TREE NEWS update: The China Securities Regulatory Commission has approved the registration of Baolun Shares for an initial public offering on the Shanghai Stock Exchange’s main board. The approval clears a key regulatory step for the company’s listing, though the filing did not disclose the size of the offering, a timetable, or the company’s business. The decision was announced without further detail.
TREE NEWS update: Chongqing’s housing and construction authorities, together with other departments, issued implementation opinions on commodity housing sales that strengthen pre-sale management, roll out completed-home sales in an orderly manner and introduce a deposit system for completed-home sales. The measures also cover financing support, supporting facilities, streamlined project approval and tighter market supervision across six areas. The policy was published by the municipal housing and construction commission and partner departments.
TREE NEWS update: China’s Cyberspace Administration, working with the National Financial Regulatory Administration, has moved against a batch of online accounts that published or spread information tied to financial “black-gray” activities, including malicious debt evasion, improper anti-collection tactics, claims agency and credit repair, state broadcaster CCTV reported. The two agencies said they have been tightening management of financial information online and released several typical cases. No account names or penalties were disclosed.
TREE NEWS update: Xiaomi Auto announced a structural adjustment establishing an International Business Division, appointing Automotive Division Vice President Yu Liguo as concurrent General Manager. Yu will report on a dual-line basis to Group CEO and Auto Division President Lei Jun and Group President Lu Weibing.
TREE NEWS update: China’s State Administration for Market Regulation issued a compliance notice regulating online promotional activities for the ‘Double 11’ shopping festival. The notice requires platforms to strictly verify and register merchant qualifications, promptly remove merchants whose licenses have been revoked or cancelled, and guard against ‘ghost stores’ and ‘ghost livestreams.’ Platforms must also self-check for practices such as price undercutting and raising prices before discounting, and publicly display promotion rules for consumer oversight.
TREE NEWS reports: Major US technology stocks rebounded in premarket trading, with Nvidia rising nearly 3% and Micron Technology gaining more than 5%. Intel climbed more than 3% and Marvell Technology advanced more than 6% before the opening bell.
TREE NEWS update: Zcash’s NU7 upgrade went live, rendering 12,224 ZEC in the legacy Sprout pool unspendable, worth about $15 million. A future network upgrade could potentially restore access to the stranded funds.
TREE NEWS update: Galaxy Securities completed its first repo financing and initial investment purchases under China’s Securities, Funds and Insurance companies Swap Facility (SFISF) as of Nov. 6, the brokerage said. The firm said it will continue to use the swap facility policy tool, deploy the funds fully and maintain long-term equity market asset allocation, aiming to support the healthy and stable development of the capital market.
TREE NEWS update: Ukraine’s Energy Ministry said on November 6 that Russian forces continued to strike Ukrainian energy infrastructure using repeat attacks, severely damaging power facilities in multiple locations. Overnight and morning air raids caused blackouts in Vinnytsia, Dnipropetrovsk, Zhytomyr and other regions, with supply conditions most tense in Kyiv city and Kyiv region, where the grid imposed operating restrictions.
TREE NEWS update: China’s State Administration of Foreign Exchange has opened a public consultation on its draft 2027 verification rules for statistics on foreign financial assets, liabilities and transactions. The draft sets out how the regulator will check the accuracy of cross-border financial data reported by entities. The consultation period allows market participants to submit comments on the proposed rules.
TREE NEWS update: Hyperliquid Strategies said its subsidiary has applied to register as a futures commission merchant (FCM) to bring Hyperliquid-based perpetual futures markets to the United States. The application and proposed markets require regulatory approval. Under Hyperliquid’s HIP-3 framework, operators can deploy custom perpetual markets on the protocol’s on-chain infrastructure, and the proposed feature would support permissioned markets limited to approved addresses. The subsidiary would handle US client accounts for permissioned markets.
TREE NEWS reports: Banking institutions in Shanghai held RMB 30.93 trillion in total local and foreign currency assets as of the end of September 2026, up 8.18% year on year, the Shanghai Financial Regulatory Bureau said. Commercial banks accounted for RMB 27.24 trillion, up 8.03%, with joint-stock commercial banks posting the fastest growth at 12.36% to RMB 7.44 trillion, while large commercial banks rose 6.87% to RMB 11.73 trillion.
TREE NEWS update: Wanchen Group plans to acquire the remaining 49% stake in its controlled subsidiary Nanjing Wanchang for cash, buying 39% from Nanchang Maoyi and 10% from Nanchang Shengjing; the transaction price has not yet been determined. Nanjing Wanchang, which operates discount snack retail stores across 12 provincial-level regions as of Sept. 30, 2026, is currently 51% owned by the company. The deal would raise its holding to 100% without changing the scope of consolidation.
TREE NEWS update: Shanghai’s Zhenghong Financial Consumer Rights Protection Center was officially unveiled at a ceremony in Huishang Tower, Pudong New Area. Officials from the Financial Consumer Rights Complaint and Mediation Center of the National Financial Regulatory Administration, the Shanghai Financial Regulatory Bureau, the Shanghai Municipal Financial Office, the Shanghai Civil Affairs Bureau, the Shanghai Justice Bureau, the Shanghai Market Regulation Bureau, the PBOC Shanghai Branch, the Shanghai Securities Regulatory Bureau and the Pudong New Area Financial Office attended the event.
TREE NEWS reports: FOMO and Pump.fun both recorded sharp increases in perpetual futures daily active traders on Thursday, as meme coin platforms accelerate their shift into perps. FOMO’s perp DEX drew nearly 4,000 daily active traders and $334 million in single-day volume, while Pump.fun’s perp product hit a record nearly 1,200 daily active traders with $25.3 million in volume, on-chain analyst nooman said.
TREE NEWS update: Tianjin will start official heating at midnight on November 15, with the city’s heating systems entering trial operation from November 7, the Tianjin Municipal Urban Management Commission said. The schedule follows the Tianjin Heating Supply and Use Regulations and consultations with meteorological authorities.
TREE NEWS update: China launched the ‘Buy in China 2026 Premium Consumption Month’ at a ceremony in Shanghai on November 6. Vice Minister of Commerce Yan Dong attended and delivered remarks. Shanghai Vice Mayor Wang Huajie, Beijing Vice Mayor Tang Wenhong, Chongqing Vice Mayor Huang Maojun and Guangzhou Executive Vice Mayor Bian Liming presented their cities’ key activities and measures.
TREE NEWS update: Democrats won control of both the House and Senate in the November 3 US midterm elections, flipping key states including Texas, Iowa, Kansas and Ohio. The shift raises legislative and regulatory uncertainty for banks, drugmakers and crypto-linked stocks such as Coinbase, Robinhood, Circle and Strategy, while clean energy, power equipment and cybersecurity names may see modest policy tailwinds. Trump has signaled he will use veto power where needed.
TREE NEWS update: New Hope announced it sold 1.2869 million commercial pigs in October 2026, up 12.92% month-on-month but down 4.87% year-on-year, generating 1.481 billion yuan in revenue, up 7.16% month-on-month and down 18.02% year-on-year. The average selling price was 9.54 yuan per kilogram, down 7.74% month-on-month and 15.43% year-on-year. Cumulative sales for January-October reached 11.9647 million commercial pigs with revenue of 14.456 billion yuan.
TREE NEWS update: Hyperliquid Strategies has filed to register as a futures commission merchant to bring Hyperliquid-based perpetual futures to the United States. The HYPE treasury company spent $785 million on tokens during the quarter. The registration would allow it to offer US access to perps tied to the Hyperliquid platform.