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PBOC data show at end-Q2 2026 RMB inclusive small and micro loan balances totaled 38.52 tln yuan, up 8.3% YoY, 3.1pp faster than aggregate lending, and rose 1.95 tln yuan in 1H. Farmers’ operating loans with single-borrower credit Below 5 mln yuan st

2026-07-28

PBOC data show at end-Q2 2026 RMB inclusive small and micro loan balances totaled 38.52 tln yuan, up 8.3% YoY, 3.1pp faster than aggregate lending, and rose 1.95 tln yuan in 1H. Farmers’ operating loans with single-borrower credit Below 5 mln yuan stood at 10.21 tln yuan, increasing 399.8 bln yuan in 1H. Student loan balances were 350.9 bln yuan, up 31.1% YoY.

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2026-07-28

Since hitting a peak of $225.64 in June, SpaceX (SPCX.O) has lost over $1.2 trillion in market capitalization, almost exactly equivalent to the entire market capitalization of Tesla (TSLA.O), another company under Musk's umbrella. Tesla's stock price

Since hitting a peak of $225.64 in June, SpaceX (SPCX.O) has lost over $1.2 trillion in market capitalization, almost exactly equivalent to the entire market capitalization of Tesla (TSLA.O), another company under Musk's umbrella. Tesla's stock price recently fell to its lowest level in nearly a year. Meanwhile, Musk's net worth has shrunk to approximately $710 billion, after reaching a personal wealth record of over $1.3 trillion in mid-June. Charles Moon, a technology and momentum strategist at the Chicago-based Prosper Trading Academy, stated, "As an investor, it's too early; but as a trader, Wall Street is punishing AI stocks for capital expenditures." SpaceX will release its first earnings report since its IPO next week. On the second full trading day after the earnings release (August 6), holders can sell up to 20% of their eligible lock-up shares, totaling approximately 911.5 million shares. Some analysts believe that the lock-up period may not be as bad as the market fears, but it won't help reverse the downward trend.
2026-07-28

July 28 (Tue) open: China’s Shanghai Composite opened down 35.11 pts (-0.91%) at 3823.13; Shenzhen Composite opened down 318.38 pts (-2.25%) at 13830.35; CSI 300 Index opened down 78.63 pts (-1.67%) at 4623.8; ChiNext Index opened down 111.92 pts (-3

July 28 (Tue) open: China’s Shanghai Composite opened down 35.11 pts (-0.91%) at 3823.13; Shenzhen Composite opened down 318.38 pts (-2.25%) at 13830.35; CSI 300 Index opened down 78.63 pts (-1.67%) at 4623.8; ChiNext Index opened down 111.92 pts (-3.12%) at 3478.86; STAR 50 Index opened down 52.08 pts (-2.88%) at 1755.87.
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