Flash News

TREE NEWS update: The Agricultural Development Bank of China has pre-arranged 200 billion yuan in dedicated credit for this year’s autumn grain purchases. The bank said autumn grain accounts for roughly three-quarters of China’s annual grain output, making the credit work significant. It recently held a 2026 autumn grain purchase credit work meeting to assess production and purchasing conditions and to deploy the related lending.

TREE NEWS reports: Ukraine has contacted the United States and SpaceX over internet restrictions, saying SpaceX is limiting its military’s use of terminals. The Ukrainian side raised the issue with both the U.S. government and the company. No further details on the scope of the restrictions or the response from SpaceX were given.

TREE NEWS update: The 17th meeting of the China-EU Science and Technology Cooperation Steering Committee was held in Beijing on October 13, 2026. Zhu Xuehua, Director-General of the Department of International Cooperation at China’s Ministry of Science and Technology, and Maria Cristina Russo, Deputy Director-General of the European Commission’s Directorate-General for Research and Innovation, co-chaired as the two sides’ heads. The meeting reviewed progress on the China-EU flagship research and innovation cooperation program, inter-agency cooperation and researcher exchanges, and discussed next steps.

TREE NEWS reports: Main-force funds sold a combined roughly 4.77 billion yuan of four Chinese AI hardware names, led by optical module maker Zhongji Innolight with 1.714 billion yuan of net selling and Eoptolink with 1.480 billion yuan. GigaDevice and ChangXin Memory were also among the top main-force net sellers. Across the market, 126 stocks saw net outflows above 100 million yuan versus 61 with net inflows above that level.

TREE NEWS update: Changan Automobile said on October 14 that it will adhere to compliant operations and open cooperation as it steadily advances its European market business layout. In a statement on the consensus reached in China-EU auto trade consultations, the company said it will follow a localized “in Europe, for Europe” development approach and continue improving product competitiveness and overseas compliance capabilities.

TREE NEWS update: Changan Automobile said on October 14 that it will persist in compliant operations and open cooperation as it advances its business layout in the European market step by step. In a statement on the consensus reached in China-EU auto trade consultations, the company said it will pursue a localized development approach of “in Europe, for Europe” and continue to enhance its product competitiveness and overseas compliance capabilities.

TREE NEWS update: Changan Automobile stated on October 14 that it will uphold compliant operations and open cooperation as it advances the phased expansion of its business in the European market. In a statement regarding the agreement reached in China-EU auto trade negotiations, the company said it pursues a localized development approach of “in Europe, for Europe” and will continue to strengthen product competitiveness and overseas compliance capabilities.

TREE NEWS update: Shanghai Party Secretary Chen Jining met with Bosch Group chairman Christian Fischer in Shanghai, urging the German industrial group to align its strategy more closely with the city’s industrial layout. Chen named industrial intelligent transformation, industrial robotics, energy saving and carbon reduction, and support for Chinese firms going global as areas for deeper cooperation, and pledged a market-oriented, law-based, international business environment.

TREE NEWS update: Russian Deputy Prime Minister Alexander Novak said Russia will supply diesel to the United States and global markets, with the first export cargoes already being shipped. Russia could raise diesel exports to 3.5 million tonnes per month by the end of the year, Novak said.

TREE NEWS update: A container ship was struck by an unidentified projectile while leaving the Strait of Hormuz, the UK Maritime Trade Operations office said on the 14th. The vessel sustained minor damage and was able to continue its voyage, with no casualties reported on board.

TREE NEWS reports: The United Kingdom Maritime Trade Operations (UKMTO) announced on the 14th that a container ship was hit by an unidentified projectile as it was leaving the Strait of Hormuz. The vessel sustained minor damage, was able to continue its voyage, and no casualties on board have been reported.

TREE NEWS reports: The United Kingdom Maritime Trade Operations (UKMTO) announced on the 14th that a container ship was struck by an unidentified projectile while exiting the Strait of Hormuz. The vessel sustained minor damage and was able to continue its voyage, with no casualties reported on board.

TREE NEWS reports: Morgan Stanley reported third-quarter net revenue of $20.34 billion, topping the $19.89 billion estimate, with earnings per share of $3.03. Net interest income came in at $3.25 billion versus $27.8 billion expected. Equity sales and trading revenue reached $5.80 billion and FICC sales and trading $2.01 billion, while wealth management net revenue of $9.07 billion slightly missed the $9.11 billion estimate. The bank’s shares fell 0.5% in premarket trading.

TREE NEWS update: Morgan Stanley reported third-quarter net revenue of $20.34 billion, beating estimates of $19.89 billion. Earnings per share were $3.03. Net interest income came in at $3.25 billion, falling short of the $27.8 billion estimate. Equity sales and trading revenue reached $5.8 billion, while FICC sales and trading totaled $2.01 billion. Wealth management net revenue came in at $9.07 billion, slightly below the $9.11 billion estimate. The bank’s shares fell 0.5% in premarket trading.

TREE NEWS update: Maxwell Technologies announced it will commit RMB100 million as a limited partner to the Guangzhou Zhongxing Lixin Venture Capital Fund, accounting for 11.3636% of the fund’s RMB880 million current subscription scale. Chairman Zhou Jian will also subscribe RMB100 million as a limited partner, making the investment a related-party transaction. The fund targets unlisted hard-tech and frontier companies in next-generation electronics, display technology, integrated circuits, new energy and storage, and new materials.

TREE NEWS reports: China’s nationwide box office for October 2026 surpassed 1.5 billion yuan. “Shen Tan Zhi Hen Ji,” “What Do You Mean, Couple” and “Resident Evil: Outbreak Night” took the top three spots on the month’s box office chart. No further figures were disclosed.

TREE NEWS update: A domestically developed extreme ultraviolet (EUV) light source prototype, billed as the most advanced publicly shown in China, debuted at the 26th China International Industry Fair in Shanghai. Staff at the Landau Suiyan booth said the system is 90% localized, with most core components independently developed and a technical route matching leading international vendors, and can be used for chip exposure testing. Mass production is still 3-5 years away.

TREE NEWS update: The 15th trilateral meeting of the central bank governors of China, Japan and South Korea was held in Bangkok, chaired by Bank of Korea Governor Shin Hyun-song, with People’s Bank of China Governor Pan Gongsheng and Bank of Japan Governor Kazuo Ueda attending. The governors exchanged views on recent economic and financial conditions. The 16th meeting will be hosted by the People’s Bank of China in 2027.

TREE NEWS reports: The 15th trilateral meeting of the central bank governors of China, Japan, and South Korea was held in Bangkok, chaired by Bank of Korea Governor Shin Hyun-song, with People’s Bank of China Governor Pan Gongsheng and Bank of Japan Governor Kazuo Ueda in attendance. The governors exchanged views on recent economic and financial conditions. The 16th meeting will be hosted by the People’s Bank of China in 2027.

TREE NEWS reports: US mortgage application activity fell 2.7% week over week in the week ended October 9, 2025. The prior week’s reading was a decline of 4.2%, meaning the pace of contraction slowed from the previous period.