Flash News

TREE NEWS update: China’s General Office of the Communist Party Central Committee and the General Office of the State Council issued an opinion on deepening the integration of technological and industrial innovation, calling for the full implementation of the “AI Plus” initiative. The document, dated Oct. 21, directs that AI be used to empower all sectors of the economy, alongside accelerated development of the industrial internet and upgrades to traditional manufacturing.

TREE NEWS update: The General Offices of the CPC Central Committee and the State Council issued an opinion on deepening the integration of technological and industrial innovation, proposing relaxed market-access pilots in new business formats and new fields, including a ‘commitment-to-entry’ system. The document also calls for sandbox regulation of new technologies and improved laws and ethical standards in frontier areas such as artificial intelligence and biotechnology.

TREE NEWS update: China’s General Office of the Communist Party Central Committee and the General Office of the State Council issued a joint opinion on deepening the integration of technological and industrial innovation, calling for decisive breakthroughs in core technologies in key fields including integrated circuits, industrial mother machines, high-end instruments, advanced materials and biomanufacturing. The document urges efforts to raise the self-reliance and controllability of industrial chains through critical technology breakthroughs and to intensify research on basic components, key software, materials and advanced processes.

TREE NEWS update: China’s General Office of the Communist Party of China Central Committee and the General Office of the State Council issued an opinion on deepening the integration of technological and industrial innovation. The document calls for strengthening basic research and disruptive technology identification, advancing strategic emerging industries including new energy, new materials and aerospace, and exploring multiple technology routes in frontier fields such as quantum technology, biomanufacturing, hydrogen and nuclear fusion, brain-computer interfaces, embodied intelligence and 6G to commercialize future industries.

TREE NEWS update: Industrial and Commercial Bank of China President Liu Jun said digital technology is reshaping how monetary trust is generated, with data, algorithms and programmability now participating in credit creation, but “technology can only reinforce trust, not replace it.” Speaking on the active global development of digital currencies from stablecoins and crypto assets to central bank digital currencies, Liu said a digital currency qualifies as money not by its algorithm design but by how its credit is supported, redeemed and how responsibility is enforced.

TREE NEWS update: The UK High Court has granted roughly 16,000 Chinese victims the right to appeal its Oct. 12 ruling that Chinese law governs property rights over more than 60,000 bitcoin tied to the Qian Zhimin case. The court held a fresh hearing four days after that decision, and lawyers also discussed litigation costs from the choice-of-law dispute and whether the individual claimants would continue their pursuit or withdraw.

TREE NEWS update: The China Securities Regulatory Commission will accelerate efforts to improve the product system of the Beijing Stock Exchange and increase the supply of public mutual funds, aiming to balance investment and financing, the regulator said at the 2026 Financial Street Forum annual meeting. The plan targets a more complete lineup of products on the exchange and greater participation by public funds.

TREE NEWS update: China’s Ministry of Industry and Information Technology will prudently advance pilot programs for smart connected vehicle market access and road testing while steadily expanding application scenarios, Vice Minister Xin Guobin said on May 21. The ministry said the country’s smart connected vehicle industry has achieved phased results and will deepen cross-sector collaboration and accelerate large-scale demonstrations of key autonomous driving scenarios.

TREE NEWS update: China’s Foreign Ministry said on Oct. 21 that its export controls on Japan are intended to stop Tokyo’s “remilitarization” and nuclear ambitions, after a reporter asked about Japan’s depleting yttrium reserves. Spokeswoman Mao Ning said the controls are implemented in accordance with laws and regulations, and that China’s position on maintaining stable global supply chains for critical minerals remains unchanged. She added that all parties have a responsibility to play a constructive role.

TREE NEWS update: China’s Ministry of Industry and Information Technology issued an implementation plan for a dual-control carbon emissions system covering the industrial and IT sectors from 2026 to 2030, targeting the construction of about 500 national-level zero-carbon factories and zero-carbon computing facilities by 2030. The plan sets goals to strengthen carbon emissions management for key industries, industrial enterprises and parks during the 15th Five-Year Plan period, and to establish basic carbon accounting, evaluation and assessment systems.

TREE NEWS update: The 15th China International Patent Technology and Product Fair will be held Nov. 6-8 at the Taihu International Expo Center in Wuxi, Jiangsu, the National Intellectual Property Administration said. Hosted by the administration under the theme “Patent Chains Connect Innovation, Transformation Releases Value,” the event is described as China’s highest-specification, most professional and most influential exhibition in the intellectual property field.

TREE NEWS update: China’s digital yuan infrastructure service system has been fully upgraded, the National Energy Administration-adjacent announcement said, without disclosing technical details or a timeline. The upgrade covers the e-CNY ecosystem’s underlying infrastructure. No figures on transaction volume or participating institutions were provided.

TREE NEWS update: European Central Bank chief economist Philip Lane said Wednesday the ECB can strengthen the euro’s global standing and extend the reach of its monetary policy by providing liquidity safety nets to foreign countries. He said demand for the ECB’s recently expanded euro liquidity facilities has been strong, with more than 30 central banks expressing interest.

TREE NEWS update: Binance is seeking US regulatory approval to launch a prediction market business, the company confirmed. The move would mark an expansion by the crypto exchange into event-based trading in the American market, subject to approval by US authorities. No timeline or specific regulator was disclosed.

TREE NEWS update: China’s Digital Yuan Operations Management Center on Oct. 21 announced a full upgrade of its digital yuan infrastructure service system, launching two core components: the central bank-side Digital Currency Electronic Payment System (DCEPS) and the e-CNY SMART Contract ecosystem service framework. The center disclosed the two deliverables as part of the broader infrastructure rollout.

TREE NEWS update: China Securities Regulatory Commission will issue innovation evaluation standards for the Beijing Stock Exchange to more precisely identify innovative small and medium-sized enterprises, Shang Qingjun, a first-level inspector at the CSRC’s public company supervision department, said at the 2026 Financial Street Forum annual meeting. The regulator will also strengthen the National Equities Exchange and Quotations’ standardization and cultivation functions, improve its tiered management, and enhance the brand effect and innovation attributes of its innovation tier.

TREE NEWS update: Shang Qingjun, a first-level inspector at the CSRC’s public company supervision department, said at the 2026 Financial Street Forum that regulators will promote reasonable pricing of new listings on the Beijing Stock Exchange and keep pushing for inquiry-based issuance cases to be implemented. The remarks signal continued regulatory focus on the pricing mechanism for BSE IPOs.

TREE NEWS update: Crypto exchange MEXC said it will stop providing services to users in Russia and Belarus to comply with global compliance requirements. Affected users will be notified individually with a timeline and process for closing positions and withdrawing assets, while users who receive no notice are unaffected and may continue under the terms of service. MEXC said user assets remain safe and warned against phishing links and impersonation accounts.

TREE NEWS reports: Bitmine has staked 159,728 ETH valued at $390 million. Separately, the Blockchain Association and six blockchain organizations called on the SEC to clarify standards for token decentralization and the definition of digital commodities, while JPMorgan added bitcoin to its long-term return forecasts for the first time. Cboe also expanded options trading hours to cover stocks including Robinhood and Nvidia and major ETFs.