Flash News

TREE NEWS update: A cargo ship was struck by an unidentified flying object and caught fire in the Strait of Hormuz on September 23, injuring two people, the UK Maritime Trade Operations office said. All crew members have been evacuated from the vessel. No further information on the source of the attack was immediately available.

TREE NEWS update: UBS said Switzerland’s capital rules are overly stringent rather than insufficient, pushing back on the framing that the country’s bank capital regime is too loose. The bank’s position comes as Swiss authorities weigh tougher requirements for the lender following its takeover of Credit Suisse. The comment is a direct objection to the premise that current rules understate UBS’s capital needs.

TREE NEWS update: China’s domestically developed 500MW Pelton turbine runner, the world’s largest single-unit capacity of its kind, was delivered in Deyang, Sichuan, and will be installed at the Datang Zhala hydropower station in Tibet. The delivery marks a new step for China’s high-end hydropower core equipment technology.

TREE NEWS reports: US stock index futures opened lower, with Nasdaq futures down 0.3%, Dow Jones futures down 0.2% and S&P 500 futures down 0.1%. The declines across all three major contracts point to a softer open for Wall Street.

TREE NEWS reports: The 2-year US Treasury yield climbed to 4.79%, marking a new high for the year, as Treasury yields continued to push higher. The move extends a sustained rise in short-dated yields.

TREE NEWS update: BMW Group began trial production of its energy control system at its powertrain plant in Shenyang on September 22. The move means all core elements of its sixth-generation power battery — technology R&D, component supply, cell manufacturing, and battery pack and energy control system production — will be fully localized in China.

TREE NEWS update: GF Fund has announced it will lower the management and custody fees for its GF SSE STAR Market 50 Component ETF (ticker: STAR 50 ETF GF) and its feeder fund, GF STAR 50 ETF Feeder, effective September 28, 2026. The company said the move covers both the on-exchange ETF and the linked feeder vehicle. No revised fee levels were disclosed in the announcement.

TREE NEWS reports: Spot silver dropped below $65 per ounce, falling more than 3% during the session. The move marks a sharp intraday decline for the precious metal, which had been trading above the $65 level. No further details were immediately available.

TREE NEWS reports: Nasdaq 100 index futures touched their intraday low and were down 0.2%. The move marks a modest pullback in the tech-heavy futures contract during the session.

TREE NEWS update: Wang Huiwen, co-founder of Meituan, publicly floated a buyout of Chinese restaurant chain Xibei on September 23, asking whether anyone wanted to form a group to acquire it. Writing on the social platform Jike, he said he liked Xibei regardless of whether its food is pre-prepared, citing solid hygiene standards and good taste. His remarks followed a self-media blogger’s claim that Xibei would completely shut down within two to three months.

TREE NEWS update: Xingyin Fund Management Co. appointed Dong Xiaoliang, formerly chief strategy officer at Huafu Securities, as its new chairman, effective September 22, 2026. Huang Deliang stepped down as chairman due to a work reassignment, though he remains with the firm. The fund manager oversees more than 100 billion yuan in assets.

TREE NEWS reports: Small and mid-sized Chinese banks are splitting on deposit pricing, with some raising rates while others cut medium- and long-term fixed deposit rates, and a few showing inverted term-rate structures. The divergence comes as deposit rates continue their industry-wide decline, with academics saying the broader trend is likely to stay stable with a downward bias.

TREE NEWS update: Six astronauts from China’s Shenzhou-20 and Shenzhou-21 missions have been awarded honorary titles and merit medals. The recognition covers the crews of both missions, with the honors announced in a single ceremony. No further details on the individual recipients or the specific titles were disclosed.

TREE NEWS reports: US MBA mortgage application activity fell 1.5% week over week in the week ended September 18, improving from a 4.1% decline the prior week. The weekly index tracks applications for home purchases and refinancing across the US mortgage market.

TREE NEWS update: Lin Honghong, vice chairman of the China Council for the Promotion of International Trade, met in Beijing with Matthias Rehder, president of the Giessen-Friedberg Chamber of Industry and Commerce in Germany. The two sides discussed strengthening exchanges and cooperation between the two organizations, supporting the joint development of Chinese and German companies, and deepening international cooperation on industrial and supply chains.

TREE NEWS update: Germany’s AfD won the state parliamentary election in Saxony-Anhalt, the eastern state’s electoral commission confirmed on September 23, publishing the final results of the vote held on September 6. The final tally formalized the party’s first-place finish in the state legislature.

TREE NEWS reports: One-month options on the euro against the dollar reached their most bearish level since August 4. The reading reflects increased demand for protection against further euro weakness versus the greenback. No further figures or dates were provided in the material.

TREE NEWS update: Beijing’s municipal planning and natural resources commission published its 11th batch of planned commercial residential land supply for 2026, covering four plots with a combined land area of about 19 hectares and roughly 230,000 square meters of planned floor area. Two plots are in the plain multi-point zone, in Changping district and the Economic Development Area, and two are in the ecological conservation zone, in Huairou and Yanqing districts. The plots are due to be supplied soon.

TREE NEWS reports: China’s Asset Management Association of China (AMAC) reported 1,890 newly filed private funds in August 2026, with total new filing scale of RMB 72.402 billion. Private securities investment funds accounted for 1,205 of the total at RMB 35.061 billion, while 126 private equity funds raised RMB 10.116 billion and 559 venture capital funds raised RMB 27.225 billion.

TREE NEWS update: Swiss lawmakers voted 29-16 in the upper house of parliament to back an amendment to the government’s regulatory reform bill that could force UBS to hold billions of dollars in additional capital. The amendment would require the bank to cover up to 90% of the value of its foreign subsidiaries with high-quality equity capital.