Flash News

TREE NEWS update: Shenzhen’s Housing Provident Fund Center has drafted a notice allowing employee families to withdraw provident fund savings for home renovation, with a cap of 250,000 yuan per household for one owned home in the city. The draft, issued for public comment, also permits withdrawals of up to 550 yuan per month to pay property management fees for one owned home.

TREE NEWS reports: The EU is heading into winter facing a natural gas supply shortage that could affect the energy needs of more than 10 million households, the US-based Institute for Energy Economics and Financial Analysis said in an October 9 report. Europe’s gas transmission system operators association warned on October 8 that a severe winter could push EU storage levels down to 11%, hitting the floor for strategic reserves. Restoring storage to 30% by winter’s end would require cutting supply equal to 7% of demand or halting deliveries to consumers.

TREE NEWS reports: Bundesbank executive board member Michael Theurer said the recent European bond selloff is a “clear warning signal” that investors are nervous about governments’ efforts to control debt. “There is currently no systemic sovereign debt crisis, but the risks have risen significantly,” Theurer said, citing France and the United States as sources of fiscal and political uncertainty affecting government bond markets.

TREE NEWS update: China’s Vice Minister of Finance Liao Min met Goldman Sachs President and Chief Operating Officer John Waldron in Beijing on the afternoon of October 9, 2026. The two sides exchanged views on China-US economic and trade relations and the macroeconomic situation of both countries.

TREE NEWS update: Chinese Finance Minister Liao Min met with Goldman Sachs President and Chief Operating Officer (COO) John Waldron in Beijing on the afternoon of October 9, 2026. The two sides exchanged views on U.S.-China economic and trade relations and the macroeconomic situations of both countries.

TREE NEWS reports: China’s Finance Minister Liao Min met with Goldman Sachs President and Chief Operating Officer (COO) John Waldron in Beijing on the afternoon of October 9, 2026. The two sides exchanged views on U.S.-China economic and trade relations and the macroeconomic situations of both countries.

TREE NEWS update: China’s Finance Minister Liao Min met with Goldman Sachs President and Chief Operating Officer (COO) John Waldron in Beijing on the afternoon of October 9, 2026. The two sides exchanged views on U.S.-China economic and trade relations and the macroeconomic situations of both countries.

TREE NEWS reports: Chinese Finance Minister Liao Min met with Goldman Sachs President and Chief Operating Officer (COO) John Waldron in Beijing on the afternoon of October 9, 2026. The two sides exchanged views on U.S.-China economic and trade relations and the macroeconomic situation of both countries.

TREE NEWS update: China’s State Administration for Market Regulation said the average review time for simplified merger control cases has fallen to 18.6 days, down from 39.9 days in 2014, as the simplified review system marked 12 years in operation. Nearly 89% of unconditionally approved cases this year went through the simplified procedure, the regulator said.

TREE NEWS update: China’s State Administration for Market Regulation said it will maintain fair competition in the delivery aggregation platform services market and guard against ‘involution-style’ competition, deputy director of the regulator’s second antitrust bureau, speaking at a briefing on Friday. The authority said it will continue its review of the case, protect the rights of small merchants and riders, and keep using public hearing mechanisms for key cases.

TREE NEWS reports: China’s autumn grain harvest has passed the halfway mark nationwide, the Ministry of Agriculture and Rural Affairs said in its latest crop-progress report. By region, the southwest is 75% complete, the middle and lower Yangtze 50%-plus, the Huang-Huai-Hai plain over 60%, the northwest 55% and the northeast 35%.

TREE NEWS reports: China’s autumn grain harvest has passed the halfway mark nationwide, according to the latest crop progress report from the Ministry of Agriculture and Rural Affairs. By region, the southwest is 75% complete, the middle and lower reaches of the Yangtze River over 50%, the Huang-Huai-Hai Plain over 60%, the northwest 55%, and the northeast 35%.

TREE NEWS update: China Energy Conservation Solar Energy’s 100MW Baqing solar project with 20MW/80MWh of grid-forming storage has been filed in Baqing County, Nagqu, Tibet, the company’s first integrated solar-storage development in the region’s high-altitude zone. The storage is sized at 20% of installed capacity with a four-hour duration, alongside a 100MW photovoltaic plant near Meipatong Reservoir.

TREE NEWS update: The CECEP Baqing 100MW photovoltaic + grid-forming energy storage project has recently successfully completed filing, marking CECEP Solar’s zero-to-one breakthrough in the development of integrated solar-storage projects in high-altitude regions of Tibet. The project is located around the Meipatang Reservoir in Baqing County, Nagqu City, and is planned to build a 100-megawatt photovoltaic power station, equipped with 20MW/80MWh grid-forming energy storage facilities. The energy storage ratio reaches 20% of the installed capacity, with a storage duration of 4 hours.

TREE NEWS update: Xpeng announced on October 10 that the company has been elected secretary-general of the newly established Task Force on Exchange of Safety-Relevant Information (TF-ESRI) under the UNECE GRVA/WP.29 framework. It is the first time a Chinese company has held a secretary-general post within the UN’s core autonomous driving regulatory framework. Xpeng said the role recognizes its intelligent driving capabilities and long-term work on regulatory standards.

TREE NEWS update: Xpeng announced on October 10 that it has been elected secretary-general of the newly established Safety-Related Information Exchange Task Force (TF-ESRI) under the framework of UNECE GRVA/WP.29. This is the first time a Chinese company has held a secretary-general position within the UN’s core autonomous driving regulatory framework. Xpeng said the role recognizes the company’s intelligent driving capabilities and its long-term commitment to regulatory standards.

TREE NEWS update: On October 10, Xpeng announced that the company has been elected Secretary-General of the newly established Task Force on Exchange of Safety-Related Information (TF-ESRI) under the UNECE GRVA/WP.29 framework. This is the first time a Chinese company has assumed the Secretary-General position within the core UN autonomous driving regulatory framework. Xpeng stated that this role is a recognition of the company’s intelligent driving capabilities as well as its long-term efforts toward regulatory standards.

TREE NEWS reports: On October 10, XPeng announced that it has been elected Secretary-General of the newly established Task Force on Exchange of Safety-Related Information (TF-ESRI) under the UNECE GRVA/WP.29 framework. This marks the first time a Chinese company has assumed the Secretary-General role within the UN’s core autonomous driving regulatory framework. XPeng stated that this role recognizes its intelligent driving capabilities and long-term efforts in regulatory standards.

TREE NEWS reports: In Shenzhen’s new home market, pre-registrations for new housing projects launched for sale between October 1 and October 7 rose 78.5% year-on-year, with many projects kicking off sales or replenishing supply during the National Day holiday. Second-hand home transactions also increased, and viewing activity was brisk. A project in Nanshan District offered a 10% discount and fixed-price homes to attract buyers.

TREE NEWS reports: Shenzhen’s new-home market saw pre-sale subscriptions for new commodity residential units rise 78.5% year-on-year from Oct 1 to Oct 7, with several projects launching or adding units during the National Day holiday. Second-hand home signings also increased as viewing activity picked up. One Nanshan district project offered 10% discounts and fixed-price units to draw buyers.