Flash News

TREE NEWS reports: China’s compulsory auto liability insurance (Jiaoqiangxian) paid out 252.4 billion yuan in 2025, up 11.6% year on year. The number of insured motor vehicles reached 386 million, up 3.8%, with insured automobiles at 347 million, up 3.9%. Total coverage provided by the scheme rose 3.4% to 76.8 trillion yuan.

TREE NEWS reports: Bitcoin fell below $84,000, giving back more than $3,500, as the 10-year Treasury yield closed at its highest level since July 2007. The move came on a day that also brought a hot U.S. business survey and the highest five-year auction yield since 2006.

TREE NEWS reports: Bitcoin traded near $83,200, falling below $84,000 as the 10-year Treasury yield reached a 19-year high. Odds of a Federal Reserve rate hike stood at about 75%, while the Treasury prepared a $6 billion buyback of long-dated bonds.

TREE NEWS update: China’s Ministry of Transport expects about 2.13 billion cross-region passenger trips during the National Day holiday, an average of roughly 300 million per day, Vice Minister Li Yang said at a State Council Information Office briefing. For the Mid-Autumn Festival period, travel is forecast to grow moderately to 650 million trips, or about 220 million a day.

TREE NEWS update: China’s Ministry of Industry and Information Technology, together with the Ministry of Public Security’s Traffic Management Bureau, the Ministry of Ecology and Environment’s Atmospheric Environment Department and the State Administration for Market Regulation’s Quality Development Bureau, convened a meeting with major manufacturers of trucks, buses, special-purpose vehicles, trailers and motorcycles. The four departments briefed the companies on the vehicle product safety situation and instructed them to carry out product safety hazard inspections and supervisory checks.

TREE NEWS update: Hamas spokesman Qassem said on the 24th that the group is fully prepared to implement the roadmap agreement for the Gaza peace plan reached with the ‘Peace Committee,’ and has taken all necessary steps. Qassem blamed the complete stalemate in the current Gaza ceasefire and related roadmap entirely on the Israeli government’s refusal to honor its commitments and its continued escalation of military operations in Gaza.

TREE NEWS reports: The UK’s CBI retail sales balance for September came in at -55, down from -48 in the previous month, the Confederation of British Industry said. The reading indicates a deepening contraction in retail sales volumes, with the negative figure signalling that a larger share of retailers reported falling sales than growth.

TREE NEWS update: China’s Defense Ministry spokesperson Jiang Bin said on the 24th that China and Iraq enjoy friendly state and military relations and maintain exchanges and cooperation, when asked at a regular press briefing whether the Iraqi government had formally requested to purchase Chinese-made air defense systems and whether China would facilitate such a deal. Jiang said the two sides play a constructive role in regional and world peace and stability.

TREE NEWS reports: Bank of England MPC member Swati Dhingra said UK financial conditions have already tightened substantially, adding she is encouraged by current pricing. She said she does not see broad price increases like those in 2022, and described the labour market as fairly weak. Winter energy prices will be crucial for second-round effects.

TREE NEWS reports: Some Chinese regional small banks are winding down existing out-of-province deposits, with one private bank planning to phase them out entirely by the end of 2027, a bank insider said. Financial regulators have tightened requirements for private and local commercial banks to operate within their home regions, forcing lenders that once relied heavily on internet platforms to raise deposits to convert those holdings into compliant local deposits.

TREE NEWS update: All flights operated by Iranian airlines to the United Arab Emirates have been cancelled. The report gave no reason for the cancellations and did not specify how long the suspension would last or which carriers were affected. The UAE is a major hub for Iranian travellers and trade.

TREE NEWS update: The People’s Bank of China released its 2026 RMB internationalization report, pledging to further improve the basic institutional framework for cross-border RMB use to meet demand for settlement, investment, financing and risk management. The PBOC also said it will deepen financial market opening, support Shanghai as an international financial center, back offshore RMB markets and reinforce Hong Kong’s role, while balancing openness with financial security.

TREE NEWS update: China’s National Financial Regulatory Administration has clarified that insurance institutions permitted to invest in Hong Kong Stock Connect stocks may also invest in Hong Kong Stock Connect ETFs, under the same regulatory rules. The circular was issued to local financial regulators, insurance groups, insurers and insurance asset managers. The clarification took effect on September 20.

TREE NEWS update: The People’s Bank of China’s monetary policy committee held its third-quarter 2026 meeting on September 19, urging large banks to act as the main force in financial services for the real economy while pushing smaller banks to focus on their core business and strengthen capital. The PBOC also said it will make good use of structural monetary policy tools and step up financial support for domestic demand, tech innovation, small and micro enterprises and the construction of the “six networks.”

TREE NEWS update: Chinese Premier Li Qiang met Malaysian Prime Minister Anwar Ibrahim in Hangzhou on the morning of September 24, on the sidelines of the 48th WorldSkills Competition and the fifth Global Digital Trade Expo. Li said China treats ties with Malaysia as a priority in its neighborhood diplomacy and called for deeper building of the China-Malaysia community with a shared future. He noted the two sides have maintained close communication amid rising international conflicts.

TREE NEWS update: The People’s Bank of China’s monetary policy committee held its third-quarter 2026 meeting on September 19, pledging to curb herding behavior and the self-reinforcement of irrational expectations in the foreign exchange market while keeping the yuan basically stable at a reasonable and balanced level. The committee also said it would regulate credit market practices, lower intermediary financing costs, monitor long-term bond yields from a macro-prudential perspective, and improve the transmission of monetary policy.

TREE NEWS update: The People’s Bank of China’s monetary policy committee said at its third-quarter 2026 meeting on September 19 that it will continue implementing a moderately loose monetary policy and step up counter-cyclical adjustment. The committee cited a more complex external environment, weak global growth, frequent geopolitical conflicts and trade frictions, and noted the economy still faces supply outpacing demand, structural divergence and external shocks. It called for stronger coordination between monetary and fiscal policy to support stable growth and a reasonable rebound in prices.

TREE NEWS update: The People’s Bank of China’s monetary policy committee, at its third-quarter 2026 meeting held September 19, called for integrating incremental and existing policies and making policy more forward-looking, flexible and targeted. It said the PBOC should adjust monetary tools as needed to keep liquidity ample, so that social financing and money supply growth match economic growth and price-level targets, and push forward reform of the monetary policy operating framework.

TREE NEWS update: China launched the Yaogan-40 Group 04 satellites at 16:46 Beijing time on September 24, 2026, from the Taiyuan Satellite Launch Center aboard a Long March 6A rocket. The satellites entered their planned orbit and the mission was declared a complete success. They will mainly conduct electromagnetic environment detection and related technology tests. The flight was the 670th of the Long March rocket series.

TREE NEWS update: The Guangzhou Futures Exchange will widen the range of contracts open to qualified foreign institutional investors and RMB qualified foreign institutional investors from the trading session of Sept. 28, 2026, adding platinum and palladium futures and options. The bourse said the expansion covers both the futures and options contracts for the two metals.