Flash News

TREE NEWS update: China’s securities regulator issued an administrative penalty decision (No. 37 of 2026) banning Zong Jianshu, a securities practitioner, from the market for five years for fabricating and spreading false information. The CSRC found that on December 16, 2025, Zong fabricated information about tax rate adjustments and posted it in a WeChat group, which was determined to be false.

TREE NEWS update: China’s securities regulator, the CSRC, has approved CICC’s absorption merger of Dongxing Securities and Xinda Securities through newly issued shares. After completion, the two brokerages will be dissolved and their branches converted into CICC branches. Oriental Asset and Xinda Asset will become major CICC shareholders with 8.03% and 16.76% stakes respectively, while CICC will become a major shareholder of Dongxing Fund and Xinda Aoya Fund and take control of Dongxing Futures and Xinda Futures.

TREE NEWS update: China has officially launched data property rights registration, the National Data Administration said, issuing “identity certificates” for data across various forms. The registration clarifies who holds the data, what it can be used for and who may use it, as the country pushes to speed the circulation and use of data as a new production factor.

TREE NEWS update: Albuquerque has banned Bitcoin ATMs and given operators 45 days to remove the machines from the city. A city councilor said 90% of crypto kiosk transactions in Albuquerque are tied to fraud, calling the machines a conduit for crime. The removal deadline applies to operators of the kiosks currently deployed in the city.

TREE NEWS update: The European Securities and Markets Authority said major prediction platforms are operating in the EU without authorization, and questioned the geographic restrictions used by Polymarket and Kalshi. The regulator’s findings put the two prediction markets’ partial geo-blocking arrangements under scrutiny as EU licensing requirements apply.

TREE NEWS update: BRICS finance ministers and central bank governors on Friday renewed calls for urgent reform of the International Monetary Fund and the World Bank to give emerging and developing economies a greater voice. In a joint statement they said the post-war Bretton Woods institutions should better reflect shifts in the global economy, urging higher IMF quotas and voting rights for those economies and stronger representation in the leadership of both bodies.

TREE NEWS update: The Shanghai Stock Exchange said it took self-regulatory measures this week against 53 instances of abnormal securities trading, including ramping and false declarations, and placed stocks with large price swings such as Longban Media under key monitoring. It also conducted special checks on major corporate matters at 32 listed companies and referred one suspected violation case to the China Securities Regulatory Commission.

TREE NEWS update: China’s Cyberspace Administration, Ministry of Agriculture and Rural Affairs and Ministry of Industry and Information Technology jointly issued the Digital Countryside High-Quality Development Action Plan (2026-2030). The plan calls for breakthroughs in key core technologies including agricultural sensors and dedicated chips, core algorithms, robots and intelligent-design breeding tools, alongside an integrated innovation system spanning basic research, applied research and R&D manufacturing.

TREE NEWS update: China’s Cyberspace Administration, Ministry of Agriculture and Rural Affairs, and Ministry of Industry and Information Technology jointly issued the Digital Countryside High-Quality Development Action Plan (2026-2030). The plan calls for deeper universal telecom service and “Broadband Border” construction, on-demand 5G and gigabit optical network deployment in rural areas, and exploration of high-throughput satellites and low-earth-orbit satellite internet to provide diversified network access for rural and remote regions.

TREE NEWS update: China’s Ministry of Finance issued an implementation plan to accelerate high-quality development of agricultural insurance, requiring that premium subsidy funds be disbursed to insurers promptly and payment methods be optimized. The plan also calls for stronger verification of policyholder information against agricultural production and historical insurance data, and encourages provincial-level finance departments to settle directly with insurers’ provincial branches.

TREE NEWS update: The People’s Bank of China issued an administrative penalty against SDIC Securities Co., Ltd., warning the firm and fining it 818,000 yuan. 71 of 2026 dated June 22, 2026. The central bank cited three violations: failure to conduct customer due diligence as required, failure to report suspicious transactions as required, and failure to carry out money-laundering risk assessments or establish corresponding risk management systems.

TREE NEWS update: Sam Bankman-Fried has petitioned the US Supreme Court to overturn his FTX fraud conviction, arguing his lawyers were barred from telling jurors that customers lost no money. The filing also challenges the $11 billion forfeiture order, which the defense calls a “crushing fine.”

TREE NEWS update: Chinese Premier Li Qiang signed a State Council decree publishing the Regulation on Market Supervision Offices, which takes effect on November 1, 2026. The regulation is intended to strengthen the building and management of market supervision offices and give fuller play to market supervision functions in support of high-quality economic and social development.

TREE NEWS update: Shi Shunhua, former Party Committee member and vice president of China Merchants Bank Co., Ltd., is under disciplinary review for suspected serious violations of discipline and law, the Central Commission for Discipline Inspection and the National Supervisory Commission said on September 11. The review is being conducted by the discipline inspection group stationed at China Merchants Group and the Fujian Provincial Supervisory Commission.

TREE NEWS update: Zhu Hexin, deputy governor of the People’s Bank of China and administrator of the State Administration of Foreign Exchange, met visiting Monetary Authority of Singapore deputy managing director Leong Sing Chiong on September 9. The two sides exchanged views on the global economic and financial situation and on deepening China-Singapore cooperation in the financial sector. SAFE deputy administrator Li Bin attended the meeting.

TREE NEWS update: The Shanghai No. 2 Intermediate People’s Court on September 11, 2026 handed former Shanghai Industrial Investment (Holdings) president Zhou Jun a suspended death sentence for embezzlement, with a two-year reprieve, lifetime deprivation of political rights and confiscation of all personal property. On the bribery charge he received 12 years in prison and a 2 million yuan fine; the combined sentence is death with a two-year reprieve. Illegal gains will be recovered.

TREE NEWS update: US Senate Republicans on September 10 released a 630-page revised CLARITY Act that would replace the House-passed H.R.3633, adding CFTC registration paths for non-decentralized DeFi protocols and tightening rules for prediction markets and credit unions. The Senate votes September 15 at 2:15pm ET on a cloture motion requiring 60 votes to begin consideration. The new text still lacks Democratic support.

TREE NEWS update: People’s Bank of China Deputy Governor Xuan Changneng met S&P Global President Martina Cheung on September 10, the central bank said. The two exchanged views on current Chinese and global economic and financial conditions, the opening-up of China’s financial sector, and S&P’s business operations in China.

TREE NEWS update: China’s Central Commission for Discipline Inspection and the Ministry of Finance jointly notified six typical cases of accountability for hidden local government debt on the 11th, state broadcaster CCTV reported. The move is intended as a warning to deter new hidden local government debt, the two departments said.

TREE NEWS update: Bitget Wallet has joined the Blockchain Collaborative Consortium (BCCC), Japan’s largest blockchain industry association, becoming the first global consumer-facing self-custody wallet to do so. The membership comes as Japan prepares to implement new rules for crypto asset intermediation services in June 2026. Bitget Wallet said it will take part in policy discussions on the role of self-custody wallets under the compliance framework and promote on-chain everyday finance among Japanese users. BCCC, founded in 2016, has over 270 member companies.