Flash News

TREE NEWS update: ST Wenfeng said Jiangsu High Court ruled in the securities manipulation case involving Xu Xiang and Xu Changjiang, upholding 11 verdicts requiring compensation of 8.598M yuan to 58 investors with company joint liability, but overturning two others, making Xu Xiang solely liable. The judgment amount is below the 41.3637M yuan provision, with no impact on current earnings. Courts have accepted 1,017 investor lawsuits, with 67 settled, totaling 9.7004M yuan in joint compensation.

TREE NEWS update: The Philippine central bank has proposed pausing new payment operator registrations while imposing enhanced monitoring and transaction limits on arrangements involving virtual asset firms. The measure aims to tighten oversight of the sector amid growing crypto-related risks.

TREE NEWS update: UK Chancellor Rachel Reeves acknowledged public concerns over AI, stating it will transform the labour market in ways even economists cannot fully comprehend. She stressed the need to address national security risks posed by AI and pledged not to let opportunities slip, while vowing to prevent unregulated expansion.

TREE NEWS update: On September 7, 2026, the Weifang Intermediate People’s Court in Shandong sentenced Wang Jianjun, former vice chairman of the China Securities Regulatory Commission, to life imprisonment for bribery. His political rights were stripped for life, and all personal property was confiscated. Illicit gains and their proceeds were ordered to be turned over to the state treasury.

TREE NEWS update: On Sept 7, China’s Ministry of Industry and Information Technology (MIIT) released its 15th Five-Year Plan for the information and communications industry, proposing a full-lifecycle real-name registration and security management system. The plan includes building a data-driven, precise risk-control and closed-loop technical prevention system, promoting tiered handling of fraud-related apps, and establishing an industry anti-fraud laboratory. It also aims to strengthen AI-driven anti-fraud technical systems and explore AI anti-fraud assistants, with coordinated governance across telecom, finance, and cyberspace departments.

TREE NEWS update: China and the United States have maintained communication on artificial intelligence issues, Foreign Ministry spokesperson Mao Ning said on May 7 in response to reports of a possible AI dialogue between the two countries in coming weeks. Mao made the remarks at a regular press briefing.

TREE NEWS update: China’s Supreme People’s Court on Sept 7 issued judicial guidelines for AI-related disputes, covering AI face-swapping, voice imitation, AI hallucinations, and data discrimination. The 24-article document sets rules for civil liability and litigation procedures to foster healthy AI development.

TREE NEWS update: China’s State Administration for Market Regulation (SAMR) published its second batch of typical cases under merger antitrust review, aiming to enhance transparency in enforcement and guide compliant investment and M&A by market entities.

TREE NEWS update: South Korea’s National Tax Service ruled that individuals with accounts at overseas virtual asset exchanges must report them as foreign financial accounts even if the exchange goes bankrupt. The NTS stated on August 28 that residents trading digital assets must declare such accounts regardless of the operator’s insolvency. Digital assets subject to overseas account reporting are expected to reach 10.5 trillion won in 2026, down 5.4% from 2025.

TREE NEWS update: The Bangko Sentral ng Pilipinas (BSP) plans to suspend acceptance of new registrations, licensing, and related authorization applications from payment system operators (OPS) for one year. The moratorium aims to facilitate a comprehensive review of the classification and licensing framework for OPS. The draft also proposes a central database for QR-accepting merchants, integrating merchant identity, registration, payment service providers, settlement accounts, and risk classification, with status flags.

TREE NEWS update: HSBC Bank (China) announced on September 7 that it has completed a direct system link with China Wealth, becoming one of the first foreign banks to do so since the new asset management product information disclosure rules took effect on September 1.

TREE NEWS update: Iran’s Supreme National Security Council Secretary Ali Rezaei announced on April 6 that Tehran will declare a “no-go zone” in the Strait of Hormuz in the coming days. The zone will extend from a U.S. naval blockade line into parts of the Persian Gulf. Any vessel entering the zone will be blacklisted by Iran, which claims it can track and sink U.S. ships but has refrained to avoid environmental damage from oil spills.

TREE NEWS reports: A growing number of institutions are exploring stablecoins, but the sector’s expansion hinges on regulated infrastructure they can trust. The report highlights that banks are essential to provide the necessary regulatory compliance and trust. Without bank involvement, stablecoin adoption may face bottlenecks in scalability and institutional acceptance.

TREE NEWS update: Chilean crypto exchange Orionx has ceased operations and suspended withdrawals after a forensic audit revealed over $7 million in custodial assets were transferred to wallets outside its control. The exchange accused co-founders Joaquín Díaz and Roberto Zibert, along with other former employees, of involvement in transactions between 2018 and 2021, and filed a complaint with Chilean prosecutors. The CMF noted Orionx was not authorized to offer crypto services under the Fintech Law. Orionx said it cannot guarantee full recovery of user funds.

TREE NEWS update: El Salvador’s President Nayib Bukele has refuted a Spanish newspaper report claiming the country transferred control of its Bitcoin reserves, calling it ‘fake news.’ The report alleged over 7,763 BTC were moved to private operators. Bukele said the claim is ‘completely false,’ noting an IMF statement referred to a stake transfer in Chivo wallet, not the strategic reserve. He accused the media of lying to readers.

TREE NEWS update: Polish lawmakers failed to overturn a presidential veto of crypto legislation, keeping the bill blocked. The decision came as the Zondacrypto investigation expands and its Estonian operator enters bankruptcy, deepening the scandal.

TREE NEWS update: Kalshi CEO Tarek Mansour said the CFTC will issue new rules under Rule 40.11 within weeks or months, as New Jersey asks the Supreme Court to decide whether states can regulate sports betting on CFTC-registered exchanges. The Third and Ninth Circuits have split on the issue. Kalshi has 30 days to respond to New Jersey’s September 2 petition, after which the state may reply within 10 days.

TREE NEWS update: A US federal judge on September 4 rejected a temporary restraining order sought by three Stars and Stripes journalists, allowing the Defense Department to proceed with their termination. Judge Trevor McFadden ruled that the plaintiffs had not shown their First Amendment rights were likely violated. The case involves publisher Max Lederer, editor Eric Slavin, and Middle East correspondent Lara Corte.

TREE NEWS update: A US judge on September 4 extended an injunction against the government’s new mail-in voting regulations. The move follows a temporary restraining order issued by Boston federal Judge Indira Talwani on August 27, which paused the US Postal Service from implementing the rules. The government appealed on August 28.