Flash News

TREE NEWS update: China’s Ministry of Industry and Information Technology (MIIT) held a roundtable on international cooperation in the auto industry on Oct. 21 during the 2026 World Intelligent Connected Vehicles Conference, chaired by Vice Minister Xin Guobin. Xin said intelligent connected vehicles are reshaping vehicle forms, energy consumption and mobility, and called for stronger dialogue, policy coordination and practical cooperation to build an inclusive, shared industry ecosystem.

TREE NEWS update: Meta’s board approved a new publicly listed non-voting Class C common stock, to be distributed as a one-for-one stock dividend on each existing Class A and B share. The restated charter’s effective date is Jan 19, 2027, and the dividend follows it; the record and payment dates have not been set. Meta said the dividend changes no shareholder’s voting rights and expects Class A’s price to reflect a roughly two-for-one split effect.

TREE NEWS reports: European benchmark natural gas futures briefly hit €94 per megawatt-hour on Friday, the highest since December 2022, and gained about 7% over the week for a fourth consecutive weekly advance. The rally reflects persistent concern that Middle East conflict will keep squeezing global supply as the region enters peak energy-demand season. Crude oil and power contracts also climbed.

TREE NEWS update: China launched the Yaogan-50-03 satellite on a Long March 6A rocket from the Taiyuan Satellite Launch Center on Wednesday, successfully placing it into its planned orbit. The satellite will be used for land resource surveys, crop yield estimation and disaster prevention and mitigation. The launch mission was declared a complete success.

TREE NEWS update: China Securities Regulatory Commission Chairman Wu Qing met Hong Kong Financial Secretary Paul Chan and Securities and Futures Commission CEO Julia Leung on Oct. 23, 2026. The two sides exchanged views on supporting Hong Kong’s implementation of its first five-year plan, deepening practical cooperation between the two capital markets, promoting coordinated development and consolidating Hong Kong’s status as an international financial center.

TREE NEWS update: The Bank of Russia said its interest-rate decision will depend on consumer price inflation and inflation expectations. It forecast end-2026 inflation at 7.1%-7.6%, up from a prior 6%-7% range, with inflation at 6.8% as of Oct. 19. The central bank also projected 2026 GDP growth of 0.5%-1% and 2027 growth of 1%-2%, both revised from earlier forecasts.

TREE NEWS update: Russia’s central bank kept its benchmark interest rate unchanged at 14.00% on Friday, in line with expectations. The decision leaves borrowing costs at their existing level, with the central bank giving no further guidance in the statement.

TREE NEWS reports: China’s housekeeping services sector is overwhelmingly made up of micro and small businesses, which account for 91.2% of all housekeeping enterprises, according to the China Housekeeping Services Development and Communication Impact Report released on Wednesday. Nearly 2 million companies nationwide have “housekeeping services” in their registered business scope and are in normal operating status, including more than 1 million individually owned businesses; over half were established within the past three years.

TREE NEWS update: China’s National Development and Reform Commission issued the “Administrative Measures for Medium- and Long-Term Energy Supply Contracts (Trial),” effective December 1, 2026. The rules place medium- and long-term contracts for thermal coal, electricity and natural gas under a single institutional framework, the NDRC said. The move is intended to raise the institutional, legal and standardized level of such supply contracts.

TREE NEWS reports: Credit stress in AI infrastructure is spreading, with CoreWeave bond yields rising to 15% and stoking concerns over financing costs and profitability across the neocloud sector, QCP Capital said on Oct. 23. Tesla’s cut to future capital spending added to worries about AI returns, pushing investors toward Treasuries. QCP said bitcoin is still tracking equities lower and has yet to show independent price discovery.

TREE NEWS update: The 2026 Global Governance Forum opened in Xiong’an New Area, Hebei, on the evening of May 23, drawing nearly 400 participants from more than 90 countries across politics, strategy, academia, business and youth leadership. Under the theme ‘Rebuilding Confidence and Cooperation: Centennial Changes and Reforming and Improving Global Governance,’ the forum runs through May 25 and features an opening ceremony, plenary speeches, 22 seminars across five sub-forums and several side events.

TREE NEWS update: China’s National Development and Reform Commission issued trial measures for medium- and long-term energy supply contracts, stating in Article 24 that prices in intra-provincial contracts must be set by suppliers and buyers through market trading. The rules encourage both sides to build price-fluctuation mechanisms linked to power market supply and demand, user affordability and fuel costs, and bar local authorities from forcing fixed prices.

TREE NEWS reports: The 10-year U.S. Treasury yield fell 15 to 21 basis points across maturities on Oct. 22, its largest single-day decline since the March 2023 regional bank crisis, closing at 4.95%. JPMorgan attributed the move to a European sovereign debt selloff and weakness in Nasdaq tech stocks, not to a material improvement in U.S. fundamentals. The bank said foreign private capital continues to flow into long-end Treasuries and recommended holding 10s/30s steepeners.

TREE NEWS reports: Bitcoin fell 45.5% in the month after the 2018 US midterms but rose 31.6% in the 30 days following the 2010 vote. One year after each election, BTC posted gains ranging from 23.0% in 2014 to 1,580.0% in 2010. The data suggest no consistent “sell the midterms” pattern, with short-term volatility and longer-term positive returns.

TREE NEWS update: Shanghai Shibei Hi-Tech reported a net loss attributable to shareholders of 112 million yuan for the first three quarters of 2026, narrowing from a 187 million yuan loss a year earlier. Revenue rose 105.74% year on year to 1.678 billion yuan, driven mainly by industrial property sales. Third-quarter revenue was 369 million yuan, up 72.22%, while the quarterly net loss held at 41 million yuan.

TREE NEWS update: Ding Xiangqun, Party Secretary and Director of China’s National Financial Regulatory Administration, met with Standard Chartered Group Chairman Maria Ramos and her delegation on October 20. The two sides exchanged views on the international economic and financial situation, China’s high-level opening-up of its financial sector, and Standard Chartered’s operations in China.

TREE NEWS update: Russia has started supplying diesel to the United States, with the first tanker carrying the fuel already dispatched, Kremlin press secretary Dmitry Peskov confirmed on October 23. Peskov said the supply began under an agreement reached between Russia and the US and will continue on a regular schedule.

TREE NEWS update: Russia said negotiations on Ukraine are scheduled to take place in Abu Dhabi in early November, the Kremlin announced. The statement gave no further details on the participants or the agenda. The talks would mark a new round of diplomatic engagement on the war in Ukraine.

TREE NEWS update: The Dalian Commodity Exchange said in a notice dated Oct. 23 that the trading margin level for the LH2701 hog futures contract will rise from 8% to 10%, effective at settlement on Oct. 27, 2026 (Tuesday). For contracts that also meet the exchange’s risk-management rules on margin adjustments, the higher of the applicable margin values will be collected. The exchange asked member firms to warn clients and strengthen risk controls.

TREE NEWS update: Four Chinese government departments issued a notice to prevent poor-quality intermediaries from influencing the certification of high-quality small and medium-sized enterprises, calling for stronger data verification. SME authorities will coordinate with intellectual property and tax departments to cross-check key data. A patent pre-screening mechanism will be studied, using local IP expertise to flag abnormal patents and assess patent quality during the certification of specialized and innovative SMEs and “little giant” firms.