Flash News

TREE NEWS reports: Major asset managers are rebuilding gold positions after a price retreat, betting on long-term support despite a hawkish Fed. Europe’s largest, Amundi SA, expects gold to return to $5,000 per ounce by year-end. Pictet, Robeco, and Fidelity International also added back holdings they had trimmed earlier this year.

TREE NEWS update: China’s Ministry of Natural Resources and the National Data Administration co-hosted a meeting in Beijing, marking the official launch of the country’s first public data authorization operation project for national satellite navigation and positioning reference station network service data. The project is part of national space-time information infrastructure efforts.

TREE NEWS update: JD Logistics announced that Wu Hao has resigned as CFO to take a new role at JD Group, effective September 4, 2026. Mao Jun has been appointed as the new CFO, succeeding Wu.

TREE NEWS update: Israeli Defense Minister Israel Katz said on September 4 that the military’s recent operation to seize the Ali Taher ridge in southern Lebanon is a key step in consolidating Israel’s presence there. He added that Israel will not withdraw from the ‘security zone’ in Lebanon until Hezbollah is fully disarmed.

TREE NEWS reports: US spot bitcoin ETFs recorded their largest single-day net inflow since January, totaling $731 million. Analysts attributed the surge to dovish comments from Federal Reserve Governor Christopher Waller, which boosted risk appetite for digital assets.

TREE NEWS update: Russian sources said on Thursday that US President’s special envoy Steve Witkoff and Jared Kushner, Trump’s son-in-law, will visit Moscow on September 5-6, then travel to Kyiv, Ukraine. The trip comes amid ongoing diplomatic efforts to address the conflict.

TREE NEWS update: The Hong Kong Monetary Authority (HKMA) has approved the appointment of Ms. Dujamei as Chief Legal Counsel, a role equivalent to Assistant Chief Executive. The appointment takes effect on February 12, 2027.

TREE NEWS update: Longsys has priced its H-share offering at HK$236.00 per share, effective September 4, 2026. The final offer price was confirmed in a company announcement, paving the way for the listing on the Hong Kong Stock Exchange.

TREE NEWS update: Bilibili announced plans to issue $700 million in convertible senior notes, alongside an equity placement and share repurchase program. The move aims to raise capital and return value to shareholders. Details on the terms and timing were not disclosed.

TREE NEWS reports: Since the start of 2026, rising global storage prices have driven price increases on over 40% of smartphone models, a first for the industry. New models are priced 25% higher than those released a year earlier. Average retail prices worldwide have climbed 15%, with some models nearly doubling, as manufacturers pass on higher component costs.

TREE NEWS update: The Guangdong Securities Regulatory Bureau, in collaboration with the Shenzhen Stock Exchange, recently hosted a ‘Walk into SZSE’ bond business exchange event. The initiative aligns with the 15th Five-Year Plan’s goals to revitalize existing assets, steadily develop asset securitization, and raise the proportion of direct financing. Over 130 representatives from more than 80 entities, including local government state-owned assets and financial departments, bond issuers, and listed companies, attended.

TREE NEWS update: China has initiated three national standards for solid-state batteries for electric vehicles, covering performance, safety, and lifespan specifications. Wang Fang, chief scientist at CATARC, announced on September 4 that the standards have been approved for project initiation, with draft comments expected by end of this year. This move aims to fill gaps in international standards for next-generation battery technology.

TREE NEWS update: A record 82 new funds began offering this week in China, the highest weekly launch count on record. Among them, the first batch of eight ChiNext computing infrastructure ETFs started sales on September 4. A total of 167 funds are currently marketing or about to launch, with equity funds and yield-enhanced fixed-income products leading issuance.

TREE NEWS update: Crypto KOL Rune revealed that Bonkguy, the top trader on the Fomo platform, is 64 years old. Bonkguy’s on-chain holdings total $15.74 million, leading the platform’s profit rankings. His spot trading cumulative PNL surpassed $10 million on August 31, with major gains from PONS, which rose about 6000% from average entry price. Despite a loss on JINQIAN, he maintains a win rate over 80% in the past month.

TREE NEWS update: Russia said on Sept. 4 that the Zaporizhzhia nuclear power plant has been running on diesel generators for 16 days after losing all external power, citing plant spokesperson Yevgenia Yashina. This marks the second-longest outage, after a month-long blackout in autumn 2025. The situation is described as “extremely tense.”

TREE NEWS update: Guangdong Governor Meng Fanli met with Sinochem Holdings Chairman Li Fanrong in Guangzhou on [date not specified]. The meeting included provincial officials and representatives from Guangzhou, Huizhou, and Zhongshan municipalities. Discussions likely focused on economic cooperation and development initiatives between the province and the state-owned chemical giant.

TREE NEWS reports: The onshore yuan closed at 6.7108 against the dollar at 16:30 Beijing time, up 73 points from the previous official close and 70 points from the previous night session close.

TREE NEWS reports: The UK construction PMI dropped to 44.3 in August, below the expected 46 and down from July’s 44.7. The reading signals a continued contraction in the sector, with activity declining at a faster pace than the previous month.

TREE NEWS update: On September 3, China’s State Council Work Safety Committee held a video conference to advance the crackdown on “fake new-energy fuel stations,” which have been found to be illegal sales points. Authorities in Hubei Province have investigated and dealt with 189 such sites, detaining 142 people. The campaign aims to deepen investigations nationwide.

TREE NEWS update: Panama Canal Authority will reduce daily ship transits from 36 to 34 starting September 3, and further to 32 from September 15, due to low water levels in the artificial lakes that supply the canal, caused by reduced rainfall from El Niño. The maximum draft for ships will also be lowered from 15.24 meters to 14.63 meters.