Flash News

TREE NEWS update: CITIC Securities said Chairman Zhang Youjun resigned on reaching retirement age and General Manager Zou Yingguang stepped down due to a work reassignment. The board elected Zou as chairman and legal representative, and he will concurrently perform general manager duties while that post remains vacant.

TREE NEWS reports: Morgan Stanley strategist Marina Zavolock said rising bond yields are “far from worrying levels” for equities, and stocks can stay resilient even as US Treasuries sell off again. She noted that sentiment turned panicky when the 10-year Treasury yield hit 5%, but said that is not yet a recession-signaling level, pointing to narrowing European high-yield credit spreads as the gauge to watch.

TREE NEWS reports: Meta shares dropped 3.7% in US pre-market trading, paring part of a 13% gain posted over the previous week. The pre-market move puts the stock lower ahead of the opening bell after its recent run-up.

TREE NEWS update: Xinhua Media said the audit and valuation work for its planned share issuance to acquire 100% of Shanghai Jiemian Cailianshe Technology Co. has not been completed. The company’s shares rose more than 20% cumulatively over two consecutive trading days on September 24 and September 28, 2026, closing limit-up again on September 28. Its latest trailing price-to-earnings ratio is 190.25, far above the industry average of 17.88.

TREE NEWS update: GigaDevice announced it is raising its estimated 2026 daily related-party transaction quota with ChangXin Group by RMB 2.143 billion, bringing the 2026 total to RMB 7.854 billion, for the purchase of foundry-produced DRAM products, citing rising DRAM foundry prices. The company also estimates a RMB 4.411 billion quota with ChangXin Group for January to April 2027. The matter still requires shareholder approval, with affiliated shareholders abstaining.

TREE NEWS update: Jinchen Corp issued a stock-trading risk notice after media reports linked it to the glass-substrate packaging concept. The company said its semiconductor equipment R&D and manufacturing project in the Suxitong Sci-Tech Industrial Park in Nantong, Jiangsu, has a three-year build cycle, has not yet entered land auction or construction, and the equipment involved is still in R&D with no external sales. It said operations are normal and its main business has not changed materially.

TREE NEWS reports: Nvidia shares narrowed their premarket decline to 0.49% ahead of the US market open. The move trims an earlier premarket drop for the chipmaker, which has been a bellwether for AI-linked equities and crypto-related stocks. No further details were disclosed.

TREE NEWS update: COSCO Shipping Energy Transportation said it will inject RMB 1.7 billion of its own funds into wholly owned subsidiary Shanghai COSCO Shipping LNG Investment Co. to optimize the unit’s capital structure and build green, low-carbon, industry-chain-synergized specialized transport capacity. The board approved the cash capital increase at its 13th 2026 meeting on September 28, 2026. No shareholder vote is required and the deal does not constitute a major asset restructuring.

TREE NEWS update: Zhongmin Energy said its subsidiary Fujian Fuzhou Mintou Offshore Wind Converter Station Co. signed an EPC general contracting agreement for the Changle offshore centralized transmission project with a consortium, at a total contract price of RMB 4.165 billion. Construction is scheduled to begin on Dec. 31, 2026, with grid connection and commissioning planned for Dec. 31, 2028, over a 731-day construction period.

TREE NEWS reports: Li Auto has injected capital into Sunwoda Power, while Xiaomi’s Pengcheng series will use batteries from CALB and Sunwoda, as several Chinese automakers rework their battery supply chains. Analysts say the shift toward diversified sourcing could open new growth room for cell makers with strong products, capacity and cost control.

TREE NEWS update: BYD has successfully registered the trademark “Ao Guang” under international class 9 for scientific instruments. The filing covers goods and services including storage batteries, battery chargers, charging stations for electric vehicles, portable chargers, vehicle batteries, photovoltaic cells and solar cells.

TREE NEWS update: Haozhi Electromechanical said its production and operations are normal and order scheduling and deliveries are proceeding in an orderly manner, responding to investor questions about whether its order book is full and whether its longest orders extend into 2027 or 2028. The company did not disclose specific order visibility figures or confirm any cooperation with Tesla.

TREE NEWS reports: Bitcoin exchange-traded funds took in $2.4 billion over the week, the largest weekly inflow since October 2025, as Ether and XRP ETFs also drew fresh capital. Daily inflows slowed as Bitcoin pulled back from above $87,100 during the week.

TREE NEWS update: JD.com opened its first global 101HOME store on Sept. 28 in Shanghai’s Jing’an district, coinciding with the start of the 2026 World Design Capital conference in the city. The company said the space is driven by global design and combines retail, art curation and social lifestyle into a single experiential destination.

TREE NEWS update: Dacheng International listed the Dacheng Galaxy HKEX Malaysia Exchange Large Cap ETF, stock code 3143, on the Hong Kong Stock Exchange. The fund is the market’s first exchange-traded fund to track the HKEX Malaysia Exchange Large Cap Index.

TREE NEWS reports: Hong Kong stocks closed mixed, with the Hang Seng Index up 0.54% and the Hang Seng Tech Index down 0.37%. Optical communications names led the decline: YOFC fell more than 16% and Zhongji Innolight dropped over 12%. MINIMAX lost more than 9%.

TREE NEWS update: Xiangjie has opened pre-sales for its V8 MPV, starting at 329,800 yuan. The vehicle features an all-aluminum chassis, dual-chamber air suspension, dual-valve continuously variable dampers, standard ±12° rear-wheel steering and an 800V high-voltage platform. The pure-electric version comes with a 120kWh battery pack and up to 830km CLTC range, while the range-extender version offers a 75.4kWh pack and up to 1,465km combined CLTC range.

TREE NEWS reports: Memory chip stocks broadly declined in US premarket trading, with SK Hynix and SanDisk dropping more than 3%, while Micron Technology and Western Digital each fell over 2%. Optical communication names also moved lower, as Corning, Coherent and Marvell Technology slid more than 3% and Lumentum lost over 2%.

TREE NEWS update: Gotion High-Tech and Volkswagen plan to form three joint ventures in Spain, Slovakia and Morocco with total investment of about €3.22 billion, of which Gotion will contribute roughly €1.598 billion. The Spain JV will build 29.1 GWh of battery capacity with Gotion holding 49%; Slovakia will build 8.4 GWh with Gotion holding 51%; Morocco will produce 100,000 tons of LFP cathode material with Gotion holding 51%. The deal is a related-party transaction pending shareholder and regulatory approvals.

TREE NEWS update: Gotion High-Tech said its wholly owned subsidiary Gotion Spain plans to sign a Phase I dry room contract and a Phase II general contracting agreement with PowerCo Spain, a unit of Volkswagen Group, for a 29.1GWh lithium battery project. The total contract value is €1.094 billion. The transaction is a related-party deal and still requires shareholder approval.