Flash News

TREE NEWS update: China’s securities regulator held a meeting to conclude its education campaign on establishing a correct view of political achievements. It pledged to intensify efforts to identify and rectify deviations, integrate risk prevention and market supervision, and strengthen party building. The regulator also vowed to build a strict supervisory team and accept oversight from disciplinary bodies.

TREE NEWS update: Crypto firms are pressing the SEC to expedite ETF reviews and permit confidential draft filings, while Jane Street and Charles Schwab caution against rushed launches and reduced market scrutiny. The push highlights tensions between industry calls for faster approvals and concerns over transparency.

TREE NEWS update: China’s securities regulator has issued new requirements for securities and fund firms outsourcing channel services to third-party internet platforms, mandating pre-assessment mechanisms and ongoing monitoring of compliance, security, and contract performance. The guidance, part of the Financial Products Online Marketing Management Measures, updates institutional oversight rules.

TREE NEWS update: Shanghai Stock Exchange issued a regulatory warning to Longban Media and its then board secretary Sun Fujun for inadequate and inconsistent disclosure of its AI video business in semi-annual and stock trading anomaly announcements. The exchange said the firm failed to specify revenue scale and impact, risking investor misdirection.

TREE NEWS update: China’s National Financial Regulatory Administration (NFRA) released draft rules on information disclosure for banks and insurers, now open for public comment. The measures clarify responsibilities across institutions, directors, supervisors, senior managers, shareholders, actual controllers, and third-party services like accounting and law firms. They also empower regulators to take action against violations.

TREE NEWS reports: The U.S. Financial Crimes Enforcement Network (FinCEN) has linked $12.7 billion to cryptocurrency scams operated from compounds in Asia. Monthly reported sums have risen 18% on average, and the compounds are spreading beyond Southeast Asia.

TREE NEWS update: OpenReserve Holdings has received preliminary approval from the Office of the Comptroller of the Currency (OCC) to establish a national bank focused on onchain settlement. The approval follows a $25 million seed round backed by Andreessen Horowitz.

TREE NEWS update: China’s National Financial Regulatory Administration (NFRA) has issued draft measures on information disclosure for banks and insurance institutions, now open for public comment. The rules require these institutions to disclose details of financial products and services, including standard names, product types, transaction structures, rights and obligations, income distribution, fees, innovative designs, and risk levels, in accordance with laws and regulations.

TREE NEWS update: China’s Cyberspace Administration and six other ministries issued a plan to promote digital and green transformation, encouraging the use of virtual reality, artificial intelligence, and other digital intelligence technologies to innovate consumption models. The plan supports sharing economies, virtual home renovation and fitting rooms, and expands supply of AI terminals, smart wearables, green appliances, and new energy vehicles. It also promotes green e-commerce packaging and establishes green electricity consumption certification mechanisms.

TREE NEWS update: Coinbase filed notice registrations with the SEC this week to list perpetual futures on individual US stocks. The exchange said CFTC approval is the next step before offering single-stock perps to domestic customers. The move would expand its derivatives offerings beyond crypto assets.

TREE NEWS update: China’s Cyberspace Administration and six other agencies jointly issued the Implementation Plan for Promoting Coordinated Digital-Green Transformation (2026-2030). The plan targets that by 2030, AI will deeply empower green technology and industry, compute facilities and 5G base stations will significantly improve energy efficiency, and renewable electricity consumption in key areas like compute will reach provincial responsibility weight levels.

TREE NEWS update: China’s National Financial Regulatory Administration has opened public consultation on a draft amendment to the Insurance Law, proposing to bring insurer shareholders and actual controllers under regulatory oversight. The draft strengthens vetting of major shareholders and controllers, clarifies duties on capital contributions, related-party transactions, and disclosures, and bans equity entrustment and improper interference. It also adds coercive measures and specific penalties targeting shareholders and controllers.

TREE NEWS update: On Sept 4, China’s securities regulator issued draft rules on private fund fundraising supervision, clarifying individual qualified investor criteria: at least two years of investment experience or senior management roles, and household financial assets of at least 5 million yuan, or net household financial assets of 3 million yuan, or average annual income of 500,000 yuan in the past three years.

TREE NEWS update: The China Securities Regulatory Commission (CSRC) has penalized Yuandao Communication Co., Ltd. and its chairman Li Jin, director Wu Zhifeng, and deputy general manager and CFO Cao Yalei for fraudulent issuance and information disclosure violations. Between 2019 and 2022, Yuandao inflated operating revenue by fabricating work confirmation orders, and its securities issuance documents contained major false content, with false records in its 2022 annual report.

TREE NEWS update: China’s securities regulator, the CSRC, issued draft rules on the supervision of private fund offering and custody for public comment. The proposal mandates segregated accounts for fundraising, introduces dedicated oversight institutions, and strengthens internal controls, including compliance, risk management, and financial management, for private fund managers and sales agencies.

TREE NEWS update: Bank of China’s Inner Mongolia branch has issued the region’s first ‘Computing Token Loan’ to enterprises in Horinger New Area, replacing collateral-based credit with assessments of token usage scale, computing cooperation orders, core tech qualifications, and R&D capability. The loan aims to support the token economy, as Hohhot’s computing power industry reaches 150,000 P, including 146,000 P of intelligent computing.

TREE NEWS update: China’s securities regulator, the CSRC, has issued draft rules on supervision of private fund raising for public comment. The draft, containing seven chapters and 45 articles, sets principles of seller responsibility and buyer beware, refines qualified investor standards, and strengthens look-through supervision. It also specifies requirements for fund-raising processes, safekeeping of raised funds, and legal liabilities.