TREE NEWS update: Ningde Times (CATL) unit Ningbo Meishan Bonded Port Area Wending Investment has become a shareholder in Suzhou Lingdong Jiaxin Technology, a sensor solutions developer using piezoelectric materials and semiconductor technology. The sensors target smart robots, smart wearables, new energy and lithium battery applications. The filing did not disclose the stake size or investment amount.
TREE NEWS update: Chengdu Hi-tech Zone introduced measures to support its real estate market, offering 30,000 yuan in consumption vouchers for each new residential unit bought in participating developments. The program caps vouchers at 2,000 units on a first-come, first-served basis and applies to the zone’s South and West districts from the date of issuance through June 30, 2027. The measures also cover subsidies for new commercial office space and parking spaces, plus school enrollment support for homebuyers.
TREE NEWS update: Hebei province issued a 5-year special local government bond of 332 million yuan at a yield of 1.3400%, with a bid-to-cover marginal ratio of 1.81 times against an expected 1.34, and a 30-year special local government bond of 5 billion yuan at 2.1700%, with a marginal ratio of 12.26 times against an expected 2.16.
TREE NEWS update: China General Nuclear Power Group’s 50-megawatt solar thermal power station at its Ali ‘zero-carbon’ solar-storage-heat demonstration project in Tibet connected to the grid for the first time in the early hours of the day, the Shenzhen-based company said. The plant is part of CGN’s integrated clean-energy project on the Tibetan plateau.
TREE NEWS update: BMW China said a text message circulating about a vehicle recall was not issued by the company and warned customers to guard against fraud. The automaker described the message as unofficial in a statement, advising recipients to be alert to scams. No further details on the message’s content or scope were provided.
TREE NEWS update: China Eastern Airlines signed 23 procurement agreements worth a total of $540 million with 15 suppliers from eight countries and regions during the ninth China International Import Expo. The deals cover aircraft engines, aviation materials, jet fuel, in-flight meals and fresh salmon, with one-year booth transactions reaching $375 million, up 12.6% from the previous edition to a record high.
TREE NEWS reports: Japan’s Government Pension Investment Fund (GPIF) reported a quarterly loss of 5.25 trillion yen, the fund disclosed. The loss marks a setback for the world’s largest pension fund, which manages assets on behalf of Japan’s public pension system. No further details on the causes or asset allocation were provided.
TREE NEWS update: Tesla will phase out production of the Cybertruck at its Giga Texas plant around mid-next year, CEO Elon Musk said, freeing up space to expand Cybertruck output. The move affects the company’s flagship electric pickup line at its Austin facility. No further details on timing or production volumes were provided.
TREE NEWS reports: Japan’s Nikkei 225 closed down 5.96% at 57,434.77, while South Korea’s KOSPI closed down 6.02% at 5,059.65. The two benchmarks posted steep single-day declines in the same session.
TREE NEWS update: Beijing will eliminate all outsourced meal deliveries to its primary and secondary schools by September 1, 2027, the city’s education commission said at a campus catering work meeting. Contracted and delegated school canteens will be converted to a new self-operated model, and all school canteens will buy every product category through district-level centralized procurement platforms. The city also plans 1,000 smart canteens.
TREE NEWS update: US President Donald Trump said at the White House on the 5th that a “major deal” will be reached on the Russia-Ukraine issue, adding that a resolution is “very close.” Trump made the remarks to reporters without providing further details on the agreement or a timeline.
TREE NEWS update: China’s State Administration for Market Regulation has released a draft of the detailed implementation rules for sandbox regulation of inspection and testing body accreditation, opening it for public comment. The draft runs to five chapters and 24 articles; Chapter 1, Articles 1-3, sets out the purpose and legal basis, the scope of application and the responsibilities of parties involved in the sandbox. No comment deadline was given in the material.
TREE NEWS update: China Gold Group has established a mining joint venture in Xinjiang’s Bayingolin prefecture with registered capital of 120 million yuan ($16.6 million). The new entity, Zhongjin (Bayingolin) Mining Co., was incorporated with legal representative Miao Guang and holds a business scope covering mineral processing, ore sales and non-coal mine resource extraction. The venture is co-owned by China Gold Group Geological Co. and Bayingolin Tianshan Geological Mining Co.
TREE NEWS update: Hainan Mining said at its Q3 2026 earnings briefing that it will prioritize developing its existing lithium and fluorite operations, focusing on upstream resource varieties tied to new energy, AI and high-end manufacturing. The company will also selectively pursue other strategic mineral resources, including minor metals, targeting high-growth, high-elasticity upstream assets. It will favor producing, profitable projects with resource-grade and cost advantages.
TREE NEWS update: China’s National Development and Reform Commission said at a Nov. 6 press conference that during the 15th Five-Year Plan period the country will dynamically adjust and optimize the scale, structure and layout of its grain reserves. It will steadily expand high-standard grain warehouse capacity as needed and upgrade qualified older storage facilities.
TREE NEWS reports: China’s exports of auto goods to Belt and Road partner countries reached $135.77 billion in the first nine months of 2026, up 32.6% year on year and accounting for 58.3% of total auto goods exports, according to customs data compiled by the China Association of Automobile Manufacturers. Complete vehicle exports totaled 5.598 million units, up 45.2%, while new energy vehicle exports reached 2.042 million units, up 64.7%.
TREE NEWS update: The European Commission on Nov. 5 introduced an “Education and Skills Package” aimed at reversing the decline in students’ basic skills, helping schools make better use of artificial intelligence and digital technologies in teaching, and easing teacher shortages. The package sets out measures to address these challenges across the bloc.
TREE NEWS reports: ING is selling a roughly $500 million portfolio of data center loans through a competitive bidding process, accepting offers on more than a dozen loans. The portfolio includes a $25 million loan backing a large New Mexico data center in the OpenAI, SoftBank and Oracle-led Stargate project. Oracle has notified the developer of that project that it intends to delay payment obligations, citing force majeure.
TREE NEWS update: China aims to have more than 40 million charging infrastructure units by 2030, the National Development and Reform Commission said at a press conference on its 15th Five-Year Plan. Oil and gas currently account for about one-third of China’s end-use energy consumption, concentrated in transport and industry, leaving significant room for substitution. During the 15th Five-Year Plan period, the country will take multiple measures to advance the replacement of oil and gas consumption with electricity.
TREE NEWS reports: The Taiwan dollar reversed an early decline to trade higher against the US dollar in afternoon trading. The currency had fallen as much as 0.5% earlier in the session before recovering. No further details on the level or drivers of the move were provided.