Flash News

TREE NEWS update: The Louvre in Paris temporarily closed its doors on October 19 after protesters blocked the museum’s entrance earlier that morning. The closure was announced on the Louvre’s official website the same day. No further details on the nature of the protest or the duration of the closure were immediately provided.

TREE NEWS update: China Securities Regulatory Commission Chairman Wu Qing said on October 19 at the 2026 Financial Street Forum that the regulator will accelerate the inclusion of the RMB stock trading counter and REITs into the Shanghai-Hong Kong Stock Connect. He said the CSRC will implement the new “five synergies” cooperation model between the mainland and Hong Kong markets and deepen its participation in the governance reform of international financial organizations.

TREE NEWS update: China Securities Regulatory Commission Chairman Wu Qing said on Oct. 19 that the regulator will study ways to advance multi-tier market reform and implement more inclusive rules for issuance, listing and M&A. Speaking at the 2026 Financial Street Forum, Wu also said the CSRC will deepen refinancing reform and publish revised rules for listed-company securities issuance at an appropriate time.

TREE NEWS update: China Securities Regulatory Commission Chairman Wu Qing said on October 19 that the regulator will stay highly alert to new risk points including offshore leveraged products linked to individual A-share stocks, while speaking at the opening of the 2026 Financial Street Forum annual meeting. Wu said the CSRC will keep tracking domestic and overseas market developments, strengthen risk assessment and policy tool reserves, and reinforce market-stabilization mechanisms to build a stronger defense against capital-market risks.

TREE NEWS update: China Securities Regulatory Commission Chairman Wu Qing said on October 19 that the regulator will further improve capital market functions that balance investment and financing, and steadily raise market resilience and confidence. Speaking at the opening of the 2026 Financial Street Forum, Wu said the CSRC will adhere to the principle of seeking progress while maintaining stability and contribute to high-quality economic and social development during the 15th Five-Year Plan period.

TREE NEWS update: China Securities Regulatory Commission Chairman Wu Qing said on October 19 that cross-border, cross-market and cross-industry risk transmission warrants high vigilance. Speaking at the opening of the 2026 Financial Street Forum, Wu cited geopolitical conflicts raising global risk premiums, a complicated interest-rate environment driving asset repricing, AI accelerating market change, and rising volatility and linkage across stock, bond and currency markets.

TREE NEWS reports: Bitcoin’s long-term on-chain trend remains bullish, but short-term indicators are flashing caution, with a widely followed trend model’s stop line at $79,654 — less than 3% below current prices. September CPI rose 3.7% year-on-year, the 10-year Treasury yield has hovered near 5.2%, and miners holding nearly 1.8 million BTC may sell reserves to fund AI data-center expansion. Futures price a near-90% chance of a December rate hike.

TREE NEWS update: People’s Bank of China Governor Pan Gongsheng said on October 19 at the opening of the 2026 Financial Street Forum that the central bank will push to retire the benchmark deposit and lending rates, replacing them with market-based pricing references. Bank lending already uses references including the loan prime rate and the interbank overnight repo rate, while since the first quarter the PBOC has published average deposit rates by tenor as a reference for bank pricing.

TREE NEWS update: The Guangzhou Futures Exchange announced trading fee and position-limit rules for its polysilicon PS2710 and lithium carbonate LC2710 futures contracts. The polysilicon PS2710 contract carries a trading fee of 0.01% of transaction value and an intraday close-out fee of 0.025%, with a minimum opening order of 5 lots and a minimum closing order of 1 lot. Non-futures-company members and clients are capped at 200 lots of daily opening positions.

TREE NEWS update: China’s listed companies distributed 2.1 trillion yuan ($290 billion) in dividends and share buybacks so far this year, CSRC Chairman Wu Qing said at the 2026 Financial Street Forum opening on Oct. 19. That is 2.7 times the amount raised through IPOs and refinancing over the same period. First-half revenue for listed firms reached 37.7 trillion yuan, with net profit of 3.6 trillion yuan, up 19.5% year-on-year and the highest in nearly three years.

