Flash News

TREE NEWS update: Hong Kong’s Marine Department and the Guangdong Maritime Safety Administration signed two working arrangements on 28 May covering Guangdong-registered yachts entering Hong Kong waters and Hong Kong yachts entering Guangdong. The agreements, known as “Guangdong yachts southbound” and “Hong Kong yachts northbound,” implement cross-border yacht visits between the two jurisdictions.

TREE NEWS update: E Fund, China AMC, GF Fund, Fullgoal, Huatai-PineBridge and Bank of China Investment Management have filed notices adding Y-class shares to their secondary bond funds and partial-equity hybrid funds, formally expanding private pension fund offerings to these categories. A total of 26 ‘fixed-income plus’ products have entered the private pension pool, giving investors new medium-to-low risk options.

TREE NEWS update: Sinopec’s Beijing, Hubei, Guangdong and Shandong petroleum units have completed system upgrades at fuel stations to launch instant e-invoicing, the company said. Under the pilot, fully digital electronic invoices are issued to buyers in full via the tax authority’s Leqi platform immediately after each refined-oil retail transaction is completed.

TREE NEWS update: China’s State-owned Assets Supervision and Administration Commission said central state-owned enterprises must step up scientific and technological innovation to better forge the nation’s strategic science and technology strength. SASAC spokesperson and vice chairman Pang Xiaogang made the remarks at a State Council Information Office briefing on implementing the 15th Five-Year Plan and advancing high-quality development of central SOEs. During the period, SASAC will guide central SOEs to play a principal role in innovation under the new nationwide system.

TREE NEWS reports: The onshore yuan closed at 6.7128 per US dollar at 16:30 Beijing time, 3 pips stronger than the previous official close. Against the prior overnight session close, the currency was 3 pips weaker. The dollar-yuan fixings left the spot rate little changed on the day.

TREE NEWS update: India and the United Arab Emirates will jointly advance shipbuilding and container manufacturing, the two countries said. The cooperation covers both vessel construction and the production of shipping containers, though no timeline, investment figure or specific projects were disclosed. The move links two major maritime and logistics players in the Indian Ocean region.

TREE NEWS reports: Of 964 active US unicorns, 537 — about 56% — last raised at a priced round in 2021 or 2022, PitchBook’s Q3 2026 quantitative outlook shows. VC fund distributions are running at just 7.9% of NAV, roughly half the 14.5% long-run average. When these companies do test a price, public and secondary buyers apply steep discounts, so many opt to stay private rather than reprice.

TREE NEWS update: Samsung Electro-Mechanics will invest 4.27 trillion won to expand its manufacturing plant. The South Korean electronic components maker disclosed the figure without specifying a timeline or the facilities involved. The investment is one of the company’s largest single outlays on production capacity.

TREE NEWS update: China’s State-owned Assets Supervision and Administration Commission will guide central state-owned enterprises to strengthen alignment with national strategic planning during the 15th Five-Year Plan period, SASAC spokesperson and deputy director Pang Xiaogang said at a State Council Information Office briefing on implementing the plan and advancing high-quality development of central SOEs. Pang said central enterprises must sharpen their strategic functions and better shoulder major missions.

TREE NEWS reports: Brent crude rose above $100 a barrel, up more than 2.5% intraday, while WTI climbed past $95 a barrel for a gain of 2.7% on the day. The move puts Brent back above the triple-digit mark amid a sharp session-wide rally in international oil prices.

TREE NEWS update: GLP China and Saudi International Power and Water Company (ACWA) announced a strategic partnership to explore new energy investment opportunities in the Chinese market, focusing on centralized wind power, solar photovoltaic and energy storage. The two companies did not disclose the scale or timing of any investment under the agreement.

TREE NEWS reports: Russian Deputy Foreign Minister Rudenko said Moscow does not believe Japan’s promise to withdraw US Typhon mid-range missile systems after joint military exercises conclude, Russian state media reported on September 28. He warned that Russia will not leave such actions without a response.

TREE NEWS reports: Iran’s delegation has no plans to hold talks with the United States in New York, Iranian media reported on the 28th. IRNA, citing a source, said the delegation traveled to New York for the UN General Assembly and its agenda does not include a new round of negotiations with Washington. The foreign minister will depart for home on the 29th after completing the scheduled program.

TREE NEWS update: SASAC Deputy Director Pang Xiaogang said on Sept. 28 at a State Council Information Office briefing that central state-owned enterprises have planned and begun implementing major projects and landmark engineering programs around the ‘Six Networks,’ with about 2 trillion yuan of related investment arranged under the annual plan. Work on all projects is progressing smoothly, he said.

TREE NEWS update: The Anhui provincial government on Sept. 28 unveiled an implementation plan to make robotics and embodied intelligence a pillar industry, aiming for industrial robot output to rank among the national leaders and humanoid robot output to enter the country’s first tier by 2030. More than 10 segments including spraying, explosion-proof and warehouse logistics robots are targeted for domestic leadership, with a nationally influential robotics cluster by 2035.

TREE NEWS update: Sweden’s Social Democratic Party said on September 28 that its attempt to form a new government has failed, party leader Magdalena Andersson told a press conference. Sweden held parliamentary elections in early September, in which the opposition defeated the incumbent government led by the Moderate Party’s Ulf Kristersson and won a majority of seats. The Speaker of the Riksdag had tasked the Social Democrats and Andersson with trying to form a government.

TREE NEWS update: China’s State-owned Assets Supervision and Administration Commission said central state-owned enterprises held 99.3 trillion yuan in total assets as of the end of August, up 4.2% year on year, with the full-year figure expected to reach a new high. R&D spending by central SOEs rose 2.7% to 591.23 billion yuan in the first eight months, a fifth straight year above one trillion yuan.

TREE NEWS reports: The dollar fell below 157 against the yen on the day, down 0.36%, to trade at 156.76, after Japan’s top currency official, Atsushi Mimura, urged markets to heed a “very clear” warning on the yen. The move marks a short-term slide in the dollar-yen pair as investors weigh Japan’s verbal intervention.

TREE NEWS update: Iranian Foreign Minister Abbas Araghchi said on September 27 that Iran does not understand why the United States rejected its proposed “7-day plan,” telling a US media outlet that Washington “seems not to have read the relevant document,” judging by remarks by US Ambassador to the UN Mike Waltz. Araghchi demanded the US provide an answer for why it turned down the plan.

TREE NEWS reports: London Metal Exchange warehouse stocks moved in mixed directions, with lead inventories falling 3,825 tonnes and zinc rising 1,875 tonnes. Copper stocks dropped 150 tonnes, tin slipped 25 tonnes and nickel declined 24 tonnes, while aluminium stocks were unchanged.