TREE NEWS update: China’s financial regulator and six other government departments issued guidance on accelerating high-quality development of shipping insurance, urging trade and logistics firms to strengthen risk awareness and improve their ability to arrange cargo transport insurance independently. The guidance encourages full and adequate coverage for bulk commodities including energy, minerals and grain across the entire transport chain, and calls on firms in electronics, precision instruments, high-end equipment and the “new three” export categories to use insurance to diversify risk.
TREE NEWS update: Dianxiaomi Group’s customer-service product Duoke AI launched a new version that deducts credits based on the outcome of buyer conversations, charging only when the AI independently resolves a buyer’s issue. The credits required per independently resolved session have also been lowered. Sessions where the AI only sends a greeting or a human agent steps in incur no AI credit charge.
TREE NEWS reports: France’s trade deficit widened to €7.314 billion in September from €6.122 billion in the previous month, the country’s customs data showed. The shortfall grew by roughly €1.19 billion month on month, a deterioration in the goods trade balance.
TREE NEWS reports: The Nasdaq Composite dropped 5.52% to 24,315 on Nov. 5, with the S&P 500 down 4.36% and the Dow down 3.44%, while the Philadelphia Semiconductor Index fell more than 12%. Memory names were hit hardest: SanDisk (SNDK) fell 22.26%, Micron (MU) 17.46%, Western Digital (WDC) 17.35%, AMD 17.26% and Nvidia 9.26%, as investors questioned the durability of AI capex and storage pricing cycles.
TREE NEWS update: China will preliminarily complete a clean, low-carbon, safe and efficient new energy system and achieve peak carbon emissions as scheduled within the next five years, National Energy Administration Vice Administrator Song Hongkun said on Nov. 5 at the ninth Hongqiao International Economic Forum in Shanghai. The period will also be critical for hydrogen to scale from pilot projects to market-based development, with hydrogen set to support new energy expansion and the upgrading of traditional industries.
TREE NEWS update: CICC bought stocks on Nov. 6 under China’s third batch of the Securities, Funds and Insurance companies Swap Facility, the central bank’s tool for injecting liquidity into the equity market. A CICC official said the firm will keep using funds obtained through the facility to further increase its equity holdings and support the healthy and stable development of the capital market.
TREE NEWS update: Zcash’s NU7 network upgrade went live on mainnet, cutting block time by threefold. The upgrade also activates the Network Sustainability Mechanism, which removes 60% of each block’s transaction fees from circulation. The change marks a major protocol update for the privacy-focused blockchain.
TREE NEWS update: China’s cyberspace authorities have removed more than 47,000 pieces of illegal or non-compliant content and handled 3,961 accounts in a crackdown on AI-generated impersonations of well-known public figures, the Cyberspace Administration of China said on November 6. The campaign targets fake endorsements and product sales, follower farming and misleading of internet users carried out with AI-cloned likenesses, with platforms ordered to step up enforcement.
TREE NEWS reports: Hong Kong-listed technology and internet stocks weakened in afternoon trading, with Alibaba falling nearly 5% and Xiaomi and Tencent dropping more than 3%. Kuaishou and JD.com also declined, tracking the broader pullback in the sector. No specific catalyst was cited for the move.
TREE NEWS update: Caocao Mobility announced at the 2026 Mobile Network Conference on Nov. 5 that its AI ride-hailing service has been integrated into China Mobile’s 12580 personal intelligent assistant, as the first pilot of their partnership. Caocao Mobility is China Mobile’s first ride-hailing ecosystem partner.
TREE NEWS update: Chinese Foreign Ministry spokesperson Guo Jiakun on Thursday congratulated Grenada’s Prime Minister Dickon Mitchell on his re-election, after the Caribbean nation’s election results were announced on November 5. Guo described Grenada as an important partner for China in the Caribbean and said Beijing is ready to work with the new government to deepen mutually beneficial cooperation and bring more benefits to both peoples.
TREE NEWS update: A 4,000-meter-class floating wind power system completed its first test flight in an urban setting in Yueyang, Hunan, on Nov. 6. The system uses a helium-filled floating platform to lift lightweight power generation modules to several thousand meters, where it harnesses steady high-altitude winds to generate electricity, which is then transmitted to the ground via a tethered cable. It is the first time a floating wind system of this class has been deployed in a city.
TREE NEWS update: Foreign Ministry spokesperson Guo Jiakun said the back-to-back 9th China International Import Expo in Shanghai and the 140th Canton Fair, which closed in Guangzhou on Wednesday, are key windows for China to connect with the world. Speaking at a regular press briefing, Guo said Beijing will work with all parties to further improve the CIIE and give full play to its four roles of international procurement, investment promotion, cultural exchange and open cooperation.
TREE NEWS update: China’s Foreign Ministry said it firmly opposes a new round of US sanctions on Cuba that target two Chinese companies accused of supplying electronic and security equipment to the Cuban military. Spokesman Guo Jiakun told a regular briefing that China-Cuba cooperation is open and legitimate, rejecting what he called illegal unilateral sanctions and long-arm jurisdiction lacking UN Security Council authorization. Beijing said it will take all necessary measures to protect the rights of its companies.
TREE NEWS update: Chinese Foreign Ministry spokesperson Guo Jiakun said on Thursday that maintaining stable development of China-US economic and trade relations serves the interests of both countries and the world, and called on both sides to meet each other halfway and pursue mutual benefit. Guo made the remarks at a regular press briefing in response to a question.
TREE NEWS reports: SGOV, which holds Treasury bills maturing in zero to three months, has an effective duration of about 0.09 years, so a 1-percentage-point rise in market yields implies a price impact of roughly 0.09%, the fund’s structure shows. Its 30-day SEC yield stood at 3.79% and its trailing 12-month distribution rate at 3.64% as of Oct. 29, 2026. The fund returned 1.58% in 2022, when the Fed raised rates above 4%, versus -31.41% for long-duration TLT.
TREE NEWS update: Chinese Foreign Ministry spokesperson Guo Jiakun said current China-Japan relations face serious difficulties and the responsibility rests entirely with Japan, citing a Japanese leader’s remarks on Taiwan about a year ago that signaled a possible use of force. Guo said Japan has spent the past year avoiding the issue without offering sincere reflection or corrective action, and urged Tokyo to correct its Taiwan-related statements and adopt a correct attitude on history.
TREE NEWS update: China’s national supercomputing internet platform will grant new users 100 million tokens of scientific-computing AI agent quota starting November 9. Through November 30, users who download the latest client get unlimited flagship-model tokens and uncapped AI calls. New registrants can also buy a 50-million-token package for 0.1 yuan, the platform said, aiming to lower the cost of first-time AI for Science deployment.
TREE NEWS update: STO Express has formed a strategic partnership with Qianwen Office to build an AI office system around core courier scenarios. The two will use Agent capabilities to support the rollout of STO Express’s national network growth strategy, extending AI from headquarters management to end-point outlets at scale and accelerating the intelligent upgrade of logistics services.
TREE NEWS reports: Ether dropped 8.5% to $2,220, underperforming bitcoin, as US ether ETFs recorded $99.9 million in net withdrawals on Nov. 5. The outflow reverses the previous day’s $53 million net inflow into the same funds.