Flash News

TREE NEWS update: Xi Jinping issued important instructions on building a higher-level Peaceful China, stressing unwavering implementation of the overall national security concept and safeguarding the steady progress of Chinese modernization through higher-level Peaceful China construction. The instructions were reported on Chinese state media.

TREE NEWS update: The People’s Bank of China and seven other departments jointly issued guidance on financial support for expanding and upgrading the services sector, calling for an improved financing system that backs early-stage, small, long-term and hard-tech investment. The document encourages qualified services firms to issue bonds, list and pursue M&A, and promotes venture capital, industrial funds and patient capital. It also calls for using asset securitization and REITs to unlock stable-cash-flow service assets such as logistics, tourism and healthcare.

TREE NEWS update: The People’s Bank of China and seven other government departments jointly issued guidance on financial support for expanding and upgrading the service industry. National banks are instructed to leverage their funding scale and branch networks and to independently select 3-5 priority areas tied to major national strategies and weak links in the service sector. Local banks must focus on 1-2 industries, while insurers are urged to offer business-interruption, cyber-security, public-liability, health and accident coverage.

TREE NEWS update: The People’s Bank of China and seven other government departments jointly issued guidance on financial support for expanding and upgrading the services sector. The document encourages financial institutions to focus on the funding needs of service-sector businesses and to provide first-time loans, credit loans and medium- and long-term loans. It also calls for innovation in credit products, better intellectual-property pledge financing, and improved credit profiling for small and micro firms.

TREE NEWS reports: China’s listed-company association reported that 17 companies completed IPOs across the domestic market in August, raising a combined RMB 22.08 billion, with ChiNext and STAR Market issuers accounting for 61% of proceeds. As of Aug. 31, 2026, the mainland stock market had 5,558 listed companies, including 2,318 on the Shanghai exchange, 2,901 in Shenzhen and 339 in Beijing. No companies were delisted during the month.

TREE NEWS reports: The US 10-year Treasury yield climbed to 5.234%, its highest level since mid-2007, while the 30-year yield rose to 5.542%, the highest since 2004. The move marks a fresh multi-decade peak in long-dated US government borrowing costs.

TREE NEWS update: Bank of England Deputy Governor Dave Ramsden said he does not expect further quantitative easing to be considered in the near term, adding that inflation risks at home and abroad are now skewed more to the upside. He said he will watch energy prices, weather and AI supply-chain pressures, plus indirect effects such as food prices and early signs of second-round effects. If upward pressure on the inflation outlook keeps building, there may be a case for raising Bank Rate.

TREE NEWS update: China’s National Financial Regulatory Administration and the Ministry of Science and Technology jointly convened a tech insurance exchange meeting, calling for expanded insurance coverage focused on major national science tasks and tech SMEs. Insurers are urged to push products into industrial parks, incubators and high-tech zones, and to embed risk assessment, monitoring and hazard checks across the R&D, pilot testing and commercialization chain. Insurance institutions were also told to strengthen teams, talent and performance assessment while accumulating tech risk data and improving actuarial pricing.

TREE NEWS update: China’s State-owned Assets Supervision and Administration Commission (SASAC) said it will further guide industry self-discipline and correct “involutionary” competition among some centrally administered state-owned enterprises. SASAC spokesperson Wang Shaofei, speaking at a State Council Information Office briefing on September 28, said the commission and central SOEs are confident of meeting full-year production and operating targets, with the fourth quarter focused on carrying through measures planned at the start of the year.

TREE NEWS update: Honor CEO Li Jian said the Magic9 series sold 194% more than the previous flagship series across all e-commerce platforms in the first half hour after launch. The company unveiled the lineup at a product event in Beijing on September 28. No unit figures or pricing were disclosed.

TREE NEWS reports: Morgan Stanley strategist Marina Zavolock said rising bond yields are “far from worrying levels” for equities, and stocks can stay resilient even as US Treasuries sell off again. She noted that sentiment turned panicky when the 10-year Treasury yield hit 5%, but said that is not yet a recession-signaling level, pointing to narrowing European high-yield credit spreads as the gauge to watch.

TREE NEWS update: Xinhua Media said the audit and valuation work for its planned share issuance to acquire 100% of Shanghai Jiemian Cailianshe Technology Co. has not been completed. The company’s shares rose more than 20% cumulatively over two consecutive trading days on September 24 and September 28, 2026, closing limit-up again on September 28. Its latest trailing price-to-earnings ratio is 190.25, far above the industry average of 17.88.

TREE NEWS reports: The US 10-year Treasury yield climbed 7 basis points to 5.23%, its highest level since 2007. The move marks a fresh multi-year peak for the benchmark rate used to price everything from mortgages to corporate credit.

TREE NEWS reports: Bitcoin dropped below $83,000 on Monday, moving with US stock futures after US President Donald Trump declined to commit to permanently halting strikes on Iran. The decline kept bulls from targeting the yearly open, with liquidity hunting continuing to drive price action.

TREE NEWS update: COSCO Shipping Energy Transportation said it will inject RMB 1.7 billion of its own funds into wholly owned subsidiary Shanghai COSCO Shipping LNG Investment Co. to optimize the unit’s capital structure and build green, low-carbon, industry-chain-synergized specialized transport capacity. The board approved the cash capital increase at its 13th 2026 meeting on September 28, 2026. No shareholder vote is required and the deal does not constitute a major asset restructuring.

TREE NEWS reports: Donald Trump rejected an Iranian proposal, pushing oil prices higher and reigniting a global bond selloff. Two-year US Treasury yields rose 5 basis points to 4.91%, with German and UK two-year yields up 5bp each to 3.33% and 4.89%; Japanese and Australian yields moved similarly. Rising energy costs threaten to lift inflation, while surging US business activity, debt-level concerns and rate-hike expectations add to the pressure. Last week the 10-year Treasury yield hit its highest since 2007.

TREE NEWS update: Hebei province issued an 8.0 billion yuan 10-year general local government bond at a coupon of 1.73%. The bid-to-cover marginal ratio was 3.52 times against an expected ratio of 1.69, indicating strong demand for the paper.

TREE NEWS reports: WTI crude oil rose as much as 3.0% intraday to trade at $95.19 a barrel. The move marks a sharp single-session gain for the US benchmark, with the price holding at that level at the time of the reading.

TREE NEWS update: Russia’s Defense Ministry said its armed forces used drones overnight from March 27 to March 28 to strike logistics and communications centers, port infrastructure and vessels serving Ukraine’s military. No damage assessment or casualty figures were given. The reported targets were facilities tied to Ukrainian military logistics and shipping.

TREE NEWS reports: China’s auto industry posted a 3.6% sales profit margin for January-August 2026, with profit down 16% year-on-year to 253.4 billion yuan. Revenue rose 2.9% to 7.0062 trillion yuan while costs climbed 4% to 6.237 trillion yuan. Output fell 3% to 20.31 million units over the period.