Flash News

TREE NEWS update: Trezor confirmed that an additional 67,000 US customers were affected by a data breach at its shipping provider, expanding the total impact. The exposed information could enable phishing attacks and social engineering scams targeting users. Trezor urged customers to remain vigilant against suspicious communications.

TREE NEWS update: Kremlin spokesman Dmitry Peskov said on September 4 that President Putin’s peace conditions from June 2024 remain valid, responding to reports that US envoy Witkoff and Jared Kushner plan to visit Moscow and Kyiv on September 5-6. Peskov declined to confirm the visits, saying any contacts will be announced when they occur.

TREE NEWS update: China’s securities regulator has issued new requirements for securities and fund firms outsourcing channel services to third-party internet platforms, mandating pre-assessment mechanisms and ongoing monitoring of compliance, security, and contract performance. The guidance, part of the Financial Products Online Marketing Management Measures, updates institutional oversight rules.

TREE NEWS update: Drainage at the Baoxi Reservoir in Fuding, Fujian, has exceeded half its capacity following a landslide on September 2 caused by heavy rains from Typhoon Shadel. Water levels have dropped significantly after two days of rescue efforts by local authorities. Traffic, water, and power supplies are gradually being restored across affected townships.

TREE NEWS update: BHP responded to media reports about potential cooperation with Chinese capital on its Western Australia iron ore (WAIO) business, stating it has a long history of partnerships and regularly explores options that could create long-term value for shareholders. The company emphasized that WAIO is a core part of its portfolio and it remains committed to the business and the region.

TREE NEWS update: On September 3, NIO founder and CEO William Li said the auto industry has entered the most brutal phase of the marathon’s final stretch, with industry-wide profits under sustained pressure and sales and manufacturing margins at low levels. He noted that while single-vehicle costs have risen—memory chips up 10,000 yuan and batteries up 3,000-4,000 yuan—NIO will maintain price stability in the second half of the year.

TREE NEWS update: A patient with a gene-edited pig kidney transplant has survived 285 days without dialysis as of Sept. 3, setting a new record for the longest survival after a pig kidney transplant in a human. The previous record was 271 days, after which the patient received a human donor kidney.

TREE NEWS update: Shanghai Stock Exchange issued a regulatory warning to Longban Media and its then board secretary Sun Fujun for inadequate and inconsistent disclosure of its AI video business in semi-annual and stock trading anomaly announcements. The exchange said the firm failed to specify revenue scale and impact, risking investor misdirection.

TREE NEWS update: China Development Bank priced a 5 billion yuan (US$700 million) three-year green financial bond on September 3 via the China Foreign Exchange Trade System, with a coupon of 1.27%. It marked the bank’s first online book-building issuance of a green bond, boosting efficiency and transparency.

TREE NEWS update: China’s National Financial Regulatory Administration (NFRA) released draft rules on information disclosure for banks and insurers, now open for public comment. The measures clarify responsibilities across institutions, directors, supervisors, senior managers, shareholders, actual controllers, and third-party services like accounting and law firms. They also empower regulators to take action against violations.

TREE NEWS update: Zhejiang provincial government issued a plan to boost the sports industry, encouraging companies to innovate in outdoor equipment, smart wearables and sports rehabilitation. The policy, published by the provincial general office, aims to expand large-scale sports enterprises and cultivate leading service firms. It also promotes integrating AI and IoT into sports gear and developing smart venues.

TREE NEWS update: Zhejiang province plans to grow its sports industry to 1 trillion yuan by 2030. The province aims to lead in sports events, nurture 10 nationally influential sports enterprises, and boost consumption through immersive scenes, village-brand tournaments, and extended venue hours.

TREE NEWS update: Sunwoda announced its subsidiary Sunwoda Power will issue new shares to Li Auto, which will invest 2.65 billion yuan to subscribe for 1.4 billion yuan of new registered capital, acquiring an 8.79% stake post-increase. The plan was approved by the board. Sunwoda Huizhou New Energy’s stake will drop from 26.38% to 24.06%, but the unit remains consolidated.

TREE NEWS update: Beijing’s commerce bureau and five other departments issued a plan to boost digital and AI-driven home-care services. It encourages housekeeping platforms to develop elderly-care and companion robots, smart wearables, and health monitors, exploring human-machine collaboration to meet care needs for the elderly and children.

TREE NEWS update: The World Meteorological Organization confirmed on September 3 that an El Nino event has emerged and is expected to intensify into a super El Nino within months. China’s National Climate Center predicts continued impacts through autumn and winter, with significant effects next summer, including heavy rain and active typhoons.

TREE NEWS update: Beijing’s commerce bureau and five other departments issued a plan to boost the home-based elderly care and childcare services industry. The plan supports scaling up key service platforms and enterprises, aiming for steady growth of large-scale domestic service firms. It encourages innovation, smart scenarios, and continued tax benefits to reduce costs and improve efficiency.

TREE NEWS update: RoboSense’s all-solid-state digital LiDAR E2, powered by its ‘Peacock’ chip, has achieved mass production with the launch of Navimow H5 Pro, a robotic lawn mower by Segway-Ninebot’s brand Unilan. Unveiled at IFA 2026 in Berlin, this marks the first mass-production project for E2 and the ‘Peacock’ chip, described as the industry’s highest-spec all-solid-state area-array SPAD-SoC. Since January, RoboSense has been the exclusive supplier of digital perception products for Unilan’s three product lines.

TREE NEWS update: Wuhan’s housing authority, with multiple departments, issued a notice relaxing rules on using housing provident funds to repay commercial mortgages on first homes. The previous 12-month withdrawal interval is lifted. Borrowers can now apply after six months of regular repayment and withdraw monthly thereafter, with cumulative withdrawals capped at the loan amount.

TREE NEWS update: China’s Consulate General in New York held a US-China relations exchange at the Harvard Club on May 2, themed “Our Shared Expectations,” with over 150 American friends from various sectors attending. Consul General Chen Li emphasized that the improvement and development of bilateral ties align with the fundamental interests of both peoples and the international community’s expectations, citing the important consensus reached by the two heads of state in May on building a constructive strategic stable relationship.