Flash News

TREE NEWS update: China’s National Energy Administration said on October 26 that cumulative installed wind and solar power capacity reached 2.01 billion kilowatts as of the end of September 2026. Solar accounted for 1.31 billion kilowatts and wind for 700 million kilowatts. The milestone marks a doubling of the country’s combined renewable generation base.

TREE NEWS reports: China’s total installed power generation capacity reached 4.13 billion kilowatts by the end of September, up 11.2% year-on-year, the National Energy Administration said. Solar capacity rose 16.5% to 1.31 billion kW, while wind capacity climbed 20.4% to 700 million kW. Average utilization of power generation equipment fell 194 hours to 2,174 hours in the first nine months.

TREE NEWS reports: The Shanghai Composite closed up 0.19% on Thursday after recovering from early losses, while the ChiNext Index fell 1.71% and the Shenzhen Component dropped 1.19%. PetroChina gained over 5% to its highest level since May 2008, leading oil and gas stocks higher. Robot-concept and gaming shares rallied, with several stocks hitting their daily limit, while PCB and computing-hardware names slumped. Total turnover across the Shanghai, Shenzhen and Beijing markets reached 1.62 trillion yuan.

TREE NEWS update: The Agricultural Development Bank of China issued 4 billion yuan of five-year bonds at a 1.4230% yield, below the expected 1.4000%, with a bid-to-cover ratio of 8.71 times and a marginal ratio of 2.80 times. It also issued 4 billion yuan of ten-year bonds at a 1.6494% yield, against an expected 1.6500%, with a bid-to-cover ratio of 9.64 times.

TREE NEWS reports: Methanol’s main futures contract closed limit-up in Chinese commodity trading, with bitumen rising more than 6%. Fuel oil, propylene and polypropylene gained over 5%, while LPG, polyethylene, styrene, paraxylene and pure benzene each climbed more than 3%. Caustic soda fell over 5%, with apples and red dates down more than 3% and live hogs down nearly 3%.

TREE NEWS update: Tradr ETFs is liquidating two leveraged exchange-traded funds tied to SK Hynix, just months after their US listing, as investor appetite for the AI trade fades. The long and short products were designed to deliver twice the daily performance, or twice the inverse, of the South Korean chipmaker’s American depositary receipts.

TREE NEWS reports: China has become the most popular international destination for Indonesian travelers for the first time, based on outbound booking data from online travel platform tiket.com. Singapore, Malaysia and Japan had previously topped the list of preferred overseas destinations for Indonesian citizens.

TREE NEWS update: Henan province issued a 7-year general local government bond of 1.557 billion yuan at a 1.5100% coupon, with a marginal bid-to-cover ratio of 2.63 times against an expected 1.51. It also sold 15-year and 20-year special bonds of 846 million yuan and 355 million yuan at 1.9600% and 2.1800%, plus 30-year general and special bonds totaling 15.796 billion yuan, both at 2.2000%.

TREE NEWS update: Henan province issued ten local government bonds on a single day, raising a combined 215.85 billion yuan across tenors of 5 to 20 years. A 7-year general bond raised 24.85 billion yuan at a 1.51% coupon, while two 20-year special bonds raised 87.82 billion and 37.12 billion yuan at 2.13% and 2.14%. The issuance also included land-reserve, shantytown-renovation and general special bonds.

TREE NEWS update: China’s independently developed Lijian-2 Y2 carrier rocket was transferred to its dedicated launch pad at the Dongfeng Commercial Space Innovation Test Zone on the 26th, entering the final pre-launch preparation phase. The rocket will be launched in the near future at an opportune time.

TREE NEWS update: China’s Southern Regional Power Market now has more than 270,000 registered market participants, about a quarter of the national total, the National Development and Reform Commission’s institutional reform department said. Market-based trading accounts for 67.5% of electricity transactions, roughly 4 percentage points above the national average. Since continuous settlement trials began, over-plan west-to-east power transfers have exceeded 20 billion kWh, and 2025 transfer volume hit a record 261.6 billion kWh.

TREE NEWS reports: Japan’s Nikkei 225 closed 0.80% lower at 62,189.65 points, while South Korea’s KOSPI ended down 1.45% at 5,469.59 points. The declines in the two major Asian equity benchmarks were reported in the same session.

TREE NEWS update: The 2026 Diamond Industry Conference and the 30th Superhard Materials Technology Development Forum will be held in Shanghai from Nov. 12 to 15, organizers said. The event will cover diamond thermal management devices, lab-grown diamond industry development and consumer markets, diamond semiconductor devices, diamond tool processing for metals and hard-brittle materials, and diamond drilling tools for extreme environments. A review meeting for the superhard materials industry’s 15th Five-Year Plan will be held alongside the conference.

TREE NEWS update: A drone attack on Russia’s Voronezh region killed two people and injured 17 on October 26, regional governor Alexander Gusev said. Gusev announced the casualties the same day as the strike, without giving further details on the targets or the origin of the drones.

TREE NEWS update: Singapore will raise its statutory retirement age from 64 to 65 on Jan 1, 2029, a year earlier than planned, after accepting recommendations from a tripartite workgroup on older workers. The re-employment age will also rise, allowing employees to keep working until 70. The government will reduce taxes for seniors who continue working past the retirement and re-employment ages, raising their take-home pay, and will increase the minimum and maximum payouts of the employment assistance scheme.

TREE NEWS reports: Meituan is seeking to raise $1 billion through a bond offering. The Chinese food-delivery and local-services group is tapping the debt market for the financing. Further terms of the offering, including pricing and maturity, were not disclosed.

TREE NEWS update: China Consumer Association, together with the China Market Supervision and Administration Society and the China Article Numbering Center, issued a consumer advisory ahead of the Double 11 shopping season, warning that opaque pricing, complicated promotion rules and misleading advertising remain the main areas where shoppers’ rights are harmed. The bodies urged consumers to put “seeing clearly” before “buying fast” and “actually needing it” before “looking cheap”.

TREE NEWS update: A field team from the China Earthquake Administration on the 25th discovered the surface rupture zone of the 7.0-magnitude earthquake in Baqing, Tibet for the first time, about 15 kilometers east of the epicenter and 20 kilometers from Maru Township. The rupture zone was identified during follow-up surveys after the quake struck the region.

TREE NEWS update: Chinese authorities have begun drafting a mandatory standard requiring vehicles to be equipped with C-V2X cellular vehicle-to-everything technology. A working group has been formed and dozens of organizations are already participating, the person said. No timeline or publication date for the standard was disclosed.

TREE NEWS update: The UK and Canadian finance ministries said in a joint statement that the UK-backed Multilateral Defence Mechanism and Canada-led Defence, Security and Resilience Bank will operate as two separate but complementary partners, with the UK opting to go it alone despite earlier plans to merge. UK Prime Minister Burnham had discussed joining the defence bank with Canadian Prime Minister Carney, but later talks exposed differences. UK Chancellor John Healey intends to increase funding for the Multilateral Defence Mechanism to help fill the UK’s defence budget gap.