Flash News

TREE NEWS reports: Hong Kong stocks closed lower on Friday, with the Hang Seng Index down 0.39% and the Hang Seng Tech Index down 1.08%. Shein fell over 8%, while tech stocks mostly weakened, with NetEase and Alibaba each dropping over 2%.

TREE NEWS update: China handed over 300,000 doses of veterinary vaccines to Pakistan at a ceremony at the National Agricultural Research Centre in Islamabad on Tuesday, fulfilling a 2025 agreement. Coordinated by China’s Ministry of Agriculture and Rural Affairs, the vaccines target lumpy skin disease and brucellosis in cattle. The doses had already arrived in Islamabad.

TREE NEWS update: China’s National Disease Control and Prevention Administration said COVID-19 cases nationwide have declined for three consecutive weeks, while influenza remains at a low epidemic level. At a press conference, spokesperson Xi Jingjing noted that dengue and chikungunya are still circulating as mosquito vectors remain active in southern provinces. Intestinal infectious diseases are also at a relatively low level.

TREE NEWS update: China’s central bank reported that total assets of the financial industry stood at 562.2 trillion yuan (about $78 trillion) at the end of Q2 2026, up 7.7% year-on-year. Banking assets rose 6.6% to 497.98 trillion yuan, securities firms surged 29.8% to 20.37 trillion yuan, and insurance assets grew 11.8% to 43.86 trillion yuan.

TREE NEWS update: On September 3, the China-Shanghai Cooperation Organization Port Economic Cooperation Center was inaugurated in Tianjin. The center aims to promote port resource sharing and complementary advantages among SCO member states, supporting high-quality Belt and Road cooperation and the high-level opening-up of the Beijing-Tianjin-Hebei region.

TREE NEWS reports: The London Metal Exchange reported daily inventory changes: zinc stocks rose by 9,975 tonnes, lead fell by 2,775 tonnes, nickel increased by 1,920 tonnes, and copper added 800 tonnes. Tin decreased by 55 tonnes and aluminum by 250 tonnes.

TREE NEWS reports: The eurozone’s final composite PMI for August came in at 52.0, slightly below the preliminary reading of 52.1, indicating continued but moderating private sector growth. The figure remains above the 50 threshold, signaling expansion.

TREE NEWS reports: The Federal Reserve has been quietly conducting quantitative easing since February, buying $29 billion in Treasury bills in August and $344 billion over the past year. Balance sheet expansion continues despite net declines from MBS and longer-dated Treasury runoff. This year, the Fed has expanded its balance sheet by $90 billion, complicating inflation efforts.

TREE NEWS update: China’s National Disease Control and Prevention Administration announced policies providing free or subsidized influenza vaccination for key populations ahead of the autumn-winter flu season. The measures target the elderly, infants, chronic disease patients, and staff at schools and nursing homes to reduce severe illness and death risks.

TREE NEWS update: China will target 13-year-old girls for HPV vaccination under its national immunization program, an academician and chief physician at Peking Union Medical College Hospital. The decision balances HPV infection risk, vaccine efficacy, cost-effectiveness, and implementation feasibility, she said.

TREE NEWS update: China’s Foreign Ministry said it will work with all parties to identify and handle those affected by the Gyirong landslide disaster, which has killed 21 people. Spokesperson Guo Jiakun, responding to a question about whether foreign nationals were among the victims, said a press conference by the Tibet regional government had provided details and that China would assist in verification and follow-up work.

TREE NEWS reports: The Bank of Japan is leaning toward raising its benchmark interest rate by 25 basis points this month to address upside inflation risks. Officials will discuss the hike and see inflation risks as tilted to the upside, with rising services prices and a weak yen strengthening the case. A 50bp move is unlikely as the economy is broadly in line with expectations.

TREE NEWS update: A kickoff meeting for the national standard “Intelligent Computing: Supercomputing Internet Platform Application Packaging Requirements” (plan no. 20263483-T-469) was held, clarifying the division of work and timeline for public comment. The standard will cover classification of application packaging types, naming conventions, and testing procedures, marking the first national-level specification for computing network application packaging.

TREE NEWS update: Foreign Ministry spokesman Guo Jiakun said China-Venezuela cooperation is protected by international and domestic law and is not related to, nor should it be interfered with by, third parties. He stressed that China’s legitimate rights and interests in Venezuela must be protected, responding to a question at a regular press conference.

TREE NEWS update: China’s Foreign Ministry spokesperson Guo Jiakun said on Friday that the Xisha Islands are inherent Chinese territory with no dispute, responding to a Vietnamese Foreign Ministry statement claiming sovereignty over the islands. China’s necessary construction on its own territory is within its sovereignty, and Vietnam has no right to comment, he added.

TREE NEWS update: China’s Ministry of Industry and Information Technology said today (3rd) that power batteries are key to green, low-carbon transition and achieving carbon peaking and neutrality goals. The country has established a globally leading power battery industry system.

TREE NEWS reports: Kazakhstan’s August oil and gas condensate production rose 11% from July. The increase follows a rebound in output from the Caspian Pipeline Consortium’s system after maintenance. No official figures were provided.

TREE NEWS update: Hunan province issued a 5-year special local bond for land reserves on [date], raising 1.458 billion yuan at a coupon rate of 1.46%. The bond saw a marginal multiple of 1.90 times, exceeding the expected 1.46 times, indicating robust investor demand.

TREE NEWS reports: Italy’s services PMI jumped to 55.2 in August from 52.5 in July, indicating accelerated expansion in the sector. The reading, released on Tuesday, marks the strongest growth in recent months, driven by robust business activity and new orders.

TREE NEWS update: Italy’s composite PMI rose to 53.6 in August, up from 52.5 in the previous month, indicating continued expansion in the private sector. The reading, released today, points to sustained growth in both manufacturing and services activity.