TREE NEWS update: China’s State-owned Assets Supervision and Administration Commission (SASAC) said it supports state-owned enterprises in tackling key core technologies and industry-wide generic technologies in a practical, resource-appropriate manner. The pledge came at a November 3 symposium in Beijing on deepening local SOE reform, where SASAC urged firms to focus on their main businesses, align with regional 15th Five-Year Plans, and curb unrelated diversification, multi-layer structures and excessive leverage.
TREE NEWS update: ZetaChain has opened a governance vote on shutting down its Layer 1 network around Dec. 9. Staked and unbonding ZETA tokens would count toward claims in the wind-down, while exchanges would set their own conversion windows for holders. The proposal puts the timing of the chain’s closure and the treatment of locked tokens to a token-holder vote.
TREE NEWS update: China’s Ministry of Commerce will continue imposing anti-dumping duties on n-propanol imported from the United States starting Nov. 6, 2026, extending the measures for a further five years. The ministry announced the decision without detailing duty rates or affected exporters. The duties apply to US-origin n-propanol, an industrial solvent and chemical intermediate.
TREE NEWS update: Norway’s central bank said it is prepared to raise its policy rate if necessary, signaling a readiness to tighten monetary policy further. The statement, issued without a specified date in the material, leaves the timing and size of any move open. It marks a hawkish stance from the Norges Bank amid ongoing rate deliberations.
TREE NEWS update: France’s rejection of the 2026 budget has sidelined three adopted amendments, including a stablecoin tax and a self-custody wallet reporting requirement. The measures fell away with the budget but could be reintroduced when the text reaches the Senate. No new timeline was given for the provisions.
TREE NEWS update: Chinese Premier Li Qiang signed a State Council decree to publish the State Council’s decision to amend and repeal certain administrative regulations, effective from the date of publication. The decree was issued in the name of the State Council and takes effect immediately. The decision covers amendments to and repeals of a set of administrative rules.
TREE NEWS update: On-chain trading terminal Genius launched a fee-funded token buyback mechanism on Genius.fun, beginning with the GSTOCK token. For GSTOCK trading pairs, 20% of fees generated by the Genius treasury will be used for buybacks. Other tokens with a market capitalization above $2 million can also apply to adopt the same buyback model.
TREE NEWS reports: Qualcomm shares fell more than 9% in premarket trading after the chipmaker’s fiscal Q4 results beat estimates but its profit guidance disappointed, with pressure in its handset business. Arm dropped nearly 4% despite beating fiscal Q2 estimates, as its guidance failed to impress. Memory stocks also declined, with SK Hynix down over 3% and Micron Technology down more than 2%.
TREE NEWS update: China’s 2027 public holiday schedule, released on the afternoon of the 5th, brings back a nine-day Spring Festival break from February 5 to 13, matching 2026 as the longest on record. Two weekend makeup workdays are added around the holiday to prevent seven straight working days afterwards. 2027 will have the fewest makeup workdays in recent years, with New Year’s Day and Qingming naturally joining weekends.
TREE NEWS reports: Italy’s retail sales rose 0.1% in September compared with the previous month, matching expectations of a 0.1% increase, after a 0.3% gain in August. The reading points to a slowdown in the pace of consumer spending growth in the eurozone’s third-largest economy.
TREE NEWS update: Democrats have taken both chambers of Congress in the midterm elections, with the new Congress seated January 3, 2027, while Republicans retain the White House and Trump’s tariff authority under Sections 232 and 301 remains intact. The S&P 500 rose 1.65% on election day while the Philadelphia Semiconductor Index fell 3.14% and WTI crude dropped 8.4%. Key upcoming dates include the November 10 expiration of 301 tariff exemptions, Nvidia earnings on November 17, the Fed meeting December 8-9, and the December 11 government funding deadline.
TREE NEWS update: Yemen’s Houthi-run health ministry said Saudi-led coalition airstrikes over the past 12 hours killed 12 people and wounded 15, in a statement on the afternoon of the 5th local time. The ministry said the total toll since the latest military escalation has reached 266 dead and 641 injured. Saudi Arabia has not commented.
TREE NEWS reports: American Bitcoin reported third-quarter net income of $126 million, swinging from a $57.2 million net loss in the previous quarter, driven by gains on digital assets. The company, backed by Eric Trump, did not disclose further financial details in the reported results.
TREE NEWS update: Zhang Xue, founder of motorcycle brand Zhangxue Motorcycle, transferred 300,000 yuan to his chief engine engineer Huang Jiang for a home down payment, stating the property must be registered only in Huang’s name. Huang said in a video response that he did not ask for the money out of need, but that Zhang places little value on money and prefers to share the fruits of the team’s work with outstanding partners. Huang also asked netizens not to fabricate content or disturb his family.
TREE NEWS reports: The global new display industry’s total output exceeded $200 billion in 2025, according to a report released by the China Center for Information Industry Development at the 2026 World Display Industry Innovation and Development Conference. The report said the sector has entered a new development cycle, with artificial intelligence penetration driving transformation and advanced technologies such as Micro-LED, silicon-based OLED, e-paper and laser display accelerating. China, the world’s largest R&D and manufacturing base for new displays, holds more than 50% of the global market.
TREE NEWS update: An oil tanker was struck by two unidentified flying objects in waters about 50 nautical miles (93 km) north of Qatar’s Al Shamal city, the UK Maritime Trade Operations office said on November 5. The attack occurred at 23:20 UTC on November 4.
TREE NEWS update: Li Ning Co. declared a special dividend of RMB 2.32 per share, with an ex-dividend date of Nov. 18, 2026, a record date of Nov. 23, 2026, and a payment date of Dec. 1, 2026, the company announced. The declaration sets the timeline for shareholders to qualify for the payout.
TREE NEWS update: After a landslide midterm election victory, the Democratic leaders of the US Senate and House of Representatives said on November 4 that they will push to end the war with Iran. Both leaders made separate statements declaring the conflict must be brought to a close.
TREE NEWS update: Hua Hong Semiconductor expects fourth-quarter revenue of about $1.08 billion to $1.09 billion and a gross margin of roughly 25% to 26%, the Chinese chipmaker said in its quarterly guidance. The outlook covers the company’s wafer foundry business for the final quarter of the year.
TREE NEWS update: People’s Bank of China Governor Pan Gongsheng met Morgan Stanley Chairman Ted Pick on November 4, the central bank said. The two exchanged views on current economic and financial conditions in China and globally, as well as the opening-up of China’s financial sector. No further details of the meeting were disclosed.