Flash News

TREE NEWS update: A new private equity fund, Shanghai Guofang Xinzhi Yuan Private Fund Partnership (LP), has been established with RMB 961 million in capital. Its partners include the Yangtze River Delta Collaborative Leading (Shanghai) Private Fund Partnership and Shanghai Xinzhi Times Enterprise Management, a unit of Shanghai Huahong (Group) Co. The fund’s business scope covers equity investment, investment management and asset management.

TREE NEWS reports: PIMCO executive Dan Ivascyn said the 10-year US Treasury yield risks reaching 6%, flagging the potential for a further sharp rise in long-term borrowing costs. The warning points to continued upward pressure on benchmark yields that feed into global asset pricing, including risk assets such as crypto.

TREE NEWS update: Macau recorded 1.143 million inbound visitor arrivals from October 1 to 7, averaging 163,000 per day, up 15.5% from the daily average during the 2025 National Day holiday. Single-day arrivals peaked at 210,000 on October 4, with both the daily and single-day figures marking record highs for the National Day holiday period since records began.

TREE NEWS reports: Japan’s 10-year government bond yield fell 5.5 basis points to 3.025%. The move marks a decline in the benchmark yield for the world’s largest creditor nation’s sovereign debt. No further details were immediately available.

TREE NEWS update: The People’s Bank of China published a policy position on the renminbi exchange rate, clarifying that currency issues should not be politicized or used as a tool to discredit other countries. It said assessments by some international organizations are not jointly agreed by member states and should not be treated as authoritative or cited selectively, and that individual countries should address their own structural economic problems rather than shifting blame.

TREE NEWS update: China’s Ministry of Finance issued a 2-year bond of 120 billion yuan at a yield of 1.2517%, with a marginal rate of 1.2673% and a bid-to-cover ratio of 2.88. It also issued a 10-year bond of 80 billion yuan at 1.6673%, with a marginal rate of 1.6778% and a bid-to-cover ratio of 6.05.

TREE NEWS reports: The Shanghai Composite closed the morning session at 3,765.71, down 1.21%, while the Shenzhen Component fell 2.09% to 12,356.56. The ChiNext Index dropped 2.61% to 2,957.32 and the STAR 50 slid 3.78% to 1,401.24. The CSI 300 was down 1.27% at 4,255.65, with the CSI 500 off 2.19% at 7,089.40 and the CSI 1000 down 2.39% at 6,968.22.

TREE NEWS reports: China’s ChiNext Index dropped 2.61% to fall below the 3,000 mark at the midday close on October 9, while the STAR 50 Index fell more than 4% intraday. Computing hardware names led the decline, with PCB and CPO stocks such as Huazheng New Material and Jin’an Guoji hitting the limit down. Turnover for the morning session reached 1.18 trillion yuan, with more than 4,300 stocks declining.

TREE NEWS update: PAG has entered exclusive negotiations with China Evergrande’s liquidators to acquire a stake in Evergrande Property Services, the group’s property management arm. The talks give the Hong Kong private equity firm a period of exclusivity in the deal for the unit. No price, stake size or timetable was disclosed.

TREE NEWS reports: The Philippine stock index rose 2.1% on the day. No further detail on the drivers of the move was given. The advance marks a session gain for Philippine equities.

TREE NEWS reports: China’s overnight Shanghai Interbank Offered Rate (SHIBOR) fell 6.26 basis points to 1.3130%, while the 7-day rate dropped 4.90 basis points to 1.3410%. The 3-month SHIBOR was unchanged at 1.4300%, holding flat with a 0.00 basis point move.

TREE NEWS reports: The ChiNext Index trimmed its decline to less than 2% after earlier dropping more than 3%, as of the latest reading. The index had been down over 3% intraday before recovering part of the loss, leaving it under 2% lower.

TREE NEWS reports: Shanghai Lianjia Research Institute data show second-hand home transactions through Lianjia rose 44% year on year during the Oct 1-7 National Day holiday, while new-home transactions climbed 64%. Viewing volume grew more slowly than closed deals, a gap the institute reads as faster buyer decision-making and fading wait-and-see sentiment as policy easing and steadier price expectations pull first-time and upgrade demand into the market.

TREE NEWS update: Hong Kong’s Securities and Futures Commission CEO Julia Leung said extended trading hours will first be rolled out in the derivatives market, while HKEX will publish a discussion paper this quarter on extending cash market trading hours and will welcome public feedback. No specific timetable for the cash market change was given.

TREE NEWS reports: Japan’s Nikkei 225 closed the morning session down 0.8%, while the broader Topix index eked out a 0.03% gain. The split finish left the two Tokyo benchmarks on opposite sides of the flat line at the midday break.

TREE NEWS reports: Shanghai Metals Market data showed the MMLC battery-grade lithium carbonate early-session mid-price at 120,500 yuan per tonne, down 500 yuan per tonne from the previous day’s 16:30 price.

TREE NEWS update: Honda will introduce its next-generation hybrid system globally starting in 2027, the automaker said. The rollout covers markets worldwide, with the new system marking the company’s next step in its hybrid lineup. No further details on models, production volumes or investment were given.

TREE NEWS update: China’s Ministry of Commerce set the 2027 non-state crude oil import allowance at 257 million tonnes, the ministry said. The figure defines the volume of crude that non-state traders are permitted to import under the quota system for that year. No further details on allocation or timing were given.

TREE NEWS reports: China’s ChiNext Index and the STAR 50 Index both dropped more than 2%, while the Shanghai Composite fell 0.81% and the Shenzhen Component lost 1.68%. Computing hardware, defense, consumer electronics and semiconductor sectors led the declines, with more than 4,400 stocks falling across the Shanghai, Shenzhen and Beijing exchanges.

TREE NEWS update: Shanghai Boke Private Fund Management announced on October 8 that He Kang, formerly chief strategist and chief financial engineering officer at Huatai Securities Research Institute, has joined the firm as chief investment officer. He Kang obtained his fund practitioner qualification on September 17, 2026 and is registered under Shanghai Boke.