Flash News

TREE NEWS update: Beijing Municipal Party Committee Standing Committee member and Deputy Mayor Xia Linmao is under disciplinary review and supervisory investigation on suspicion of serious violations of party discipline and law, the Central Commission for Discipline Inspection and the National Supervisory Commission said. The announcement did not specify the nature of the alleged violations or give further details.

TREE NEWS update: China’s Ministry of Commerce will study and introduce more practical policy measures in areas including law, finance and logistics to strengthen services for companies investing overseas, Zhao Chunfeng, director of the ministry’s foreign investment and economic cooperation department, said on Oct. 22. As of the end of 2025, China had 58,000 outbound direct investment enterprises in 189 countries and regions.

TREE NEWS reports: Hong Kong’s Hang Seng Index closed down 3.03% and the Hang Seng Tech Index fell 5.03%. Among individual decliners, CATL dropped about 7%, while Bloks slid about 21%, R&F Properties about 12%, Lenovo Group about 11%, Asymchem about 11%, Shimao Group 10% and WuXi Biologics about 8%.

TREE NEWS reports: Hermès shares fell as much as 9% in early Paris trading and are down about 40% year-to-date, putting the stock on course for its worst annual performance since the company listed in 1993. The luxury goods maker’s decline marks a sharp reversal for a stock that had long been a sector standout.

TREE NEWS update: Paris police banned protests and demonstrations in parts of the city on Thursday, citing the risk of violence, including near the presidential palace, along the Champs-Elysees and near other tourist sites. The ban was issued by decree on the police website late Wednesday. Several other French cities also banned protests, ahead of a larger demonstration planned for Saturday.

TREE NEWS reports: The London Metal Exchange reported a 27,675-tonne increase in copper stocks, alongside declines in five other base metals. Tin inventories fell 160 tonnes, aluminium dropped 100 tonnes, zinc declined 750 tonnes, nickel decreased 192 tonnes and lead fell 5,325 tonnes. The exchange published the inventory changes without giving a reason for the moves.

TREE NEWS reports: The spread between French and German 10-year government bond yields widened to 169 basis points, the highest level since 2011. The move marks a fresh multi-year high in the yield gap between the eurozone’s two largest economies.

TREE NEWS reports: Norway’s sovereign wealth fund reported a 0.5% loss for the third quarter. The fund, one of the world’s largest investors, recorded the decline for the quarter ended September 30. No further details on the drivers of the loss were provided.

TREE NEWS reports: Tesla fell about 5% in pre-market trading after third-quarter revenue missed expectations and the company lowered its capital expenditure target. Semiconductor shares broadly declined, with IBM and Intel each down about 5%, Micron down about 3% and Nvidia down about 2%, while optical-communications stock Marvell fell about 5%. Meta edged higher after third-quarter revenue and fourth-quarter guidance both beat expectations, as it raised the lower bound of its AI capex target and plans to issue new non-voting shares.

TREE NEWS update: Foreign reinvested profits in China reached 93.99 billion yuan in the first nine months of the year, up 4.7% year-on-year, Vice Minister of Commerce Jiang Chenghua said at a State Council Information Office press conference on Oct. 22. Reinvestment projects have continued to land in artificial intelligence, biomedicine, aerospace and green chemicals, and industries tied to new quality productive forces have become a new frontier for foreign investment, he said.

TREE NEWS reports: China’s total retail sales of consumer goods have grown at an average annual rate of 7.1% since the 18th National Congress of the Communist Party of China, Xinhua reported. The figure covers the period from the 2012 congress to the present. No further breakdown of the data was provided.

TREE NEWS update: Chinese Foreign Minister Wang Yi and Djiboutian Foreign Minister Omar said on October 21 that rising tensions in the Red Sea pose a serious threat to the global economy, especially economic activity in Horn of Africa countries, and have worsened piracy and terrorism risks. The two sides said they do not want regional tensions to spill further into the Red Sea and called on all parties to abide by the UN Charter and international law and to use dialogue and diplomacy to avoid escalation, Chinese foreign ministry spokesperson Mao Ning said on October 22.

TREE NEWS reports: Foreign direct investment in China’s high-tech industries rose 33.8% in the first three quarters of the year, Xinhua reported. The figure covers inbound investment across the high-tech sector for the January-to-September period. No absolute investment value or breakdown by industry was given.

TREE NEWS update: Goodix reported third-quarter 2026 revenue of RMB 1.049 billion, down 17.37% year on year, with net profit attributable to shareholders falling 57.18% to RMB 105 million. Non-GAAP net profit dropped 59.58% to RMB 94.11 million. For the first nine months, revenue fell 11.62% to RMB 3.112 billion and net profit declined 47.26% to RMB 357 million. The company attributed the decline to weaker end-market demand, product pricing pressure and shifts in shipment mix.

TREE NEWS reports: High US 10-year Treasury yields are the primary drag on China’s A-share market, Wu Qidi, director of the Yuanda Information Securities Research Institute, said, adding that the high yields pressure global equities, especially richly valued tech growth stocks. Wu said no fundamental problems have emerged, noting that third-quarter reports show many industry leaders still growing profits and the earnings recovery trend unbroken.

TREE NEWS reports: Middle East crude exports last week were preliminarily estimated at 17 million barrels per day, about 94% of pre-war levels, Morgan Stanley said in a report, including flows bypassing the Strait of Hormuz. Saudi Red Sea loadings reached 3 million bpd, roughly 75% of which headed north into the Mediterranean. Vortexa data show refined product shipments recovered to at most 50% of normal levels.

TREE NEWS update: China’s stock of outbound investment stood at nearly $3.4 trillion at the end of 2025, keeping the country among the world’s top three for a ninth consecutive year, the State Council Information Office said at a briefing on December 22. Outbound direct investment reached $128.62 billion in the first three quarters of the year, showing steady and orderly development.

TREE NEWS update: Iran’s Revolutionary Guard Navy said on the 22nd that the United States is insisting on routing vessels through an “illegal channel” in the Strait of Hormuz, escalating maritime confrontations. It warned that if the trend continues, the scope of Iran-US confrontation will expand to US military bases in the region.

TREE NEWS update: China now has more than 18,000 tax refund stores nationwide, quadruple the number at the end of 2024, according to figures released at a State Council Information Office press conference on the “15th Five-Year Plan” on the 22nd. The figure was confirmed at the briefing on the plan’s opening phase. No further breakdown of the store count was provided.

TREE NEWS update: Chinese Foreign Ministry spokesperson Mao Ning said at a regular press briefing that dividing the Arctic into blocs with Cold War thinking and provoking geopolitical confrontation is not conducive to peace and stable development in the region. She was responding to a question on the European Union’s new Arctic strategy. Mao said China’s activities in the Arctic are aimed at promoting peace, stability and sustainable development and comply with international law.