Flash News

TREE NEWS update: Geely Holding Group announced a global strategic partnership with Google to build a digital cockpit ecosystem for eligible Geely brands in overseas markets covered by Google services. The first model equipped with the related services is planned for launch in the second half of 2027, with timing subject to product development, regulatory compliance and market preparations.

TREE NEWS reports: Several Chinese bond ETFs have each pulled in more than 2 billion yuan in net inflows since the start of October, as appetite for fixed-income allocation picks up. Institutions remain broadly positive on the market but expect wide-range volatility in October, flagging fiscal and monetary policy implementation, reserve requirement and rate cut expectations, and crowded trades from high duration exposure.

TREE NEWS update: Djibouti’s Minister of Foreign Affairs and International Cooperation Omar and the Republic of the Congo’s Minister of Foreign Affairs, Francophonie and Congolese Abroad Bonda will make official visits to China from October 19 to 25. Both visits come at the invitation of Chinese Foreign Minister Wang Yi, the Foreign Ministry announced.

TREE NEWS reports: China’s ChiNext Index closed down 0.39% on Thursday after a higher open, while the Shanghai Composite rose 0.24% and the Shenzhen Component slipped 0.12%. Low-altitude economy names surged, with more than ten stocks including Huali Chuangtong and Wanfeng Auto hitting the daily limit, alongside a broad rally in defense stocks. Total turnover across the three markets reached nearly 1.57 trillion yuan.

TREE NEWS reports: European equities opened mixed on the day, with the Euro Stoxx 50 up 0.4% and Germany’s DAX gaining 0.5%. France’s CAC 40 rose 0.3%, while the UK’s FTSE 100 slipped 0.4% at the open.

TREE NEWS reports: The Shanghai Composite closed at 3716.28, up 0.24%, while the Shenzhen Component fell 0.12% to 11802.46. The ChiNext Index dropped 0.39% to 2772.38 and the CSI 300 gained 0.11% to 4170.61. The STAR 50 slipped 0.06% to 1358.65, with the CSI 500 and CSI 1000 each up 0.05%, at 6772.75 and 6681.94.

TREE NEWS reports: China’s commodity futures market closed lower on the day, with the main lithium carbonate contract dropping more than 4% and apple futures falling over 3%. LPG, plastics and Shanghai nickel each declined more than 2%. On the upside, Shanghai silver and industrial silicon rose over 2%, while BR rubber gained 2%.

TREE NEWS update: The Hilton DoubleTree hotel in Zone C-01 of R&F Mangrove Bay in Chengmai, Hainan, along with its apportioned land-use rights, will be auctioned on the Alibaba asset auction platform starting at 10:00 a.m. on October 29, with a starting bid of about RMB 243.7 million and an appraised value of about RMB 348 million.

TREE NEWS reports: China AMC’s SSE 50 ETF (510050) saw a sharp increase in trading volume in the final session of the day, with turnover exceeding 5 billion yuan. The late-session surge in the fund, which tracks the SSE 50 Index, came as broader Chinese equity ETFs drew heavy trading activity.

TREE NEWS update: China’s Ministry of Finance issued the final ultra-long special treasury bond of 2026 on October 16, a 20 billion yuan tranche, closing out the year’s 1.3 trillion yuan program. Of the total, 800 billion yuan is allocated to “Two Major” construction, 250 billion yuan to consumer goods trade-in subsidies, 200 billion yuan to large-scale equipment upgrades, and 50 billion yuan to a fiscal-financial coordination package to boost domestic demand.

TREE NEWS update: Tianjin issued a batch of municipal government special bonds across 12 tranches, led by an 8.252 billion yuan five-year general special bond at a 1.4500% coupon. Tenors ranged from five to 30 years, including a 10 billion yuan 30-year rail transit special bond at 2.2400% and a 16.1 billion yuan 5+2-year bond at 1.5400%. The 30-year other special bond tranches priced at 2.2200%-2.2400%.

TREE NEWS reports: Chinese bond ETFs again exceeded 300 billion yuan in daily turnover, marking a fifth consecutive session above that level this week. Turnover hit a record 340.7 billion yuan on Oct. 13. Short-term financing bond ETF Haitong (511360) led with 68.4 billion yuan, followed by corporate bond ETF E Fund (551500) at 12 billion yuan and sci-tech bond ETF Harvest (159600) at 11.3 billion yuan.

TREE NEWS update: Tianjin issued 6.43 billion yuan of 7-year general local government bonds at a coupon of 1.5400%, with a bid-to-cover marginal multiple of 3.02 times against an expected 1.54. The municipality also issued 3.083 billion yuan of 30-year special-purpose local bonds at 2.2100%, with a marginal multiple of 3.42 times versus an expected 2.22.

TREE NEWS update: China’s National Development and Reform Commission, Ministry of Civil Affairs and National Health Commission issued guidance on improving price formation for inclusive elder-care services. Under the document, fees at fully market-based elder-care institutions will be set at market-adjusted prices, determined by each institution based on actual costs, service quality and market supply and demand, with quality providers encouraged to charge premium rates.

TREE NEWS reports: The STAR 50 index, tracking the 50 largest companies on Shanghai’s STAR Market, extended its decline to 1% on the day. The move marks a widening of the index’s losses, with the drop deepening from earlier levels. No further details on the drivers or individual constituent moves were given.

TREE NEWS reports: The ChiNext Index dropped more than 1% in late trading after rising over 1.7% earlier in the session. Components, CRO and AI video sectors continued to retreat. The sharp intraday reversal erased the index’s morning gains as selling pressure in those sectors intensified into the close.

TREE NEWS update: China’s three government departments directed local development and reform commissions to handle project approval, investment support and fee-setting for elderly care facilities. The notice calls for central budget investment, ultra-long special treasury bonds and local government special bonds to fund facility upgrades and equipment renewal, with water, electricity, gas and heating charged at residential rates.

TREE NEWS update: World Bank President Ajay Banga said the bank plans to increase its financing for critical minerals fivefold over five years, targeting $19 billion for critical minerals projects during the fiscal 2026-2030 period. The bank has identified 20 countries where it can cooperate on critical minerals development projects.

TREE NEWS update: China’s National Development and Reform Commission, Ministry of Civil Affairs and National Health Commission issued joint guidance on improving the price formation mechanism for inclusive elderly care services. Provincial civil affairs departments will coordinate classified reform of elderly care institutions and set specific criteria for recognizing inclusive-support institutions, while municipal-level authorities handle recognition and expand facilities, including converting idle public service venues into care facilities.

TREE NEWS update: Latvian Prime Minister said Ukraine now has only one ally: Europe. The statement, made in remarks published Monday, frames the continent as Kyiv’s sole backer at a time when other partners have pulled back. No further details or specific policy commitments were given.