Flash News

TREE NEWS update: China’s securities regulator, the CSRC, has approved CICC’s absorption merger of Dongxing Securities and Xinda Securities through newly issued shares. After completion, the two brokerages will be dissolved and their branches converted into CICC branches. Oriental Asset and Xinda Asset will become major CICC shareholders with 8.03% and 16.76% stakes respectively, while CICC will become a major shareholder of Dongxing Fund and Xinda Aoya Fund and take control of Dongxing Futures and Xinda Futures.

TREE NEWS update: Garden Co. announced it plans to acquire a controlling stake in Hangzhou Hualan Microelectronics Co. through a combination of share issuance and cash. The transaction is still at the planning stage, with the target’s valuation, audit and appraisal, deal amount and the mix of shares and cash not yet determined. Trading in the company’s shares will be suspended from Sept. 14, 2026, for no more than 10 trading days.

TREE NEWS update: Longban Media said its shares will resume trading at market open on Monday, September 14, 2026, after the company completed a review of matters related to unusual trading risk in its stock. The company disclosed the completion of the review in a filing, clearing the way for the resumption of trading.

TREE NEWS update: China’s securities regulator CSRC has granted filing approval for Tianci Materials’ planned Hong Kong initial public offering, clearing a key regulatory step for the Shenzhen-listed electrolyte maker’s second listing. The approval allows the company to proceed with its H-share offering in the city. No deal size or timetable was disclosed.

TREE NEWS update: The Shanghai Stock Exchange said it took self-regulatory measures this week against 53 instances of abnormal securities trading, including ramping and false declarations, and placed stocks with large price swings such as Longban Media under key monitoring. It also conducted special checks on major corporate matters at 32 listed companies and referred one suspected violation case to the China Securities Regulatory Commission.

TREE NEWS update: Foton Motor announced it will transfer 378 assets — including land-use rights, factory buildings, machinery and facilities at its Miyun plant — to the Beijing branch of BAIC BJEV under a non-public agreement for 1.516 billion yuan, tax included. The related-party transaction has been approved by the board and still requires approval at the company’s third extraordinary shareholders’ meeting of 2026.

TREE NEWS update: Tencent Holdings bought back HK$100.5 million worth of its own shares on September 11. The Hong Kong-listed internet giant disclosed the repurchase, which is part of its ongoing share buyback program. No further details on the number of shares or price per share were given.

TREE NEWS reports: The US Treasury raised its single long-bond buyback to $6 billion from a previously announced $4 billion, yet the 10-year Treasury yield climbed to 4.85% on September 10, its highest since November 2023, with the 30-year above 5.3%. US August PPI rose 0.4% month-on-month and 5.4% year-on-year, while July was revised up to 0.1%. Markets now price a 74% chance of a September Fed hike, and August CPI is due tonight.

TREE NEWS update: Biwin Storage said it will lower the maximum price for its share buyback to no more than 467.82 yuan per share from 468.24 yuan, effective Sept. 18, 2026, following its 2026 interim equity distribution. The buyback totals between 200 million yuan and 250 million yuan, with shares to be used to reduce registered capital. All other buyback terms are unchanged.

TREE NEWS reports: Oracle shares rose nearly 7% in US pre-market trading after the company reported first-quarter revenue of $19.3 billion, up 30% year over year. Revenue from its cloud infrastructure division surged 121% compared with the same period a year earlier. No other figures were disclosed in the report.

TREE NEWS update: Zhongjuxin announced it will inject 100 million yuan of its own funds into associate company Jingheng Xidao, subscribing 76.774266 million yuan of new registered capital at 1.3025 yuan per yuan of registered capital. Total investment in the round reaches 280 million yuan, with external investors contributing 180 million yuan. After the increase, Zhongjuxin’s stake will fall from 44.75% to no less than 36.9554%, and Jingheng Xidao remains an associate not consolidated into its financial statements.

TREE NEWS reports: Oracle reported Q1 FY2027 revenue of $19.35 billion, up 30% year over year, with adjusted EPS of $1.92, both beating estimates. Cloud infrastructure revenue surged 121% to $7.4 billion, lifting total cloud revenue 62% to $11.6 billion, while remaining performance obligations reached $664 billion. The company delivered 850MW of new data center capacity and over 300,000 GPUs to AI cloud customers during the quarter.

TREE NEWS update: Guangxi Huaxi Nonferrous Metals Co. said it is planning a major cooperation that could change control of the company, and its shares will be suspended from the morning open on Sept. 14, 2026. The halt is expected to last no more than two trading days, the company said in a filing.

TREE NEWS update: Shanghai-listed Xinhua Media will keep its shares suspended for no more than 10 cumulative trading days as it plans to acquire a controlling stake in Shanghai Jiemian Cailianshe Technology Co. via a share issuance. The company said the deal is still at the planning stage and that it and relevant parties are pushing the work forward.

TREE NEWS update: Bybit has listed three new TradFi perpetual contracts tracking Hong Kong-listed equities: SenseTime, Meitu and Horizon Robotics. The contracts — SENSETIMEUSDT, MEITUUSDT and HORIZONUSDT — are settled in USDT, offer up to 25x leverage and trade 24/7, the exchange said.

TREE NEWS reports: Oracle (ORCL.N) rose 5.5% in US premarket trading after its first-quarter revenue and profit came in above expectations. The stock moved ahead of the opening bell on the earnings beat.

TREE NEWS update: Bitwise is closing its Dogecoin ETF less than a year after launch, with the fund holding about $688,000 in net assets as of Sept. 9. Trading in BWOW is expected to end Oct. 14, and cash payouts to shareholders will follow around Oct. 22.

TREE NEWS update: Shanghai Yahong announced that controlling shareholder Hainan Ningsheng Tourism Group is still discussing a major matter that could change control of the company, with significant uncertainty remaining. Trading in the shares will stay suspended from the market open on Sept. 14, 2026, for no more than three trading days, pending disclosure and a resumption application.

TREE NEWS reports: Adobe reported fiscal 2026 third-quarter revenue of $6.76 billion, up 13% year over year and above the $6.69 billion consensus, with adjusted EPS of $6.13 versus $6.08 expected. Subscription revenue reached $6.56 billion, about 97% of total. Adobe guided Q4 revenue to $6.80–$6.85 billion, just below the $6.85 billion consensus, and shares fell about 2.5% after hours.

TREE NEWS update: O-Film said on its investor interaction platform that some glass-substrate packaging products from Zhongke Daojing have begun small-batch supply, with the company’s glass-substrate packaging and optical interconnect businesses advancing steadily. Jiangxi O-Film Optical Micro-Nano Devices Co. was formally established on July 8, 2026, as a wholly owned subsidiary.