Flash News

TREE NEWS update: Togo’s Prime Minister Victoire Tomegah Dogbe will make an official visit to China from October 9 to 16 at the invitation of Chinese Premier Li Qiang, China’s foreign ministry announced. The visit was confirmed in a statement released by the ministry, which said the trip comes at Li’s invitation.

TREE NEWS update: French President’s diplomatic adviser Emmanuel Bonne will travel to China from October 9 to 13 for a new round of China-France strategic dialogue with Wang Yi, member of the Political Bureau of the CPC Central Committee and Director of the Office of the Central Commission for Foreign Affairs, China’s Foreign Ministry announced. The visit was confirmed by the ministry’s website.

TREE NEWS reports: Europe’s Stoxx banks index dropped 2.1%. The decline marks a down session for the region’s banking sector. No further details on the drivers of the move were provided.

TREE NEWS reports: Foreign institutions and individuals held 4.66 trillion yuan of onshore Chinese equities as of end-June 2026, up nearly 30% from the end of 2025, according to an analysis of the securities industry’s first-half operations distributed by the Securities Association of China to brokerages. The association said securities firms are providing research, trading and custody services across the chain to overseas sovereign funds and pension funds investing in China.

TREE NEWS reports: European equities opened lower on the session, with the Euro Stoxx 50 falling 1.11% at the open. Germany’s DAX slipped 0.85%, the UK’s FTSE 100 dropped 0.82% and France’s CAC 40 declined 0.70%.

TREE NEWS reports: China’s STAR 50 index closed down nearly 5% as the three major A-share benchmarks fell, with the Shanghai Composite down 0.79%, the Shenzhen Component down 2.07% and the ChiNext down 3.15%. Turnover reached 1.69 trillion yuan and nearly 3,800 stocks declined. Battery, oil and gas, coal and shipping sectors led gains, while semiconductors, computing hardware, biotech and consumer electronics led losses.

TREE NEWS reports: China’s major stock indices closed lower, with the Shanghai Composite down 0.79% at 3811.90 and the Shenzhen Component down 2.07% at 12620.90. The ChiNext Index dropped 3.15% to 3036.66, while the CSI 300 fell 1.09% to 4310.28. The STAR 50 led declines, plunging 4.82% to 1456.32.

TREE NEWS reports: Methanol, paraxylene, liquefied petroleum gas, pure benzene and styrene futures closed limit-up in Chinese commodity trading. Fuel oil rose more than 18%, while LU fuel oil and bitumen gained over 9%, and PTA and crude oil climbed nearly 9%. Bottle chip and staple fiber rose more than 8%, with polypropylene, propylene and plastics up over 7%. Palladium fell more than 6%, jujube dropped over 4%, and Shanghai silver, glass, iron ore and Shanghai tin each declined more than 3%.

TREE NEWS update: Shenzhen’s Housing and Construction Bureau said the city plans to bring 27 commercial housing projects to pre-sale in the fourth quarter of 2026, offering an estimated 803,382.25 square meters across 6,251 units. Residential space accounts for 711,757.17 square meters, or 5,880 units, alongside 270 business-apartment units, 100 commercial units and one office unit.

TREE NEWS reports: China recorded 2.142 billion cross-regional passenger trips during the National Day holiday from Oct 1 to 7, 2026, averaging 306 million trips per day, the Ministry of Transport said on Oct 8. The daily average rose 0.6% from the 2025 Mid-Autumn and National Day holiday period.

TREE NEWS update: UK Foreign Secretary David Miliband said on the 8th that Britain has made clear it does not accept Israel’s right to close the British Consulate in Jerusalem. Following discussions with the Israeli government, the consulate building will not be shut and will serve as the base of the British mission in Jerusalem from the 8th, continuing to provide important services.

TREE NEWS reports: Gold buyers from outside Guangdong flocked to Shenzhen’s Shuibei jewelry market during the National Day holiday as falling gold prices and holiday promotions drew crowds to China’s largest gold and jewelry distribution hub. One gold salesperson said they brought at least 30 to 40 groups of out-of-town customers to buy gold each day during the holiday. Some bracelet counters sold out and are restocking, with merchants saying inventory prepared before the holiday was exhausted in the first two days.

TREE NEWS reports: China’s securities industry earned RMB 117.6 billion in brokerage commissions in the first half of the year, up 53.90% year on year, according to an analysis the Securities Association of China sent to brokerages. Brokerage fees accounted for 35.66% of industry operating revenue, overtaking proprietary investment at 34.29%. Interest net income, investment banking and asset management made up 12.28%, 5.67% and 3.68% respectively.

TREE NEWS update: European Central Bank Governing Council member Sjeijpen said the energy shock is fairly persistent. The remark points to continued concern among ECB policymakers over energy-driven inflation pressures. No further details or policy signal were given.

TREE NEWS reports: China’s 150 securities firms booked RMB329.81 billion in first-half revenue and RMB138.66 billion in net profit, up 31.38% and 23.50% year on year, according to an industry analysis circulated by the Securities Association of China. Of the total, 136 firms were profitable, a profit-making ratio above 90%, with the loss-making firms mainly investment banking subsidiaries.

TREE NEWS update: The International Finance Corporation’s board approved on September 24 a loan of up to $150 million to New Hope Singapore Pte. Ltd., a wholly owned subsidiary of China’s New Hope Liuhe Co., Ltd. The Class A loan will fund expanded animal feed production capacity and related working capital in Egypt, Bangladesh, Cambodia, Nepal and Vietnam, aiming to strengthen local agricultural supply chains, food security, rural employment and farmer incomes.

TREE NEWS reports: Brent crude oil rose 3.0% intraday to $103.22 a barrel. The move marks a session gain of three percentage points for the international benchmark, which traded at $103.22 per barrel at the time of the reading.

TREE NEWS update: Tianwan Nuclear Power Unit 7 completed its first grid connection on the 8th. Located in Lianyungang, Jiangsu Province, the unit uses third-generation nuclear technology with a 60-year design life and an annual output of nearly 10 billion kWh per unit.

TREE NEWS reports: Japan’s Nikkei 225 closed down 1.4% at 69,042.11, while the broader Topix fell 1.5% to 4,091.46. South Korea’s Kospi dropped 2.6% to close at 6,625.93, extending losses across major Asian equity benchmarks.

TREE NEWS update: Goldman Sachs executive Kevin Sneader said new finance hires now manage AI agents from day one, skipping the years of work previous generations needed before managing people. Speaking Thursday at the Milken Institute Asia Summit in Singapore, the head of Goldman’s Asia-Pacific ex-Japan business said reallocating today’s middle managers will be a generational challenge across many fields.