Flash News

TREE NEWS update: Bank of Japan Governor Kazuo Ueda said the central bank will consider whether to raise interest rates at every policy meeting, including in December, with the timing dependent on incoming data and not pre-determined. He said underlying inflation has reached a level consistent with the 2% target but has yet to achieve a stable, sustainable 2%, and that the BOJ must narrow the gap between its policy rate and the neutral rate.

TREE NEWS update: China’s National Energy Administration said it will further standardize the electricity retail market to promote healthy industry development, a spokesperson said at a press conference. As of the end of September, more than 3,700 power retail companies had registered with power trading centers and were actively trading, with 878 new entrants and 374 exits — mostly firms that had not conducted business for three consecutive years or had violated rules. Retailers overall remained profitable.

TREE NEWS reports: Hong Kong’s Hang Seng Index closed up 1.46% and the Hang Seng Tech Index gained 0.29%. Consumer stocks led gains, with Mao Geping up over 13%, Mengniu Dairy up over 9% and Pop Mart up over 4%. Technology shares were broadly lower, as Shenghong Technology fell over 9%, GigaDevice dropped over 8% and Hua Hong Semiconductor declined over 6%.

TREE NEWS reports: China’s population stood at 1.40489 billion at the end of 2025, remaining above 1.4 billion and accounting for more than 17% of the global total, the National Bureau of Statistics said in its 2025 social and livelihood statistics report. The 16-59 age group numbered 851.36 million, or 60.6% of the population, indicating abundant labor resources.

TREE NEWS update: China’s State Administration for Market Regulation, National Development and Reform Commission, Ministry of Ecology and Environment, Ministry of Industry and Information Technology and National Energy Administration jointly issued an action plan for building a product carbon footprint standards system covering 2026-2028. The plan sets out more than 100 national product carbon footprint standards across five key areas, the five departments said.

TREE NEWS reports: European equities opened mostly lower on Wednesday, with the Euro Stoxx 50 down 0.61% and Germany’s DAX off 0.26%. France’s CAC 40 slipped 0.01%, while the UK’s FTSE 100 bucked the trend, gaining 0.53%.

TREE NEWS reports: Switzerland’s KOF economic leading indicator fell to 107.6 in October, below the expected 108.1 and down from 109.1 in September. The reading signals a slower pace of economic momentum in the country.

TREE NEWS update: The 61st International Committee of Legal Metrology (CIML) conference was held in Delhi, India, from October 26 to 28, with more than 100 delegates from nearly 60 member states attending. Bai Qingyuan, deputy director of China’s State Administration for Market Regulation and a member of the CIML Presidential Council, led the Chinese delegation. An important OIML technical committee secretariat will be based in China.

TREE NEWS update: Shandong’s health commission and eight other provincial departments issued a joint notice ordering employers to uphold statutory marriage, maternity, paternity, childcare and caregiving leave, with wages and benefits paid in full during leave. The notice bars employers from hinting that staff voluntarily give up leave or encouraging them to shorten it, and from reassigning or sidelining workers because of marriage, pregnancy, childbirth, breastfeeding or childcare. Leave may not be tied to annual performance reviews.

TREE NEWS update: The Tibet Financial Regulatory Bureau on Tuesday issued a notice requiring banks and insurers to support recovery and reconstruction in Baqing County, Nagqu, after a magnitude-7.0 earthquake. The notice instructs institutions to maintain continuous basic financial services in the disaster zone, provide targeted assistance to affected households and businesses, and coordinate rebuilding with rural and pastoral housing safety.

TREE NEWS update: Dizal Pharma reported a net profit attributable to shareholders of 3.639 billion yuan for the first three quarters of 2026, reversing a 580 million yuan loss in the same period a year earlier. Revenue for the nine months reached 4.77 billion yuan, up 713.50% year on year, while non-recurring net profit was 3.612 billion yuan. Third-quarter revenue alone was 4.247 billion yuan, up 1,736.09%, with net profit of 3.849 billion yuan.

TREE NEWS reports: Industrial Securities reported third-quarter 2026 net profit attributable to shareholders of 667 million yuan, down 43.97% year on year, with operating revenue at 2.583 billion yuan, down 33.31%. Non-recurring net profit fell 43.85% to 668 million yuan. For the first nine months, revenue rose 0.39% to 9.313 billion yuan and net profit climbed 10.93% to 2.797 billion yuan.

TREE NEWS reports: France’s October consumer price index rose 3.4% year on year in the preliminary reading, exceeding the 3.3% forecast and accelerating from 3.1% in September. The faster pace of inflation marks a pickup from the prior month’s reading.

TREE NEWS reports: France’s producer price index rose 1.7% month-on-month in September, accelerating from a 1% increase in the previous month. The reading points to firmer upstream price pressure in the euro zone’s second-largest economy.

TREE NEWS update: Chinese President Xi Jinping met Swiss Federal President Guy Parmelin at the Great Hall of the People in Beijing on the afternoon of October 30. Parmelin was on a working visit to China. No further details of the meeting were disclosed.

TREE NEWS update: China’s 14th National People’s Congress Standing Committee will hold its 25th session in Beijing from Nov. 2 to 6, the Council of Chairpersons decided. The agenda includes draft laws on financial affairs, state-owned assets, anti-cross-border corruption, tax collection and administration, plus a criminal procedure law amendment and a revised renewable energy law. The session will also review amendments to 15 laws including the emergency response law.

TREE NEWS update: Tesco is selling its businesses in the Czech Republic and Slovakia at an enterprise value of €1.7 billion. The disposal covers the retailer’s operations in both Central European markets. No buyer or completion timeline was disclosed in the announcement.

TREE NEWS update: A Hungarian court in Debrecen on October 29, 2026 dismissed a lawsuit by local residents against CATL’s battery plant, ruling the plaintiffs lost standing because the plant’s permits were later amended. The court also found no illegality in the government’s permitting process. CATL’s new cell factory in Debrecen had already begun production in late September this year.

TREE NEWS update: Bank of Japan Governor Kazuo Ueda said he wants to appropriately adjust interest rates toward a neutral level. Ueda also said the impact of monetary policy adjustments on financial conditions does not necessarily become apparent. The comments signal the BOJ’s continued intent to normalize policy, without specifying a timeline or the pace of any rate moves.

TREE NEWS update: Chinese Foreign Ministry spokesperson Guo Jiakun on Monday dismissed a New York Times report that a Chinese female executive has close ties to Nvidia CEO Jensen Huang and was described by U.S. intelligence as a Chinese operative. Guo told a regular press briefing that the report is groundless and amounts to slander against China. The Times published the claim as an exclusive the previous day.