Flash News

TREE NEWS reports: Blackstone’s private credit fund has again set its redemption limit at 5%. The move, announced recently, restricts investor withdrawals to 5% of net asset value per quarter, a measure aimed at managing liquidity. This marks a repeat of a similar cap previously imposed by the firm.

TREE NEWS update: Russian President Vladimir Putin said on September 3 that a resolution to the Russia-Ukraine conflict remains possible, but depends on both parties reaching consensus. Speaking at the Eastern Economic Forum plenary, he called attacks on civilian ships and threats against civilian aircraft “state terrorism,” accusing Ukraine’s Western allies of complicity by staying silent, which he said hinders peace talks.

TREE NEWS update: A 5.2-magnitude earthquake struck near Beichuan County, Mianyang City, Sichuan Province, at 19:39 on September 3 (local time), according to the China Earthquake Networks Center’s automatic determination. The epicenter was located at 31.91 degrees north latitude and 104.47 degrees east longitude. The final result is subject to the official rapid report.

TREE NEWS update: Germany’s leading economic research institutes released autumn forecasts on Friday, upgrading their 2026 growth expectations for the country. They cited recovering exports and increased government spending as key drivers of a gradual economic recovery.

TREE NEWS update: Iran’s parliamentary national security and foreign policy committee chairman Ebrahim Azizi said on Tuesday that the Strait of Hormuz will not be opened without Iran’s consent. He added that Iran has demonstrated to the US its ability to turn threats into credible deterrence. The statement was carried by Iranian state media.

TREE NEWS update: Ukrainian Foreign Minister Andrii Sybiha said on September 3 that peace mediation efforts in the Russia-Ukraine conflict may see new progress, entering an active phase of political and diplomatic activity, with peace consultations possibly resuming.

TREE NEWS update: Chinese Vice Premier Liu Guozhong inspected Inner Mongolia from Sept. 1-3, urging local authorities to strengthen agricultural disaster prevention and mitigation to secure a bumper autumn grain harvest and ensure national food security. He emphasized focusing on key stages of autumn grain production to support high-quality economic and social development.

TREE NEWS update: At the Saudi Capital Market Forum on September 3, Mohammed Al-Rumaih, CEO of the Saudi Exchange, said that in 2024 two ETFs investing specifically in Saudi Arabia were listed in Shanghai and Shenzhen, facilitating Chinese investment. Over 400 Chinese institutional and non-institutional investors now participate in the Saudi capital market, with holdings exceeding $4.8 billion.

TREE NEWS update: China Development Bank (CDB) has disbursed 460 million yuan ($64.5 million) to the first three private investment projects under its 2026 new policy-based financial instrument. The funds, released on September 2, will supplement project capital for major construction, boosting support for private investment.

TREE NEWS update: Iran reported on Sunday that three of its pilots were killed in the latest US attack on the country. The announcement was made by Iranian officials, who did not provide further details. The incident marks a significant escalation in tensions between the two nations.

TREE NEWS reports: ADP reported August private payrolls rose by just 38,000, well below market expectations of 47,000-48,000 and the lowest since January. The miss initially boosted rate-cut bets, but a hawkish tone from New York Fed’s Williams later reversed sentiment. Small-cap Russell 2000 swung from a 1.2% intraday loss to close up 1.13% at 2,953.

TREE NEWS update: Zhou Kai, Communist Party secretary of Ulanqab city in Inner Mongolia, is under investigation for suspected serious discipline and law violations, the regional discipline watchdog announced. The probe is being conducted by the Inner Mongolia Commission for Discipline Inspection and Supervision.

TREE NEWS reports: The Japanese yen strengthened further against the U.S. dollar, reaching an intraday high of 156.07, a gain of 1.7%. This marks a continuation of the yen’s recent appreciation trend, reflecting ongoing currency market dynamics.

TREE NEWS update: China’s Ministry of Water Resources said on June 3 that the Puru Qiangzang barrier lake is flowing normally upstream and downstream, based on drone and satellite imagery. However, a small landslide downstream poses a risk of collapse, potentially forming a new barrier lake.

TREE NEWS update: Liu Liehong, head of China’s National Data Bureau, led a delegation to Guizhou on Aug 28-29, during the 2026 China International Big Data Industry Expo, to inspect data factor marketization reform. The team visited Guizhou Big Data Group, Guizhou AI Data Factory, Anxin Shutong, Lanxiang Zhilian, Shanghai Guan’an, and Tianyima, examining progress on market-based allocation of data factors.

TREE NEWS reports: In H1 2026, China’s NEV sales surpassed 7.4 million units, nearly half of total car sales, while global power battery installations exceeded 608 GWh, with Chinese firms taking seven of the top ten spots and over 70% market share. At the 2026 World Power Battery Conference in Yibin on September 3, CATL chairman Robin Zeng warned against complacency, saying ‘the more we grow, the more we must stay vigilant.’ He emphasized not sacrificing product quality and consumer trust for speed, noting an average of three new car models launch daily in China.

TREE NEWS update: Isabel Schnabel, a member of the European Central Bank’s Executive Board, is reportedly considering leaving her position ahead of schedule to take a senior role at the International Monetary Fund. The move would mark a significant leadership change at the ECB.

TREE NEWS update: China’s first ‘Token loan’ product for the token economy has been launched in Haizhu District, Guangzhou, with Bank of China’s Guangzhou branch extending about 28 million yuan in credit to related firms. Other banks, including China Construction Bank, Agricultural Bank of China, Bank of Jiangsu, Shanghai Rural Commercial Bank, and Zhangjiagang Rural Commercial Bank, have also introduced compute-related credit products, incorporating computing power and token consumption into credit assessments.

TREE NEWS update: Multiple drugmakers said the negotiation and bidding for China’s 2026 National Reimbursement Drug List (NRDL), along with price consultations for the commercial insurance innovative drug catalog, will commence on September 5 at the National People’s Congress Conference Center. The National Healthcare Security Administration completed pre-communication with negotiating companies last week. Industry insiders expect the on-site negotiations and price consultations to last four to five days.

TREE NEWS reports: Bitcoin’s correlation with gold has reached a six-year high. However, Glassnode remains skeptical of bitcoin’s recent divergence from U.S. equities, noting that similar moves in the past have been short-lived. Analysts question whether the equity decoupling will persist.