Flash News

TREE NEWS update: Invesco Great Wall Fund appointed Nong Bingli as co-manager of its Invesco Great Wall Emerging Growth fund, the largest of star manager Liu Yanchun’s products, effective immediately. It is the third time in six months that Liu has been given a co-manager, and the assets he manages alone have fallen to 1.651 billion yuan.

TREE NEWS update: The US military carried out a new targeted strike on Iran, hitting Qeshm Island. The strike marks a fresh escalation in military action against Iranian territory. No further details on casualties or damage were immediately provided.

TREE NEWS update: The Communist Party of China Central Committee has issued a notice setting out arrangements for the election of delegates to the party’s 21st National Congress. The notice was carried by the state news agency Xinhua. No date was given for the congress itself, which is held every five years.

TREE NEWS update: US President Donald Trump announced on the 6th that Deputy White House Chief of Staff Stephen Miller will replace Susie Wiles as White House Chief of Staff starting on the 9th. Wiles will move to Trump’s political operations team. Trump made the announcement in a social media post, calling Miller one of his most trusted advisers and praising Wiles’s performance as chief of staff.

TREE NEWS update: US President Donald Trump confirmed on the evening of November 6 that US forces carried out a small-scale strike on Iran, saying they ‘took out small Iranian air defense installations.’ Trump said the military action ‘doesn’t count as a war’ and that the US should be considered an ‘occupier’ because it controls the Strait of Hormuz. Iranian media reported that two missiles hit Qeshm Island in southern Iran early on November 7, with no official information yet on damage.

TREE NEWS update: Mt. Gox bankruptcy trustee Nobuaki Kobayashi said the Tokyo District Court has approved extending the repayment deadline for base, early lump-sum and intermediate payments from Oct. 31, 2026 to Oct. 31, 2027. It is the fourth consecutive one-year extension since the original October 2023 date. About 34,400 BTC, roughly a quarter of the planned distribution, remains on-chain.

TREE NEWS reports: China’s gold reserves rose to 78.30 million ounces at the end of October from 77.47 million ounces at the end of September, marking the 24th consecutive month of expansion. The 830,000-ounce monthly increase extends a buying run that has made the People’s Bank of China one of the largest official-sector gold buyers.

TREE NEWS reports: China’s foreign exchange reserves rose to $3.4052 trillion in October, up from $3.40025 trillion in September. The increase of about $4.93 billion marks a modest expansion in the country’s foreign currency holdings.

TREE NEWS update: California voters have rejected a proposed billionaire tax. The measure would have levied a new tax on the state’s wealthiest residents. The outcome marks a defeat for proponents who argued the levy would raise revenue for public services.

TREE NEWS update: Paraguay’s former President Santiago Peña was arrested by police at his private residence in Asunción on the evening of the 6th and placed under house arrest. Earlier that day, Paraguay’s Congress approved an impeachment motion finding him guilty of dereliction of duty and removed him from office.

TREE NEWS update: China’s 14th National People’s Congress Standing Committee reviewed a draft revision to the Law on the Administration of Tax Collection during its 25th session and published the full text for public comment. One major change in the draft concerns late-payment surcharges on overdue tax, a system that currently has no upper limit. The draft is now open for public feedback.

TREE NEWS reports: US Vice President JD Vance has directly participated in indirect talks with Iran over the past two weeks, seeking a new ceasefire agreement and a restart of nuclear negotiations. The behind-the-scenes diplomacy was reported on the 6th, with Vance personally involved in the indirect exchanges. No further details on the status of the talks were provided.

TREE NEWS update: Japan’s Ground Self-Defense Force delivered Type 16 maneuver combat vehicles to Okinawa on March 5, marking the first deployment of the vehicle in the prefecture. The move supports the upgrade of the 15th Brigade based in Naha to a division. Local residents held a rally to protest the deployment.

TREE NEWS update: China’s 43rd Antarctic expedition held its departure ceremony in Sanya. The team set off from the southern Chinese city as the country’s annual polar research mission gets underway. No further details on the team’s size, route or research objectives were provided.

TREE NEWS update: The US State Department sanctioned two Chinese companies on November 5, in what is reported to be the first US sanctions on Chinese firms over Cuba-related grounds. China’s Commerce Ministry said the unilateral sanctions, imposed over third-party ties, violate international law and basic norms of international relations, and it firmly opposes them. Beijing urged Washington to correct the move and said it reserves the right to take necessary measures to protect its legitimate rights.

TREE NEWS update: Guangdong Wushang Holdings Group and a Guangdong Provincial Electronic Port research delegation visited Hikvision’s headquarters on Nov. 5 for exchange and discussion. The two sides will focus on cooperation in key areas including Guangdong’s smart port construction, rapid testing and screening of bulk bulk cargo, digital and intelligent supervision of cargo clearance, and cargo rights control, to support the high-quality development of Guangdong’s smart ports.

TREE NEWS reports: Chinese public mutual funds bought more than 2 billion yuan ($280 million) of their own products in October, with active ETFs serving as a key vehicle, while billion-yuan private managers including China Euro Asset Management and Kaifeng Investment also purchased their equity funds. The self-purchases coincide with a cluster of market-stabilization measures, which industry participants say are reinforcing the market’s internal stability mechanism and investor confidence.

TREE NEWS update: Postal Savings Bank of China recently listed three large-denomination certificates of deposit with 3- and 6-month terms, completing the product shelves of all six state-owned banks. Agricultural Bank of China, China Construction Bank, Industrial and Commercial Bank of China, Bank of China, and Bank of Communications have all resumed issuance since Bank of China led the restart in July. Experts said the move is a phased arrangement to absorb maturing deposits and optimize liability duration amid low net interest margins, not a high-rate deposit grab, and no trend reversal in deposit rates has emerged.

TREE NEWS update: Fenghua Advanced Technology said the MLCC industry’s business climate has continued to improve this year, with product prices rising steadily. The company, which operates in a fully competitive market, will adjust pricing based on supply and demand, customer mix and product structure. Capacity utilization has stayed at a high level and its order book is sufficient, it said, as it pushes to raise the share of high-end products including high-capacitance parts, automotive-grade resistors and alloy resistors.

TREE NEWS update: President Donald Trump said on the 6th that the United States carried out a “small strike” on Iran, destroying a small Iranian-made air defense installation. Iran’s Tasnim news agency reported earlier, citing preliminary reports, that two missiles struck Iran’s Qeshm Island.