英国7月未季调核心输出PPI月率 0.6%，前值0.5%。

PIMCO president Strack said wealth managers are withdrawing from private-credit strategies after several large direct-lending funds imposed sudden redemption limits, accelerating searches for alternatives. Wealth-management distributors are unwilling and often unable to sell retail private-credit products tied to direct lending. PIMCO estimates most business development companies (BDCs) have about 15% of AUM in redemption queues that will take several quarters to clear, and more than $14.5bn of investor capital is trapped in over a dozen funds. Some BDCs have accumulated large pools of stressed loans, notably software loans maturing in 2027–28. The software sector faces roughly $386bn of syndicated loan maturities in 2028–29, creating refinancing pressure and a projected rise in default rates over the next few years.

Aug. 19 — Yushu Technology began trading on the Sci‑Tech Innovation Board, opening up more than 500% and valuing the company at over 350 billion yuan. The company prospectus shows chairman/GM/CTO Wang Xingxing directly holds 86.714964 million shares, equivalent to 21.4395% of post‑issue equity; he also held 9.5367% indirectly via equity‑incentive vehicle Shanghai Yuyi before the offering. Combined direct and indirect holdings are roughly 30%, worth in excess of 100 billion yuan, making Wang the richest entrepreneur born in the 1990s.