Flash News

TREE NEWS update: On September 2, the State-owned Assets Supervision and Administration Commission (SASAC) and the Chinese Academy of Sciences launched a training program for central enterprises in deep-sea and deep-Earth industries. SASAC Vice Chairman Tan Zuojun stressed focusing on industry pain points, leveraging CAS research strengths, and fostering high-level talent to drive high-quality development.

TREE NEWS update: Liu Min, chief engineer of China’s State Administration for Market Regulation, said at the 2026 World Power Battery Conference that preventing ‘involution-style’ competition has been incorporated into the comprehensive rectification framework. Jointly with the Ministry of Industry and Information Technology and the National Development and Reform Commission, the administration will continue capacity early-warning regulation, standardize price competition, and strengthen product quality supervision to build a market environment of quality-first, fair competition.

TREE NEWS reports: Nomura said the Bank of Japan could raise interest rates at all three meetings through December if yen weakness persists. Yujiro Goto, head of Japan FX strategy, called a 0.25 percentage point hike this month ‘reasonable’ and said October and December could see consecutive hikes if yen slides toward 160.

TREE NEWS update: On September 3, Country Garden chairperson Yang Huiyan told a monthly management meeting that the ‘828 New Policy’ shifts the industry from presales to completed-home sales, from fast turnover to quality, and from corporate credit to project credit. The old high-leverage, fast-turnover model no longer applies, she said, calling for a full overhaul of operations, development logic and organizational structure to adapt.

TREE NEWS update: China’s Ministry of Finance issued 130 billion yuan of 1-year bonds at a coupon of 1.1922%, with marginal rate at 1.2202%, versus 1.1600% expected, and a bid-to-cover ratio of 2.73 times. Separately, it sold 24 billion yuan of 20-year bonds at 2.1270%, near the 2.1200% forecast, with a bid-to-cover of 11.70 times.

TREE NEWS update: China’s National Healthcare Security Administration will expand the scope of centralized drug and medical consumable procurement, guided by the principle of “new drugs not procured, procured drugs not new.” It will include more high-volume, overpriced products and deepen efforts in traditional Chinese medicine, biologics, and consumables to reduce patient costs. Procurement rules will be optimized to prevent bid-rigging and promote fair, rational competition.

TREE NEWS reports: Chinese stocks edged up at midday on September 4, with the ChiNext index gaining 0.43% after paring earlier gains. Consumer and agricultural shares led gains, with several stocks hitting daily limits, while precious metals fell. Trading volume reached 1.25 trillion yuan in the morning session.

TREE NEWS reports: China’s government bond futures ended the morning session mixed on [date not specified]. The 30-year main contract rose 0.02%, while the 10-year, 5-year, and 2-year main contracts each fell 0.04%, 0.04%, and 0.02%, respectively.

TREE NEWS update: China Exim Bank priced its 1-year bond at 120 billion yuan with a coupon of 1.3337%, below the expected 1.3500%. The bid-to-cover ratio was 2.86 times, and the marginal ratio was 1.25 times, indicating solid demand.

TREE NEWS update: At its 12th anniversary event, JD Supermarket reported double-digit revenue growth and a 15% year-on-year rise in users for the first half of 2026. The company added over 10 brands exceeding 100 million yuan, over 100 products exceeding 10 million, and over 1,000 products exceeding 1 million. To address rising traffic costs and price competition, JD Group VP Niu Yinghua announced four co-creation initiatives: product, user, channel, and efficiency.

TREE NEWS update: China has initiated international standards development for power battery thermal management and retired battery recycling through ISO and IEC, leveraging its industrial practices. The move aims to provide standardized support for the global power battery industry’s coordinated development.

TREE NEWS reports: Southbound capital net selling reached 5 billion yuan as of now. The flow reflects continued outflows from Hong Kong stocks via the Stock Connect scheme.

TREE NEWS reports: China’s overnight Shanghai Interbank Offered Rate (SHIBOR) held at 1.3620% on the latest fixing, unchanged from the previous session. The 7-day rate edged up 0.20 basis points to 1.3760%, while the 3-month rate remained steady at 1.4300%. The rates reflect stable short-term liquidity in the interbank market.

TREE NEWS update: The IMF and El Salvador reached a staff-level agreement on the second and third reviews under the Extended Fund Facility, unlocking about $140 million pending board approval. The IMF confirmed Chivo wallet has largely exited public use, with ownership and control transferred to private operators, and El Salvador pledged no further bitcoin acquisitions beyond recorded private donations.

TREE NEWS update: Japan’s Finance Minister Katsunobu Kato said that US Treasury Secretary Scott Bessent did not discuss Bank of Japan policy in their talks. The two countries’ ministries confirmed that no unilateral policy demands were made.

TREE NEWS update: Japan’s Finance Minister Katsunobu Kato said that US Treasury Secretary nominee Scott Bessent has long believed the yen is undervalued, attributing this mainly to interest rate differentials. The remarks highlight ongoing currency concerns ahead of potential policy shifts.

TREE NEWS reports: At the morning close, Japan’s Nikkei 225 index rose 0.9%, while the broader Topix index fell 0.2%. The mixed performance reflects divergent moves among large-cap and other stocks on the Tokyo Stock Exchange.

TREE NEWS update: China’s National Healthcare Security Administration announced that by the end of 2028, the long-term care insurance system will be basically fully covered nationwide. The agency plans to expand coverage from employees to urban and rural residents, unify disability assessment standards, and promote mutual recognition of results across regions. Policies for异地 care and integration with existing subsidies for elderly and disabled individuals will be improved.

TREE NEWS reports: Shanghai Ganglian data shows MMLC battery-grade lithium carbonate (morning session) midpoint price at 152,200 yuan/ton, down 1,900 yuan/ton from 16:30 previous day.