Flash News

TREE NEWS update: China’s Vice Commerce Minister Ling Ji and his EU counterpart, Deputy Director-General Denis Redonnet of the European Commission’s trade and economic security department, held trade consultations in Beijing from August 31 to September 2. The talks prepared for the second meeting of the China-EU Trade and Investment Consultation Mechanism.

TREE NEWS update: The US Department of Justice issued a legal opinion on April 2 requiring states receiving federal welfare funds to expand reporting of undocumented immigrants to the Department of Homeland Security, or face funding cuts. The move pressures states to cooperate with federal immigration enforcement, extending reporting duties to agencies like motor vehicle departments and state universities. At least 19 states and Washington, DC, currently allow undocumented immigrants to obtain driver’s licenses.

TREE NEWS update: China’s National Disaster Prevention and Reduction Committee and the Ministry of Emergency Management, in a multi-department consultation, forecast that 2-3 typhoons will make landfall or significantly affect China in September 2026, more than the usual annual average. The typhoons are expected to be stronger, moving northwestward or westward, mainly impacting eastern and southern coastal areas, with a possibility of a stronger typhoon affecting northern regions.

TREE NEWS update: Key global data and events today (Beijing time) include India, France, Germany, Eurozone, UK August PMIs, Swiss CPI, Eurozone July PPI, US initial jobless claims, trade balance, Q2 productivity, ISM services, and Fed speakers Waller, Hammack, Goolsbee. Tesla holds its Cybercab event. BOE’s Pill speaks. Times range from 13:00 to next day 03:55.

TREE NEWS update: Shanghai Composite rose 0.43% by midday, led by cultivated diamond and shipping stocks. Hang Seng was flat, Hang Seng Tech fell 0.6%, Hang Seng Biotech gained nearly 1%. China’s August RatingDog services PMI rose to 51.4, with employment growing for four straight months. Uber plans to cut about 10% of global staff.

TREE NEWS update: The Xinjiang Production and Construction Corps sold 45.3 billion yuan of local government bonds on [date], including general and special-purpose debt with maturities of 5 to 15 years. Coupon rates ranged from 1.46% to 2.09%, with marginal multiples indicating strong demand for longer-dated issues.

TREE NEWS reports: Beijing’s Xinfadi market saw average egg prices of 10.14 yuan/kg in August, up 9% from July and 50% year-on-year, the highest for the period in three years. National layer farming remained profitable at about 1.2 yuan per jin, up 0.2 yuan from the previous month. Experts attribute the rise to increased purchases by food processors ahead of the Mid-Autumn Festival, boosting consumption by about 2%.

TREE NEWS update: A two-day symposium on antitrust enforcement to protect businesses was held in Dalian, Liaoning province, on September 2-3. Officials reviewed progress and set next steps, emphasizing the fight against ‘involutionary’ competition to build a unified national market and ensure fair competition.

TREE NEWS update: China’s Ministry of Emergency Management and Ministry of Transport have jointly dispatched 40 roadbed boxes and other key road reinforcement equipment from the national regional highway emergency equipment reserve in Changji, Xinjiang, to support Gyirong, Tibet. The move follows an emergency coordination mechanism between the two ministries.

TREE NEWS update: China will accelerate construction of a project library for its ‘Six Networks’ initiative, improving information sharing with financial institutions for efficient ‘investment-loan linkage’. The government will publicize attractive projects to encourage participation by diverse entities, leverage government investment, and improve pricing and support policies to drive business model innovation.

TREE NEWS update: Japan’s 30-year government bond auction drew a bid-to-cover ratio of 3.79, surpassing the 12-month average of 3.52. The auction reflects steady demand for long-dated JGBs amid ongoing monetary policy expectations.

TREE NEWS reports: Shanghai Composite rose 0.43% to 3,958.19 points at midday, while Shenzhen Component gained 0.39% to 13,664.14. ChiNext added 0.43%, CSI 300 rose 0.51%, but STAR 50 slipped 0.04%. CSI 500 and CSI 1000 also advanced.

TREE NEWS update: Chinese equities traded mixed at midday on Tuesday, with the Shanghai Composite up 0.43%, Shenzhen Component up 0.39%, and ChiNext up 0.43%. Cultivated diamond and shipping sectors rallied, with stocks like Huanghe Whirlwind and COSCO Shipping Energy hitting limit-up. However, over 3,000 stocks fell across the three bourses, and turnover reached 1.11 trillion yuan in the morning session.

TREE NEWS reports: China’s treasury bond futures closed higher in the morning session, with the 30-year main contract rising 0.35%, the 10-year up 0.09%, the 5-year up 0.04%, and the 2-year up 0.02%.

TREE NEWS reports: From July 1 to September 1, the Mohan railway port on the China-Laos Railway processed 57,000 passenger entries and exits from 72 countries, up over 51% year-on-year. Daily peak crossings exceeded 1,100, a record high.

TREE NEWS update: Chongqing has issued a 10-year general local government bond totaling 11.8724 billion yuan with a coupon rate of 1.7400%. The marginal multiple was 2.12 times, exceeding the expected 1.74 times. Additionally, the municipality issued 10-year and 20-year special bonds of 1.03 billion and 3.989 billion yuan respectively, with rates of 1.7400% and 2.2500%.

TREE NEWS reports: Japan’s 10-year government bond yield broke above 3% this week, the highest since September 1996, as markets price a 25bp BOJ rate hike in September. US Treasury Secretary Bessent warned of forced unwinds if yen moves turn disorderly, while analysts see carry-trade unwinding risk as manageable. Japan holds over $1 trillion in US Treasuries, raising concerns about capital repatriation.

TREE NEWS update: Brazil’s Congress passed a critical minerals bill granting the government greater power to review mining transactions. Brazil holds the world’s second-largest rare earth reserves after China, along with other key minerals for smartphones, EVs, and military drones. President Lula, who pushed the legislation as part of his sovereignty-focused agenda, argues Brazil should process more minerals domestically to retain value.

TREE NEWS reports: Turnover across the Shanghai, Shenzhen and Beijing stock exchanges surpassed 1 trillion yuan on Wednesday, shrinking by nearly 130 billion yuan compared with the same time the previous day. Full-day turnover is projected to reach only about 1.6 trillion yuan, indicating reduced trading activity.

TREE NEWS reports: The MSCI Asia Pacific Index advanced 1% to 277.23 points, reflecting broad gains across regional markets. The move comes amid improved investor sentiment, though specific drivers were not detailed in the report.