Flash News

TREE NEWS update: Oman’s Sultan Haitham bin Tariq will make a state visit to China, his first since succeeding to the throne and the first by an Omani head of state in the 48 years since diplomatic ties were established, China’s Foreign Ministry said on October 30. President Xi Jinping will hold talks with Sultan Haitham, and Premier Li Qiang will meet him, ministry spokesman Guo Jiakun told a regular briefing.

TREE NEWS update: China’s Foreign Ministry said on April 30 that it supports South Africa’s continued participation in G20 activities, after South Africa was not invited to the G20 foreign ministers’ meeting in Atlanta. Spokesperson Guo Jiakun said the G20 is the premier forum for international economic cooperation and that South Africa is an important member.

TREE NEWS update: China’s People’s Liberation Army Southern Theater Command on Oct. 30 deployed naval and air forces for a combat readiness patrol in the territorial waters and airspace around Huangyan Island, known internationally as Scarborough Shoal. The command described the operation as a necessary countermeasure to what it called Philippine infringements and provocations. It said Huangyan Island is Chinese territory and that patrols in the area have been stepped up since the start of October.

TREE NEWS update: China’s Foreign Ministry said on October 30 that it firmly opposes and strongly resents the United States over a reported decision by US regulators to bar all Chinese laboratories from testing US electronic devices, including smartphones. Spokesperson Guo Jiakun said the move overstretches national security and abuses state power, obstructing normal business ties and harming US firms and consumers alike. Beijing will take necessary measures to protect its legitimate rights, he said.

TREE NEWS update: The Communist Party of China Central Committee held a symposium with non-Party figures to solicit opinions on a draft decision on persistently advancing full and rigorous Party self-governance, state media reported. Xi Jinping presided over the meeting and delivered an important speech. The decision addresses major issues concerning the Party’s comprehensive and strict governance.

TREE NEWS update: Bank of Japan Governor Kazuo Ueda said the central bank cannot pre-commit to raising interest rates on a fixed cycle, such as every few months. The goal is to achieve stable inflation, and the BOJ is not yet ready to declare victory, he said. The remarks leave the timing of further rate increases open.

TREE NEWS update: China’s Academy of Information and Communications Technology (CAICT), together with China Telecom, China Mobile, Shanghai Unicom, the Shanghai Institute of Optics and Fine Mechanics and other units, launched the ‘Leading Goose Plan’ for storage capacity on October 21, 2026, as part of the ‘Computing Power Strong Foundation’ initiative. The plan has three phases: pilot research to close storage technology gaps in AI scenarios, demonstration projects with prototype validation, and full-scale commercialization.

TREE NEWS reports: China’s treasury futures closed lower on the day, with the 30-year main contract down 0.94%, the 10-year contract down 0.21%, the 5-year contract down 0.17% and the 2-year contract down 0.06%. The declines across the curve came as the longer-dated contract posted the steepest drop.

TREE NEWS update: Bank of Japan Governor Kazuo Ueda said the central bank needs to closely monitor bank lending and corporate financial conditions, noting some small and mid-sized firms are currently finding it difficult to obtain financing. Ueda said he believes ultra-loose monetary policy has produced some positive effects, but inflation did not reach the 2% target within two years as originally planned. Energy and raw material prices pushed up consumer prices noticeably in September and October.

TREE NEWS update: Bank of Japan Governor Kazuo Ueda said timely and appropriate execution of monetary policy is crucial for stabilizing inflation expectations. Asked about the effects of global central bank rate hikes, Ueda said the BOJ will monitor mechanisms including medium- and long-term bond and foreign exchange markets. He said the BOJ will watch the cumulative effects of past rate hikes and financial conditions when setting policy, and will assess risks to its baseline scenario at every policy meeting, including in December.

TREE NEWS update: Austrian Chancellor Christian Stocker will make an official visit to China from Nov. 2 to 7 at the invitation of Chinese Premier Li Qiang, the Chinese Foreign Ministry announced. The visit was confirmed by a ministry spokesperson. No further details of the trip’s agenda were disclosed.

TREE NEWS reports: Combined turnover across the Shanghai and Shenzhen stock exchanges reached 1.674468 trillion yuan on October 30. Shanghai contributed 764.227 billion yuan and Shenzhen 910.241 billion yuan, while the ChiNext board accounted for 454.175 billion yuan of the total.

TREE NEWS reports: BP reported third-quarter adjusted net profit of $8.46 billion, up from $2.21 billion a year earlier and ahead of the $7.26 billion estimate. Adjusted EBIT for oil production and operations rose 54% year on year to $3.53 billion, while gas and low-carbon energy adjusted EBIT reached $3.18 billion versus $1.52 billion a year ago. Capital expenditure was $2.96 billion, below the $3.08 billion estimate, and adjusted earnings per share came in at $0.5437 versus $0.1424 a year earlier.

TREE NEWS reports: China’s ChiNext index fell 4.13% and the Shenzhen Component dropped 2.73% on the day, with the Shanghai Composite down 1.44%, as more than 4,600 stocks across the Shanghai, Shenzhen and Beijing markets closed lower on turnover of 1.69 trillion yuan. The tech-heavy ChiNext and STAR 50 indices have each lost over 20% this month amid a broad retreat in technology shares, while consumer and pharmaceutical stocks rallied.

TREE NEWS reports: The Shanghai Composite closed down 1.44% at 3,599.02, with the Shenzhen Component falling 2.73% to 10,833.78 and the ChiNext Index dropping 4.13% to 2,413.63. The CSI 300 declined 1.39% to 3,985.50, while the STAR 50 fell 5.48% to 1,160.84. The CSI 500 closed 2.91% lower at 6,266.19 and the CSI 1000 fell 3.41% to 6,161.23.

TREE NEWS reports: Shanghai silver’s main futures contract fell more than 6% at the close of Chinese commodity trading, with platinum and Shanghai tin dropping over 5% and polysilicon and palladium down more than 3%. Apple futures rose over 6%, while egg and asphalt contracts gained more than 3%.

TREE NEWS reports: UK house prices were unchanged in October, with the Nationwide house price index posting 0% month-on-month, compared with a forecast of -0.2% and a previous reading of -0.2%. The flat print marks a slight improvement from September’s decline.

TREE NEWS reports: Germany’s import price index rose 10.4% year-on-year in September, exceeding the 10.3% expected and accelerating from 8.3% the previous month. The faster-than-expected increase points to persistent cost pressures from imported goods in Europe’s largest economy.

TREE NEWS update: Russia’s Defense Ministry said its armed forces carried out a large-scale overnight strike on Ukrainian military-industrial enterprises, the energy facilities supporting them, port infrastructure and maritime vessels used by the Ukrainian military. The ministry said the attack, on October 30, used ground-based precision weapons and drones.

TREE NEWS update: Bank of Japan Governor Kazuo Ueda said the central bank has not yet achieved a stable and sustainable inflation target, adding that the decision to declare an end to deflation rests with the government. Ueda said the risk of excessive inflation has not necessarily increased compared with a month ago, and that the risk of inflation overshooting cannot be ignored. He declined to comment on whether the joint agreement with the government will be revised.