Flash News

TREE NEWS reports: China’s three main stock indices closed the morning session slightly higher on September 29, with the Shanghai Composite up 0.08%, the Shenzhen Component up 0.41% and the ChiNext up 0.34%. Half-day turnover across the Shanghai, Shenzhen and Beijing markets reached 884.3 billion yuan, with about 4,200 stocks advancing. Battery-chain names led gains, while agricultural stocks fell.

TREE NEWS reports: China’s Council for the Promotion of International Trade said the global trade friction index stood at 101 in July 2026, remaining at a high level. The value of trade measures involved fell 18.7% year-on-year and 2.2% month-on-month, as US, EU and Indian tariff moves a year earlier had pushed the index up. Trade remedy investigations worldwide dropped to 17 in July from 68 in June.

TREE NEWS update: Guangzhou Metro Group acquired a residential plot in Guangzhou’s Huangpu district for 4.1 billion yuan at the base price. The site has a planned gross floor area of 176,825 square meters and a floor area ratio of 1.23, with a starting composite floor price of 23,187 yuan per square meter. The transaction closed at the same composite floor price of 23,187 yuan per square meter.

TREE NEWS update: Shanghai issued a series of special-purpose local government bonds, including 93 million yuan of 7-year rail transit bonds at a 1.5009% coupon and a 2.90x marginal bid-to-cover. The same 7-year tenor priced 3.00 billion yuan of land reserve bonds at 1.5009% (3.00x), alongside 15.21 billion yuan of 3-year and 9.50 billion yuan of 5-year land reserve bonds at 1.2908% and 1.4106%. Tenors of 10 and 15 years for other special bonds priced at 1.6808% and 1.9505%.

TREE NEWS reports: China’s overnight Shanghai Interbank Offered Rate (SHIBOR) fell 1.59 basis points to 1.3451%, while the 7-day rate dropped 0.63 basis points to 1.3830%. The 3-month SHIBOR held flat at 1.4300%, unchanged from the previous fixing.

TREE NEWS update: China’s Supreme People’s Procuratorate and the State Administration of Foreign Exchange jointly issued a working guideline on the reverse linkage between administrative enforcement and criminal justice in the foreign exchange sector. The 18-article guideline covers the full process, setting rules on referral conditions, jurisdictional coordination, evidence transfer and conversion, case handling and feedback, and long-term mechanisms, with the aim of punishing FX-related offences and safeguarding market order and financial security.

TREE NEWS update: French President Emmanuel Macron will visit Spain from April 29 to 30, according to a joint statement from the Spanish prime minister’s office and the French presidency. The French presidency said this is the first state visit by a French president to Spain since 2009.

TREE NEWS reports: Beijing will see its highest traffic volume of the year during the National Day holiday, with an average of about 4.4 million daily trips in and out of the city by rail, air, interprovincial coach and private car, up 8% from the same period in 2025. The peak is forecast for October 1 at 4.991 million trips, potentially a record single-day high for the holiday.

TREE NEWS update: China’s State Administration for Market Regulation held a coordination meeting on its 2026 campaign against misconduct and corruption affecting the public, pledging to take the lead on online food-delivery food-safety governance. The regulator said it will address entrenched problems including platforms shirking their responsibilities, and will assist other departments in tackling six areas such as medical insurance funds, elderly care and sales of fake or substandard meat products.

TREE NEWS update: China’s Ministry of Agriculture and Rural Affairs said hog supply and demand have kept improving in the second half, with prices now stable above 11 yuan per kilogram. Spokesperson Chen Bangxun told a State Council Information Office briefing that the ministry will keep monitoring the market, guide farms to adjust output, cut capacity at leading producers and keep sow inventories in a reasonable range.

TREE NEWS update: The People’s Bank of China’s deputy director of the Credit Market Department, Che Shiyi, said the balance of domestic and foreign currency medium- and long-term loans to the services sector reached 76.22 trillion yuan at the end of the second quarter of this year, up 6.4% year on year. The growth rate was 1.3 percentage points higher than that of all loans, reflecting financial support for the services sector.

TREE NEWS update: China’s Ministry of Agriculture and Rural Affairs will keep increasing policy support for grain production, minister Zhang Zhu said at a State Council Information Office press conference. The support will strengthen price subsidies and insurance and coordinate production, stockpiling and imports so that grain prices stay at a reasonable level and farmers can profit from growing grain.

TREE NEWS reports: Japan’s Nikkei 225 closed the morning session down 0.9%, while the broader Topix index fell 1.1%. The declines marked a weaker morning for Japanese equities, with the benchmark gauges both finishing the half-day in negative territory.

TREE NEWS reports: The MMLC battery-grade lithium carbonate mid-price in China was quoted at 120,750 yuan per tonne in early trading, down 1,000 yuan from the previous day’s 16:30 price. The decline marks a lower opening for the battery material used in electric-vehicle batteries.

TREE NEWS update: Che Shiyi, deputy director of the People’s Bank of China’s Credit Market Department, said on July 29 that the central bank will strengthen fiscal-financial coordination, combining relending and fiscal interest-subsidy policies to further lower financing costs for the service sector. In the first half of the year, the weighted average interest rate on new loans to small, medium and micro private enterprises issued by local legal-person financial institutions fell 0.4 percentage points from a year earlier.

TREE NEWS reports: Indonesia’s benchmark stock index dropped 2%, the decline recorded in the latest session. No further details on the move or the drivers behind it were given. The index’s fall puts it among the region’s weaker performers for the session.

TREE NEWS update: China’s grain supply and demand remain in a tight balance, Agriculture Minister Zhang Zhu said at a State Council Information Office press conference. Zhang said food security is fully guaranteed, but the supply structure still needs optimizing, with staple grain supply ample while feed grain such as corn is relatively short.

TREE NEWS update: China’s National Development and Reform Commission said 81 supporting measures have been issued in the past six months under a two-year plan covering 131 key tasks for 2026 and 2027, with more than 60% of the priority work showing clear progress. Li Chunfang, deputy director of the NDRC’s industrial development department, gave the figures at a press conference on the 29th. Twenty-seven provincial-level regions have held their own services-sector conferences and issued expansion and upgrading documents.

TREE NEWS update: China’s Ministry of Agriculture and Rural Affairs said it will prioritize science, technology and reform as twin drivers to accelerate agricultural and rural modernization during the 15th Five-Year Plan period. The ministry will pursue self-reliance in high-level agricultural technology, integrate sci-tech and industrial innovation, and deepen rural reforms including the pilot program extending second-round land contracts by another 30 years.

TREE NEWS update: The Xinjiang Production and Construction Corps issued three tranches of special-purpose local government bonds, including 2.68 billion yuan of 20-year debt at a 2.2000% coupon, 511 million yuan of 15-year debt at 2.1000%, and 95 million yuan of 10-year debt at 1.7300%. The 15-year tranche drew a marginal bid-to-cover of 540.00 times against an expected 2.01 times.