Flash News

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: Japan’s Prime Minister Sanae Takaichi said in a policy speech to an extraordinary Diet session that the security environment around Japan is complex and severe, and that the three national security documents will be revised before the end of the year to fundamentally strengthen defense capabilities. Reports also say the government is considering including discussion of introducing nuclear-powered submarines in the revision.

TREE NEWS update: Japanese Prime Minister Sanae Takaichi stated in a policy speech at an extraordinary session of the Diet that the security environment around Japan is complex and severe, and that the government will revise its three national security documents within the year in order to fundamentally strengthen its defense capabilities. There are also reports that the government is considering including discussions on the introduction of nuclear-powered submarines in the revision.

TREE NEWS update: China’s Ministry of National Defense said it is willing to work with the United States to implement the important consensus reached by the two countries’ heads of state, in a statement carried by CCTV News. No further details were disclosed.

TREE NEWS reports: The Ministry of National Defense stated that China is willing to work with the United States to implement the important consensus reached by the two heads of state. The statement did not disclose further details.

TREE NEWS reports: The Chinese Ministry of National Defense said it is ready to cooperate with the United States to implement the important consensus reached between the heads of state of the two countries, according to a statement reported by CCTV News. No further details were disclosed.

TREE NEWS update: Talks between Ukraine, the United States and European countries in Miami ended early, with negotiations scheduled for the following day cancelled, Ukrainian sources said on October 10. US special envoy Witkoff said on social media on October 9 that representatives of the three sides met in Miami, Florida, for “constructive” discussions on easing the Russia-Ukraine situation before winter, ending the conflict and achieving a lasting peace.

TREE NEWS reports: Bitcoin has logged 10 “3-sigma” extreme volatility days so far in 2026 — sessions where the daily move exceeded three times its 30-day realized volatility — surpassing the eight recorded in all of 2018. Yet the asset’s annualized volatility has fallen to about 46% from roughly 84% in 2018, and the average size of those extreme moves has narrowed to about 7% from about 10%. Since 2024, Bitcoin has seen 26 such days, more than Nvidia, the S&P 500 and gold.

TREE NEWS update: The Beijing Municipal People’s Government issued a plan to deepen its international consumption center city development during the 15th Five-Year Plan period, calling for deeper integration of AI into consumption. The plan aims to expand digital product consumption by increasing effective supply of next-generation intelligent terminals including AI phones and computers, smart wearables and intelligent robots. It also encourages using AI to assist in creating drama, music, dance, art and immersive experiences, and to boost ultra-high-definition broadcast and online audiovisual content.

TREE NEWS update: China’s first million-kilowatt solar-thermal project connected to the grid in Gonghe County, Qinghai Province, state media reported. The 1,000 MW facility combines a 900 MW photovoltaic plant with a 100 MW molten-salt tower concentrated solar power unit. It is expected to generate an average of 2.2 billion kWh annually, saving about 690,000 tons of standard coal and cutting roughly 2.07 million tons of CO2 emissions per year, while improving local grid peak-shaving and renewable energy absorption.

TREE NEWS update: ASML notified Samsung and SK Hynix in early last month through its Korean subsidiary that prices for all components of its EUV and DUV lithography machines would rise 10%, a move confirmed after negotiations between the companies’ procurement teams. The increase covers consumable parts bought on a regular basis as well as core components replaced due to failure or performance degradation, including optical systems, light sources and precision drive units. Both Korean chipmakers accepted the higher prices.

TREE NEWS update: The Beijing Municipal People’s Government issued a plan for deepening its international consumption center city construction during the 15th Five-Year Plan period, which includes increasing efforts to promote new energy vehicles. The plan also calls for improving the used-car circulation system, promoting convenient transactions and standardized, scaled market development, and orderly developing aftermarket consumption such as vehicle modification, leasing, racing and RV camping.

TREE NEWS reports: Baiyun Airport port processed more than 100,000 inbound and outbound passenger and cargo flights between January 1 and October 9 this year, up 12.3% year on year to a record high for the period. The figure reflects the continued upgrading of the Guangdong-Hong Kong-Macao Greater Bay Area’s international aviation hub capacity.

TREE NEWS update: China’s Commerce Minister Wang Wentao and EU Commissioner for Trade and Economic Security Maroš Šefčovič co-chaired the second meeting of the China-EU Trade and Investment Consultation Mechanism in Beijing on October 8-9. The two sides held equal, professional and constructive talks on trade and investment balance, export controls, intellectual property and WTO reform, reviewing progress since the mechanism’s first meeting and reaching consensus on outcomes.

TREE NEWS update: Several Hong Kong banks have launched limited-time high-yield deposit products. CCB Asia offers VIP wealth-management clients a preferential time-deposit rate of up to 8.88%, while new customers opening accounts via mobile can get 5.88% on renminbi or Hong Kong dollar time deposits. Ping An Digital Bank offers eligible users a one-month HKD time deposit at up to 18%.

TREE NEWS reports: Average airfare paid on Chinese routes fell more than 30% between Oct. 10 and Oct. 31 compared with the National Day holiday period. With tourist volumes dropping after the break, fares on multiple routes have fallen below high-speed rail ticket prices.

TREE NEWS reports: China Automotive Technology and Research Center (CATARC) has urgently sent a survey to major automakers on the materials used in brake pedal assemblies, with a focus on non-metallic materials, media reports said. The move is widely seen in the industry as preparation for regulatory revisions. Checks with CATARC and several mainstream carmakers on Oct. 10 drew no response as of publication.

TREE NEWS update: People’s Bank of China Governor Pan Gongsheng met with Emmanuel Bonne, diplomatic adviser to the French president, on October 9. The two sides exchanged views on the current economic and financial situation and on China-France economic and financial cooperation. No further details of the meeting were disclosed.

TREE NEWS reports: China’s software and information technology services industry posted revenue of 10.282 trillion yuan in the first eight months of the year, up 8.8% year on year, according to data from the Ministry of Industry and Information Technology. The ministry described the sector’s operating conditions over the period as sound.

TREE NEWS update: China’s Ministry of Human Resources and Social Security said on October 10 that the country will train 1 million high-level and urgently needed professional technical personnel each year during the 15th Five-Year Plan period. Vice Minister Li Zhong said the plan targets 50 million subsidized vocational skills training sessions and 40 million new skill certificates, including 14 million at senior technician level or above.