Flash News

TREE NEWS update: Liu Yandong, former Chinese vice premier and member of the 17th and 18th Politburo, died of illness in Beijing on Oct. 28, 2026, at the age of 81. She also served as vice chairwoman of the 10th National Committee of the Chinese People’s Political Consultative Conference and as state councilor, and was cited for her work in united front affairs, education, science and technology, health, and women’s and children’s affairs.

TREE NEWS update: China’s Vice Minister of Industry and Information Technology Xiong Jijun met with AmCham China President Michael Hart and representatives of member companies in Beijing on Oct. 28. The two sides exchanged views on strengthening cooperation in new energy vehicles, information technology and artificial intelligence.

TREE NEWS reports: Bitcoin sought to rebuild support at $80,000 on Wednesday as Asian and US tech stocks extended a rebound into key corporate earnings releases. A Morgan Stanley strategist said most of the cryptocurrency’s correction is over, pointing to a possible recovery toward $82,000.

TREE NEWS update: China’s Commerce Minister Wang Wentao met with Bernd Lange, chair of the European Parliament’s Committee on International Trade, and said Beijing and Brussels have held two trade and investment consultation meetings this year with substantial results. Wang said the two sides have the will and ability to resolve trade concerns through dialogue, while noting the EU’s recent push for a series of trade restriction tools, which he said negatively affects China-EU supply chain stability and business cooperation.

TREE NEWS update: Yinhua Guangdong Water Conservancy Closed-End Infrastructure Securities Investment Fund listed on the Shenzhen Stock Exchange on the 28th, becoming China’s first REIT backed by a water conservancy power generation facility and the country’s first provincial-level water conservancy REIT. The fund is managed by Yinhua Fund and invests in water conservancy infrastructure.

TREE NEWS update: Hang Seng Indexes said it will add Anthropic, PBC (ticker ANT.O) to the designated US-listed constituent list of the Hang Seng Port-US Tech Index, subject to Anthropic confirming a listing. The nine existing US-listed constituents will be reweighted to equal weight after the close of Anthropic’s seventh trading day, with the new constituent and weights effective on the eleventh trading day. The index will also update its stock-selection scope, constituent selection method, fast-entry mechanism and temporary-removal replacement rules, and add a liquidity requirement, effective from the September 30, 2026 index review, with constituent changes taking effect December 14. The index name and code remain unchanged.

TREE NEWS reports: Ski-related searches on Meituan rose 125% year-on-year in October as of Oct. 28, the platform said. Bookings for lodging within 5 km of ski resorts for stays between November and March grew 217% from a year earlier, with about 55% of November and December orders coming from southern cities, up 11 percentage points year-on-year.

TREE NEWS update: Ukrainian President Volodymyr Zelensky said on October 28 that he and U.S. President Donald Trump agree on the goal of ending the Russia-Ukraine conflict but differ on the path to peace. Zelensky said Ukraine understands Russia better than the United States because it has long bordered Russia.

TREE NEWS reports: The People’s Bank of China reported that the outstanding balance of RMB loans at financial institutions reached 283.44 trillion yuan at the end of the third quarter of 2026, up 4.8% year-on-year. In the first three quarters of the year, RMB loans increased by 11.52 trillion yuan.

TREE NEWS reports: China’s domestic passenger car retail sales are expected to grow between 0% and 5% in 2027, with a mean forecast of 2%. The team expects the market to bottom out and recover as short-term shocks reverse, cost pressure eases and supply-side product strength improves, assuming no unexpected policy or environmental changes. Market divergence is expected to intensify further.

TREE NEWS reports: Italy’s industrial sales rose 4.8% year-on-year in August, matching the previous reading of 4.8%. The figure indicates that the annual pace of growth in Italian industrial turnover held steady at the summer’s end.

TREE NEWS reports: Switzerland’s investor confidence index fell to -15.3 in October from 2.6 the previous month, a sharp swing into negative territory. The reading marks a deterioration in sentiment among Swiss investors, reversing the prior month’s positive print.

TREE NEWS update: China Merchants Energy Shipping’s board approved a 10 billion yuan increase to its 2026 related-party transaction quota with Sinopec Group and subsidiaries for oil transport and vessel chartering, lifting that item’s cap to 16 billion yuan and total 2026 routine related-party transactions to 23.735 billion yuan. The company said VLCC freight rates have surged since September 2026 on sustained demand and are unlikely to fall sharply this year, so oil transport and charter fees with Sinopec are expected to exceed the shareholder-approved quota.

TREE NEWS reports: The United States has been steadily expanding military activity at Ecuador’s Manta air base over recent months under the banner of counter-narcotics operations, with roughly 20 US military aircraft movements logged between June and mid-October. The base has also seen large-scale construction work in recent weeks.

TREE NEWS update: Qingdao issued a 7-year special local government bond for land reserves totaling 350 million yuan at a coupon of 1.4900%, with a marginal bid-to-cover ratio of 3.90 times against an expected 1.46. The city also sold 100 million yuan of 15-year special bonds at 1.9500%, 3.19 billion yuan of 20-year bonds at 2.1200%, and 1.818 billion yuan of 30-year bonds at 2.1900%.

TREE NEWS reports: China’s telecom business revenue totaled 130 million yuan in the first three quarters of 2026, down 2.5% year on year, the Ministry of Industry and Information Technology said. Telecom business volume, calculated at constant prices from the previous year, rose 7.3% over the same period.

TREE NEWS reports: China issued 343.8 billion yuan ($47.7 billion) in land reserve special bonds in the first three quarters of 2026. The bonds accounted for more than 50% of real-estate-related special bonds and nearly 10% of new special bonds issued in the period. Third-quarter issuance exceeded 150 billion yuan, higher than the first and second quarters, indicating an acceleration in issuance.

TREE NEWS update: Changzhou sold 18 residential land plots for a combined 6.346 billion yuan, with a total site area of 595,296 square meters and planned gross floor area of 731,548.7 square meters. The plots carried a combined starting price of 6.314 billion yuan. Two plots sold at premiums of 4.37% and 6.78%, while the rest were sold at their reserve prices.

TREE NEWS reports: The onshore yuan closed at 6.6669 per US dollar at the 16:30 Beijing time official close, 11 pips stronger than the previous official close and 1 pip stronger than the prior night session close. The move extends the currency’s modest firming against the dollar.

TREE NEWS update: COSCO Shipping Energy reported 2026 nine-month revenue of 25.243 billion yuan, up 47.03% year on year, with net profit attributable to shareholders at 7.389 billion yuan, up 171.90%. Third-quarter revenue alone reached 10.097 billion yuan, up 82.89%, and Q3 net profit rose 235.04% to 2.844 billion yuan. The company attributed the growth to a persistently strong foreign-trade oil tanker shipping market.