Flash News

TREE NEWS update: Chongqing Xiaokang Holdings and its concert parties, the largest shareholder group of Seres, bought 4.1501 million Seres shares via centralized bidding between July 15 and September 24, 2026, the company said in a filing. The stake rose from 26.79% to 27.03%, crossing the 1% equity-change threshold. The move does not trigger a mandatory tender offer and will not materially affect Seres’ governance or going-concern operations.

TREE NEWS update: The Shenzhen Stock Exchange said it took self-regulatory measures against 106 cases of abnormal securities trading between September 21 and September 24, 2026, covering practices such as intraday price ramping and suppression and false order submissions. It also reviewed three major corporate matters and referred six leads on suspected violations to the China Securities Regulatory Commission.

TREE NEWS update: Hengtong Optic-Electric announced a plan to issue up to 740 million A-shares to no more than 35 specific investors, raising no more than RMB 6.636 billion. The proceeds will fund optical communication and energy interconnection projects, the company said in a filing.

TREE NEWS update: The Shanghai Stock Exchange and China Securities Index Co. will officially launch two new indices on Sept 29, 2026: the SSE Innovative Drug STAR Market Leading Index and the SSE STAR Market Software Services Index. The innovative drug index will select 40 high-R&D, high-growth listed drug companies from the STAR Market and SSE Main Board, with increased weighting for STAR Market constituents.

TREE NEWS update: Sanan Optoelectronics said its actual controller Lin Xiucheng has been criminally detained by public security authorities on suspicion of misappropriation of position and misappropriation of funds. Lin has held no position at the company since July 10, 2017, and the matter is unrelated to the company, which said it will not materially affect production and operations. Business and management are currently normal.

TREE NEWS update: Montage Technology said shareholder WLT Partners, L.P., which holds 45.0125 million shares or 3.69% of total share capital, plans to sell up to 2.33 million shares — no more than 0.19% of total share capital — via centralized bidding from Nov 2, 2026 to Feb 1, 2027. The filing cites the capital needs of its limited partners for exercising equity incentives.

TREE NEWS update: Biwin Storage (佰维存储) said it repurchased 1,044,700 shares, or 0.22% of total share capital, on September 24, 2026, at prices between RMB 211.01 and RMB 214.05 per share, paying RMB 222 million in its first buyback. The company’s previously approved program is worth RMB 200-250 million, with the price cap adjusted to RMB 467.82 per share, and the repurchased shares will be used to reduce registered capital.

TREE NEWS reports: US spot Bitcoin ETFs drew $347 million in net inflows on Wednesday, bringing five-day inflows to $2.65 billion. The haul came as Bitcoin fell below $84,000, having earlier topped $87,000.

TREE NEWS reports: Several major US technology stocks declined in premarket trading. Meta fell more than 2%, while SanDisk and Micron Technology each dropped over 2%. Nvidia slipped more than 1% ahead of the opening bell.

TREE NEWS reports: Amazon will invest $3 billion to expand its quick commerce business in India through 2030, marking its largest bet on the sector to date. The company plans to put $1 billion into quick commerce by the end of 2027 and a further $2 billion by 2030.

TREE NEWS update: Honor’s Magic9 series has yet to be officially launched, but its pricing was revealed early on September 24. A poster released by Honor shows the national subsidy price starts at 5,499 yuan. The product has not yet been formally announced.

TREE NEWS update: Honor CEO Li Jian pre-announced the price of the Honor Magic9 standard edition on his personal social media account: 5,999 yuan for the 16GB+512GB configuration, or 5,499 yuan after China’s national subsidy. The phone features a dual 200MP ARRI imaging system, an 8,000mAh Qinghai Lake battery, the fifth-generation Snapdragon 8 Extreme Edition, and the upgraded MagicOS 11, and will launch officially on Sept 28.

TREE NEWS update: Shandong Gold said it adjusted its 2026 production plan, lowering its mined gold output target to 36-38 tonnes from a previously planned no less than 49 tonnes. The company cited safety self-inspections following industry accidents in the first half and heavier domestic mine infrastructure construction in the second half. It produced 48.89 tonnes of mined gold in 2025, with 2026 output expected to fall 11-13 tonnes year on year, which it said will weigh on revenue, total profit and net profit attributable to shareholders.

TREE NEWS reports: China’s 53 bond ETFs reached a combined 1.001999 trillion yuan ($140 billion) in assets as of September 23, crossing the 1 trillion yuan mark for the first time. The market has expanded rapidly since the first domestic bond ETF, Guotai SSE 5-Year Treasury Bond ETF, launched in March 2013. Product offerings grew in 2025 with eight benchmark market-making corporate bond ETFs and two batches of 24 sci-tech innovation bond ETFs, pushing assets past 800 billion yuan at end-2025.

TREE NEWS update: Inovance Technology said its largest shareholder, Inovance Investment, plans to increase its stake in the company by 150 million to 200 million yuan within six months of the disclosure, using centralized bidding and block trades. The funds will combine a dedicated share-increase loan with its own capital, with ICBC’s Shenzhen branch committing to provide up to 400 million yuan in dedicated lending.

TREE NEWS reports: JPMorgan raised its price target on Meta to $920 from $820. The bank’s revised target implies further upside for the social media company’s shares. Meta has not commented on the change. No other details of the analyst note were disclosed.

TREE NEWS reports: US stock index futures extended losses on Tuesday, with Nasdaq futures falling as much as 1% intraday. The 30-year US Treasury yield climbed to its highest level since 2004, pressuring equities. The moves mark a continued selloff in risk assets as long-dated borrowing costs rise.

TREE NEWS update: Shanghai Putailai New Energy Technology’s planned issuance of H-shares has been filed with the China Securities Regulatory Commission, the company said. The filing marks a procedural step toward a Hong Kong listing for the Shanghai-listed battery materials maker. No size, pricing or timetable for the offering was disclosed.

TREE NEWS update: BYD said on an investor interactive platform that demand for its flash-charge models remains strong, while its second-generation Blade battery is still in the production ramp-up phase, lengthening delivery lead times to roughly two to three months. The company said it is continuing to build out capacity and dynamically optimizing production scheduling to speed up order delivery. It added that share prices are affected by multiple factors and that operating data should be based on its periodic reports.

TREE NEWS reports: Hong Kong stocks closed lower, with the Hang Seng Index down 0.29% and the Hang Seng Tech Index down 0.41%. Technology shares led the decline, as GigaDevice fell more than 5%, while Cambridge Technology and YOFC each dropped over 4%.