Flash News

TREE NEWS update: China’s Ministry of Commerce held a teleconference to coordinate holiday supply of daily necessities ahead of the Mid-Autumn Festival and National Day, directing local authorities to help key suppliers expand sourcing and stock up on fresh produce and mooncakes. In ethnic minority regions, 5,100 tons of central frozen beef and mutton reserves will be released to boost meat supply. A daily monitoring system will run through the holiday period.

TREE NEWS update: Beijing’s housing regulator and three other departments issued rules requiring commercial housing projects to complete the main structural topping-out of each building before presale applications, applying to projects whose land-use rights are announced after Aug. 28, 2026. Presale funds must be fully supervised throughout the process, with supervision lifted only after joint acceptance checks.

TREE NEWS reports: Amazon will invest $3 billion to expand its quick commerce business in India through 2030, marking its largest bet on the sector to date. The company plans to put $1 billion into quick commerce by the end of 2027 and a further $2 billion by 2030.

TREE NEWS reports: Kobayashi Pharmaceutical is considering a takeover offer worth more than ¥500 billion (about $3.2 billion) from private equity firms CVC and Nippon Sangyo Suishin Kiko. The Japanese drugmaker said it is weighing the bid. No decision or timeline has been disclosed.

TREE NEWS update: Beijing’s housing regulator and three other municipal and financial authorities issued implementation rules on commercial housing pre-sales, effective Sept. 24, 2026. For commodity housing projects whose land-use rights sale is announced after Aug. 28, 2026, developers must complete the main structural topping-out before applying for pre-sales and submit a signed acceptance record. All pre-sale proceeds will be supervised in full throughout the process, with controls lifted only after joint project inspection.

TREE NEWS reports: New York Fed President John Williams said AI-driven growth could boost US productivity in a manner similar to the 1996-2005 period, with other gains reflecting stronger business formation. He expects a productivity boom and said the question is how long it will last.

TREE NEWS update: China’s Ministry of National Defense pushed back on foreign media claims that its first major revision of the National Defense Mobilization Law in 15 years is preparation for prolonged, large-scale war. Spokesperson Senior Colonel Jiang Bin said the law defines mobilization as converting economic and social strength into defense capability, and that China’s mobilization adheres to a defensive, self-defense and active-defense doctrine. He said there is no need for outside parties to over-interpret the revision.

TREE NEWS update: Shandong Gold said it adjusted its 2026 production plan, lowering its mined gold output target to 36-38 tonnes from a previously planned no less than 49 tonnes. The company cited safety self-inspections following industry accidents in the first half and heavier domestic mine infrastructure construction in the second half. It produced 48.89 tonnes of mined gold in 2025, with 2026 output expected to fall 11-13 tonnes year on year, which it said will weigh on revenue, total profit and net profit attributable to shareholders.

TREE NEWS update: Liu Guiping, party secretary and director of China’s State Administration for Market Regulation, led a team inspection in Beijing on September 23 covering food safety, special equipment safety, and price and quality stability of key consumer goods ahead of the Mid-Autumn and National Day holidays. The inspection focused on pre-holiday market supervision in the capital.

TREE NEWS update: Ping An Life Insurance Co. of China has elected Cai Ting as its new chairman, the company said. The appointment was made at the first meeting of the company’s ninth board of directors, following the election of the new board at an extraordinary shareholders’ meeting. Cai’s appointment remains subject to approval by the regulatory authority before taking effect.

TREE NEWS reports: An Iranian official said the conflict with the United States could expand further, Iran’s Fars news agency reported. No further details, timeline or specific remarks were given in the report. The statement comes amid ongoing tensions between Tehran and Washington.

TREE NEWS reports: China’s 53 bond ETFs reached a combined 1.001999 trillion yuan ($140 billion) in assets as of September 23, crossing the 1 trillion yuan mark for the first time. The market has expanded rapidly since the first domestic bond ETF, Guotai SSE 5-Year Treasury Bond ETF, launched in March 2013. Product offerings grew in 2025 with eight benchmark market-making corporate bond ETFs and two batches of 24 sci-tech innovation bond ETFs, pushing assets past 800 billion yuan at end-2025.

TREE NEWS reports: China’s foreign exchange market recorded total turnover of 26.28 trillion yuan (equivalent to $3.87 trillion) in August 2026, the State Administration of Foreign Exchange said. Bank-to-customer trading accounted for 4.30 trillion yuan, while the interbank market accounted for 21.99 trillion yuan. Spot market turnover reached 7.66 trillion yuan and derivatives 18.62 trillion yuan. Cumulative turnover for January-August stood at 207.46 trillion yuan ($30.21 trillion).

TREE NEWS reports: US stock index futures extended losses on Tuesday, with Nasdaq futures falling as much as 1% intraday. The 30-year US Treasury yield climbed to its highest level since 2004, pressuring equities. The moves mark a continued selloff in risk assets as long-dated borrowing costs rise.

TREE NEWS update: The Swiss National Bank said it stands ready to intervene in the foreign exchange market at any time, though it declined to disclose the direction of any intervention. The franc has already weakened, but the central bank remains prepared to act as needed. The relatively wide interest rate differential between the franc and both the euro and the dollar reduces the franc’s appeal.

TREE NEWS reports: Spot gold fell 0.5% during the session to trade at $4,265.74 an ounce. The decline marks a pullback in the metal’s intraday price after recent levels above $4,265.

TREE NEWS update: A domestically built super-large double-shield full-section tunnel boring machine, named “Yuexi Hao,” rolled off the production line in Xinjin District, Chengdu, and will be deployed on the Yuexi Tunnel of the Jinxi Expressway, China’s longest under-construction expressway tunnel. The machine’s cutterhead has a diameter of 13.01 meters, with a total length of 220 meters and a weight of 3,500 tonnes, and can simultaneously perform excavation, segment lining, surrounding rock support and muck removal, boosting tunneling efficiency 3 to 5 times over conventional drill-and-blast methods.

TREE NEWS update: China’s Ministry of National Defense on Thursday urged Japan to stop stirring up trouble over the South China Sea, after Tokyo’s embassy in Manila voiced “deep concern” over Beijing’s “dangerous actions” near Xianbin Jiao. Spokesperson Senior Colonel Jiang Bin said at a regular press briefing that Japan’s remarks followed a Philippine government vessel’s provocation in waters near the Nansha Islands reef. Jiang called on Japan to stop sowing discord in the region.

TREE NEWS update: New York Federal Reserve President John Williams said the central bank needs to bring inflation back to its target level in a timely manner, adding that another rate hike before the end of this year is reasonable. The remarks signal continued concern over price pressures as the Fed weighs its next policy move.

TREE NEWS reports: New York Fed President John Williams said the US economy is showing remarkable resilience, with the downside risk to full employment having diminished. He said the main challenge remains inflation, and that AI is generating fairly strong demand.