Flash News

TREE NEWS update: China and the EU reached an understanding on hybrid vehicle trade in a manner consistent with WTO rules, following intensive consultations at the second meeting of their trade and investment consultation mechanism. Both sides recalled the guidance document on price undertakings in the EU’s anti-subsidy case against Chinese electric vehicles, and will continue the company-specific price undertaking and review procedures in that case.

TREE NEWS update: China and the EU held the second meeting of their Trade and Investment Consultation Mechanism in Beijing on October 8-9, 2026, with Commerce Minister Wang Wentao and EU Trade and Economic Security Commissioner Maros Sefcovic leading the talks. The two sides agreed to hold the mechanism’s third meeting in March 2027 and to maintain close communication in the interim, including a ministerial video conference in January.

TREE NEWS update: China’s Ministry of Commerce published implementation rules for 2027 import tariff quotas on sugar, wool and wool tops under Announcement No. 46 of 2026. The 2027 sugar import tariff quota totals 1.945 million tonnes, of which 70% is reserved for state trading. The wool import tariff quota is set at 287,000 tonnes and the wool tops quota at 80,000 tonnes.

TREE NEWS reports: US and Russian officials have discussed commercial energy cooperation, including bringing American investors into the Nord Stream pipeline project, five people familiar with the matter said. Talks involved Russian presidential special representative Dmitriev and US President Trump’s son-in-law Kushner. The discussions also covered introducing Middle East capital to acquire Russian oil assets.

TREE NEWS reports: The term premium, the extra yield investors demand for holding 10-year US Treasuries instead of rolling short-term securities, has surged over the past few weeks to levels not seen in more than a decade. The move has driven a fresh bond selloff that pushed Treasury yields to a 24-year high, fueling concern that the battered bond market may face further structural pressure and keep borrowing costs elevated across the economy.

TREE NEWS update: People’s Bank of China Governor Pan Gongsheng met with Goldman Sachs President and Chief Operating Officer John Waldron, the central bank said. The two sides exchanged views on the global economic and financial situation and China’s macroeconomic policy. No further details of the meeting were disclosed.

TREE NEWS update: The Shanghai International Energy Exchange will cap daily opening positions in crude oil and low-sulfur fuel oil futures from the Oct. 13, 2026 trading session, which begins with the Oct. 12 night session. Non-futures-company members, overseas special non-brokerage participants and clients will be limited to 800 lots per day in the SC2612 and SC2701 crude oil contracts, and 1,500 lots per day in the LU2611, LU2612 and LU2701 low-sulfur fuel oil contracts.

TREE NEWS update: The Shanghai International Energy Exchange will widen the daily price limit for crude oil futures contracts SC2612 and SC2701 and low-sulfur fuel oil futures contracts LU2612 and LU2701 to 16%, effective from the close of trading on Monday, October 12, 2026. Hedge positions will carry a 17% trading margin requirement, while ordinary positions will require 18%.

TREE NEWS update: China’s National Development and Reform Commission said developing “new quality productive forces” requires an energy revolution to provide reliable security guarantees. In a Q&A on the Opinions on Developing New Quality Productive Forces, the NDRC cited frequent regional conflicts, the politicization and weaponization of energy issues, and heightened volatility in global energy markets. It said meeting growing power demand from the national integrated computing network, next-generation communications networks, integrated circuits, AI and new energy vehicles requires raising the share of domestic energy supply.

TREE NEWS update: China’s National Development and Reform Commission said artificial intelligence is the core support for developing new quality productive forces and building a modern industrial system, in a Q&A on the Opinions on Developing New Quality Productive Forces. The commission said the Opinions stress fully implementing the “AI+” initiative to deepen AI’s integration with the real economy and upgrade traditional industries. It cited autonomous driving, humanoid robots, autonomous drones and brain-computer interfaces as emerging tracks.

TREE NEWS update: Yemen’s capital Sanaa was struck by a fresh airstrike on the 9th local time. No details on casualties, targets or the party responsible were immediately disclosed. It is the latest in a series of strikes on the city.

TREE NEWS update: China’s Communist Party Central Committee and State Council issued an opinion on developing new quality productive forces, calling for the orderly development of advanced nuclear fission power. The document sets out an energy revolution aimed at peak carbon and carbon neutrality, including a high-share renewable power system, improved renewable consumption and dispatch policies, and demonstration of major application scenarios.

TREE NEWS update: The Shanghai Futures Exchange will raise price limits and trading margin ratios for several fuel oil and bitumen futures contracts from the close of settlement on Monday, October 12, 2026. Fuel oil contracts FU2612 and FU2701 will have a 16% price limit, with margin at 17% for hedging positions and 18% for speculative positions. Bitumen contracts BU2610, BU2611, BU2612 and BU2701 will have a 12% price limit, with margin at 13% for hedges and 14% for speculative positions.

TREE NEWS update: China’s Communist Party Central Committee and State Council issued an opinion on developing “new quality productive forces,” vowing to strengthen antitrust and anti-unfair competition enforcement and improve market-access rules. The document also calls for stronger governance of artificial intelligence and biotechnology, smarter cross-departmental supervision using data-driven decision-making, and research into a tax system suited to new business models.

TREE NEWS update: The Communist Party of China Central Committee and the State Council issued a document on developing new quality productive forces, stating that corporate R&D projects meeting national strategic needs will be elevated to national projects through formal procedures. The policy also establishes a corporate R&D reserve fund system, raises the super-deduction ratio for SME R&D spending, and encourages private firms to lead major national technological breakthroughs.

TREE NEWS update: The Communist Party of China Central Committee and the State Council issued an opinion on developing new quality productive forces, calling for the forward-looking layout of future industries including quantum technology, biomanufacturing, hydrogen and nuclear fusion energy, brain-computer interfaces, embodied intelligence and sixth-generation mobile communications. The document calls for building a relatively complete industrial ecosystem and establishing investment-growth and risk-sharing mechanisms for future industries, using existing fiscal policy support and guiding more social capital into the sector.

TREE NEWS update: China’s Communist Party Central Committee and State Council issued an opinion on developing ‘new quality productive forces,’ calling for deeper intra-industry and intra-product specialization and cross-industry, cross-region integration to avoid ‘involution-style’ competition. The document targets strategic emerging sectors including next-generation information technology, new energy, new materials, smart connected new energy vehicles, robotics, biomedicine, high-end equipment and aerospace, and backs low-altitude economy and commercial space development on condition of safety.

TREE NEWS update: China’s Communist Party Central Committee and the State Council issued an opinion on developing “new quality productive forces,” setting out 19 key measures across five areas: advancing scientific and technological innovation, deepening the integration of technological and industrial innovation, innovating development models, reforming institutions and mechanisms, and reforming talent work mechanisms. The document calls for revolutionary technological breakthroughs and deep industrial transformation, with a substantial rise in total factor productivity as the core marker.

TREE NEWS update: China’s securities regulator has told non-sector, non-theme funds they must maintain diversified holdings and may not concentrate investments in a single industry or theme. Under the CSRC’s new Operating Measures, products positioned as all-market stock pickers must allocate relatively broadly and cannot effectively turn into single-track funds, addressing the practice known as “broad benchmark, narrow bets.”

TREE NEWS update: Meituan signed its 2026 labor rules and algorithm agreement with rider representatives at a consultation meeting in Beijing, the company said. The agreement raises the pay weighting for difficult deliveries such as overweight, bulky and walk-up orders, and increases compensation in severe weather. Meituan will keep its policy of no overtime deductions and will gradually expand its red-light timer pilot, while pushing forward pension insurance subsidies for riders.