TREE NEWS update: OpenAI has built a system called Control Room that cuts off model output for internal research jobs within 35 seconds when people or automated monitors flag safety or security concerns. The kill switch applies to internal research use and is triggered by either human or automated safety alerts.
TREE NEWS reports: The overnight Shanghai Interbank Offered Rate (SHIBOR) rose 0.93 basis points to 1.3233%, while the 7-day SHIBOR fell 0.66 basis points to 1.3544%. The 3-month SHIBOR edged up 0.02 basis points to 1.4000%. The rates reflect short-term liquidity conditions in China’s interbank market.
TREE NEWS update: China’s National Development and Reform Commission will require all public service fees to be included in a published catalogue, with no charges permitted outside the list, said Zhang Luqin, deputy director of the NDRC’s price department. The commission will guide local authorities to set reasonable fee standards and conduct dynamic reviews during the 15th Five-Year Plan period, and will bar any fee not publicly disclosed or inconsistent with policy. Elderly care and funeral services were cited as sectors where arbitrary add-ons and forced sales must be avoided.
TREE NEWS update: The Saudi-led multinational coalition said on the 10th that it intercepted and destroyed two missiles launched toward Riyadh by Yemen’s Houthi movement. A coalition spokesman said on social media that its air defense system destroyed one ballistic missile and one cruise missile fired at the Saudi capital.
TREE NEWS reports: China imported 105.658 million metric tons of iron ore and concentrates in October, down 5.1% year on year. The figure covers the world’s largest buyer of the steelmaking raw material, whose import volumes are closely watched as a gauge of Chinese steel demand and global commodity flows.
TREE NEWS update: Citigroup CEO said last week’s repricing of AI-related assets was “a bit overdone,” adding that demand for computing power has not disappeared. The comment pushes back on the selloff that hit AI-linked holdings, framing the move as an overshoot rather than a change in underlying demand.
TREE NEWS reports: Enflame Technology rose nearly 10% as Chinese A-share computing chip stocks extended a rally, with the company’s shares up more than 50% over five trading sessions and its total market capitalization back above 200 billion yuan. Other chip-related names including PinGao, Dashengda, VeriSilicon, Hesheng New Materials, Dongxin and Wantong Development also climbed.
TREE NEWS update: China Development Bank issued a 1-year bond totaling 14 billion yuan on the same day, with an issuance yield of 1.3061% versus an expected 1.2900%. The bid-to-cover ratio was 3.31 times and the marginal ratio 1.81 times.
TREE NEWS update: Ant Group’s Lingbo Technology open-sourced LingBot-Touch, a tactile foundation model for robots, on Nov. 10. Pretrained on nearly 5,000 hours of real tactile data, it covers magnetic, vision-based and piezoresistive sensing and converts signals into a single tactile representation usable across different dexterous hands and action models, adding the touch perception needed for fine manipulation.
TREE NEWS update: China’s goods trade totaled 44.81 trillion yuan in the first ten months of the year, up 20% year on year, the General Administration of Customs said on Nov. 10. Exports reached 25.99 trillion yuan, up 17.6%, while imports rose 23.6% to 18.82 trillion yuan.
TREE NEWS reports: The MMLC battery-grade lithium carbonate mid-price fell 1,000 yuan to 91,100 yuan per tonne in early trading, compared with the 16:30 level the previous day. The battery-grade compound is a key input for lithium-ion batteries used in electric vehicles and energy storage systems.
TREE NEWS reports: China’s October trade surplus came in at $105.28 billion, down from $133.53 billion in the previous month. The narrowing surplus marks a decline of roughly $28 billion from September’s reading.
TREE NEWS reports: China’s imports rose 34.7% year-on-year in October in yuan terms, up from a 24.6% increase in the previous month. The acceleration in inbound shipments marks a sharp pickup from September’s pace.
TREE NEWS reports: China’s October trade surplus in yuan terms came in at 712.78 billion yuan, down from a previous reading of 900 billion yuan. The narrower surplus marks a month-on-month decline in the country’s net export position.
TREE NEWS reports: Shares linked to co-packaged optics (CPO) extended gains, with Changxin Bochuang, JPT and Hengdongguang each rising more than 10%. Eoptolink, Zhongji Innolight, Guangku Technology and Shijia Photons advanced more than 7%, as the sector rally continued.
TREE NEWS update: China’s National Development and Reform Commission will further refine the price regulation mechanism for important livelihood goods during the 15th Five-Year Plan period, Zhang Luqin, deputy director of the NDRC’s price department, said at a press conference on Nov. 10. The commission will apply category-specific measures and address both symptoms and root causes, she said, to safeguard the bottom line of people’s livelihoods.
TREE NEWS update: US President Donald Trump said it will become clear whether a nuclear agreement with Iran can be reached, without giving a timeline or further details. The remark leaves the status of negotiations and any sanctions relief unresolved. No date or venue for further talks was specified.
TREE NEWS update: Xinjiang issued a 7-year general local government bond of 3.113 billion yuan at a 1.4700% coupon, with a bid-to-cover marginal ratio of 5.40 times against an expected 1.47. The same session also priced a 7-year general bond of 559 million yuan at 1.4700%, plus 10-, 15-, 20- and 30-year special bonds at yields ranging from 1.6500% to 2.1600%.
TREE NEWS update: China’s National Development and Reform Commission will expand ordinary high school and higher education capacity during the 15th Five-Year Plan period, Huang Weiru, deputy director of the NDRC’s social development department, said on Nov. 10. The commission will support construction of classrooms, dormitories, canteens and sports fields at ordinary high schools, and will back new research-oriented universities and high-level vocational undergraduate schools in qualified localities.
TREE NEWS update: Venezuela shipped 1 million barrels of crude oil to the United States last week, President Donald Trump said. The remark marks a notable development in US-Venezuela energy flows, though no further details on the shipment’s destination, buyer or timing were provided.