Flash News

TREE NEWS update: HGTECH said on its investor relations platform that reported draft US FCC rules on imports of new-generation data center optical modules have had no impact on the company so far. Responding to an investor query about whether its Thailand plant could take over North American orders if overseas policy restricts modules made in mainland China, the company said it will closely track the matter and prepare contingency plans in advance to keep operations stable.

TREE NEWS update: Italy’s Senate voted on September 23 to approve a “sustainable nuclear energy” authorization bill, following the Chamber of Deputies’ approval in June. The law empowers the government to set an overall legal framework for nuclear power, including a national sustainable nuclear development plan, rules for building and operating new plants, decommissioning existing facilities, and managing radioactive waste and spent fuel, along with approval, safety oversight and environmental protection regimes.

TREE NEWS update: Russia’s Foreign Intelligence Service said on September 22 that the European Union is planning to “steal” Russian sovereign assets frozen in the bloc to fund Ukraine. About $300 billion in Russian sovereign assets were frozen by Ukraine’s Western backers after the 2022 war, roughly $240 billion of it held at Belgium-based Euroclear. The SVR said the EU is considering creating a body to manage Russian central bank funds moved out of Belgian jurisdiction.

TREE NEWS update: The Bank of Russia expects the grey zone of illegal cryptocurrency exchangers to disappear by July 1, 2027, once digital currency legislation takes effect, said Bogdan Shablya, head of the central bank’s financial monitoring and foreign exchange regulation department. The market will then be clearly divided into ‘white’ and ‘black’ segments, with penalties applied accordingly.

TREE NEWS update: UK Finance, the British financial services lobbying group, has terminated Coinbase’s membership. The board wrote to the crypto exchange last week to inform it of the decision, people familiar with the matter said. No reason was given for the move, which removes Coinbase from the trade body representing Britain’s banking and payments industry.

TREE NEWS update: Australia’s securities regulator ASIC is tightening safeguards for automated and AI-driven trading to align domestic rules with international standards. Following broad industry consultation, the amendments will require market participants to test, monitor and govern their trading systems and algorithms, ASIC said in a statement. The new rules take effect in 2028.

TREE NEWS update: Federal Reserve Governor Barr said further interest rate increases may be needed to restrain prices. The remark signals the central bank remains open to additional tightening in its effort to bring inflation down. Barr did not specify a timeframe or the size of any potential move.

TREE NEWS update: China’s Mission to the European Union said on September 22 that it has lodged solemn representations with the EU over the bloc’s annual reports on Hong Kong and Macao, calling them factually baseless and ideologically biased. A mission spokesperson said the reports arbitrarily interfere in the affairs of the two special administrative regions and constitute a crude interference in China’s internal affairs, adding that Beijing is strongly dissatisfied and firmly opposed.

TREE NEWS reports: A Visa study found that U.S. consumer intent to adopt stablecoins rises to 56% when the tokens are paired with hypothetical bank-level consumer protections, up from a baseline of 36%. The findings indicate that regulatory and safety guarantees, rather than product features alone, are the main driver of mainstream stablecoin uptake in the U.S.

TREE NEWS update: China’s Ministry of Industry and Information Technology will push forward the integration of artificial intelligence with information and communications technology, Vice Minister Yu Xiaohui said on September 23 at the opening of the 2026 China International Information and Communication Exhibition. Yu said the ministry will assess in advance and respond to AI’s transformative impact on communications network systems, and accelerate the intelligent upgrade of networks and industries.

TREE NEWS reports: EU supervisory authorities warned that quantum computing could weaken blockchain security, as Bitcoin developers weigh a draft migration plan and Ethereum targets 2029 for quantum resistance. The warning flags a long-term threat to the cryptography securing public networks.

TREE NEWS update: Chinese police have dismantled a cross-border fraud ring running ‘national asset unfreezing’ scams, arresting 101 suspects inside China under the direction of the Ministry of Public Security since July. Joint operations with police in Laos, Singapore and Cambodia led to 156 more arrests, and the suspects are being repatriated to China.

TREE NEWS update: A seven-agency advisory links the WaterPlum hacking crew and Pyongyang’s remote IT worker scheme to the same North Korean bureau, which drained about $11 million from roughly 7,000 crypto wallets through fake job interviews. The joint notice attributes the campaign to state-directed operators posing as recruiters to lure crypto employees into malware-laced hiring processes.

TREE NEWS update: UBS said Switzerland’s capital rules are overly stringent rather than insufficient, pushing back on the framing that the country’s bank capital regime is too loose. The bank’s position comes as Swiss authorities weigh tougher requirements for the lender following its takeover of Credit Suisse. The comment is a direct objection to the premise that current rules understate UBS’s capital needs.

TREE NEWS update: Hong Kong Exchanges and Clearing will discuss with market participants the possibility of extending stock trading hours, Securities and Futures Commission CEO Julia Leung said Wednesday at a press conference. The consultation would cover whether to lengthen the trading day for Hong Kong-listed equities.

TREE NEWS update: Dongxing Securities said the Shanghai Stock Exchange accepted its application for voluntary delisting of its A-shares on Sept. 23, 2026. The move follows shareholder and China Securities Regulatory Commission approval of a share-swap merger under which CICC will absorb both Dongxing Securities and Xinda Securities.