Flash News

TREE NEWS reports: US initial jobless claims for the week of September 19 came in at 197,000, below the 200,000 expected and down slightly from the prior reading of 196,000. The figure, released by the US Department of Labor, indicates the labor market remains tight with layoffs running at low levels.

TREE NEWS update: The Shanghai Stock Exchange and China Securities Index Co. will revise the compilation methodology for certain SSE series composite indices, adding a 15% cap on any single constituent’s weight and moving up the removal date for risk-warned securities to the trading day after the second Friday of the month following the risk warning announcement. The changes take effect on October 26, 2026.

TREE NEWS reports: The Baltic Dry Index, which tracks freight rates for bulk commodities including iron ore, coal and grain, rose 1.25% to 3,473 points. The index’s move reflects the latest reading on dry bulk shipping rates.

TREE NEWS update: China Molybdenum (CMOC) said it has no obligation to allocate tungsten mining quota indicators to Yulu Mining, after Xiamen Tungsten filed for arbitration over tungsten production at their joint venture. CMOC said their 2001 joint-venture contract never explicitly covered the total quota control target, and that Yulu had long used its quota without basis. CMOC said it sought to renegotiate the cooperation model this year but Xiamen Tungsten refused.

TREE NEWS update: Wang Huning, member of the Standing Committee of the Political Bureau of the CPC Central Committee and Chairman of the National Committee of the Chinese People’s Political Consultative Conference, presided over and addressed the 56th Chairpersons’ Meeting of the 14th CPPCC National Committee in Beijing on the 24th. The meeting was held as scheduled, with Wang delivering a speech at the session.

TREE NEWS update: Zhu Kepeng, head of the disciplinary inspection group stationed at China Construction Bank by the Central Commission for Discipline Inspection and a CCB Party committee member, has retired after reaching retirement age, ending 11 years at the bank. Born in 1965, Zhu is 61 and spent his CCB tenure overseeing disciplinary inspection and supervision work.

TREE NEWS reports: The US dollar rose 0.4% against the Japanese yen to 158.88, extending its winning streak to a fifth consecutive session. The move keeps the greenback at elevated levels versus the yen.

TREE NEWS reports: Hedge fund manager Li Bei said the opportunity in Chinese property stocks has upgraded from ‘once in a decade’ to ‘once in 20 years,’ despite a sharp short-term hit to prices from new rules on completed-home sales. The Banxia Investment founder expects 1-2 more years of industry consolidation and wider gaps between developers, with a few top firms that combine product strength and financing advantages potentially seeing 5-10x share gains over coming years. She also repeated a warning on AI bubble risk.

TREE NEWS update: The China Council for the Promotion of International Trade’s automotive industry branch said Beijing will add a new international auto show in 2027, the Beijing International New-Quality Auto and Future Smart Mobility Exhibition. It will continue the Beijing International Auto Show in odd-numbered years, presented as a specialized thematic exhibition.

TREE NEWS update: China’s 12315 consumer complaint and reporting platform received 19.955 million complaints and reports in the first eight months of 2025, recovering 2.77 billion yuan (about $390 million) in economic losses for consumers, the State Administration for Market Regulation said at its third-quarter press briefing. The figures cover January through August.

TREE NEWS update: Rwanda’s Giseke irrigation project, built by a Chinese company, broke ground on the 23rd in the Gisagara district of Rwanda’s Southern Province. Agriculture and Animal Resources Minister Ndabamenye, attending the ceremony, said the project is a strong embodiment of the Rwanda-China partnership and will support the country’s agricultural development.

TREE NEWS update: China’s Ministry of Human Resources and Social Security is running four online job fairs for the artificial intelligence, new energy, low-altitude economy and light industry sectors from September 21 to 27, part of the Hundred-Day, Ten-Million Recruitment Campaign. More than 11,000 employers are participating, with demand for over 173,000 hires, organized by relevant industry associations and human resources service agencies.

TREE NEWS update: Spanish Prime Minister Pedro Sanchez said on September 23 that Spain has imposed an arms embargo on Israel and barred its territory from being used for military action that violates international law. Speaking during the general debate of the 81st UN General Assembly, Sanchez described the Israeli government’s conduct in the Gaza Strip as “outrageous.”

TREE NEWS update: China has formally included secondary bond funds with equity exposure and balanced hybrid funds in the national private pension fund product list, under a notice on the inclusion of such funds in the pension program. Nanfang Fund’s Nanfang Zhiyuan Mixed Fund added a Y-class share (Nanfang Zhiyuan Mixed Y), becoming one of the first ‘fixed-income plus’ products admitted to the private pension program.

TREE NEWS update: China’s central bank fined Guangfa Bank 17.1 million yuan for violations, the People’s Bank of China said. The penalty covers unspecified regulatory breaches by the lender. No further details on the violations or the payment deadline were disclosed.

TREE NEWS update: China Life Insurance said its board approved a plan to establish Qingdao Chengxin Zhida Equity Investment Center (Limited Partnership) with related parties and other investors. Total committed capital will not exceed RMB 6 billion, with China Life contributing no more than RMB 4.5 billion. The board passed the resolution on September 24, 2026, and the partnership agreement is expected to be signed by December 31, 2026.

TREE NEWS update: The Chinese Navy’s 48th escort task group arrived at Yangon Port in Myanmar on the 24th, beginning a five-day goodwill visit. The warships Tangshan, Daqing and Taihu entered the port at around 14:00 local time flying the flags of both countries, with weapons raised to ceremonial angles and sailors lined up on deck to greet the welcoming crowd.

TREE NEWS update: Saudi Arabia issued a warning on Wednesday about a potential danger in the city of Taif. Authorities did not specify the nature of the threat in the initial alert. The warning covers the Taif area and follows the kingdom’s standard public safety notification procedures.

TREE NEWS reports: As of 3 p.m. on September 24, 39 companies listed on China’s A-share market had released third-quarter earnings previews. The breakdown covers 3 companies on the Shanghai Main Board, 3 on the STAR Market, 1 on the Shenzhen Main Board, 6 on the ChiNext board, and 26 on the Beijing Stock Exchange.

TREE NEWS reports: Bitwise interviewed 15 large institutional investors between late March and April 2026 and found none planned to reduce crypto exposure during the roughly 50% drawdown from October 2025 to April 2026, with several adding to positions. Allocations range from 0.5% to 13% of investable assets, mostly 1%-2%, and bitcoin is held by every institution with crypto exposure. Governance, reputation and operational hurdles, not investment merit, are cited as the main obstacles.