Flash News

TREE NEWS update: China’s Foreign Ministry said it will continue to optimize the digital development environment and contribute Chinese solutions to improving international rules, spokesperson Guo Jiakun told a regular press briefing. He said more than 1,200 delegates from nearly 50 countries and regions and relevant international organizations attended the launch ceremony of the fifth Global Digital Trade Expo, where Premier Li Qiang shared three points on digital trade trends, open cooperation and China’s role.

TREE NEWS reports: The Swiss National Bank said medium-term inflation pressure has risen only slightly, with commodity inflation driven mainly by higher oil product prices. It expects inflation to edge up further in the fourth quarter before falling again in 2027, and warned that the main risk to the Swiss economic outlook comes from global developments, especially a possible further deterioration in the Middle East. The SNB said it remains ready to intervene in foreign exchange markets if necessary.

TREE NEWS update: The Shanghai Futures Exchange has opened a public consultation on its corrugated base paper futures contract, options contract and related business rules. The exchange is soliciting feedback on the proposed contract terms and operational details. No effective date or launch timeline was disclosed.

TREE NEWS update: China’s Ministry of National Defense said the 13th Beijing Xiangshan Forum brought representatives of parties to multiple global conflicts together in one venue, a feat it said only China and the forum could accomplish. Spokesperson Senior Colonel Jiang Bin made the remarks at a regular ministry press conference in response to a question on delegates’ comments at the forum. Each dialogue, he said, adds a measure of hope for peace.

TREE NEWS update: China Development Bank issued an 8 billion yuan one-year bond at a coupon rate of 1.3754%, below the expected 1.3900%. Bidding reached 3.06 times the amount offered, with a marginal ratio of 2.67 times.

TREE NEWS update: China’s Ministry of National Defence spokesperson Jiang Bin said the DPP authorities are selling out national dignity and interests by donating the decommissioned warship Lianjiang to the Philippines, which has been registered as a Philippine law-enforcement vessel and tested in Kaohsiung port. Jiang urged Manila to abide by the one-China principle and halt any official or military exchanges with Taiwan.

TREE NEWS update: China’s Ministry of National Defense said the Philippines cannot change the nature of its provocation by ‘playing victim,’ after a Philippine vessel deliberately altered course and accelerated across the bow of a China Coast Guard ship near Xianbin Jiao in the Nansha Islands. Spokesperson Senior Colonel Jiang Bin said the facts are clear and the evidence solid, and that China will continue taking effective measures to defend its territorial sovereignty and maritime rights.

TREE NEWS reports: Sweden’s central bank expects interest rate hikes to begin this year. The Riksbank’s projected tightening path marks a shift toward higher borrowing costs in the Nordic economy.

TREE NEWS update: China’s State Administration for Market Regulation has unconditionally approved Tongwei Co., Ltd.’s acquisition of a stake in Qinghai Lihao Clean Energy Co., Ltd., the regulator said. The decision followed an in-depth competition analysis and is intended to support market-based M&A that optimizes resource allocation and curbs low-level, homogenized ‘involution-style’ competition. The regulator said it will keep improving its merger control efficiency to safeguard fair competition.

TREE NEWS update: The UN Security Council convened a high-level meeting on “Artificial Intelligence and International Security” on the 23rd to discuss how to address the security risks and regulatory challenges posed by the rapid development of AI. The session focused on the risks that fast-advancing artificial intelligence creates for international security and on the regulatory questions governments now face.

TREE NEWS update: Russian Foreign Ministry spokeswoman Maria Zakharova said on September 23 that the Canada-Ukraine “Century Partnership” declaration brings no benefit to the situation and will not produce positive results. Continued arms supplies to Ukraine only prolong the peace process and drag Western countries directly into the conflict, she said, adding that all military supplies bound for Kyiv are “legitimate targets” for Russia’s armed forces. Canadian Prime Minister Carney met visiting Ukrainian President Zelensky on the 10th, signing the Canada-Ukraine Century Partnership Declaration and a joint declaration on strengthened defense and security cooperation.

TREE NEWS update: Chinese Foreign Ministry spokesperson Guo Jiakun said at a regular press briefing that the ongoing US-Iran conflict does not serve the common interests of the parties involved or the international community. He called on relevant parties to uphold the choice of peace, resolve disputes through dialogue and negotiation, and work to restore peace and stability in the Middle East Gulf region as soon as possible. The remarks addressed the issue of navigation through the Strait of Hormuz.

TREE NEWS update: Chinese Foreign Ministry spokesperson Guo Jiakun said the continued US-Iran conflict does not serve the common interests of the parties involved or the international community, urging all sides to pursue peace and resolve disputes through dialogue and negotiation to restore calm to the Middle East and Gulf region. Guo made the remarks at a regular press briefing in response to Iranian President’s UN General Assembly speech.

TREE NEWS update: The Swiss National Bank kept its policy rate unchanged at 0% on Thursday, in line with market expectations. The decision leaves Switzerland’s benchmark rate at its existing level as the central bank assesses inflation and currency conditions.

TREE NEWS reports: Glassnode’s week-38 on-chain report says bitcoin never closed a day below its realized price during this bear market and has reclaimed both the true market mean and the long-term holder cost band. The June low held above realized price, making it the shallowest of the last three bear-market lows. The next major on-chain resistance sits at the mean MVRV price near $96,700, where options dealer hedging clusters around $95,000.

TREE NEWS update: US Treasury Secretary Scott Bessent said the United States and China have agreed to extend their trade truce to January 10, but Beijing has not confirmed the arrangement. Asked at a regular briefing whether China agreed to the extension, foreign ministry spokesman Guo Jiakun said questions on China-US trade talks should be directed to the competent Chinese authorities.

TREE NEWS update: China’s Foreign Ministry spokesperson Guo Jiakun said Beijing and Washington are maintaining communication on arrangements for interactions between the two countries’ leaders within the year. Asked whether further trade talks would be held during the APEC finance ministers’ meeting in Hong Kong in October, Guo referred the question to the relevant Chinese authorities. He was also asked whether China would invite US President Trump to the APEC summit in Shenzhen in November.

TREE NEWS update: Chinese Foreign Ministry spokesperson Guo Jiakun said at a regular press briefing that China opposes and cracks down on hacking in accordance with the law, and rejects the spreading of false cybersecurity information for political purposes. He urged the relevant New Zealand agency to stop spreading lies and creating friction, and to do more to enhance mutual understanding and trust between the two countries.

TREE NEWS update: China and the United States held their first dialogue on artificial intelligence under the bilateral economic and trade consultation mechanism, Chinese commerce ministry spokesperson He Yadong said on September 24. The two sides recently held an eighth round of trade talks in the United States, reaching multiple consensus points. Beijing said it will maintain close communication with Washington on follow-up work under the mechanism.

TREE NEWS reports: China’s treasury futures closed higher on the day, with the 30-year main contract up 0.31%. The 10-year and 5-year main contracts each gained 0.03%, while the 2-year main contract rose 0.01%. The across-the-curve advance was led by the longest-dated contract.