Flash News

TREE NEWS reports: Goldman Sachs’ board is discussing a plan to appoint John Waldron as the bank’s next chief executive, with a succession that could occur in late 2027 or 2028. Current CEO David Solomon is expected to move to executive chairman of the board after stepping down as CEO. The plan requires board approval.

TREE NEWS update: The Shanghai Futures Exchange, Zhengzhou Commodity Exchange and Guangzhou Futures Exchange will expand the range of contracts open to Qualified Foreign Institutional Investors from the Sept. 28 trading session, adding 23 futures and options contracts. QFI-accessible products now span energy, metals, chemicals, agricultural goods and new energy, deepening China’s futures market opening.

TREE NEWS update: The People’s Bank of China’s monetary policy committee held its third-quarter 2026 meeting, keeping a moderately loose stance while signaling stronger counter-cyclical adjustment and a bigger role for both the aggregate and structural functions of monetary policy tools. Experts expect structural tools to be expanded to support key real-economy sectors, including the “six networks”.

TREE NEWS reports: More than 2,700 listed companies received institutional research visits in September, as of Sept. 28, a sharp increase from August. Institutions showed markedly greater interest in small-cap stocks with market values below 10 billion yuan, favoring machinery equipment, electronics and basic chemicals. Analysts pointed to Tesla humanoid robot mass production, AI computing power, memory chips, optical modules and recovering chemical demand as potential opportunities.

TREE NEWS reports: Chinese institutions conducted research on 221 electronics and semiconductor companies in September, with PCB makers and semiconductor segment leaders the main focus. 28. Industry sources said PCB and semiconductor equipment components remain in tight supply, running at full capacity and expanding, with the sector’s upcycle expected to last through 2028.

TREE NEWS update: Australia’s central bank announces its rate decision at 12:30 Beijing time, followed by euro-area September consumer confidence at 17:00 and Canada’s July GDP at 20:30. US data includes July S&P/CS 20-city home prices at 21:00, August JOLTS job openings and September Conference Board consumer confidence at 22:00. OpenAI’s DevDay 2026 begins at 00:30, with CEO Sam Altman’s keynote at 01:00.

TREE NEWS update: Chinese public mutual funds have scheduled 72 new products to launch in October, targeting fourth-quarter investment opportunities. The lineup is dominated by equity funds and equity-inclusive “fixed income plus” products, with several Beijing Stock Exchange three-month holding-period funds starting subscription together. Fund houses remain optimistic on the medium- to long-term outlook for equity assets and are actively conducting research to find investment opportunities.

TREE NEWS update: China’s private pension fund product list has been expanded to include “fixed-income plus” funds for the first time, with 26 fund companies adding Y-class shares effective the day after the September 28 debut. The inclusion covers two types — equity-holding secondary bond funds and bond-biased mixed funds — from managers including E Fund, China Universal, ICBC Credit Suisse and China Merchants Fund.

TREE NEWS update: US Treasury Secretary Scott Bessent met Lebanon’s finance minister on Wednesday, the Treasury Department said. Bessent urged Lebanon to crack down on networks tied to Iran and Hezbollah. The meeting was announced by the US Treasury.

TREE NEWS reports: The People’s Bank of China rolled over its medium-term lending facility (MLF) with a larger-than-expected injection and raised the overnight reverse repo operation cap, adding funds across multiple tenors to smooth the quarter-end period, which coincides with pre-holiday cash demand before the National Day break. Institutions expect money-market pressure to remain manageable this week, aided by net government bond fund inflows and higher quarter-end fiscal spending.

TREE NEWS update: Iran’s foreign minister strongly rejected claims of flexibility on the nuclear issue, saying Tehran’s position has not changed. He also said Iran’s conditions for reopening the Strait of Hormuz are clear, without elaborating. The statement follows renewed international focus on Iran’s nuclear program and shipping through the strategic waterway.

TREE NEWS reports: China’s all-solid-state battery industry is expected to enter a small-scale passenger car adoption window in 2027-2028, with humanoid robots and low-altitude aircraft also emerging as test scenarios. Equipment makers including Lyric Robot and Wuxi Lead Intelligent Equipment have already begun shipping warm isostatic pressing equipment, seen as key to solving solid-solid interface contact challenges in mass production.

TREE NEWS update: US President Donald Trump said on the 28th at the White House that US and Iranian negotiators have exchanged messages through a mediator. Asked about the progress of the talks, Trump gave no specifics, saying only that “we will win” and that “things will be clear very soon.” Earlier that day, indirect US-Iran talks were reported to have begun on the morning of the 28th.

TREE NEWS update: Explosions were heard near Iran’s Qeshm Island late on the 28th. Iran’s Tasnim news agency, citing local sources on the island, said no attack or explosion had been reported there and that the sounds were typically warning shots fired by Iranian forces at vessels violating passage rules in the Strait of Hormuz.

TREE NEWS update: Iranian Foreign Minister Abbas Araghchi said the Strait of Hormuz will reopen only after the conditions set out by the Supreme Leader are implemented. Araghchi made the statement as Tehran tied the resumption of traffic through the key oil chokepoint to those demands, without specifying what the conditions are.

TREE NEWS update: Donald Trump denied media reports that he proposed a plan to ease sanctions on Iran, saying no such offer was made. The statement came in response to press accounts of a sanctions-relief proposal. Trump did not elaborate on the details of the reported plan or the circumstances of the denial.

TREE NEWS update: Palantir CEO will attend a lunch meeting between US President Donald Trump and House Speaker Mike Johnson on Tuesday. The meeting is set for Tuesday and includes the Palantir chief alongside the president and the House speaker.

TREE NEWS update: US Senator Chuck Grassley said he does not believe President Donald Trump will impose a diesel export ban, citing pressure on the administration over the issue. Grassley also suggested that oil companies lower domestic prices for diesel and refined products.

TREE NEWS reports: The US 10-year Treasury yield rose 7.56 basis points to 5.2361% at Monday’s New York close, its highest level since 2007. The 2-year yield gained 7.89 basis points to 4.9305%, approaching its April 30, 2024 intraday high of 5.0434%. The 10-year traded between 5.1899% and 5.2719% during the session.

TREE NEWS reports: The FTSE China A50 index futures closed 0.01% lower at 13,923 points in continuous night trading. The move was minimal, leaving the contract little changed from the prior session.