackson Hole annual meeting, the 10-year US Treasury yield rose to 4.81%, a new high for the year, due to deteriorating Middle East tensions and inflationary pressures. The market questioned Powell's failure to deliver on his promise to respond to inflation with short-term interest rates in a timely manner, and his policies of tightening financial conditions and reclaiming short-term pricing power sparked dissatisfaction on Wall Street.

Huang Renxun's Sunny Strategy

In 2025, Nvidia spent approximately $199 billion, including $12.9 billion to acquire Hugging Face, $7 billion for Poolside licensing and a $1 billion investment, as well as an investment in Perplexity, in a bid to build its own open-source large model and challenge China's open-source camp.

Does the market need a "Streisand Effect" or "Dried Fungus Nurturing"?

At the start of September, long-term global yields rose collectively, influenced by expectations of a Japanese rate hike, a new high in eurozone inflation, and signals of US fiscal intervention, leaving market expectations of central bank policies in disarray, prompting Druckenmiller to issue a statement calling for the bond market to be allowed to price itself.

Modi Urges Indians to Refrain from Non-Essential Gold Purchases and Overseas Travel

Low-Cost Economics: Cheap Daily Life, Expensive Life

The article delves into the everyday phenomenon of being "one yuan cheaper", systematically outlining the five sources of low prices, and points out that low prices do not disappear into thin air, but are instead transferred through the value chain, outsourcing of labor costs, and financial repression, ultimately borne by laborers, families, and future fiscal revenues, forming a sustainable "low-price order".

A whistleblower letter sent to the EU, why is it a hundred times more effective than domestic labor arbitration?

In August 2026, A-share automotive lighting company Xingyu Shares terminated contracts with 107 college graduates after the fall recruitment season, triggering an international supply chain compliance review. Following a report, Mercedes-Benz and Volkswagen intervened in the investigation, and the company publicly apologized and increased compensation, with its market value evaporating by over 5.3 billion yuan.

Zhixu's Moocow Model Sees Revenue Soar 400%, Is the Boom Real?

Zhixu AI released its financial report for the first half of 2026, with revenue of 954 million yuan, up 399.7% year-over-year, of which MaaS open platform and API business revenue was 825 million yuan, accounting for 86.5%, up from 15.2%. The cost of token inference per unit decreased by 80%, and the gross margin increased from -0.4% to 24.6%. However, research and development expenses of 2.13 billion yuan were still much higher than gross profit, resulting in an expanded operating loss, and the annual recurring revenue of $1.6 billion faces the risk of being overstated.

FinTech Empowers Regional Economic Growth and Coordinated Development

Based on multi-source big data, this article analyzes the current state of China's financial technology enabling regional economic growth and coordinated development, pointing out three major challenges: insufficient innovation and R&D, regional differences in human capital, and unbalanced regional development. It explains the intrinsic logic of financial technology enabling coordinated regional development by incentivizing R&D innovation, driving talent dividends, and amplifying regional spillover effects. The article also proposes policy suggestions to address issues such as regional financial technology gaps, hindered effects in underdeveloped areas, shortages of composite talents, and imperfect regulatory systems.

Profits Double, Cash Runs Dry: How 5100, Built on High-Speed Rail, Tells Its Premium Water Story Through Beer, FX, and Credit Sales

Aggregating high-quality innovative information and people, capturing the most selective, in-depth, and incisive business and technology news. On Huxiu, you won't miss any important moment on the internet.

Do Chinese automakers have to 'fight their way out' to 'survive'?

In August 2026, the overseas sales of BYD, Geely, and Chery, three leading domestic automakers, totaled over 487,000 units, accounting for nearly half of their total sales, with the overseas market offsetting the pressure of domestic price wars and becoming a core driver of growth.

Wen Yi: Why Must Finance Serve the Real Economy?: China's Warning from the 500-Year "Cycle Law" of Industrialization

The article outlines a 500-year cycle of industrialization from Venice to the US, noting that finance detached from the real economy leads to the hollowing out of manufacturing and national decline, warning China to adhere to finance serving the real economy and prevent capital from becoming detached from reality.

Who Is Earning the "Tuition" of Robots?

The article explores the current state of the robot data collection industry, where crowdsourcing models have lowered the threshold but data quality and model effectiveness are mismatched, leading to a cost-benefit imbalance in the industry chain.

After Mortgages Are Extended to 40 Years, Who Will Be Responsible for Paying Off the House: Monthly Payments Decrease by 636 Yuan, But the Future Still Doesn't Have 10 Fewer Years

On August 28, 2024, the maximum term for personal housing loans was extended from 30 years to 40 years, sparking debate over the pros and cons of early repayment versus long-term loans. The policy also adjusted mortgage disbursement nodes and development loan rules, reassigning project risks.

173 Billion Bought a Handful of Broken Silver: The True Story Behind the Closed Loop of Instant Retail

Xiaotuan can recommend anything in the world, but can't deliver a cigarette, offer a trial, or engage in a few lines of chat.

Green Momentum Surges: As Photovoltaics Overtake Coal-Fired Power for the First Time...

By the end of July 2026, China's installed photovoltaic power capacity reached 128.6 billion kilowatts, surpassing coal-fired power to become the largest source of electricity for the first time. However, photovoltaic power generation accounted for only 12.5% of total power generation, with utilization hours significantly lower than those of coal-fired power. Frequent occurrences of negative electricity prices during peak hours have led to the designation of grid-access restriction zones in multiple regions and the suspension of distributed photovoltaic project filings. Coal-fired power has been sustained by the capacity pricing mechanism, while the photovoltaic manufacturing industry has seen plummeting prices and collective losses among leading enterprises. The low utilization rate of energy storage also relies on the improvement of the electricity pricing mechanism. In the future, issues related to power consumption, electricity prices, and manufacturing profits need to be addressed.

The era of competing for headquarters is over, they rent houses under DJI Building to poach talent, no clear direction, but offer 20 million first...

In 2025, a wave of entrepreneurship among former DJI employees erupted, with nearly 20 companies founded by ex-employees securing over 3 billion yuan in funding. Capital is chasing talent from the DJI ecosystem due to its full-stack hardware capabilities and universal motion control technology, which can be transferred to multiple hardware tracks.

Economy Class's Last Wool, Caught in the Airlines' Sights

When Airlines Ban Free Reclining

China's Solar Power Generation Achieves Historic Breakthrough

By the end of July 2026, China's installed photovoltaic power capacity reached 1.286 billion kilowatts, surpassing coal power for the first time to become the country's largest power source. However, the PV industry chain still faces challenges such as narrowing profit margins and insufficient grid absorption, prompting the sector to accelerate the elimination of inefficient capacity through technological iteration and policy guidance.

A Day in the Life of Lao Zhang: When Platforms, AI, and Landlords All Come to Collect Rent

Platforms, AI, and Merchants: Structural Rivalry and Symbiosis