Flash News

TREE NEWS update: People’s Bank of China Governor Pan Gongsheng said the central bank will keep advancing the transformation of its monetary policy framework, in a signed article published in Qiushi. The PBOC will downplay quantitative targets, especially bank lending as a single channel, treating aggregate financing more as an observational and reference indicator, and will rely more on price-based tools with market-driven interest rate formation and transmission. It also pledged to curb “involutionary” competition in finance and idle capital.

TREE NEWS reports: People’s Bank of China Governor Pan Gongsheng said credit growth alone cannot measure how well finance supports the real economy, in a signed article published in Qiushi. He said tech firms need private equity and venture capital in early stages and bank loans, bonds and equity financing later, and that capital markets divert some demand away from loans — a shift he called normal.

TREE NEWS update: Hong Kong Chief Executive John Lee said the city will publish its first five-year plan and deliver the 2026 policy address at the Legislative Council on February 16. The five-year plan’s cover is blue, while the policy address keeps a green cover and carries the theme “planning the overall situation with a long-term vision.” Together the two documents exceed 100,000 words.

TREE NEWS update: The US Senate rejected a procedural motion on the CLARITY Act by 50 votes to 49, ten short of the 60-vote threshold, leaving cryptocurrency market regulation legislation stalled. Bitcoin fell sharply on the news. The vote came the same day the US Treasury auctioned $13 billion of 20-year bonds at a record-high 5.420% yield.

TREE NEWS update: Canadian Prime Minister Mark Carney on Sept. 15 announced a five-year, C$36 billion “productivity super deduction” expanding immediate expensing of capital expenditures to oil and gas pipelines, mining assets, fibre-optic cable, computer equipment and domestically built buses, cutting Canada’s marginal effective tax rate on new investment from 13% to 6.4%, the lowest in the G7. He also pledged to open operations at Toronto Pearson, Vancouver, Montreal and Calgary airports to private capital via long-term concession leases while retaining public land ownership, and set a “one project, one review, one year” approval standard.

TREE NEWS reports: Chinese regulators are seeking industry feedback on a draft negative list to tighten oversight of the online insurance market, targeting practices such as using free giveaways to induce purchases and silent auto-renewals. The notice focuses on non-auto insurance business, and at least one insurer said it will train staff on the contents.

TREE NEWS update: A joint notice from the People’s Bank of China and the State Administration of Foreign Exchange took effect on Sept. 14, extending multinational companies’ cross-border local and foreign currency centralized cash management from pilot regions to the whole country. First cases have since landed in Tianjin, Zhejiang, Fujian, Shandong and Chongqing, while several regions have launched or optimized integrated local-foreign currency cash pool pilots since September.

TREE NEWS update: Reserve Bank of New Zealand Assistant Governor Karen Silk is preparing to leave the central bank, the RBNZ said. No date for her departure or successor was given in the announcement. Silk has been Assistant Governor at the RBNZ.

TREE NEWS update: Advisers to President Donald Trump met with executives from AI company Anthropic to discuss AI safety issues. The meeting focused on safety concerns surrounding artificial intelligence, with Anthropic, developer of the Claude model, represented by its leadership. No further details on the agenda or any agreements were disclosed.

TREE NEWS reports: A draft data center bill aimed at curbing rising consumer energy costs is expected to pass the U.S. House of Representatives but faces a difficult fight in the Senate. Senate Republicans are weighing an expedited legislative procedure to move the bill before the November election. The measure targets power-hungry data centers.

TREE NEWS update: A procedural vote to advance the Clarity Act, landmark digital asset legislation, failed in the U.S. Senate on Tuesday. The defeat leaves the crypto industry’s biggest regulatory push stalled. The failed motion means the bill will not move forward in the chamber as drafted.

TREE NEWS update: Coinbase-backed advocacy group Stand With Crypto will publish senators’ votes on its scorecards as it mobilizes crypto voters for November’s midterm elections. The group is warning of electoral payback for lawmakers after the Clarity Act failed to advance.

TREE NEWS reports: Circle and Coinbase shares fell about 10% after the CLARITY Act failed to advance in a Senate vote, dragging on crypto-linked equities. Bitcoin miners and treasury companies also declined as the stalled legislation weighed on the sector.

TREE NEWS update: The US Department of Justice is asking states to post a $1.9 billion bond in the Paramount case, the department said. The demand sets the financial terms states must meet to continue litigating the matter. No further details were provided.

TREE NEWS update: The U.S. Senate rejected a motion to proceed to H.R. 3633, the CLARITY Act, on a 49-50 cloture vote, falling 11 short of the 60 needed. All 49 votes to proceed came from Republicans, with Collins, Hawley, Moran and Tillis voting no. Tillis voted no to preserve the right to move to reconsider, which he did one minute after the result was announced.

TREE NEWS update: The DOJ alleges that Robinhood engineers Hefu Chai and Huaisong Xiang bought perpetual futures on Hyperliquid shortly before Robinhood announced the same tokens would list on its platform. Prosecutors say each engineer cleared more than $50,000 from the trades. The case centers on front-running the exchange’s own crypto listing announcements.

TREE NEWS update: The Digital Asset Market Clarity Act failed a Senate cloture vote on Tuesday, falling short of the 60 votes needed to advance. Democrats withheld support over ethics rules targeting President Trump’s digital-asset holdings. The procedural defeat leaves the crypto market-structure bill stalled in the chamber.

TREE NEWS update: The US Clarity Act failed a vote, but Senator John Kennedy said he was “not surprised” and does not believe the crypto market-structure bill is dead, adding work will have to wait until the lame-duck session. Senator Ted Cruz blamed Democrats for the failure, saying they were “playing politics” and pushing crypto jobs overseas, while noting a difference between the bill being “dead” and “mostly dead.”

TREE NEWS update: Several Democratic senators who spent months negotiating the Clarity Act voted against the bill, including Gillibrand, Warner, Booker, Warnock, Gallego and Cortez Masto. Attention now turns to the vote of Sen. Alsobrooks.

TREE NEWS update: A preliminary vote to advance the Clarity Act in the U.S. Senate fell short, stalling the crypto market-structure bill’s path toward becoming law. The vote failed amid opposition tied to President Trump’s crypto wealth and related ethics concerns. No new vote date was given.