Flash News

TREE NEWS update: Beijing’s municipal government issued its 15th Five-Year Plan for culture and tourism, calling for a culture-tourism cooperation zone adjacent to the Beijing-Tianjin-Hebei region to advance integrated development of the urban cluster. The plan also sets out themed zones for red culture, rural tourism and multi-format boutique districts.

TREE NEWS update: The Beijing municipal government issued its culture and tourism development plan for the 15th Five-Year Plan period, calling for broader use of artificial intelligence, cloud computing, virtual reality and ultra-high-definition audio-visual technology in the culture and tourism sector. The plan also backs new tech-tourism scenarios, industrial tourism products, and an expanded “Beijing Gifts” line of cultural merchandise.

TREE NEWS update: Chen Dapeng, vice president of the China National Textile and Apparel Council and president of the China National Garment Association, said the apparel industry will make brand building its main direction during the 15th Five-Year Plan period. The sector will cultivate end-market brands centered on cultural creativity, forge manufacturing brands centered on lean intelligent manufacturing, and build regional brands centered on collaborative innovation.

TREE NEWS reports: Chinese private fund managers held an average equity position of 74.62% heading into the National Day holiday. 28 by private fund data provider Simuwang. The reading captures institutional positioning ahead of the week-long market closure.

TREE NEWS update: UK Chancellor Healey said the government will act to cut welfare spending, with £100 million to be invested in a new apprenticeship program. Rolls-Royce will additionally invest £300 million in its UK factories. Healey also said serious national security risks from artificial intelligence must be addressed, and that the UK will be ensured to win the AI revolution.

TREE NEWS update: China Southern flight CZ3573, carrying 120 passengers, departed Guangzhou Baiyun International Airport for Qingdao Jiaodong International Airport at about 16:57 on September 28, marking the C919’s first scheduled commercial service on the Guangzhou–Qingdao route and its first scheduled commercial flight at Qingdao airport. The flight brings the domestically built airliner into operations linking the Greater Bay Area and the Jiaodong economic circle.

TREE NEWS reports: The UN Food and Agriculture Organization said on September 28 in Rome, releasing its State of the World’s Forests 2026 report, that failure to restore degraded ecosystems costs an estimated $878 billion to $6.3 trillion annually, equal to 2% to 8.3% of global GDP depending on the estimate. The FAO said restoring forests and landscapes is a cost-effective way to address food security and development challenges.

TREE NEWS update: China Three Gorges Corporation said the first five turbines at its Yangjiang Qingzhou V and VII offshore wind project in Guangdong’s Yangjiang waters were successfully connected to the grid, with the world’s highest-voltage and largest-capacity offshore wind VSC-HVDC transmission project entering operation at the same time. The company called it a key step in China’s large-scale development of deep-sea offshore wind.

TREE NEWS update: Iran’s Supreme Leader Mojtaba Khamenei issued a statement on the 28th, marking Iran’s National Defense Week and the second anniversary of the death of former Hezbollah leader Hassan Nasrallah. The statement was released on the occasion of both commemorations.

TREE NEWS update: Shanghai held a working meeting on further deepening reform of its state-owned assets and state-owned enterprises on the morning of September 28. Party Secretary Chen Jining said the city’s SOEs should aim to build world-class enterprises, strengthen their core functions and competitiveness, and break new ground in serving national strategy, upgrading industry and achieving innovation breakthroughs, to support Shanghai’s “five centers” and socialist modernization goals.

TREE NEWS update: Saudi Arabia’s East-West crude pipeline has resumed oil exports, restoring flows through the conduit that carries crude from the kingdom’s eastern fields to the Red Sea. The pipeline is a key alternative route for Saudi exports that bypasses the Strait of Hormuz. No further details on volumes or the duration of the disruption were provided.

TREE NEWS update: China’s State Council executive meeting, chaired by Premier Li Qiang, called for the dynamic release of a list of priority-controlled new pollutants and tighter source controls on chemical emissions. The meeting pledged greater cross-department coordination and more policy support for enterprises transitioning to cleaner production, aiming to complete pollution treatment targets on schedule.

TREE NEWS update: Premier Li Qiang chaired a State Council executive meeting that called for rolling out a batch of pragmatic incremental policies, including measures to stabilize the real estate market and boost employment and household income. The meeting urged better use of local government debt quotas, timely adjustments to monetary policy tools, and higher relending quotas for tech upgrades and small business and agricultural lending, while pushing coordinated efforts to steady investment and spur private capital.

TREE NEWS update: Premier Li Qiang chaired a State Council executive meeting that called for greater counter-cyclical macro policy adjustment to address problems emerging in current economic operations, aiming to meet full-year economic and social development targets. The meeting urged faster implementation of existing policies, quicker bond issuance and use, and earlier construction of major projects under the 15th Five-Year Plan and the “Six Networks” plan, including renovation of aging reservoirs and grain depots.

TREE NEWS reports: Bank of England Deputy Governor Ramsden said more will be learned about second-round effects at upcoming meetings, adding that the UK appears to be in a period of higher and more persistent inflation that has shaped his judgment. The risk of higher, more persistent inflation rose during the July-to-September Monetary Policy Committee meetings, he said.

TREE NEWS reports: The Federal Reserve raised its federal funds rate target range by 25 basis points to 3.75%-4.00% on Sept. 16, and the Nasdaq Composite set a record high on Sept. 22, rising 0.45% that day and 17.22% year to date. Data cited from Creative Planning’s Charlie Bilello show the S&P 500 averaged a 14.9% gain in the 12 months after Fed hikes since 1982, versus 11.2% after cuts.

TREE NEWS update: Shanghai’s financial regulator and three other municipal departments jointly issued implementation guidelines for the national notice on improving the commercial housing sales system, effective September 28, 2026. The measures cover six areas: strengthening pre-sale management, implementing completed-home sales, introducing a main-bank system, increasing financing support, optimizing land supply management, and improving quality oversight and market order.

TREE NEWS update: Zhou Haidong, former head of equity investment and equity investment department general manager at Huashang Fund, has completed the business registration change for his private fund license, marking the first disclosure of his move into the private fund sector. Zhou is a well-known fund manager who previously oversaw equity investment at the public fund house.

TREE NEWS reports: The Iranian rial fell to a record low of 2.4 million per US dollar on Monday. Tehran and Washington have both said they will not make concessions on the conditions for ending the conflict and reopening the Strait of Hormuz. The rial has depreciated 2.3% since US President Donald Trump rejected Iran’s latest proposal on Saturday.

TREE NEWS reports: China’s tech insurance provided 8.7 trillion yuan of risk coverage for science and technology activities from January to August 2026, up 66.9% year on year, the National Financial Regulatory Administration said. The number of operating insurers has grown from four pilot participants to more than 60, while first-of-its-kind equipment and first-batch materials insurance mechanisms have run for over a decade, covering major technical equipment and key new materials with more than one trillion yuan in risk protection.