Flash News

TREE NEWS reports: China Vanke’s A-shares hit the daily limit up on Monday as mainland property stocks extended their rally. The move marks a fresh leg higher for the sector, with Vanke among the strongest performers in the group. No company announcement or policy catalyst was cited in the market move.

TREE NEWS update: China’s Ministry of Agriculture and Rural Affairs said it will pursue both stable grain output and a more diversified food supply system, balancing yield with quality. The ministry will keep grain acreage steady while raising per-unit yields to secure stable and safe supplies of grain and other key agricultural products for the country’s 1.4 billion people, and will optimize variety mix and improve quality.

TREE NEWS update: China’s services sector contributed 66.1% of economic growth in the first half of the year, up 5.9 percentage points from a year earlier, the National Development and Reform Commission said at a press conference on services sector expansion. The NDRC said the services business activity expectation index has stayed above 55 for five straight months since April, describing the sector as showing policy expectations, market confidence, consumer resilience and open-economy vitality.

TREE NEWS update: The first units of the Dashihe Water Conservancy Hub in Xinjiang, the world’s highest concrete-faced gravel dam, have been connected to the grid. Units 1 and 2 have begun commercial operation, while factory testing on Unit 3 is complete, with all three units expected to be commissioned by the end of the year. The project has a total installed capacity of 750,000 kilowatts.

TREE NEWS update: NASA announced on the 28th that Boeing’s Starliner is planned to fly its first uncrewed mission to the International Space Station as early as December this year or January next year, with a crewed flight, Starliner-2, targeted for 2028. The agency released the latest progress and mission schedule for the spacecraft.

TREE NEWS update: China’s Ministry of Agriculture and Rural Affairs said summer grain output exceeded 300 billion jin for the first time, while early rice output held above 56 billion jin for a sixth straight year. Autumn grain is now being harvested across large areas, putting the country on track for a bumper crop for the full year, the ministry said at a State Council Information Office briefing.

TREE NEWS update: South Korea’s finance minister said the government is closely monitoring the government bond market and will conduct treasury buyback operations if yields rise excessively. The remark signals readiness to intervene against disorderly moves in sovereign debt, with buybacks cited as the tool of choice should yield gains overshoot.

TREE NEWS update: Japanese Finance Minister Satsuki Katayama said she and US Treasury Secretary Scott Bessent agreed to strengthen cooperation between the two sides, speaking about their September 25 phone call. Katayama said a broadly undervalued yen is a concern and that Japan will keep close communication with the US Treasury to ensure stable foreign-exchange market conditions. She added that interest rates are set by the market and that the government will maintain close contact with the bond market while pursuing appropriate debt management.

TREE NEWS update: Nvidia CEO Jensen Huang, Anthropic PBC head Dario Amodei and Palantir Technologies CEO Alex Karp are set to attend a Tuesday lunch with US President Donald Trump to discuss artificial intelligence risks. OpenAI president Greg Brockman is also expected to take part in the event.

TREE NEWS reports: The Hang Seng Tech Index fell 1% at the open of trading. The decline in the Hong Kong-listed technology gauge came in early session movement, with no further details on individual constituents or drivers given.

TREE NEWS reports: The CSI Convertible Bond Index opened 0.01% lower, with Jindi, Fuxin, Hangyu, Yanpai and Dingtong convertible bonds leading declines at 2.37%, 1.57%, 1.52%, 1.52% and 1.39% respectively. Runhe 02, Wankai, Yirui, Dazhong and Sanjiang convertible bonds led gains at 30.00%, 2.99%, 1.73%, 1.62% and 1.42%.

TREE NEWS update: Shanghai released local implementation guidelines for reforming commodity housing sales, covering six areas including tighter pre-sale management, a shift to completed-home sales, a lead-bank system, stronger financing support and optimized land supply. A-share property developers extended gains, with Shenzhen Property A hitting its second straight limit-up and Tefa Service, Xinda Real Estate, Shahe Industrial, Shenzhen Zhenye A and 5i5j among the top gainers.

TREE NEWS reports: China’s treasury futures opened mixed on the latest session, with the 30-year main contract down 0.06%. The 10-year, 5-year and 2-year main contracts were each flat at 0.00%. No further details were disclosed.

TREE NEWS update: Shares in China’s battery supply chain opened higher after the Ministry of Industry and Information Technology and six other departments jointly issued the “15th Five-Year Plan” for the new-type battery industry. Shidai Wanheng rose for a second straight limit-up session, while Gotion High-Tech, Wuhan Landian, Lyric Robot and Honggong Technology opened higher.

TREE NEWS update: GAC Group resumed trading with its shares locked at the daily limit-up after announcing a plan to acquire a 50% stake in FAW Toyota through a share issuance. The Chinese automaker’s stock opened at the ceiling price on its first day back on the exchange. No financial terms of the proposed deal were disclosed.

TREE NEWS reports: China’s Shanghai Composite Index opened 0.20% lower at 3816.15 on the latest session, with the Shenzhen Component down 0.15% at 12839.61 and the ChiNext Index down 0.11% at 3136.53. The CSI 300 fell 0.11% to 4335.81, while the STAR 50 was the lone gainer among major gauges, up 0.17% at 1558.66. The CSI 500 slipped 0.19% and the CSI 1000 dropped 0.39%.

TREE NEWS update: The People’s Bank of China injected a net 93 billion yuan into the banking system through open market operations on Thursday. The central bank conducted 90.5 billion yuan of 7-day reverse repos at a rate of 1.40%, unchanged from the previous operation, alongside 698.5 billion yuan of overnight reverse repos. A total of 696 billion yuan of reverse repos matured on the day.

TREE NEWS reports: Hong Kong’s Hang Seng Index opened 0.02% higher at 24,648.64 points, while the Hang Seng Tech Index fell 0.21%. NIO dropped 2%, and MINIMAX and Zhipu each declined more than 1%.

TREE NEWS update: US Secretary of State Marco Rubio said there is an opportunity for good investment in Greenland, adding that rare earth resources could potentially be developed in cooperation with the territory. Rubio did not give further details on the scope or timing of any investment or partnership.

TREE NEWS reports: The People’s Bank of China set the yuan’s central parity rate at 6.7411 per US dollar, 12 pips weaker than the previous fix of 6.7399. The spot rate closed the prior official session at 6.7128, while the overnight session ended at 6.7118.