Flash News

TREE NEWS reports: Major asset managers are rebuilding gold positions after a price retreat, betting on long-term support despite a hawkish Fed. Europe’s largest, Amundi SA, expects gold to return to $5,000 per ounce by year-end. Pictet, Robeco, and Fidelity International also added back holdings they had trimmed earlier this year.

TREE NEWS update: China’s Ministry of Natural Resources and the National Data Administration co-hosted a meeting in Beijing, marking the official launch of the country’s first public data authorization operation project for national satellite navigation and positioning reference station network service data. The project is part of national space-time information infrastructure efforts.

TREE NEWS update: Israeli Defense Minister Israel Katz said on September 4 that the military’s recent operation to seize the Ali Taher ridge in southern Lebanon is a key step in consolidating Israel’s presence there. He added that Israel will not withdraw from the ‘security zone’ in Lebanon until Hezbollah is fully disarmed.

TREE NEWS update: Russian sources said on Thursday that US President’s special envoy Steve Witkoff and Jared Kushner, Trump’s son-in-law, will visit Moscow on September 5-6, then travel to Kyiv, Ukraine. The trip comes amid ongoing diplomatic efforts to address the conflict.

TREE NEWS update: The Hong Kong Monetary Authority (HKMA) has approved the appointment of Ms. Dujamei as Chief Legal Counsel, a role equivalent to Assistant Chief Executive. The appointment takes effect on February 12, 2027.

TREE NEWS reports: Since the start of 2026, rising global storage prices have driven price increases on over 40% of smartphone models, a first for the industry. New models are priced 25% higher than those released a year earlier. Average retail prices worldwide have climbed 15%, with some models nearly doubling, as manufacturers pass on higher component costs.

TREE NEWS update: The Guangdong Securities Regulatory Bureau, in collaboration with the Shenzhen Stock Exchange, recently hosted a ‘Walk into SZSE’ bond business exchange event. The initiative aligns with the 15th Five-Year Plan’s goals to revitalize existing assets, steadily develop asset securitization, and raise the proportion of direct financing. Over 130 representatives from more than 80 entities, including local government state-owned assets and financial departments, bond issuers, and listed companies, attended.

TREE NEWS update: China has initiated three national standards for solid-state batteries for electric vehicles, covering performance, safety, and lifespan specifications. Wang Fang, chief scientist at CATARC, announced on September 4 that the standards have been approved for project initiation, with draft comments expected by end of this year. This move aims to fill gaps in international standards for next-generation battery technology.

TREE NEWS update: Russia said on Sept. 4 that the Zaporizhzhia nuclear power plant has been running on diesel generators for 16 days after losing all external power, citing plant spokesperson Yevgenia Yashina. This marks the second-longest outage, after a month-long blackout in autumn 2025. The situation is described as “extremely tense.”

TREE NEWS update: Guangdong Governor Meng Fanli met with Sinochem Holdings Chairman Li Fanrong in Guangzhou on [date not specified]. The meeting included provincial officials and representatives from Guangzhou, Huizhou, and Zhongshan municipalities. Discussions likely focused on economic cooperation and development initiatives between the province and the state-owned chemical giant.

TREE NEWS reports: The onshore yuan closed at 6.7108 against the dollar at 16:30 Beijing time, up 73 points from the previous official close and 70 points from the previous night session close.

TREE NEWS reports: The UK construction PMI dropped to 44.3 in August, below the expected 46 and down from July’s 44.7. The reading signals a continued contraction in the sector, with activity declining at a faster pace than the previous month.

TREE NEWS update: On September 3, China’s State Council Work Safety Committee held a video conference to advance the crackdown on “fake new-energy fuel stations,” which have been found to be illegal sales points. Authorities in Hubei Province have investigated and dealt with 189 such sites, detaining 142 people. The campaign aims to deepen investigations nationwide.

TREE NEWS update: Panama Canal Authority will reduce daily ship transits from 36 to 34 starting September 3, and further to 32 from September 15, due to low water levels in the artificial lakes that supply the canal, caused by reduced rainfall from El Niño. The maximum draft for ships will also be lowered from 15.24 meters to 14.63 meters.

TREE NEWS reports: Nouriel Roubini, known as ‘Dr. Doom’, said technology spending is the biggest factor pushing up yields. He does not believe artificial intelligence is a bubble. Roubini expects employment data to remain normal, with a slowdown driven by supply shortages. Japan is undergoing structural economic transformation, and the yen may strengthen in the medium term.

TREE NEWS update: On September 4, sources close to Chagee said founder, chairman and CEO Zhang Junjie’s business registration change is a routine corporate move, unrelated to business or organizational restructuring. The clarification follows public filings showing alterations to Zhang’s registration details.

TREE NEWS update: Missouri’s Supreme Court ruled unanimously on Tuesday that the Republican-drawn congressional map cannot be used in this year’s elections, sending the issue to voters in November. The decision could help Democrats retain a House seat. President Trump and state Republicans oppose the ruling.

TREE NEWS update: Chinese Vice Premier Ding Xuexiang and Russian Deputy Prime Minister Alexander Novak co-chaired the 23rd meeting of the China-Russia Energy Cooperation Committee in Vladivostok on April 4. The meeting focused on bilateral energy cooperation, underscoring the ongoing strategic partnership between the two nations in the energy sector.

TREE NEWS update: China’s Ministry of Education announced at a press conference that the country has 18.7 million teachers. The 42nd Teacher Day, themed “Promoting the Spirit of Educators, Building Respect for Teachers,” will be celebrated. The ministry expanded the National Excellent Teacher Program to attract more top universities, and the first cohort of 9,300 graduates from the Excellent Teacher Plan are now teaching in underdeveloped counties and western border regions.

TREE NEWS update: China will implement a “National Action for Teacher Development” and pilot National Excellent Teacher Academies, the Ministry of Education announced at a press conference. The plan includes an “AI + Teacher Development” initiative, integrating AI into teacher training via the national smart education platform, aiming to boost teacher professional growth and mark the 42nd Teacher’s Day celebrations.