Flash News

TREE NEWS update: French Health Minister Stéphanie Risté said on September 4 that around 7,000 excess deaths occurred during this summer’s heatwaves through the end of July. Final statistics will be published in the coming weeks. Earlier estimates put excess deaths at 5,764 between June 17 and July 2.

TREE NEWS update: Hubei Energy announced plans to invest about 8 billion yuan in clean energy and related industrial chain projects in Enshi Prefecture during the 15th Five-Year Plan period (2026-2030). The investment will fund a batch of wind, solar, hydro, storage, and integrated energy projects.

TREE NEWS update: China’s National Radio and Television Administration issued a management notice on May 4, requiring streaming platforms to review all micro-dramas uploaded by users, enforcing a ‘must-review-every-broadcast’ policy. User-uploaded micro-dramas meeting Category I or II standards must obtain a distribution license or approval document, and platforms are barred from disseminating personal uploads of special-topic micro-dramas.

TREE NEWS update: Xingye Technology said the China Securities Regulatory Commission has decided to open a case against the company for suspected violations of information disclosure laws and regulations. The company made the announcement without further details on the alleged violations.

TREE NEWS update: Phase II of the photovoltaic project in Shenzhen’s ‘virtual power plant town’ passed full-function commissioning and acceptance on March 3, achieving ‘observable, measurable, adjustable, and controllable’ grid connection. It is the city’s first demonstration project aggregating distributed solar via a virtual power plant, marking a new stage in Southern Power Grid’s distributed resource regulation.

TREE NEWS update: Longban Media disclosed that its AI video business generated about 80 yuan in June and 75,000 yuan in July, less than 0.01% of audited 2025 revenue. The company stated the impact on performance is insignificant now and expected to remain so.

TREE NEWS update: China’s pension regulator plans to include equity-linked secondary bond funds and partial-equity hybrid funds in the personal pension product catalog. Fund companies can submit one product by September 8, with conditions requiring at least three years since inception, daily subscription, and a minimum scale of 5 billion yuan over the last four quarters.

TREE NEWS update: Simcere Pharmaceutical announced that its co-developed Class 1 biologic, culerviveimab injection (brand name Yingmule), has been approved by China’s National Medical Products Administration. It becomes the first domestically developed long-acting preventive monoclonal antibody for respiratory syncytial virus (RSV) in the country. The drug was developed in strategic partnership with Ruiyang (Shandong) Biopharmaceutical.

TREE NEWS update: On September 3, Li Auto held a launch event in Dubai, introducing its new L9, an embodied intelligent flagship SUV, to the UAE market. The L9 is now available in Ultra and Livis trims, priced at AED 319,900 and AED 359,900 respectively.

TREE NEWS update: Li Auto will invest 2.65 billion yuan ($370 million) in Sunwoda Electric Vehicle Battery, a subsidiary of Sunwoda Electronic, acquiring an 8.79% stake. Post-investment, Li Auto entities will hold 11.17% indirectly. The company said the move deepens collaboration, upgrading from joint R&D to a long-term partnership in battery manufacturing.

TREE NEWS update: The Shanghai Stock Exchange announced that Baidu will be added to the list of eligible stocks under the Shanghai-Hong Kong Stock Connect scheme. Effective immediately, the move allows mainland investors to trade Baidu shares through the southbound link, enhancing the company’s access to a broader investor base.

TREE NEWS update: China’s State Administration for Market Regulation (SAMR) concluded 298 concentration-of-undertakings reviews in the first half of the year, prohibiting one and conditionally approving two. The regulator also publicly penalized four cases of illegal concentration. The data was released by SAMR on Tuesday.

TREE NEWS update: China’s State Administration for Market Regulation, with the Ministry of Civil Affairs, has issued two mandatory national standards—’Basic Specifications for Elderly Care Institutions’ and ‘Criteria for Determining Major Accident Hazards in Elderly Care Institutions’—to guide these facilities in addressing service and safety shortcomings. The standards aim to promote their transformation toward standardization, professionalization, and upgraded operations.

TREE NEWS update: Trezor’s data breach now affects 67,000 more customers, expanding the total exposed. Some records date back to 2019, beyond the 90-day retention period Trezor said its partners had agreed to. The breach underscores ongoing security concerns for the crypto hardware wallet maker.

TREE NEWS reports: Kalshi’s US web traffic surged more than 1,500% in under a year, with trading volume growing even faster, as legal scrutiny of its sports contracts intensified. The prediction-market platform has seen a rapid user influx amid mounting regulatory pressure.

TREE NEWS update: The International Monetary Fund said El Salvador has not used public funds to accumulate bitcoin since June 2025, with purchases coming from private donations. The statement clarifies the government’s bitcoin acquisition policy, which had drawn scrutiny from the fund during past loan negotiations.

TREE NEWS update: Zhejiang Maritime Bureau activated a Level III typhoon emergency response on June 24. The move comes as a tropical storm approaches the region, prompting heightened maritime safety measures. The bureau urged vessels to take precautionary actions and monitor weather updates closely.

TREE NEWS update: China’s securities regulator held a meeting to conclude its education campaign on establishing a correct view of political achievements. It pledged to intensify efforts to identify and rectify deviations, integrate risk prevention and market supervision, and strengthen party building. The regulator also vowed to build a strict supervisory team and accept oversight from disciplinary bodies.

TREE NEWS update: Crypto firms are pressing the SEC to expedite ETF reviews and permit confidential draft filings, while Jane Street and Charles Schwab caution against rushed launches and reduced market scrutiny. The push highlights tensions between industry calls for faster approvals and concerns over transparency.

TREE NEWS update: Zhongji Innolight announced that its actual controller Wang Weixiu has released a pledge of 1.35 million shares with GF Securities, representing 1.94% of his holdings and 0.11% of total shares. As of the announcement date, Wang and his concert parties have 5.328 million shares pledged, accounting for 2.76% of their combined holdings.