Flash News

TREE NEWS update: Two more amortized-cost bond funds have ended fundraising ahead of schedule, with Caixin Fund and Neuberger Berman Fund each closing their 63-month closed-end bond funds before the original subscription deadline. That brings the total to four of the first batch of seven such funds closing early, and the three already established funds all reached the 8 billion yuan cap.

TREE NEWS update: China’s Ministry of Housing and Urban-Rural Development has outlined its housing priorities for the 15th Five-Year Plan period, centered on building high-quality new homes, renovating older housing stock and improving services. The plan implements the spirit of the Central Urban Work Conference and advances high-quality urban renewal, responding to the public’s shift from ‘having a home’ to ‘living in a good home’.

TREE NEWS update: South Korean Finance Minister Lee Hyung-il said the government will immediately deploy market stabilization measures, including emergency buybacks of government bonds, should yields rise excessively. Local bond yields have climbed amid higher global rates, with the 3-year Treasury yield hitting a near four-year high on Monday before falling 5 basis points to 4.07% on Tuesday. The 10-year yield dropped 8 basis points to 4.47%, after rising about 15 basis points the previous session.

TREE NEWS reports: Italy’s industrial sales rose 4.8% year-on-year in July, accelerating from a 3.1% increase in the previous reading. The figure covers turnover for the country’s industrial sector and marks a faster pace of growth than the prior period.

TREE NEWS update: China’s Ministry of Science and Technology said it will deepen cooperation with the central bank and financial regulators to expand tech-finance support for innovative companies. Vice Minister Qiu Yong told a State Council Information Office briefing on the 29th that the ministry, together with the People’s Bank of China, the financial regulator and the securities watchdog, has set up a coordination mechanism for tech finance and rolled out a series of policy measures. Next steps focus on policy implementation, services, pilot programs and the financing ecosystem.

TREE NEWS reports: China had more than 100,000 large-scale agricultural product processing enterprises in 2025, with combined operating revenue of nearly 18 trillion yuan. Revenue from leisure agriculture reached 950 billion yuan, while online retail sales of agricultural products hit 783.3 billion yuan, as rural e-commerce and rural tourism expanded.

TREE NEWS reports: JPMorgan Asset Management portfolio manager Arjun Vij said global government bond duration is now at fair valuation levels after yields repriced from expected rate cuts to expected further hikes. Vij added that real yields may remain structurally higher than the past decade, reflecting persistent fiscal deficits, the shift from quantitative easing to quantitative tightening, and heavy capital expenditure demand from AI and infrastructure spending.

TREE NEWS reports: The US dollar rose 0.5% against the Norwegian krone to 9.5884, its highest level since August 10. The move extends the greenback’s advance on the krone, with the pair now trading at its strongest since that date.

TREE NEWS update: Dalian issued a 7-year special-purpose local government bond on Tuesday, raising 766 million yuan at a coupon rate of 1.5100%. The bid-to-cover margin came in at 1.02 times against an expected 1.53 times, indicating demand fell short of market expectations for the sale.

TREE NEWS update: China’s National Financial Regulatory Administration and the Ministry of Commerce issued a joint notice to strengthen coordination between commerce authorities and insurers on domestic trade credit insurance. The notice encourages local commerce departments and insurers to share lists of quality domestic and foreign trade enterprises, and urges insurers to use industry leaders to underwrite entire supply chains and embed the coverage across key industrial chains.

TREE NEWS update: China’s Ministry of Science and Technology said on the 29th that the country’s push to build world-class science and technology journals has made positive progress. Vice Minister Long Teng told a State Council Information Office press conference on the ’15th Five-Year Plan’ that cultivating such journals is a key part of achieving high-level scientific self-reliance and building a strong science and technology nation.

TREE NEWS update: China’s meat production exceeded 100 million tonnes for the first time last year, with per-capita availability of 72.5 kg, roughly 1.5 times the world average, Chen Bangxun, spokesperson for the Ministry of Agriculture and Rural Affairs and head of its development planning department, said at a State Council Information Office briefing on rural modernization during the 15th Five-Year Plan period. The ministry said it has expanded food resources through multiple channels while safeguarding grain security.

TREE NEWS update: YPF CEO Horacio Marín said on the 28th that the Argentine state oil company’s daily crude output could reach 1 million barrels for the first time. Speaking to Argentina’s LN+ news channel, Marín said YPF is in an expansion phase and could grow to more than four times its current size within the next few years.

TREE NEWS update: China’s Science and Technology Minister Yin Hejun said on Sept. 29 that the country has built the world’s largest education system and now has the largest R&D workforce by headcount, providing support for its rising technological strength. He said next steps include deepening institutional reform, improving forecasts of tech talent supply and demand, and adjusting academic disciplines to support high-quality development.

TREE NEWS update: China’s Ministry of Science and Technology said it has deepened coordination with education and talent authorities to advance the integrated development of education, science and technology, and talent. Minister Yin Hejun made the remarks on Monday at a State Council Information Office briefing on the “15th Five-Year Plan” opening. The work covers planning alignment, policy coordination, resource pooling and linked evaluation, he said.

TREE NEWS update: The third round, sixth batch of central ecological and environmental protection inspection teams has completed its feedback work. The inspection round, launched in May 2026, covered seven provincial-level regions — Liaoning, Jilin, Heilongjiang, Guangdong, Guangxi, Tibet and Xinjiang — along with the Xinjiang Production and Construction Corps.

TREE NEWS update: Iraqi Armed Forces Commander-in-Chief spokesman Sabah al-Numan said on the evening of Sept 28 that US and international coalition forces will complete their withdrawal from Iraq by Sept 30, in line with a previously agreed timetable. The announcement sets a firm date for the departure of coalition troops.

TREE NEWS update: China will advance four areas of work to strengthen basic research during the 15th Five-Year Plan period. The first priority is sharpening the strategic and original orientation of basic research, defining key directions and fields based on urgent national needs and long-term demand, and coordinating original innovation with work on core technologies. Resources will be pooled to push original and disruptive innovation, while the academic discipline system will be adjusted to support weak and obscure fields and encourage interdisciplinary research.

TREE NEWS update: China’s Foreign Ministry said it has no information to offer on a possible trilateral meeting between the Russian, US and Chinese presidents at the APEC summit in Shenzhen. Spokesman Guo Jiakun said China, as this year’s APEC host, will work with all parties to ensure a productive “China Year” for APEC and contribute to growth in Asia-Pacific and the world.

TREE NEWS update: China’s Foreign Ministry on Tuesday rejected a new maritime chart published by the Philippines’ National Maritime Council that includes features of the Nansha Islands such as Zhongye Island and Mahuan Island. Spokesperson Guo Jiakun said the islands are part of China’s Nansha Islands and Chinese territory, adding that China has indisputable sovereignty over the Nansha Islands and their adjacent waters.