Flash News

TREE NEWS update: China Securities Regulatory Commission Chairman Wu Qing said at the opening of the 2026 Financial Street Forum that China’s macroeconomic policy is gaining traction and its economy continues to improve, with the underlying logic of capital market operations having quietly undergone profound changes. The allocation value of Chinese assets is becoming more prominent, he said. The remarks were delivered on the day of the forum’s opening.

TREE NEWS update: China’s Ministry of Commerce urged the UK on Thursday to abide by World Trade Organization rules and not to follow the EU in restricting Chinese electric vehicles, after UK trade minister Douglas Alexander said Britain and the EU must align on countering China’s dominance in the auto industry and are discussing EV tariffs. The ministry said it will closely monitor UK moves and will resolutely counter any restrictive measures to protect Chinese industry’s lawful rights.

TREE NEWS update: A proposed US bill would create a dedicated disclosure program allowing crypto investors to correct past tax reporting errors, with reduced penalties for eligible taxpayers. The measure targets those who made what the bill frames as honest mistakes in reporting digital-asset holdings and transactions. No details on penalty rates or an effective date were provided.

TREE NEWS update: People’s Bank of China Governor Pan Gongsheng said the central bank plans to create a liquidity support tool for large redemptions at non-bank institutions and to replace benchmark deposit and lending rates with market-based interest rate indicators. Separately, CSRC Chairman Wu Qing said the securities regulator will roll out four measures and tighten rules on penalties for illegal share reductions.

TREE NEWS update: China’s State Taxation Administration published a notice on its website urging taxpayers to review their offshore trust arrangements and file tax returns during the transition period to avoid late fees and other risks. Under a joint announcement by the Ministry of Finance and the STA issued on July 24, offshore trust taxpayers must declare and pay individual income tax on offshore trust income.

TREE NEWS update: Dutch police seized an Autistici/Inventati server and handed data from it to U.S. authorities under a 1981 treaty, after Washington designated the Italian activist group “global terrorists.” The transfer was described as a “terrifying precedent” for cross-border data seizures. The operation relied on the decades-old treaty to move seized server data to the U.S.

TREE NEWS update: The European Securities and Markets Authority added BingX, YouHodler and Banco Santander’s Openbank to its MiCA register in the latest update, bringing the total to 375 unique crypto-asset service providers. The register lists firms authorized to offer crypto services across the EU under the Markets in Crypto-Assets framework.

TREE NEWS update: China’s securities regulator has published draft guidelines on advance compensation in the securities market for public comment. The 21-article document clarifies which parties may make advance payouts, building on Article 93 of the Securities Law, which allows controlling shareholders, actual controllers and relevant securities firms to entrust investor protection agencies with such payments. It also permits accounting and law firms to make voluntary advance compensation under the guidelines, and defines the practice as a voluntary civil settlement under which the payer acquires investors’ claims and pursues recovery.

TREE NEWS update: China’s securities regulator approved the Shanghai Stock Exchange’s first batch of active ETFs on October 19, the exchange said. The products combine active portfolio management with the standardized ETF structure, offering transparent holdings and convenient trading. The exchange described the approval as part of efforts to deepen investment-side reform, meet investors’ diversified asset-allocation needs and draw medium- and long-term capital into the market.

TREE NEWS update: China’s securities regulator said cases involving both illegal share transfers without a required trading pause and information disclosure violations will be treated as two independent violations and penalized separately. The CSRC official, answering questions on new administrative penalty rules for illegal securities transfers, cited Articles 197 and 186 of the Securities Law as the basis for separate determinations and penalties.

TREE NEWS update: China’s securities regulator, the CSRC, issued implementation rules for administrative penalties in cases of illegal securities transfers. The rules clarify the definition of “transferring securities” under Article 186 of the Securities Law, including transfers within restricted periods and non-compliant share sales, and set differentiated penalty tiers by violation type. The CSRC said it will strictly crack down on illegal share reductions.

TREE NEWS update: Revolut has obtained a Gibraltar distributed ledger technology licence for a new entity, the company said, as part of its international crypto expansion strategy. The licence allows the fintech to offer crypto services under Gibraltar’s regulatory framework. Further details on the entity’s operations and timeline were not disclosed.

TREE NEWS update: The People’s Bank of China and multiple government departments issued guidance on financial support for building international sci-tech innovation centers in Beijing-Tianjin-Hebei, Shanghai-Yangtze River Delta and the Greater Bay Area. The guidance encourages market institutions to create index products tracking sci-tech innovation bonds, offering diversified asset allocation tools in the sector, and to use credit risk mitigation instruments such as CRMWs to support issuance and investment in such bonds.

TREE NEWS update: The People’s Bank of China and multiple government departments issued guidance to build international sci-tech innovation centers in Beijing-Tianjin-Hebei, the Yangtze River Delta and the Greater Bay Area. The plan calls for accelerating STAR Market reforms and improving the listing mechanism for technology companies. It also targets integrated tech-finance services across the Yangtze River Delta, including the G60 sci-tech corridor and cross-regional recognition of tech-finance standards.

TREE NEWS update: The People’s Bank of China and other departments issued guidance to support international sci-tech innovation centers in Beijing, Shanghai and the Greater Bay Area, including measures to optimize domestic banks’ offshore lending management and widen overseas financing channels for domestic tech companies. The document also calls for pilot facilitation of cross-border trade and investment for tech firms, streamlined cross-border settlement for service trade, and support for opening domestic foreign-exchange accounts for overseas R&D centers and innovation platforms.

TREE NEWS update: The People’s Bank of China and several government departments issued guidelines on financial support for building international sci-tech innovation centers in Beijing-Tianjin-Hebei, the Yangtze River Delta and the Greater Bay Area. The guidance calls for supporting the development of M&A funds, improving regional M&A financial services and removing bottlenecks in deal execution. It also backs international-level venture capital centers and patient capital investment in emerging and future industries.

TREE NEWS update: France’s National Assembly adopted a crypto tax amendment targeting certain stablecoin swaps, with separate proposals on an exit tax and self-custodial wallet reporting still under consideration. The amendment is part of the country’s broader move to tighten rules around digital-asset transactions, though the two other measures have not yet been enacted.

TREE NEWS update: The People’s Bank of China and multiple government departments issued guidance on financial support for building international science and technology innovation centers in Beijing (Beijing-Tianjin-Hebei), Shanghai (Yangtze River Delta), and the Guangdong-Hong Kong-Macao Greater Bay Area. The guidance sets region-specific financial service priorities and calls for coordinated policy, mutual recognition of standards, information sharing, and risk prevention mechanisms across the three regions. The PBOC said it will work with relevant departments to ensure implementation.

TREE NEWS update: Zhang Jianlong, former Party secretary and director of the National Forestry and Grassland Administration and a former member of the Ministry of Natural Resources’ Party group, has been expelled from the Communist Party. The Central Commission for Discipline Inspection and the National Supervisory Commission investigated his serious disciplinary and legal violations following approval from the CPC Central Committee. The decision was announced by state broadcaster CCTV.