Flash News

TREE NEWS reports: UK asset manager Schroders has increased its holdings of longer-dated US Treasuries, with global chief investment officer Johanna Kyrklund saying the 10-year yield’s valuation appeal has improved. She noted that after the recent market selloff, there is an opportunity to hold some duration. The 10-year Treasury yield rose to nearly 4.82% on Wednesday, the highest since 2023.

TREE NEWS update: The 2026 Inclusion·Outer Bank Conference will be held from September 9 to 12 at the Shanghai Huangpu Expo Site. Under the theme ‘Co-creating the New AI Economy,’ the event will feature one main forum and over 40 insight forums, focusing on how AI can be transformed into new productivity and economic opportunities.

TREE NEWS update: Japan’s Vice Finance Minister for International Affairs Atsushi Mimura said on Thursday he has nothing to say about current exchange-rate moves, while adding that he is dissatisfied and uneasy about the yen’s levels. His remarks come amid ongoing intervention threats by Japanese authorities.

TREE NEWS reports: Bank of Japan account data released on Thursday indicate that Japanese authorities did not conduct major intervention in the foreign exchange market on Wednesday to support the yen. The figures suggest the currency’s recent moves occurred without official market action, leaving traders to speculate on future policy steps.

TREE NEWS update: China’s Ministry of Commerce and three other departments announced the second list of 32 pilot cities for retail industry innovation and upgrading. The cities include Qinhuangdao, Baoding, Wuxi, Ningbo, Wenzhou, and others, with focus areas such as store-specific renovations, supply chain improvements, digital empowerment, and diversified innovation.

TREE NEWS reports: Brent crude oil broke above $96 per barrel, trading at $96.02. The price move reflects ongoing supply concerns and market sentiment. Analysts are watching for further volatility amid geopolitical tensions.

TREE NEWS reports: Eurozone producer prices surged 1.6% month-on-month in July, reversing a 0.3% decline in the previous month. The sharp rebound signals renewed inflationary pressure at the wholesale level, potentially influencing European Central Bank policy deliberations. Economists will watch for further data to assess the sustainability of this uptick.

TREE NEWS reports: Arthur Hayes, BitMEX co-founder, predicts EURJPY will fall from 185 to 140 or lower by June, citing U.S. Treasury Secretary Bessent’s strategy to sell euros and buy yen. Hayes argues this will trigger a sharp expansion in dollar liquidity as French bank stress forces Federal Reserve RMP purchases, potentially restarting the crypto bull market. He remains long bitcoin, ether, Ethena, and Ether.fi.

TREE NEWS update: Country Garden Holdings announced that its attributable contracted sales for August totaled approximately RMB2.28 billion, covering about 280,000 square meters of attributable contracted sales floor area. The figures reflect the developer’s ongoing sales performance amid a challenging property market.

TREE NEWS update: China and Kyrgyzstan have reached a consensus to deepen practical cooperation in trade and economy, including expanding trade scale, optimizing structure, and enhancing e-commerce and digital economy collaboration. The Chinese Ministry of Commerce signed a joint statement on services trade and investment agreement negotiations and an e-commerce cooperation memorandum with Kyrgyzstan, providing institutional support for bilateral cooperation.

TREE NEWS update: China’s Ministry of Industry and Information Technology and nine other departments issued the 15th Five-Year Plan for Promoting SME Development, which includes establishing the second phase of the National SME Development Fund to guide social capital towards early-stage, small, long-term, and hard-tech investments. The plan also strengthens support for SME listings, deepens the ‘Specialized, Refined, Distinctive, and Innovative’ board on regional equity markets, and promotes bond financing through a ‘tech board’.

TREE NEWS update: China’s Ministry of Industry and Information Technology and nine other agencies issued the 15th Five-Year Plan for Promoting SME Development, urging efficient use of government investment funds to channel more patient capital into seed- and early-stage small firms. The plan encourages entrepreneurship and explores applications in emerging industries such as new energy, robotics, quantum tech, and embodied AI, while supporting incubation and university science parks.

TREE NEWS update: China’s Ministry of Industry and Information Technology and nine other departments issued the 15th Five-Year Plan for Promoting SME Development, targeting 2030. Goals include a 15% cumulative rise in per-capita revenue of above-scale SMEs, 22,000 specialized ‘little giant’ firms, and 600 national SME industrial clusters. The plan emphasizes digital-intelligent and green transformation, improved services, and diversified financing channels.

TREE NEWS update: Spain has summoned Morocco’s ambassador to protest recent remarks by two Moroccan government ministers about Ceuta and Melilla, which Madrid called ‘unacceptable.’ The move, reported on September 3, underscores diplomatic tension over the Spanish enclaves in North Africa.

TREE NEWS update: The Shanghai Stock Exchange will enrich its cross-border ETF product lineup, including coverage of Middle East markets, and continue to improve two-way connectivity mechanisms, said Zhang Bin, director of its international cooperation department, at the Saudi Capital Markets Forum. Cross-border ETF assets under management exceeded 500 billion yuan as of end-August 2026, nearly eight times the level five years earlier.

TREE NEWS reports: The onshore yuan closed at 6.7181 per dollar at 16:30 Beijing time, up 38 pips from the previous official close and 12 pips from the overnight close. The move reflects modest dollar weakness in Asian trading.

TREE NEWS update: Iran claimed on Thursday it attacked US bases in the United Arab Emirates and Kuwait. The announcement marks an escalation in regional tensions, though no further details were provided.

TREE NEWS update: Russian President Vladimir Putin said on September 3 at the Eastern Economic Forum that Russia and Ukraine remain in contact, mainly through intelligence channels. However, given Kyiv’s recent statements, it is difficult to assess whether these contacts can lead to a peaceful resolution.

TREE NEWS update: On September 3, Chinese Vice Premier Ding Xuexiang co-chaired the 13th meeting of the China-Russia Investment Cooperation Committee in Vladivostok with Russian First Deputy Prime Minister Denis Manturov. The meeting focused on bilateral investment cooperation, marking the latest high-level exchange between the two governments.

TREE NEWS update: South Korea’s Ministry of Economy and Finance will convene a market assessment meeting on Friday. The meeting aims to review current financial market conditions and discuss responses to recent volatility. Details of the agenda have not been disclosed.