Flash News

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.

TREE NEWS update: China’s State Administration for Market Regulation (Standardization Administration) released three national standardization guiding technical documents for AI in the steel industry, covering application scenario classification, technical requirements for steel large-model datasets, and maturity assessment of steel large-model service capabilities. The standards are intended to support companies’ digital and intelligent transformation and help scale AI adoption across the steel sector.

TREE NEWS update: People’s Bank of China deputy governor and State Administration of Foreign Exchange head Zhu Hexin said on October 19 at the 2026 Financial Street Forum that China will push forward with opening its foreign exchange market and expand the pilot program allowing securities firms to conduct FX settlement and sales. Zhu also said authorities will support financial institutions in helping companies, especially small and medium-sized enterprises, manage currency risk and improve cross-border service capacity.

TREE NEWS update: Zhu Hexin, deputy governor of the People’s Bank of China and head of the State Administration of Foreign Exchange, said SAFE will keep strengthening cross-border capital flow monitoring and macroprudential management and crack down on illegal cross-border financial activity, speaking at the opening of the 2026 Financial Street Forum. The aim is to keep the foreign exchange market stable and ensure the safety, liquidity and preservation of foreign exchange reserve assets.

TREE NEWS update: People’s Bank of China Deputy Governor and State Administration of Foreign Exchange Administrator Zhu Hexin said on Oct. 19 that SAFE is rolling out a package of policies to optimize capital account foreign exchange management, aimed at better meeting companies’ cross-border investment, financing and fund allocation needs and supporting both inbound and outbound investment. Zhu made the remarks at the opening ceremony of the 2026 Financial Street Forum annual meeting.

TREE NEWS update: Zhu Hexin, deputy governor of the People’s Bank of China and head of the State Administration of Foreign Exchange, said on October 19 at the opening of the 2026 Financial Street Forum that SAFE plans to launch a batch of incremental measures. These include a package to facilitate current-account transactions for foreign-trade firms, a package to optimize capital-account FX management for cross-border financing and investment, and expanded FX market opening, including a pilot broadening securities firms’ FX settlement and sales business.

TREE NEWS update: Novig and Crypto.com’s exchange asked federal courts to shield them from Missouri’s enforcement of sports wagering rules, arguing federal law preempts the state action. Missouri Attorney General filed the enforcement action in September against six prediction market operators. Both exchanges are CFTC-regulated.

TREE NEWS update: China’s National Financial Regulatory Administration will strengthen penetrative supervision of large investment credits and other business, its director Ding Xiangqun said on Oct. 19 at the opening of the 2026 Financial Street Forum in Beijing. Ding said the regulator will prioritize substance over form, regulate shareholder behavior and executive performance, and improve monitoring and early-warning mechanisms. It will also accelerate digital and intelligent transformation of its supervisory toolkit.

TREE NEWS update: China’s National Financial Regulatory Administration will step up efforts to regulate market order, its director Ding Xiangqun said on October 19 at the 2026 Financial Street Forum in Beijing. Ding said institutions must abandon their fixation on scale and that regulators will crack down on non-compliant marketing and financial black and gray industries, drawing clearer red lines for competition.

TREE NEWS update: China Securities Regulatory Commission Chairman Wu Qing said on Oct. 19 that the regulator supports accelerating the rollout of capital-market fintech pilot cases in Beijing’s Haidian district and the establishment of a Beijing Capital Market Society. Speaking at the opening of the 2026 Financial Street Forum, Wu said the move aims to strengthen the clustering of market participants, institutions and talent and to raise the development level of Beijing’s capital market.

TREE NEWS update: Revolut’s newly established crypto entity, Revolut Global Digital Assets Limited, has been granted a distributed ledger technology (DLT) provider license by Gibraltar, the company said on October 19. The approval supports its strategy to expand its international crypto business. Revolut said it has more than 80 million retail customers, of whom 16 million are crypto users.

TREE NEWS update: China Securities Regulatory Commission Chairman Wu Qing said on Oct. 19 that the regulator will steadily roll out a Beijing Stock Exchange 50 ETF, market-cap-based share allotment for new BSE listings, innovative evaluation standards and optimized tiered management for the National Equities Exchange and Quotations. Speaking at the opening of the 2026 Financial Street Forum, Wu said the measures aim to build the BSE and NEEQ into a main platform serving innovative small and medium-sized enterprises.

TREE NEWS update: China Securities Regulatory Commission Chairman Wu Qing said on October 19 at the 2026 Financial Street Forum that the regulator will accelerate the inclusion of the RMB stock trading counter and REITs into the Shanghai-Hong Kong Stock Connect. He said the CSRC will implement the new “five synergies” cooperation model between the mainland and Hong Kong markets and deepen its participation in the governance reform of international financial organizations.

TREE NEWS update: China Securities Regulatory Commission Chairman Wu Qing said on Oct. 19 that the regulator will roll out four measures, including tightening rules for penalizing illegal share reductions. Speaking at the 2026 Financial Street Forum, Wu said the CSRC will refine identification standards to crack down more precisely on such violations. The measures also include a fund industry monitoring center, guidelines on AI use in securities and futures, and guidance on advance compensation for securities market investors.

TREE NEWS update: China Securities Regulatory Commission Chairman Wu Qing said on October 19 at the opening of the 2026 Financial Street Forum that the CSRC will accelerate the introduction of regulations on the supervision of listed companies, improving mechanisms for corporate governance, information disclosure and investor protection while cultivating a stronger cohort of high-quality listed firms. He also said the regulator will step up efforts to promote high-quality development of securities firms, supporting industry mergers, acquisitions and subsequent integration.

TREE NEWS update: China Securities Regulatory Commission Chairman Wu Qing said on Oct. 19 that the regulator will study ways to advance multi-tier market reform and implement more inclusive rules for issuance, listing and M&A. Speaking at the 2026 Financial Street Forum, Wu also said the CSRC will deepen refinancing reform and publish revised rules for listed-company securities issuance at an appropriate time.

TREE NEWS update: China Securities Regulatory Commission Chairman Wu Qing said on October 19 that the regulator will stay highly alert to new risk points including offshore leveraged products linked to individual A-share stocks, while speaking at the opening of the 2026 Financial Street Forum annual meeting. Wu said the CSRC will keep tracking domestic and overseas market developments, strengthen risk assessment and policy tool reserves, and reinforce market-stabilization mechanisms to build a stronger defense against capital-market risks.

TREE NEWS update: China Securities Regulatory Commission Chairman Wu Qing said on October 19 that the regulator will further improve capital market functions that balance investment and financing, and steadily raise market resilience and confidence. Speaking at the opening of the 2026 Financial Street Forum, Wu said the CSRC will adhere to the principle of seeking progress while maintaining stability and contribute to high-quality economic and social development during the 15th Five-Year Plan period.

TREE NEWS update: China Securities Regulatory Commission Chairman Wu Qing said on October 19 that cross-border, cross-market and cross-industry risk transmission warrants high vigilance. Speaking at the opening of the 2026 Financial Street Forum, Wu cited geopolitical conflicts raising global risk premiums, a complicated interest-rate environment driving asset repricing, AI accelerating market change, and rising volatility and linkage across stock, bond and currency markets.

TREE NEWS update: China Securities Regulatory Commission Chairman Wu Qing said on Oct. 19 at the opening of the 2026 Financial Street Forum that the CSRC will approve the registration of the first batch of 18 active ETFs that day. He described the move as an important step in promoting innovation in fund products and said it would bring more incremental capital into the market.