Flash News

TREE NEWS update: A Greater Bay Area hydrogen application pilot deployment meeting was held in Guangzhou on September 22, setting out plans to promote 16,000 hydrogen fuel-cell vehicles and build 100 new hydrogen refuelling stations during the pilot period. Guangzhou also launched an initiative calling for highway toll discounts for hydrogen vehicles and cross-provincial mutual recognition of such perks.

TREE NEWS reports: Chinese car brands including BYD captured nearly 12% of Europe’s new-car sales in August, a record high. They accounted for a quarter of all hybrid sales and a third of plug-in hybrid sales. Demand for battery and hybrid vehicles rose 27% in August, offsetting falling petrol-car demand, and the overall market grew 4.6%.

TREE NEWS update: A natural gas processing facility built by China’s Zhenhua Oil Holding Co. began operation on the 22nd at Iraq’s East Baghdad oilfield, with Iraqi Oil Minister Basim Mohammed Khudair attending the inauguration. The unit has a designed processing capacity of 25 million standard cubic feet per day and is a key project for improving the oilfield’s surface production system and advancing associated gas utilization.

TREE NEWS update: The People’s Bank of China issued 60 billion yuan of six-month central bank bills in Hong Kong, with a winning bid rate of 1.37%. The offshore issuance adds to the PBOC’s regular bill sales in the city, which are used to manage yuan liquidity outside the mainland.

TREE NEWS reports: Shenzhen recorded 1,556 second-hand home transactions in the week of Sept 14-20, up 11.6% week-on-week and the highest in five weeks. In the 22 days after the Aug 28 policy easing, new buyer inquiries rose 8.1% and property viewings 19% versus the prior 22 days, while Beike-monitored second-hand contract signings rose 14% and new-home subscriptions 24%.

TREE NEWS update: Eurozone September flash manufacturing, services and composite PMIs are due at 16:00 Beijing time, preceded by French, German and UK readings and followed by US flash PMIs at 21:45. ECB Vice President Boris Vujcic speaks at 15:00 on digital banking and digital regulation, with ECB governing council members Ulo Kaasik, Boris Vujcic and Zigman, plus chief economist Philip Lane, also scheduled. Japan’s stock market is closed for a holiday.

TREE NEWS update: Hong Kong Exchanges and Clearing will launch RMB-denominated gold futures settled in Hong Kong in early 2026, HKEX managing director and head of markets Yu Xueqin said. The exchange plans to roll out more RMB-denominated commodity investment products, including precious metals, to broaden the range of RMB-denominated assets.

TREE NEWS reports: Global handheld smart camera shipments topped 5.88 million units in the second quarter of 2026, up 57% year on year, with sales value reaching nearly RMB 15.7 billion, up 50%. IDC expects shipments to approach 41 million units by 2030, a five-year compound annual growth rate of nearly 20%.

TREE NEWS update: China’s Communist Party Central Committee approved Wang Lujin’s appointment as a member of the Henan Provincial Party Standing Committee, deputy secretary of the Henan Provincial Party Committee, and secretary of the provincial government’s Party Leadership Group. The Henan Provincial Party Committee announced the decision, placing Wang in line to head the provincial government.

TREE NEWS update: Japanese Prime Minister Sanae Takaichi said she has reached a consensus with US President Donald Trump on economic security relations between the two countries. Takaichi announced the agreement without giving further details on the specific areas covered or any accompanying measures. Neither side has released additional terms of the understanding.

TREE NEWS update: The 2026 Global Governance Forum (Xiongan) will be held in late October 2026 in Xiongan New Area, Hebei province, the Chinese People’s Institute of Foreign Affairs said. The institute is the organizer named for the event. No further agenda or participant details were disclosed.

TREE NEWS update: Iranian Foreign Ministry spokesman Esmail Baghaei said talks with the United States conducted through Qatar as an intermediary were intended to convey Tehran’s demands. He said those demands include halting fighting on all fronts, lifting the US naval blockade and economic war, and unfreezing Iranian assets.

TREE NEWS update: CITIC Securities has arranged an internal leadership change under which Chairman Zhang Youjun will retire and current general manager Zou Yingguang will take over, with the arrangement made on September 22. The appointment still requires the listed company’s formal corporate procedures before taking effect.

TREE NEWS update: China’s Ministry of Finance sold 40 billion yuan of 91-day bonds at a 1.1101% yield, with a marginal rate of 1.1666% against expectations of 1.1100%, drawing a 2.86x bid-to-cover and a 1.30x marginal ratio. A separate 60 billion yuan 182-day issue priced at 1.1558%, with a marginal rate of 1.1943% versus 1.2200% expected, on a 2.62x bid-to-cover and 1.47x marginal ratio.

TREE NEWS update: Iranian President Masoud Pezeshkian has arrived in New York, Iran’s state media reported. The visit comes as Tehran continues diplomatic engagement around regional and international issues. No further details on his schedule were immediately provided.

TREE NEWS reports: The Shanghai Composite closed the morning session at 3,938.08, down 0.36%. The Shenzhen Component fell 0.58% to 13,644.72, the ChiNext Index dropped 0.43% to 3,385.30, and the CSI 300 eased 0.50% to 4,521.75. The STAR 50 shed 0.12% to 1,662.98, while the CSI 500 and CSI 1000 lost 0.38% and 0.20% respectively.

TREE NEWS reports: China’s three major A-share indices edged lower at the midday break on September 23, with the Shanghai Composite down 0.36%, the Shenzhen Component down 0.58% and the ChiNext down 0.43%, while the BSE 50 rose more than 2%. PCB names kept rallying, with Daya Shengxiang notching a fourth straight limit-up, and glass-substrate concept stocks also climbed. More than 3,500 stocks fell across the Shanghai, Shenzhen and Beijing exchanges, with half-day turnover at 1.17 trillion yuan.

TREE NEWS reports: China’s electric vehicle charging infrastructure reached 24.223 million units at the end of August 2026, up 39.6% year on year, the National Energy Administration said, citing data from the national charging facility monitoring service platform. The figure covers charging guns across the country.

TREE NEWS reports: China’s overnight Shanghai Interbank Offered Rate (SHIBOR) stood at 1.3613% on the latest fixing, down 0.27 basis points. The 7-day SHIBOR came in at 1.3840%, down 0.53 basis points, while the 3-month rate was unchanged at 1.4300%.

TREE NEWS update: Madagascar’s Ministry of Public Health said on the 22nd that the death toll linked to measles and malaria in the southeastern Ifanadiana district has risen to 37, 75% of them children. Seven more people are receiving treatment at health facilities.