Flash News

TREE NEWS update: JinkoSolar announced it expects a net loss attributable to shareholders of RMB 2.976 billion to 3.576 billion for the first three quarters of 2026, narrowing from a RMB 3.92 billion loss a year earlier. Non-GAAP net loss is projected at RMB 3.811-4.411 billion versus RMB 4.543 billion previously. The company said its TOPCon 3.0 line upgrades and capacity ramp-up are progressing, storage shipments and revenue recognition are growing and starting to contribute operating profit.

TREE NEWS reports: Hong Kong’s Hang Seng Index closed 0.52% higher and the Hang Seng Tech Index rose 1.16%. Lenovo Group gained about 8% and KE Holdings climbed roughly 5%, while Recbio fell about 18%, Qingcheng New Drug dropped around 8% and WuXi AppTec slipped about 2%.

TREE NEWS update: South Korea’s finance minister and the governor of the Bank of Korea held a joint meeting with the US Federal Reserve and the US Treasury Department. Participants discussed recent economic conditions and economic and financial cooperation between the two countries.

TREE NEWS update: China’s Ministry of Housing and Urban-Rural Development and five other departments jointly issued a notice launching a three-year “Warmth Project” for urban heating, the ministry said on the 16th. The action aims to address insufficient heat-source capacity and equipment failures. It requires marked progress by the end of 2028 in renovating and upgrading aging heating pipelines.

TREE NEWS reports: The London Metal Exchange reported lower inventories for copper, lead, aluminium, tin and nickel. Copper stocks fell 1,175 tonnes, lead dropped 525 tonnes, aluminium declined 250 tonnes and tin shed 95 tonnes, while nickel slid 2,076 tonnes. Zinc was the outlier, with inventories rising 7,225 tonnes.

TREE NEWS update: Wuhan sold three residential land plots on October 16 for a combined 1.513 billion yuan, against a total starting price of 1.368 billion yuan. One plot drew a premium while two sold at the base price. The premium parcel, in the East Lake High-Tech Development Zone, went to Hubei Tianchuang Real Estate Development Group after 66 rounds of bidding for 587 million yuan, a floor price of 8,737 yuan per square meter and a 33.14% premium.

TREE NEWS reports: Kazakhstan’s sovereign wealth fund Samruk-Kazyna JSC is considering raising about $1 billion equivalent in yuan next year through dim sum or panda bond issuance, managing director for economics and finance Aidar Ryskulov said in an interview Friday. The final decision will depend on market conditions.

TREE NEWS update: Japan and Germany have begun consultations on strengthening semiconductor supply chains. The talks focus on cooperation between the two countries’ chip industries, though no further details of the discussions were disclosed. Both governments have been pushing to secure supplies of critical semiconductors.

TREE NEWS update: Russian Foreign Minister Sergey Lavrov will visit Iran on October 19, and will travel to Bahrain a day earlier on October 18. No further details of the trip were given.

TREE NEWS update: Shanghai Stock Exchange Vice President Yuan Duoran said on October 16 that emerging and future industries accounted for nearly 90% of newly filed STAR Market IPO applicants over the past year. Speaking at the Global Wealth Management Forum’s 2026 Shanghai Suhewan conference, Yuan said the board’s role in serving new quality productive forces is becoming more pronounced.

TREE NEWS update: Hunan province issued a 7-year general local government bond totaling 28.522 billion yuan at a coupon of 1.5400%, with a bid-to-cover marginal ratio of 1.83 times against an expected 1.54. It also sold 24.342 billion yuan of 30-year special-purpose local debt at 2.2000%, drawing a marginal multiple of 10.38 times, and 450 million yuan of 7-year special-purpose debt at 1.5400%.

TREE NEWS reports: Foreign investors now hold more than RMB 4 trillion in tradable A-share market value, Shanghai Stock Exchange Vice President Yuan Duoran said at the 2026 Global Wealth Management Forum in Shanghai. Yuan said these investors have become important participants in China’s capital market. The figure covers all categories of overseas investors.

TREE NEWS update: China’s first full-chain million-tonne low-concentration CCUS (carbon capture, utilization and storage) demonstration project has begun construction at Shengli Oilfield. The project is expected to be built and put into operation by the end of 2028, with captured CO2 injected into oil reservoirs through more than 70 injection wells, covering beach-bar sand, turbidite and shale oil reservoirs.

TREE NEWS update: China’s National Development and Reform Commission and National Energy Administration convened a meeting in Taiyuan, Shanxi on October 16 to push faster restart of idled coal mines and higher output. Shanxi was told to bring suspended mines back into production on a “one mine, one policy” basis, streamline restart approvals and drive restarted mines to full capacity so coal output returns to normal levels.

TREE NEWS update: China’s Foreign Ministry said on October 16 that Beijing will not join so-called denuclearization talks with the United States and Russia, after President Donald Trump said Washington was consulting both countries on the issue. Spokeswoman Mao Ning said China’s nuclear force is not on the same scale as those of the US and Russia, calling demands for China to join disarmament negotiations unfair, unreasonable and impossible.

TREE NEWS update: Ukrainian President Volodymyr Zelensky said Ukraine is seeking support in three areas: energy, air defense and funding. The statement did not specify amounts, donors or a timeline for the requested assistance.

TREE NEWS reports: The International Monetary Fund expects the Bank of Japan to raise interest rates one more time, moving the policy rate toward neutral, IMF Japan mission chief Rahul Anand said Friday. Anand said that under the IMF’s baseline scenario, the BOJ will hike once more to bring the policy rate to a neutral level, while stressing that further action must stay flexible given rising global uncertainty.

TREE NEWS reports: A total of 31 private fund managers in China bought 1.594 billion yuan (about $219 million) of their own products so far in 2026, as of October 15. The figure reflects heightened appetite among Chinese private fund managers to co-invest in their own offerings this year.

TREE NEWS reports: The euro climbed 0.3% to 1.1249 against the US dollar, touching its highest level since October 7. The move marks a fresh multi-week high for the single currency.

TREE NEWS update: China’s State Council Information Office will hold a press conference at 3 p.m. on Monday, October 19, to brief on efforts to accelerate technology-driven commerce. Assistant Minister of Commerce Yuan Xiaoming and officials from the Ministry of Industry and Information Technology and the Ministry of Culture and Tourism will present the plans and take questions from reporters.