Flash News

TREE NEWS update: Tianqi Lithium said it expects net profit attributable to shareholders of RMB 5.1 billion to RMB 6.0 billion for the first three quarters of 2026, a year-on-year increase of 2,734.97% to 3,235.26%. The company forecast non-recurring net profit of RMB 5.03 billion to RMB 5.93 billion, up 6,957.09% to 8,219.79%. It attributed the jump mainly to a marked rise in average selling prices of its lithium products and sharply higher investment income from associate SQM.

TREE NEWS update: Chinese Premier Li Qiang attended the 25th meeting of the Shanghai Cooperation Organization (SCO) Council of Heads of Government (Prime Ministers) in Dushanbe. Leaders and representatives of SCO member states, guests from the host country and officials of relevant international organizations took part, with Tajik Prime Minister Rasulzoda chairing the session.

TREE NEWS update: XPeng AeroHT’s first “Land Aircraft Carrier” X3-F flying vehicle rolled off its mass-production line on Oct. 20, destined for the UAE’s advanced low-altitude flight regulatory demonstration zone. Sheikh Saud, member of the UAE Federal Supreme Council and Ruler of Ras Al Khaimah, led a delegation to the production line and accepted the test aircraft on site.

TREE NEWS update: China Data Group Co., Ltd. was established in Xiongan on Thursday, a member of the National Data Expert Advisory Committee. The state-level group will develop, integrate and operate national data resources, promote cross-industry and cross-region data sharing, and help break down “data silos” to accelerate building a unified national data market. Zhang said the move is a global first that will strengthen China’s position in global data resource competition.

TREE NEWS update: China established the National Data Group on Wednesday, a new centrally-administered state-owned enterprise tasked with developing and utilizing data resources. The group’s core mission is to turn raw and dormant data into usable data products and services, likened to extracting and processing oil, to make daily life more convenient and enterprise production more efficient. It will pursue this through what officials described as addition and multiplication approaches.

TREE NEWS update: Pakistan’s Chief of Army Staff Asim Munir arrived in Tehran on the 20th, leading a delegation, Iran’s state broadcaster reported. No further details on the purpose or length of the visit were given. The trip comes as regional tensions remain elevated.

TREE NEWS update: China held the founding conference of National Data Group Co., Ltd. on the 20th in Xiong’an New Area, Hebei. Politburo Standing Committee member and Vice Premier Ding Xuexiang attended and unveiled the company. The new state-owned entity is established to operate in the data sector.

TREE NEWS update: General Electric raised its full-year adjusted earnings per share guidance to $8.00-$8.10 from a prior $7.65-$7.85, above the $7.92 market estimate. The company also lifted its adjusted free cash flow outlook to $9.1B-$9.4B and adjusted operating profit to $10.9B-$11.0B. Third-quarter adjusted EPS came in at $2.25 versus $1.66 a year earlier, beating the $2.01 estimate, on adjusted revenue of $13.29B, up 18% year over year.

TREE NEWS update: China’s Ministry of Housing and Urban-Rural Development has issued a 15th Five-Year Plan for the protection and living transmission of historic cities, towns, villages and historic buildings. The plan sets out a series of main targets and calls for advancing surveys and official designation of historic and cultural resources, strengthening integrated protection and promoting living transmission.

TREE NEWS update: US Secretary of State Marco Rubio said the United States will discuss the matter of India refining Venezuelan crude oil, without giving further details on timing or participants. The remark, as quoted, signals Washington is raising the issue of Indian refiners processing Venezuelan oil. No specific policy measure, deadline or named counterpart was disclosed in the statement.

TREE NEWS update: The UK will send aircraft on missions to defend Saudi Arabia against Houthi attacks. The deployment was announced as a direct response to the threat, with British aircraft tasked with protecting Saudi territory from Houthi strikes. No further details on the number of aircraft or timeline were provided.

TREE NEWS update: US Secretary of State Marco Rubio said he spoke with Ukrainian President Volodymyr Zelensky today. Rubio stated there has been no change in Pentagon policy on Ukraine and no change in intelligence sharing with Ukraine. No further details were provided.

TREE NEWS update: International Energy Agency Executive Director Fatih Birol said Tuesday that the timing of the release of 20 million barrels of diesel from member states’ emergency reserves will depend on each country’s circumstances and oil market conditions. The IEA decided last week to put more than 20 million barrels of diesel on the market as soon as possible and to accelerate the release of the remaining oil from the record emergency stockpile pledged in March, aiming to boost supply and cool surging energy prices.

TREE NEWS update: The China Securities Regulatory Commission will study adding a revision of the Securities Law to the legislative agenda of the next National People’s Congress, CSRC chief lawyer Cheng Hehong said on October 20 at the 2026 Financial Street Forum. The law was last amended in 2019, and capital markets have since undergone profound changes, he said. The CSRC has also submitted a legislative proposal to revise the Securities Investment Fund Law.

TREE NEWS update: Hungary’s prime minister has expressed support for the country joining the eurozone as soon as possible. The position, reported on the latest political developments in Budapest, marks a stance in favor of faster euro adoption. No timeline or formal policy steps were specified.

TREE NEWS update: Hong Kong issued a yellow outbound travel alert for France, the lowest tier of its three-level warning system, citing the situation in the country. The alert advises travelers to exercise caution and monitor local developments while in France. No further details were provided.

TREE NEWS reports: Goldman Sachs upgraded China Merchants Shekou Industrial Zone Holdings to Buy with a 12-month target price of 9.80 yuan per share. The rating change, issued by the US investment bank, applies to the Shenzhen-listed property developer. The note did not disclose further terms or rationale in the material provided.

TREE NEWS update: European Central Bank Governing Council member Olli Rehn said the spread between French and German government bond yields has widened, flagging a divergence in euro-area sovereign borrowing costs. Rehn did not specify the size of the move or the timeframe in the remarks. The French-German spread is closely watched as a gauge of political and fiscal risk in the euro bloc’s two largest economies.

TREE NEWS update: The Saudi-led multinational coalition intercepted and destroyed a ballistic missile fired by Yemen’s Houthi movement toward Riyadh on Thursday, coalition spokesman Turki al-Maliki said on social media. The announcement gave no further details on damage or casualties.

TREE NEWS update: CATL unveiled its Tianxing II “electric-electric range extender” version on Oct. 20, a heavy-truck battery-swap system that splits the underbody swap architecture into two independently operating, complementary battery systems. The product enters mass production immediately upon launch, with an initial signed order of 13,000 units, the company said.