- ICBC and officials discussed Shanghai's financial hub ambitions and authorized offshore-yuan foreign-exchange trading.
- The People's Bank of China signals structural moderation in credit trajectory and authorizes offshore FX transactions in Shanghai FTZ.
- Credit demand weakness and lending slowdown reported in Beijing involving Yuan Loans.
Evergrande Group faced regulatory action, including fines and new credit curbs on excessive borrowing, in Beijing.
1 report, 1 independent
Updated Aug 1
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What happened
Evergrande Group faced regulatory action, including fines and new credit curbs on excessive borrowing, in Beijing.
Who's involved
What this event is mainly aboutKeep exploring
The entities involved
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Evergrande Group
Chinese property developer
Nothing else this week.
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Beijing
capital city of China