Flash News

TREE NEWS update: Beike said its Health Home Guardian Fund had paid out a cumulative 13.54 million yuan to 304 property service providers as of Oct. 31. The figure covers one of two protection programs the company runs for real estate service workers. Beike disclosed the progress without giving further financial details.

TREE NEWS update: South Korea will postpone its virtual asset income tax by two years to 2029, Deputy Prime Minister and Finance Minister Lee Hyung-il said. Lee said that after 2029, if the government can obtain virtual asset transaction information from the United States, it will have sufficient information to tax investors using US exchanges. The government will also form a public-private task force on digital asset taxation and accelerate digital asset legislation.

TREE NEWS update: SigmaStar Technology has received filing approval from the China Securities Regulatory Commission to issue overseas-listed shares, or H-shares, the company disclosed. The CSRC filing marks a required regulatory step for the chipmaker’s planned Hong Kong listing. No timetable, offering size or pricing details were given in the disclosure.

TREE NEWS reports: The UK’s FTSE 100 extended gains to 1%, surpassing its February closing record high. The index’s move marks a fresh closing peak for the London benchmark, with the advance widening during the session.

TREE NEWS update: Iran’s Islamic Revolutionary Guard Corps said on March 5 that two oil tankers and a tugboat caught fire in the Strait of Hormuz the previous night. The IRGC said a large tanker trying to use an “illegal” southern channel struck a mine and caught fire, another tanker suffered a major fire while leaving the eastern strait, and a tugboat assisting it also caught fire.

TREE NEWS reports: The pan-European Stoxx 600 index closed at a record high, breaking past its previous closing peak set in August. The benchmark’s move above that level marks a new all-time closing high for the index.

TREE NEWS reports: European equities opened higher on the session, with the UK’s FTSE 100 up 0.95% and France’s CAC 40 up 1.01%. Germany’s DAX edged up 0.05%, while the Euro Stoxx 50 gained 0.32%.

TREE NEWS update: The 2026 World Internet Conference Wuzhen Summit concluded on Nov. 5 after completing its agenda, drawing more than 1,800 guests from over 130 countries and regions. The summit focused on open-source AI development, governance, cultural exchange and international cooperation. The Internet Light Expo featured 671 companies and institutions from 54 countries, showcasing more than 1,000 new products and technologies, with single-day attendance exceeding 20,000. The digital economy cooperation conference collected 116 signed projects, with contract value exceeding 100 billion yuan for a fourth consecutive year.

TREE NEWS reports: Switzerland’s unadjusted unemployment rate for October came in at 3%, matching the expected 3% and unchanged from the prior 3% reading. The figure, reported on a non-seasonally-adjusted basis, leaves the Swiss labor market steady at the start of the fourth quarter. No further breakdown was provided in the release.

TREE NEWS update: Changxin Bochuang repurchased 425,000 shares on Nov. 4, 2026, its first buyback, representing 0.14% of total share capital. The shares traded at 116.46 to 118.30 yuan apiece, for a total consideration of 49.98 million yuan excluding transaction fees.

TREE NEWS reports: South Korea’s KOSPI fell 5.50% to 5,371.41 and KOSDAQ dropped 5.11% to 678.4 on November 5, with both indexes triggering sell-side circuit breakers the same day. Samsung Electronics and SK Hynix slid 7.8% and 9.81% after Democratic midterm wins raised fears of tighter AI data center approvals, including a promised moratorium in Texas.

TREE NEWS update: China’s Commerce Ministry said it will work with the United Nations Development Programme to turn the UNDP global sustainable development center in Shanghai into an “incubator” for translating policy research into practice. Ministry spokesperson Huang Ling announced the plan at a regular press briefing following the signing of an agreement on the center. The hub will share China’s experience in green development, digital economy and trade with Global South countries.

TREE NEWS update: China and Switzerland signed a protocol to upgrade their free trade agreement in Beijing on Oct. 30, witnessed by the two heads of state, after nearly two years and five rounds of negotiations, Commerce Ministry spokesperson Huang Ling said at a Nov. 5 press briefing. Huang called the signing a concrete step in implementing an important consensus between the two countries’ leaders. Both sides will now complete their respective domestic procedures to bring the protocol into force.

TREE NEWS update: Sharetronic Data said it signed joint financing lease contracts with Wuju No. 16 and Xinzhi Zhisuan No. 2, using direct leasing to carry out financing lease business with a financing limit of RMB 5.72 billion and a term of 66 months. The company is pledging its accounts receivable as security for the debt.

TREE NEWS update: China and Oman will work together to advance high-quality bilateral trade and economic cooperation, the Chinese Commerce Ministry said on November 5. Ministry spokesperson Huang Ling said China is Oman’s largest trading partner and top destination for crude oil exports, while Oman is China’s fourth-largest trading partner among Arab countries. The two sides are expanding cooperation in oil, power and ports while exploring new energy and information and communications.

TREE NEWS update: Zhao Leji, China’s top legislator, met with National People’s Congress deputies attending the 25th session of the 14th NPC Standing Committee on the morning of the 5th. He called on deputies to take the lead in studying and implementing the spirit of the Communist Party’s Fifth Plenum, fulfill their duties in their posts, and strengthen their ideological, political, and disciplinary conduct to improve their ability to perform duties in accordance with the law.

TREE NEWS update: Soter Insure completed the second closing of its Series B funding round, with SC Ventures and SBI Group joining as investors. The company did not disclose the amount raised in the tranche or the valuation. The date of the closing was not specified.

TREE NEWS update: Sichuan issued special local government bonds across six maturities, including 26.35344 billion yuan of 30-year debt at a 2.1800% coupon and 11.32332 billion yuan of 20-year debt at 2.1000%. The 30-year tranche drew a bid-to-cover marginal multiple of 26.10 times against an expected 2.15, while the 5-year 6.983 billion yuan tranche priced at 1.3400% with a 2.41 times marginal multiple.