Flash News

TREE NEWS reports: Crypto markets rebounded on the 39th anniversary of the original “Black Monday” crash, with the material framing the recovery against the question of whether history will repeat itself. The note marks the date of the 1987 market crash and ties it to current crypto price action. No specific price levels, figures or named assets were provided in the source material.

TREE NEWS update: China’s State Taxation Administration published a notice on its website urging taxpayers to review their offshore trust arrangements and file tax returns during the transition period to avoid late fees and other risks. Under a joint announcement by the Ministry of Finance and the STA issued on July 24, offshore trust taxpayers must declare and pay individual income tax on offshore trust income.

TREE NEWS update: Iranian Foreign Minister met his Russian counterpart Sergei Lavrov in Tehran to discuss bilateral relations and regional issues, Iran’s Foreign Ministry said. The talks come as the two countries, both under Western sanctions, continue to deepen political and economic coordination. No further details of the agenda or outcomes were disclosed.

TREE NEWS reports: The Baltic Dry Index rose 1.39% to 2,546 points, a key gauge of global bulk shipping freight rates. The index tracks the cost of moving dry bulk commodities such as iron ore, coal and grain across major sea routes. The gain reflects higher freight rates across the dry bulk vessel segments covered by the benchmark.

TREE NEWS update: Russian Foreign Minister Sergey Lavrov arrived in Tehran on October 19 for a visit to Iran. During the trip, he is scheduled to meet with Iranian officials to discuss regional developments and bilateral relations.

TREE NEWS update: Chinese Vice Premier He Lifeng and Russian Deputy Prime Minister Dmitry Chernyshenko co-chaired the 30th session of the China-Russia Premier Regular Meeting Committee via video link on October 19. He Lifeng serves as the Chinese chairman of the committee, while Chernyshenko is the Russian chairman.

TREE NEWS reports: Nearly three-quarters of Gen Z investors, those under 30, said they have adjusted or considered adjusting their portfolios ahead of the November US midterm elections. That rate is more than four times the 17% of baby boomers who said the same. Across all age groups, 40% of investors said they have already made changes.

TREE NEWS update: Anhui Luxeed New Energy Vehicle Co. has been placed on China’s Ministry of Industry and Information Technology list of proposed new vehicle manufacturers, with production at No. 8 Wanjiang Avenue in Wuhu, Anhui. The public comment period runs from Oct. 16 to Oct. 23; absent objections, Luxeed would obtain independent production qualification, potentially becoming the first brand under HarmonyOS Smart Mobility to secure full vehicle production access. A Chery insider said whether Luxeed will list separately remains undecided.

TREE NEWS update: Rongsheng Development plans to restructure four onshore bonds, including 20 Rongsheng Real Estate MTN001, with holders through partial debt-for-asset swaps and interest waivers. The bonds have RMB 3.852 billion in outstanding principal and about RMB 1.2 billion in interest, while the assets offered as repayment are appraised at RMB 38.8983 million. The plan still requires approval from shareholders and bondholder meetings.

TREE NEWS reports: Right-wing candidate Flávio Bolsonaro is projected to take 50.3% of valid votes against President Luiz Inácio Lula da Silva’s 49.7%, with less than a week to go before Brazil’s presidential runoff. The survey excludes blank and invalid ballots.

TREE NEWS update: French Prime Minister Sébastien Lecornu said France will impose local curfews in some areas after weekend protests in Paris and other cities turned into riots. Speaking to reporters after a crisis meeting with cabinet members, Lecornu called the unrest “clear criminal and looting acts” that must not be allowed to continue. SME Minister Serge Papin said about 3,000 businesses were damaged or looted, after more than 500,000 people took to the streets on Saturday to protest the high cost of living.

TREE NEWS update: Donald Trump directed his audience to tune in to a right-wing broadcast network. The instruction was delivered without further detail on the network or timing. The move underscores Trump’s continued push to steer supporters toward aligned media outlets.

TREE NEWS update: Blackstone Group has raised $8.7 billion for its energy transition fund, the firm announced. The fundraise marks one of the largest pools of capital assembled for energy transition investments. Further details on the fund’s strategy and investor base were not disclosed.

TREE NEWS update: Lu Kang, vice minister of the International Department of the Communist Party of China Central Committee, met with former U.S. deputy assistant trade representative An Kaibin in Beijing on the afternoon of Oct. 19. The two sides exchanged views on China-U.S. relations and China-U.S. economic and trade relations.

TREE NEWS reports: Bitcoin climbed back above $82,000 following a week of hot U.S. inflation data and $228.6 million in outflows from spot bitcoin ETFs. The rebound came as Brent crude slipped from a five-month high and U.S. stock futures rose.

TREE NEWS update: Novo Nordisk said China’s National Medical Products Administration approved updated product information for its weight-loss semaglutide injection, sold as Wegovy, allowing storage at 2°C–30°C for up to 48 hours before first use during distribution to patients. The approval makes Wegovy China’s first and only GLP-1 weight-management treatment with this delivery flexibility.

TREE NEWS update: The People’s Bank of China and multiple government departments issued guidance on financial support for building international sci-tech innovation centers in Beijing-Tianjin-Hebei, Shanghai-Yangtze River Delta and the Greater Bay Area. The guidance encourages market institutions to create index products tracking sci-tech innovation bonds, offering diversified asset allocation tools in the sector, and to use credit risk mitigation instruments such as CRMWs to support issuance and investment in such bonds.

TREE NEWS reports: SF Holding reported September express logistics revenue of 20.835 billion yuan, down 0.09% year on year, with volume at 1.395 billion tickets, down 7.25%. Per-ticket revenue rose 7.71% to 14.94 yuan, its seventh straight month of year-on-year growth. Supply chain and international business revenue reached 7.884 billion yuan, up 28.13%, bringing total revenue to 28.719 billion yuan, up 6.34%.

TREE NEWS update: The People’s Bank of China and multiple government departments issued guidance to build international sci-tech innovation centers in Beijing-Tianjin-Hebei, the Yangtze River Delta and the Greater Bay Area. The plan calls for accelerating STAR Market reforms and improving the listing mechanism for technology companies. It also targets integrated tech-finance services across the Yangtze River Delta, including the G60 sci-tech corridor and cross-regional recognition of tech-finance standards.

TREE NEWS update: The People’s Bank of China and other departments issued guidance to support international sci-tech innovation centers in Beijing, Shanghai and the Greater Bay Area, including measures to optimize domestic banks’ offshore lending management and widen overseas financing channels for domestic tech companies. The document also calls for pilot facilitation of cross-border trade and investment for tech firms, streamlined cross-border settlement for service trade, and support for opening domestic foreign-exchange accounts for overseas R&D centers and innovation platforms.