Three consecutive drops this year! The LPR for terms over 5 years was reduced by 15 basis points, pushing the lower limit on mortgage rates to their lowest level since 2019.

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Briefing: Tuesday, August 23rd, the 26th day of the seventh lunar month – good morning! 1. Three consecutive drops within the year! The LPR for terms over 5 years was reduced by 15 basis points, pushing the lower limit on mortgage rates to their lowest level since 2019. 2. Traffic Management Bureau: There is no new national standard for traffic lights in 2022; the road traffic signal lights currently in use across various regions meet the existing standards, so there is no need for replacement. 3. Ministry of Education announcement: 27 people, including the president and chief editor of People’s Education Press, have been held accountable; there was no transfer of benefits, the illustrations in the textbooks have been redrawn, and Wu Yong and others will no longer be employed for related tasks. 4. Hainan releases an implementation plan for reaching carbon peak goals: fuel-powered cars will be completely banned across the island by 2030. 5. The spot exchange rate of the RMB against the US dollar dropped below the 6.83 mark, hitting a new low in almost 23 months. 6. Weibo will introduce a personal homepage with a public comments feature, which users cannot enable or disable on their own. 7. The 13th China Youth Science and Technology Innovation Award was announced: 89 students from schools across the country, who possess a strong spirit of exploration, practical skills, and innovative potential, were honored. 8. Shanghai took the lead in piloting payment for traditional Chinese medicine based on its therapeutic efficacy, identifying 22 disease conditions for this initiative. 9. Asian Women’s Volleyball Cup: China’s team defeats Vietnam to secure two consecutive wins in the group stage. 10. Singapore has announced that sexual activity between men is no longer illegal, but existing marriage policies remain unchanged. 11. After the yen, the Korean won has also collapsed! The won’s exchange rate against the dollar fell below the 1,340 mark, hitting a 13-year low, with a decline of over 11% so far this year. 12. Heavy rains in Laghman Province, Afghanistan, have triggered floods that have killed at least 20 people and injured 35 others; over 3,000 houses have been destroyed, and more than 2,000 hectares of farmland have been flooded.