Flash News

TREE NEWS reports: European stocks edged up on Tuesday, with the STOXX 600 index provisionally closing 0.06% higher at 650.28 points. The eurozone’s STOXX 50 gained 0.14% to 6,401.86, while the FTSE Eurofirst 300 rose 0.07% to 2,598.38.

TREE NEWS update: Yunfeng Financial, indirectly held by Jack Ma, announced inclusion in the eligible securities list for Stock Connect under Shanghai-Shenzhen-Hong Kong, effective September 7, 2026. Eligible mainland investors can then trade its shares via the channel. The firm previously disclosed buying 10,000 ETH for $44 million and plans to explore adding BTC and SOL to strategic reserves.

TREE NEWS update: ChangXin Memory Technologies has begun mass production of its self-developed LPDDR6 chips, debuting commercially in Xiaomi’s 18 Fold foldable flagship smartphone. This marks the first global commercial deployment of LPDDR6 in a flagship phone. The chip features 16Gb per die, 16GB package capacity, and a peak speed of 12800Mbps, delivering 60% higher bandwidth than LPDDR5X while consuming 20% less power.

TREE NEWS update: Printed circuit board manufacturer Kinwong Electronic has filed post-hearing documents with the Hong Kong Stock Exchange, receiving approval to proceed with its Hong Kong listing. The company is backed by joint sponsors CITIC Securities, BofA Securities, and Guolian Securities.

TREE NEWS update: Lei Jun announced that Xiaomi’s Xuanjie O100 and Xuanjie D100 chips will enter commercial use next year. The launch of two Xuanjie terminals tonight marks the mass production of Xuanjie O3. Xiaomi claims to be among the few globally to develop smartphone SoCs, AI accelerators, and autonomous driving chips simultaneously.

TREE NEWS update: Longsys announced its HKEX placement results, with the Hong Kong public offering oversubscribed 40.32 times and the international offering 3.88 times. The final offer price is HK$236.00, with net proceeds of HK$6.8032 billion. H shares will begin trading on the Hong Kong Stock Exchange on September 8, 2026.

TREE NEWS update: US stock markets are closed today due to a holiday. Trading will resume on the next regular business day. Investors should adjust their schedules accordingly.

TREE NEWS update: ASR Microelectronics announced that shareholder Alibaba Network reduced its stake by 5.2831 million shares from August 17 to September 7, 2026, via centralized bidding and block trades. The holding fell from 12.43% to 11.17%, crossing the 1% threshold. The reduction does not trigger a mandatory offer or change in control.

TREE NEWS update: Jerry Oilfield Equipment said the initial impact of US Executive Order 14420 on its business is limited, citing investor meeting minutes. The $1.465 billion gas turbine order signed in July has received its first advance payment and is progressing normally, the company said.

TREE NEWS update: Dongxing Securities announced that CICC’s proposed absorption merger of Dongxing and Xinda Securities will result in Dongxing losing independent status and being deregistered. The company will submit an application for voluntary termination of listing on the Shanghai Stock Exchange on the trading day following the cash option declaration deadline.

TREE NEWS update: Changyuan Donggu announced a plan to acquire 100% of Xiangyang Kanghao Electromechanical Engineering from Hubei Xinyuan Power Technology Group for 5.01 billion yuan, paid via new share issuance. It will also raise up to 2 billion yuan in a private placement to no more than 35 investors. The deal, priced at 29.75 yuan per share, constitutes a related-party transaction and major asset restructuring but not a reverse takeover. Completion requires shareholder approval, SSE review, and CSRC registration.

TREE NEWS update: Cinda Securities will apply to the Shanghai Stock Exchange for voluntary termination of listing on the trading day following the cash option declaration deadline, as CICC’s proposed absorption merger of Dongxing Securities and Cinda Securities will result in Cinda losing independent status and being deregistered.

TREE NEWS update: Xiaomi founder and CEO Lei Jun said at the 2026 Xiaomi autumn flagship launch event on Sept 7 that the company has invested 21 billion yuan in chip development so far, part of a planned 500 billion yuan over 10 years. He noted the Xuanjie O3 chip is now in commercial use, with O100 and D100 models expected in the first half of next year.

TREE NEWS update: China International Capital Corporation (CICC) announced that the CSRC approved its absorption merger with Dongxing Securities and Xinda Securities on Sept 7, 2026. CICC will issue 3.104 billion new A-shares, with Dongxing and Xinda assets becoming major shareholders with 6.37 billion and 13.29 billion shares, respectively. Trading in CICC A-shares will be suspended from Sept 15.

TREE NEWS update: Longsys announced that its subsidiary Tibet Yuanshi, an LP in Suzhou Puhua Chenguang Venture Capital Partnership, saw the fund’s total committed capital raised to 1.057 billion yuan from 371 million yuan after new LPs joined. Tibet Yuanshi’s stake diluted to 7.57% from 21.56%, with no change to its 80 million yuan contribution. The new LPs are unaffiliated with the company.

TREE NEWS update: Xiaomi unveiled the 18 Fold folding smartphone at a starting price of CNY 10,999. The device features the Xuanjie O3 AI flagship processor, a 6,000mAh battery, a thickness of 5.02mm when unfolded, a weight of 219g, and supports up to six-window multitasking.

TREE NEWS update: On the evening of September 7, Xiaomi unveiled the Xiaomi 18 Fold, its first ‘mid-fold’ smartphone, positioned between large and small foldables. CEO Lei Jun said the project was initiated two years ago with 20 months of development, making it Xiaomi’s highest-end phone. It features a 5.38-inch external and 7.58-inch internal screen with an aspect ratio near √2:1. The device measures 5.02mm unfolded and 10.68mm folded, weighing 219g.

TREE NEWS update: Xinhua Media announced plans to acquire a controlling stake in Shanghai Interface Cailian Press Technology Co., Ltd. through a share issuance, leading to a trading halt of its stock. The deal is part of a strategic move, though financial details were not disclosed.

TREE NEWS update: SuanYuan Technology announced the results of its initial public offering on the STAR Market, pricing shares at 142.18 yuan each. The company issued 43.035 million new shares, with online investors failing to subscribe to 16,874 shares, worth 2.399 million yuan, which were underwritten by joint sponsors. The online allotment rate was 0.02455315%, and total issuance costs reached 309 million yuan.

TREE NEWS reports: Societe Generale’s global asset allocation head Alain Bokobza said a 10-year Treasury yield of 5.5% would mark the tipping point where higher borrowing costs overwhelm earnings growth and pressure equity valuations. He noted that global earnings estimates have been revised up sharply this year, so equity risk premiums haven’t collapsed despite rising yields. With cash bond markets closed for Labor Day, the 10-year yield was around 4.78% on Monday.