Flash News

TREE NEWS update: Major US AI services, including ChatGPT, Claude, and Grok, went down for nearly four hours on the evening of September 3. OpenAI attributed the issue to a routing error at 7:43 AM PT, affecting access to ChatGPT and Codex. Anthropic cited an infrastructure problem. Chinese firm Zhipu noted it remained online.

TREE NEWS update: The UK Health Security Agency said on the 3rd that Aedes aegypti mosquitoes and larvae were discovered in a residential area in east London, marking the first time the invasive species has been found breeding in the country. Authorities have stepped up monitoring and trapping efforts.

TREE NEWS update: ByteDance and ZTE’s co-developed Doubao phone, the Nubia NaviX Ultra, will feature CXMT’s LPDDR5X memory at 10667Mbps, marking the first mass-production application of a domestic chip at that speed. The announcement was made via Changxin Storage and Nubia’s official Weibo accounts.

TREE NEWS update: The US and UK have formed a joint alliance to combat crypto scam centers, agreeing to parallel investigations and information sharing. Authorities plan a private-sector disruption operation in London in October.

TREE NEWS reports: South Korea’s Seoul Composite Index (KOSPI) rose 2% intraday on Thursday, extending its rally amid broad market gains. The advance was driven by tech and battery shares, with investors shrugging off global trade concerns. Further details on the index’s composition and individual stock movers were not immediately available.

TREE NEWS reports: China’s ChiNext index pared gains to close up 0.43%, while consumer and agricultural stocks strengthened. Hong Kong’s Hang Seng rose 2.1% at midday and the Hang Seng Tech Index gained 2.5%, with MINIMAX jumping over 10% intraday. The PBOC conducted zero reverse repo operations on Friday, net draining ¥1.4115 trillion from the market this week.

TREE NEWS update: Today’s focus includes Germany’s July factory orders at 14:00 Beijing time, followed by speeches from Bank of England Governor Andrew Bailey at 16:50 and ECB Chief Economist Philip Lane at 17:00. At 20:30, the US releases August nonfarm payrolls (employment, unemployment rate, average hourly earnings) and Canada’s August employment report. OPEC+ monthly meeting is scheduled for Sunday.

TREE NEWS update: On September 4, China’s State Administration for Market Regulation (SAMR) published a second batch of seven enforcement cases targeting obstacles to fair enterprise market access and independent operation. The cases span healthcare, energy, funeral services, waste removal, and internet services. They mainly involve discriminatory entry conditions creating regional barriers, exclusive cooperation agreements, and delays in implementing policy adjustments.

TREE NEWS update: China’s power battery recycling industry standards guide is under development and expected to be released this year. The guide covers green low-carbon, collection and sorting, and material regeneration aspects, including energy saving, carbon reduction, verification and accounting, and green design.

TREE NEWS update: On September 4, Voyah Automobile Technology Co., Ltd. Chairman Lu Fang announced that the pre-sale of the Voyah Dreamer 9 will not have an offline launch event, breaking industry convention for major product releases. He said the decision was made after careful team discussion, adding, “What we stopped is not the launch event, but redundant marketing hype.” Lu called on industry peers to avoid marketing involution and focus on product quality and innovation.

TREE NEWS reports: Norway’s sovereign wealth fund, the world’s largest, may reduce its holdings of US Treasuries by approximately $80 billion. The potential move reflects growing concerns over US fiscal policy and could have significant implications for global bond markets.

TREE NEWS reports: Bitcoin briefly broke above $81,000 on OKX, trading at $81,005.60 per coin, down 0.43% intraday. The move comes amid ongoing market fluctuations.

TREE NEWS reports: Ethereum spot ETFs recorded $141 million in total net inflows on Tuesday, September 3. BlackRock’s ETHA led with $72.07 million in daily net inflows, bringing its historical total to $12.816 billion. Fidelity’s FETH followed with $65.11 million, raising its cumulative inflows to $2.325 billion.

TREE NEWS update: On September 2, the State-owned Assets Supervision and Administration Commission (SASAC) and the Chinese Academy of Sciences launched a training program for central enterprises in deep-sea and deep-Earth industries. SASAC Vice Chairman Tan Zuojun stressed focusing on industry pain points, leveraging CAS research strengths, and fostering high-level talent to drive high-quality development.

TREE NEWS update: Liu Min, chief engineer of China’s State Administration for Market Regulation, said at the 2026 World Power Battery Conference that preventing ‘involution-style’ competition has been incorporated into the comprehensive rectification framework. Jointly with the Ministry of Industry and Information Technology and the National Development and Reform Commission, the administration will continue capacity early-warning regulation, standardize price competition, and strengthen product quality supervision to build a market environment of quality-first, fair competition.

TREE NEWS reports: Nomura said the Bank of Japan could raise interest rates at all three meetings through December if yen weakness persists. Yujiro Goto, head of Japan FX strategy, called a 0.25 percentage point hike this month ‘reasonable’ and said October and December could see consecutive hikes if yen slides toward 160.

TREE NEWS update: Lenovo Group shares rose as much as 7% in intraday trading after the company announced a partnership with automation platform Workato to enhance its Qira AI assistant. The collaboration aims to bolster the capabilities of Lenovo’s AI-powered assistant, signaling the tech giant’s push into enterprise AI solutions.

TREE NEWS update: On September 3, Country Garden chairperson Yang Huiyan told a monthly management meeting that the ‘828 New Policy’ shifts the industry from presales to completed-home sales, from fast turnover to quality, and from corporate credit to project credit. The old high-leverage, fast-turnover model no longer applies, she said, calling for a full overhaul of operations, development logic and organizational structure to adapt.

TREE NEWS update: China’s Ministry of Finance issued 130 billion yuan of 1-year bonds at a coupon of 1.1922%, with marginal rate at 1.2202%, versus 1.1600% expected, and a bid-to-cover ratio of 2.73 times. Separately, it sold 24 billion yuan of 20-year bonds at 2.1270%, near the 2.1200% forecast, with a bid-to-cover of 11.70 times.