TREE NEWS update: Hong Kong Exchanges and Clearing (HKEX) said it aims to complete the transition to a T+1 settlement cycle for the Hong Kong cash equities market in the second half of 2028, subject to market readiness and regulatory approval. The exchange published a consultation conclusion on shortening the settlement cycle, which showed broad market support for adopting T+1 in the Hong Kong securities market.
TREE NEWS update: Shengyi Electronics said it expects net profit attributable to shareholders of 1.869 billion to 1.952 billion yuan for the first three quarters of 2026, up 68% to 75% from the same period in 2025. Recurring net profit is projected at 1.865 billion to 1.948 billion yuan, also up 68% to 75%. The company attributed the gain to strong demand in AI computing, higher-value products and capacity releases.
TREE NEWS reports: Capital B reported a wider first-half net loss of $78 million, attributing roughly €67.5 million ($75.9 million) of the loss to an additional bitcoin impairment charge. The bitcoin-holding company’s results reflect the impact of marking down its digital asset holdings.
TREE NEWS update: Shandong Gold announced it will repurchase RMB 300 million to RMB 400 million of its A-shares through centralized bidding using its own and self-raised funds, at a price not exceeding RMB 48.57 per share. The repurchased shares will be entirely cancelled to reduce registered capital. The plan still requires approval by a special resolution of the shareholders’ meeting and must be executed within 12 months of that approval.
TREE NEWS update: Shengyi Technology said it expects net profit attributable to shareholders of 6.46 billion to 6.87 billion yuan for the first three quarters of 2026, up 164% to 181% year on year. Recurring net profit is forecast at 6.12 billion to 6.53 billion yuan, up 157% to 174%. The company attributed the gain to higher copper-clad laminate sales and released capacity, plus subsidiary Shengyi Electronics benefiting from strong AI computing demand.
TREE NEWS update: Shanghai Stock Exchange Vice President Yuan Duoran said on October 16 that Shanghai Connect’s eligible securities now cover about 90% of the SSE’s total market capitalization. Speaking at the Global Wealth Management Forum’s 2026 Shanghai Suhewan conference, Yuan said the exchange will keep deepening its mutual market access mechanisms and expanding cross-border investment products as part of its capital market opening.
TREE NEWS reports: Elon Musk demonstrated Tesla’s Roadster 2 flying car in Texas on October 16, with production not due until 2028. The event triggered a wave of related meme coins, led by a Solana token trading around $0.0066 with a $6 million market cap and $31 million in 24-hour volume. Hyperliquid data showed TSLA on-chain contracts up 4.8% at about $377.8, with $158 million in 24-hour volume.
TREE NEWS update: China International Capital Corporation (CICC) said its share-swap absorption of Dongxing Securities and Xinda Securities has been approved by the CSRC, with both targets to be delisted from October 19, 2026. The A-share registration date for the swap is October 16, 2026, at ratios of 1:0.4376 for Dongxing and 1:0.5210 for Xinda. After the merger the two firms will be deregistered, with all assets and liabilities assumed by CICC.
TREE NEWS update: Li Auto announced that Mahe Zhixin Intelligent Technology conditionally agreed to subscribe to RMB1 billion of new registered capital in Mahe Xin Technology, an indirect wholly-owned subsidiary, for RMB42,826,552 in registered capital. Separately, investors including Hangzhou Jingtao, BlueRun Ventures and Huaye Tiancheng agreed to subscribe to RMB625 million of new registered capital. Qiji Chuangtan also participated in the round.
TREE NEWS update: JinkoSolar announced it expects a net loss attributable to shareholders of RMB 2.976 billion to 3.576 billion for the first three quarters of 2026, narrowing from a RMB 3.92 billion loss a year earlier. Non-GAAP net loss is projected at RMB 3.811-4.411 billion versus RMB 4.543 billion previously. The company said its TOPCon 3.0 line upgrades and capacity ramp-up are progressing, storage shipments and revenue recognition are growing and starting to contribute operating profit.
TREE NEWS reports: Hong Kong’s Hang Seng Index closed 0.52% higher and the Hang Seng Tech Index rose 1.16%. Lenovo Group gained about 8% and KE Holdings climbed roughly 5%, while Recbio fell about 18%, Qingcheng New Drug dropped around 8% and WuXi AppTec slipped about 2%.
TREE NEWS reports: Tesla shares rose 4.7% in US premarket trading after the company unveiled its long-awaited Roadster sports car. The premarket move followed the reveal of the model, which had been anticipated by investors for an extended period. No further details on pricing, production timing or specifications were given.
TREE NEWS reports: Hikvision reported first-three-quarter revenue of RMB 74.044 billion, up 12.60% year on year, with net profit attributable to shareholders rising 38.55% to RMB 12.911 billion. Non-recurring net profit reached RMB 12.696 billion, up 41.52%. Third-quarter attributable net profit was RMB 5.016 billion, up 36.97%, with the company attributing profit growth mainly to higher revenue and an improved gross margin.
TREE NEWS reports: Capital B reported a $78 million loss for the first half of 2026, driven by a $75 million Bitcoin impairment charge. Europe’s second-largest Bitcoin treasury company still raised $30 million and grew its Bitcoin holdings by 11% during the period.
TREE NEWS update: Shanghai Stock Exchange Vice President Yuan Duoran said on October 16 that emerging and future industries accounted for nearly 90% of newly filed STAR Market IPO applicants over the past year. Speaking at the Global Wealth Management Forum’s 2026 Shanghai Suhewan conference, Yuan said the board’s role in serving new quality productive forces is becoming more pronounced.
TREE NEWS reports: Foreign investors now hold more than RMB 4 trillion in tradable A-share market value, Shanghai Stock Exchange Vice President Yuan Duoran said at the 2026 Global Wealth Management Forum in Shanghai. Yuan said these investors have become important participants in China’s capital market. The figure covers all categories of overseas investors.
TREE NEWS reports: Indonesia fined Barito Renewables and Dian in connection with a stock manipulation investigation, Bloomberg reported. The penalties follow a probe into trading in the two companies’ shares. No further details on the size of the fines or the identities of other parties involved were disclosed.
TREE NEWS reports: China’s ChiNext Index closed down 0.39% on Thursday after a higher open, while the Shanghai Composite rose 0.24% and the Shenzhen Component slipped 0.12%. Low-altitude economy names surged, with more than ten stocks including Huali Chuangtong and Wanfeng Auto hitting the daily limit, alongside a broad rally in defense stocks. Total turnover across the three markets reached nearly 1.57 trillion yuan.
TREE NEWS reports: European equities opened mixed on the day, with the Euro Stoxx 50 up 0.4% and Germany’s DAX gaining 0.5%. France’s CAC 40 rose 0.3%, while the UK’s FTSE 100 slipped 0.4% at the open.
TREE NEWS reports: The Shanghai Composite closed at 3716.28, up 0.24%, while the Shenzhen Component fell 0.12% to 11802.46. The ChiNext Index dropped 0.39% to 2772.38 and the CSI 300 gained 0.11% to 4170.61. The STAR 50 slipped 0.06% to 1358.65, with the CSI 500 and CSI 1000 each up 0.05%, at 6772.75 and 6681.94.