TREE NEWS update: China Securities Regulatory Commission Chairman Wu Qing said on October 19 that the CSRC will fully counter multiple unexpected imported risks, speaking at the opening of the 2026 Financial Street Forum. He said the regulator is implementing the national 15th Five-Year Plan and the new ‘Nine National Rules,’ advancing risk prevention, stronger supervision and high-quality development together, with market fundamentals gradually improving.

TREE NEWS update: Wang Wenling, former deputy secretary of the Communist Party group and vice chairman of the National Council for Social Security Fund, has been expelled from the Party and dismissed from public office for serious disciplinary and legal violations. The decision was announced on Wednesday. No further details on the specific violations or the length of the investigation were provided.

TREE NEWS update: Ding Xiangqun, head of China’s National Financial Regulatory Administration, said on Oct. 19 that the country’s banking and insurance sectors are running stably overall, with large institutions operating soundly and reforms to defuse risks at smaller institutions progressing in an orderly manner. Speaking at the opening of the 2026 Financial Street Forum in Beijing, Ding said overall risks remain controllable and pledged to steadily handle high-risk institutions and push for continued risk convergence.

TREE NEWS update: Yu Xiaoping, former vice president and Party committee member of PICC, has been expelled from the Chinese Communist Party over serious disciplinary and legal violations, state broadcaster CCTV reported. The announcement did not specify the nature of the violations or whether the case has been referred for criminal prosecution. PICC, formally the People’s Insurance Company of China, is one of the country’s largest state-owned insurers.

TREE NEWS update: China’s National Financial Regulatory Administration will continue to optimize regulatory policies to help raise the development level of Beijing’s international science and technology innovation center, NFRA head Ding Xiangqun said at the opening ceremony of the 2026 Financial Street Forum annual meeting. Ding said the regulator would keep refining its supervisory approach in support of the capital’s tech innovation push.

TREE NEWS update: China’s National Financial Regulatory Administration will push ahead with institutional opening of the financial sector and support more foreign institutions and long-term capital to operate and invest in the country, its head Ding Xiangqun said at the 2026 Financial Street Forum opening ceremony. The regulator pledged timely responses to foreign institutions’ requests, improved rules and a fair, transparent and stable policy environment, and encouraged foreign firms to use their strengths in wealth management, pension and health, and green finance in more business pilots.

TREE NEWS update: China’s banking sector provided more than 20 trillion yuan in new financing support to the real economy in the first three quarters of the year, while insurance payouts reached nearly 2 trillion yuan, said Ding Xiangqun, head of the National Financial Regulatory Administration, at the opening of the 2026 Financial Street Forum annual meeting on October 19. Ding said banks’ role as the main financing channel and insurance’s protective function were brought into full play.

TREE NEWS update: China’s National Financial Regulatory Administration will bring all financial activities under supervision, director Ding Xiangqun said at the opening of the 2026 Financial Street Forum in Beijing on Friday. He said banking and insurance sectors are running stably, with risks generally under control. The regulator is tightening oversight of cross-regional, cross-departmental and new-format financial activities to achieve full coverage with no exceptions.

TREE NEWS update: People’s Bank of China Governor Pan Gongsheng said the central bank’s overnight reverse repurchase rate will become its main policy rate. The shift makes the short-term open-market rate the primary tool for signaling the monetary policy stance, replacing the current framework’s emphasis on longer-tenor operations.

TREE NEWS update: Shandong province issued 10 tranches of local government special bonds, including a 30-year 5.451 billion yuan tranche at a 2.21% coupon that drew a marginal bid ratio of 931.46 times against an expected 2.18. The 15-year general special bond priced at 2.01% with a 1.22x marginal ratio, while the 7-year other special bond raised 988 million yuan at 1.52% with a 1.87x ratio. A 10-year rail transit special bond of 705 million yuan priced at 1.69%.