Flash News

TREE NEWS update: Shanghai Yahong announced that controlling shareholder Hainan Ningsheng Tourism Group is still discussing a major matter that could change control of the company, with significant uncertainty remaining. Trading in the shares will stay suspended from the market open on Sept. 14, 2026, for no more than three trading days, pending disclosure and a resumption application.

TREE NEWS update: Zhang Chunlin, former party secretary and president of Agricultural Bank of China’s Anhui branch, is under disciplinary review and supervisory investigation on suspicion of serious violations of discipline and law. The review is being conducted by the disciplinary inspection team stationed at ABC by the Central Commission for Discipline Inspection and the Hunan Provincial Commission for Discipline Inspection, with the Changde City supervisory commission handling the case.

TREE NEWS update: miHoYo’s legal department said a final ruling has been issued in its copyright infringement and unfair competition suit against a company it calls Ge X, ordering the firm to stop the infringement and pay 750,000 yuan in economic losses and reasonable expenses. The court found the company had copied the voices of 63 Genshin Impact characters into a voice-changing resource pack sold for 19 to 59 yuan each. The judgment is now in effect.

TREE NEWS update: European Central Bank Governing Council member and Bank of France Governor Moulin said France’s economy is not in danger but the situation is worrying, adding that the country must reduce its deficit and stay vigilant on debt costs. He called this week’s ECB rate hike justified, said the economy may recover modestly, and said France must vote on its budget by year-end. Cancelling debt would be illegal and dangerous, and would push up inflation and interest rates.

TREE NEWS update: A revised version of the CLARITY Act would target “non-decentralized” DeFi operators, with the bill’s ethics section left largely unchanged despite being a main point of contention ahead of a pivotal Senate vote. The measure is being finalized as lawmakers prepare for the vote.

TREE NEWS reports: A former senior Bank of Japan official warned that US Treasury Secretary Scott Bessent’s “unusual” intervention in Japan’s monetary affairs could damage the BOJ’s credibility and trigger greater global market volatility. The warning comes as markets expect the BOJ to raise rates by 25 basis points at next week’s meeting, a faster pace than its earlier cautious timetable. Finance Minister Satsuki Katayama said Bessent’s “I’m the house” warning to bond traders sounds “a bit scary” in Japanese.

TREE NEWS reports: A former senior Bank of Japan official warned that US Treasury Secretary Scott Bessent’s “unusual” intervention in Japan’s monetary affairs could damage the BOJ’s credibility and trigger greater global market volatility. The warning comes as markets expect the BOJ to raise rates by 25 basis points at next week’s meeting, a faster timetable than previously anticipated. Bessent has escalated verbal pressure in recent weeks, while Finance Minister Satsuki Katayama said his “I am the house” warning to bond traders sounds “a bit scary” in Japanese.

TREE NEWS update: Gao Xiaoyun, deputy party secretary of the Guizhou Provincial Bureau of Geology and Mineral Resources, is under disciplinary review and supervisory investigation on suspicion of serious violations of discipline and law, the Guizhou Provincial Commission for Discipline Inspection and Supervision announced on the 11th.

TREE NEWS update: China’s National Healthcare Security Administration convened a surgical robot expert symposium on the morning of September 11 in Beijing. Representatives from seven domestic and foreign surgical robot makers — including Huake Precision, Shanghai MicroPort, Medtronic, Intuitive Fosun, Shenzhen Jingfeng, Beijing TINAVI and Stryker — took part, alongside delegates from five hospitals, among them Guangdong Provincial People’s Hospital, Peking University People’s Hospital, Beijing Tiantan Hospital, Jishuitan Hospital and Beijing Tongren Hospital.

TREE NEWS reports: On the morning of September 11, the National Healthcare Security Administration organized an expert symposium on surgical robots. Representatives from seven domestic and international surgical robot manufacturers attended, including Huake Precision, Shanghai MicroPort, Medtronic, Intuitive Fosun, Shenzhen Jingfeng, Beijing TINAVI, and Stryker. Representatives from five hospitals—Guangdong Provincial People’s Hospital, Peking University People’s Hospital, Beijing Tiantan Hospital, Jishuitan Hospital, and Beijing Tongren Hospital—also participated in the discussion and exchange.

TREE NEWS update: Sam Bankman-Fried has petitioned the U.S. Supreme Court to overturn his fraud conviction and $11 billion forfeiture, arguing he was unfairly barred from presenting evidence that FTX held more than enough assets to cover losses from its collapse. The filing asks the justices to review the conviction that followed the exchange’s 2022 failure.

TREE NEWS update: China’s State Administration for Market Regulation revised and published the new Compulsory Product Certification Implementation Rules for Power Banks, Lithium-Ion Batteries and Battery Packs on May 25, and certification bodies have since issued the first batch of 32 3C certificates under the new rules. The revision is aimed at tightening source-level governance of portable power bank products.

TREE NEWS update: Japanese Finance Minister Satsuki Katayama declined to comment on exchange-rate levels, saying Japan’s stance on foreign exchange is unchanged since joint intervention. She said Tokyo will maintain close communication with the U.S. Treasury, declined to comment on U.S. Treasury Secretary Scott Bessent’s remarks, and said his “I’m the house” line sounds somewhat frightening in Japanese.

TREE NEWS update: China’s Ministry of Industry and Information Technology issued an ‘AI Plus Software’ special action plan, targeting a significant rise in the software and IT services sector’s intelligence level by 2028. The plan aims to deploy smart programming tools and development platforms across 20,000 large software firms, run 100 enterprise AI technical upgrade projects, and build 100 benchmark agent-software applications in key industries while incubating at least five open-source projects.

TREE NEWS update: Kalshi has received approval from the US Commodity Futures Trading Commission to list perpetual futures contracts tied to gold and silver, with the new markets going live on the platform on September 10. The application was filed in July. Udesh Jha, chief risk officer at Kalshi’s clearinghouse Kalshi Klear, said precious metals were chosen as the next asset class for perpetual futures because of strong market interest, noting gold and silver have a distinct trading story tied to inflation.

TREE NEWS update: US Treasury Secretary Scott Bessent pushed back on observers who say his intervention in the Treasury market conflicts with Fed Chair Kevin Warsh’s stated preference for letting markets price freely without central-bank guidance. Bessent said critics are trying to create a “Bessent versus Warsh” narrative, calling it “complete nonsense.” He added that investors are not demanding a higher risk premium on long-term US debt and dismissed the concerns as “a bunch of noise.”

TREE NEWS update: China’s deputy permanent representative to the UN, Sun Lei, voiced serious concern and strong opposition after certain Security Council members forced a meeting on September 10 under a terminated agenda item to push for the restoration of UN sanctions on Iran. Sun said the move was made despite wide divisions remaining among council members on the issue.

TREE NEWS update: The Trump administration has proposed eliminating the 60-day discretionary grace period that lets H-1B and other foreign workers stay in the US while seeking a new sponsor after losing their jobs. The rule would scrap the accommodation in place since 2017. The Department of Homeland Security says the proposal would cut its administrative burden, while critics argue it shifts responsibility to the State Department and raises costs for employers that dismiss foreign staff.