Flash News

TREE NEWS update: Country Garden Holdings announced that its attributable contracted sales for August totaled approximately RMB2.28 billion, covering about 280,000 square meters of attributable contracted sales floor area. The figures reflect the developer’s ongoing sales performance amid a challenging property market.

TREE NEWS update: China and Kyrgyzstan have reached a consensus to deepen practical cooperation in trade and economy, including expanding trade scale, optimizing structure, and enhancing e-commerce and digital economy collaboration. The Chinese Ministry of Commerce signed a joint statement on services trade and investment agreement negotiations and an e-commerce cooperation memorandum with Kyrgyzstan, providing institutional support for bilateral cooperation.

TREE NEWS update: China’s Ministry of Industry and Information Technology and nine other departments issued the 15th Five-Year Plan for Promoting SME Development, which includes establishing the second phase of the National SME Development Fund to guide social capital towards early-stage, small, long-term, and hard-tech investments. The plan also strengthens support for SME listings, deepens the ‘Specialized, Refined, Distinctive, and Innovative’ board on regional equity markets, and promotes bond financing through a ‘tech board’.

TREE NEWS update: A Michigan judge has ordered Kalshi to stop offering sports event contracts in the state, labeling the platform a sports betting operation “masquerading as an investment opportunity.” The court threatens fines of up to $500,000 per day for non-compliance. Kalshi, a federally regulated prediction market, has not yet commented on the ruling.

TREE NEWS update: China’s Ministry of Industry and Information Technology and nine other agencies issued the 15th Five-Year Plan for Promoting SME Development, urging efficient use of government investment funds to channel more patient capital into seed- and early-stage small firms. The plan encourages entrepreneurship and explores applications in emerging industries such as new energy, robotics, quantum tech, and embodied AI, while supporting incubation and university science parks.

TREE NEWS update: China’s Ministry of Industry and Information Technology and nine other departments issued the 15th Five-Year Plan for Promoting SME Development, targeting 2030. Goals include a 15% cumulative rise in per-capita revenue of above-scale SMEs, 22,000 specialized ‘little giant’ firms, and 600 national SME industrial clusters. The plan emphasizes digital-intelligent and green transformation, improved services, and diversified financing channels.

TREE NEWS update: Spain has summoned Morocco’s ambassador to protest recent remarks by two Moroccan government ministers about Ceuta and Melilla, which Madrid called ‘unacceptable.’ The move, reported on September 3, underscores diplomatic tension over the Spanish enclaves in North Africa.

TREE NEWS update: The Shanghai Stock Exchange will enrich its cross-border ETF product lineup, including coverage of Middle East markets, and continue to improve two-way connectivity mechanisms, said Zhang Bin, director of its international cooperation department, at the Saudi Capital Markets Forum. Cross-border ETF assets under management exceeded 500 billion yuan as of end-August 2026, nearly eight times the level five years earlier.

TREE NEWS update: Moore Threads said at its 2026 semi-annual results briefing on Sept 3 that its GPUs are used across internet, cloud, low-altitude economy, gaming, research and government scenarios. In H1 2026, the company brought in clients from key sectors including leading internet companies and telecom operators, covering customers from AI enterprises to individual consumers.

TREE NEWS reports: The onshore yuan closed at 6.7181 per dollar at 16:30 Beijing time, up 38 pips from the previous official close and 12 pips from the overnight close. The move reflects modest dollar weakness in Asian trading.

TREE NEWS update: Iran claimed on Thursday it attacked US bases in the United Arab Emirates and Kuwait. The announcement marks an escalation in regional tensions, though no further details were provided.

TREE NEWS update: Russian President Vladimir Putin said on September 3 at the Eastern Economic Forum that Russia and Ukraine remain in contact, mainly through intelligence channels. However, given Kyiv’s recent statements, it is difficult to assess whether these contacts can lead to a peaceful resolution.

TREE NEWS update: On September 3, Chinese Vice Premier Ding Xuexiang co-chaired the 13th meeting of the China-Russia Investment Cooperation Committee in Vladivostok with Russian First Deputy Prime Minister Denis Manturov. The meeting focused on bilateral investment cooperation, marking the latest high-level exchange between the two governments.

TREE NEWS update: Jinlong Co. said it plans to transfer its 20% stake in Dongguan Securities and has reached a preliminary intention with Dongguan Investment Holding Capital, signing a non-binding memorandum. Negotiations will continue, with audit and due diligence to follow, though approval and timing remain uncertain.

TREE NEWS update: WeChat PR director @微信粥姨 responded to user interest in the ‘view single unfollowing friends when over 10,000 contacts’ feature, clarifying it is not designed to identify who deleted you, but to help users overwhelmed by contact limits manage their relationships. The statement was made in a post on the platform.

TREE NEWS update: South Korea’s Ministry of Economy and Finance will convene a market assessment meeting on Friday. The meeting aims to review current financial market conditions and discuss responses to recent volatility. Details of the agenda have not been disclosed.

TREE NEWS update: GoPro (GPRO) rose over 13% in premarket trading after announcing a $285 million all-cash acquisition of optical module maker Starman Optical. The deal is expected to expand GoPro’s technology and manufacturing capabilities. Shares surged on the news.

TREE NEWS reports: Hong Kong stocks closed lower on Friday, with the Hang Seng Index down 0.39% and the Hang Seng Tech Index down 1.08%. Shein fell over 8%, while tech stocks mostly weakened, with NetEase and Alibaba each dropping over 2%.

TREE NEWS update: China handed over 300,000 doses of veterinary vaccines to Pakistan at a ceremony at the National Agricultural Research Centre in Islamabad on Tuesday, fulfilling a 2025 agreement. Coordinated by China’s Ministry of Agriculture and Rural Affairs, the vaccines target lumpy skin disease and brucellosis in cattle. The doses had already arrived in Islamabad.

TREE NEWS reports: Snowflake shares jumped over 24% in premarket trading after the company reported a “healthy” earnings report and showed momentum in AI coding. The strong results signal robust demand for its data cloud services amid growing AI adoption.