Flash News

TREE NEWS update: JAC Motors said reports that its ultra-luxury Zunjie SUV could be built by Seres, and that the Zunjie SUV plan had been scrapped, are untrue. An internal source at the automaker told reporters the claim was false, while Seres had not responded as of publication. The denial followed recent market speculation about the Zunjie SUV program.

TREE NEWS update: China’s Hybio Pharmaceutical said it expects net profit attributable to shareholders of 430-450 million yuan for the first three quarters of 2026, up 502.65%-530.68% from 71.35 million yuan a year earlier. Revenue is forecast at 1.23-1.25 billion yuan, up 80.06%-82.98%, on rising API sales, while R&D spending on the HY3003 trispecific drug and small nucleic acid programs rose sharply. The figures are unaudited.

TREE NEWS update: Seres disclosed that as of October 12, 2026, its cumulative share buyback totaled 17.5357 million shares, or 1.01% of total share capital, up about 0.11 percentage points from the prior disclosure. The repurchases cost RMB 983 million at prices between RMB 43.99 and RMB 91.00 per share. The bought-back shares will be used to reduce registered capital.

TREE NEWS update: Goertek has terminated the planned spin-off and listing of its subsidiary Goertek Microelectronics on the Hong Kong Stock Exchange’s main board. The Chinese components maker disclosed the decision to abandon the separate Hong Kong listing, ending a process that would have carved out the microelectronics unit as an independently traded company. No reason for the termination or further timetable was given in the disclosure.

TREE NEWS update: Stellantis India, Tata Motors Passenger Vehicles and its subsidiary Tata Passenger Electric Mobility have signed an agreement expanding their partnership into advanced technology and product collaboration. The filing did not disclose financial terms or a timeline for the expanded cooperation.

TREE NEWS update: Dongxing Securities said the Shanghai Stock Exchange has decided to terminate the listing of its A-shares, with the delisting and removal date set for October 19, 2026. The exchange’s delisting decision is dated October 12, 2026, and follows the merger by share exchange in which CICC is absorbing both Dongxing Securities and Xinda Securities. The shares will not enter a delisting consolidation period or be listed on a delisting board.

TREE NEWS reports: Nvidia is in early talks to invest further in or acquire AI model company Reflection AI, possibly by absorbing its team and licensing its technology, with no deal or price announced. Nvidia closed at $229.28 on October 9, down 0.52%. For its fiscal 2027 second quarter ended July 26, 2026, revenue was $96.2 billion, up 106% year on year, with data-center revenue of $89 billion, up 117%.

TREE NEWS update: Kereis announced it is planning to acquire 100% of Shenzhen Honggang Optoelectronic Packaging Technology via share issuance and cash, alongside a supporting fundraising. The target makes optical communication and laser tube shells, gold-tin preforms and hybrid integrated circuit packages; all seven shareholders have signed a letter of intent. Trading in Kereis shares was suspended from the open on October 13, 2026, for up to 10 trading days, with the deal plan due by October 27, 2026.

TREE NEWS reports: Nvidia-backed data-center operator Firmus Grid Ltd. shelved an IPO that would have raised as much as $5.5 billion last week, after investors balked at a valuation that had climbed to $30 billion. The Australian company is now pursuing private funding from existing investors. Asia-Pacific equity capital markets have raised nearly $250 billion so far this year through IPOs, share placements and block trades, versus about $260 billion in all of 2025.

TREE NEWS update: The Shanghai Stock Exchange has decided to delist Xinda Securities, with the termination of listing and removal from trading set for October 19, 2026, the brokerage announced. The delisting follows CICC’s share-swap absorption of Dongxing Securities and Xinda Securities; each Xinda A-share converts into 0.5210 CICC A-shares, with no delisting-consolidation period. Xinda will be deregistered as a legal entity after the merger, with CICC assuming all assets, liabilities, business, staff, contracts and licenses.

TREE NEWS update: Hongxin Electronics said its wholly owned subsidiary Beijing Anliantong Technology signed a purchase contract worth 2.131 billion yuan including tax with Company A and a sales contract worth 852 million yuan with Company B, both covering high-performance server computing chips. Delivery and billing will be in separate batches with independent acceptance. The deals fall within the chairman’s approval authority, require no board review, and are not related-party transactions or major asset restructuring.

TREE NEWS update: CICC said it will absorb Dongxing Securities and Xinda Securities via a share swap, issuing A-shares to all A-share holders of the two firms, a deal approved by the CSRC on September 7. The Shanghai Stock Exchange will delist both companies’ shares on October 19 without a delisting consolidation period. Until the swap is completed, former A-share holders’ accounts will no longer show the corresponding share value, with fractional shares handled under previously disclosed rules.

TREE NEWS update: Hang Seng Indexes Company said it has launched a new index tracking the performance of Hong Kong-listed companies engaged in hard-technology businesses. The index covers sectors including semiconductors, artificial intelligence, electronic equipment, new energy equipment and other high-end equipment manufacturing, the company said in a statement.

TREE NEWS update: XPeng launched its G9L globally at the Paris Motor Show, with the company targeting the gradual delivery of its advanced driver assistance system to global users from 2027. The rollout marks the Chinese EV maker’s push to extend high-level intelligent driving features beyond its home market.

TREE NEWS update: Hong Kong Exchanges and Clearing has partnered with S&P Dow Jones Indices to launch the S&P 500 HKEX Tech 100 Index, the exchange announced. The index measures the performance of leading US-listed companies alongside the largest technology companies listed in Hong Kong. It allocates roughly 60% to the HKEX Tech 100 Index and 40% to the S&P 500, with weights rebalanced quarterly.

TREE NEWS update: Tencent repurchased HK$100.36 million worth of its own shares on October 12, the company said. The buyback is part of the Chinese tech giant’s ongoing share repurchase program. No further terms of the transaction were disclosed.

TREE NEWS update: Biren Technology said all conditions of its new H-share placement were fulfilled and the deal closed on October 12, 2026, with placing agents selling 130 million new H shares at HK$31.08 each to no fewer than six placees. The shares represent about 9.54% of its issued H shares and 5.00% of total issued shares immediately before closing; gross proceeds were HK$4.04 billion, or about HK$4.02 billion net. Total issued shares after closing stand at 2.73 billion.

TREE NEWS reports: Goldman Sachs strategists led by Christian Mueller-Glissmann upgraded their three-month view on global equities from neutral to overweight, matching their 12-month bullish stance. In a note, the team said stock valuations look less expensive after rising oil prices and bond yields stalled the rally, while corporate earnings prospects remain solid and should lift markets already trading near record highs.

TREE NEWS update: GigaDevice announced a plan to buy back 1 billion to 2 billion yuan of its A-shares via centralised bidding, with the repurchased stock to be cancelled and registered capital reduced. The buyback window runs from 20 August 2026 to 19 February 2027 at a maximum price of 750 yuan per share. To date the company has repurchased 2.7178 million shares, or 0.39% of total share capital, at 308.99 to 411.95 yuan per share, for a cumulative 1.035 billion yuan excluding fees.

TREE NEWS reports: Youyan New Materials reported third-quarter 2026 revenue of 2.304 billion yuan, down 13.86% year on year, with net profit attributable to shareholders of 79.9611 million yuan, down 30.61%. Non-recurring-adjusted net profit for the quarter rose 82.38% to 73.6699 million yuan. For the first three quarters, revenue reached 8.462 billion yuan, up 24.98%, and net profit rose 7.31% to 263 million yuan.