Brind.
  1. ICBC and officials discussed Shanghai's financial hub ambitions and authorized offshore-yuan foreign-exchange trading.
  2. The People's Bank of China signals structural moderation in credit trajectory and authorizes offshore FX transactions in Shanghai FTZ.
  3. The People's Bank of China is actively pushing for Shanghai to achieve the status of an international financial center.

Shanghai's financial performance and the appointment of Deutsche Bank as a clearing bank signal a global shift in financial center gravity.

1 report, 1 independent Updated Aug 26
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What happened

Some supportReported by 1 outlet

Shanghai's financial performance and the appointment of Deutsche Bank as a clearing bank signal a global shift in financial center gravity.

Who's involved

What this event is mainly about
People's Bank of ChinaShanghai

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Part of

The People's Bank of China is actively pushing for Shanghai to achieve the status of an international financial center. All 2 developments

Within ICBC and officials discussed Shanghai's financial hub ambitions and authorized offshore-yuan foreign-exchange trading.

The entities involved

Coverage

Newest first; wire copies grouped