Flash News

TREE NEWS update: Geely Holding Group said it will fully implement China’s new guidelines on overseas competition and compliance for the auto industry, aiming to support high-quality exports of Chinese vehicles. The company pledged to uphold fair competition, strengthen local operations, and enhance technology and service to protect the global auto market order.

TREE NEWS update: China’s national student myopia rate fell to 49.9% in 2025, down 3.7 percentage points from 53.6% in 2018, according to data released by the National Disease Control and Prevention Administration on September 3. The rate has declined for five consecutive years.

TREE NEWS reports: The dollar fell 1.3% against the yen to 156.64, touching its lowest level in a month. The move reflects continued yen strength amid shifting rate expectations. Traders are watching for possible intervention by Japanese authorities.

TREE NEWS reports: British government bonds opened higher on the day, with the 10-year gilt yield declining 4 basis points to 5.2%. The move reflects improved demand for UK debt in early trading. No further details were provided in the initial report.

TREE NEWS update: At the 2026 World Power Battery Conference in Yibin on Sept 3, Vice Minister of Industry and Information Technology Xiong Jijun said the ministry will support industry players in breaking through technologies for all-solid-state, sodium-ion and lithium-metal batteries. The push aims to accelerate R&D of new material systems and process structures to improve energy density, safety and durability of power batteries.

TREE NEWS reports: China’s Shanghai and Shenzhen stock exchanges recorded a combined turnover of 1,758.916 billion yuan on September 3. The Shanghai market traded 819.882 billion yuan, Shenzhen 939.034 billion yuan, and the ChiNext board 433.789 billion yuan.

TREE NEWS reports: Bitcoin broke above 78,000 USDT on OKX, trading at 78,009.7 USDT, a 0.49% increase over 24 hours. The move marks the latest price action for the largest cryptocurrency as it continues to hover near recent highs.

TREE NEWS reports: European stocks opened mixed on [date]. Germany’s DAX rose 0.04%, the UK’s FTSE 100 gained 0.12%, and France’s CAC 40 slipped 0.01%. The Euro Stoxx 50 was up 0.05%.

TREE NEWS update: Upbit Singapore will list USDG (Global Dollar), a Solana-based stablecoin issued by Paxos, on its USDT market at 15:00 SGT on September 4. For the first five minutes after listing, sell orders will be restricted, and sell orders below 10% of the reference price will be rejected. USDG is pegged 1:1 to the US dollar.

TREE NEWS reports: China’s three major stock indexes closed slightly higher on Thursday, with the Shanghai Composite up 0.02%, Shenzhen Component up 0.1%, and ChiNext up 0.01%. Total turnover fell below 1.8 trillion yuan to 1.78 trillion yuan, while over 3,500 stocks declined. Liquid cooling concept stocks led gains, with Jitai Co. hitting a four-day limit up.

TREE NEWS reports: The dollar-yen pair fell to 157.0, trading at 156.967, down 1.7% over 24 hours. The move reflects continued yen strength against the dollar.

TREE NEWS update: Bank Negara Malaysia kept its overnight policy rate unchanged at 2.75% on Thursday, matching market expectations. The central bank’s decision reflects a balanced view on growth and inflation, with no change signaled in the near term. Analysts see the stance as supportive of economic recovery while monitoring global uncertainties.

TREE NEWS update: ByteDance is set to obtain a $29.6 billion syndicated loan, up from an initial $20 billion target due to strong bank demand. The funds will be used for general corporate purposes. The deal, not yet formally signed, would become Asia’s second-largest dollar-denominated syndicated loan this year, after SoftBank’s $40 billion bridge loan in March.

TREE NEWS reports: Chinese commodity futures closed lower on the day, with the container shipping (Europe route) main contract falling over 7%, fuel oil down nearly 4%, and lithium carbonate, coke, and coking coal down over 3%. LU fuel oil and asphalt fell over 2%. Palladium rose over 4%, while silicon iron, platinum, and silver futures gained over 2%.

TREE NEWS reports: Switzerland’s gross domestic product grew 1.9% quarter-on-quarter in the second quarter, accelerating from a revised 0.7% in the previous quarter. The data signals robust economic expansion, beating expectations. The figures were released by the Swiss authorities.

TREE NEWS reports: China’s A-share innovative drug concept partially recovered on Tuesday, with Qianjin Pharmaceutical hitting the daily limit up in late trading and Dezhan Health earlier sealing the limit. Innovent Biologics, Dizal Pharma and Baili Tianheng led gains.

TREE NEWS update: Sifang Technology’s shares hit the daily limit-down at 13.91 yuan per share, down 10.03%, on Sept. 3, the subscription and payment day for its ‘Sifang Convertible Bond’ rights issue. The company attributed the drop to investors selling shares to fund the subscription, calling it normal based on past cases.

TREE NEWS reports: The Indonesian rupiah strengthened by 0.5%, reaching its highest level since May. The currency’s advance reflects improved market sentiment toward emerging-market assets.

TREE NEWS update: The Securities Association of China has issued a draft best-practice document for securities firm mergers and acquisitions, the first of its kind to cover the entire process. The draft, titled Securities Industry Best Practice No. 7 – Securities Firm M&A (Draft for Comments), was sent to member firms for feedback. It systematically outlines key points from due diligence to integration, drawing on completed merger cases to guide high-quality industry consolidation.

TREE NEWS reports: China’s home textile exports reached $19.64 billion in the first seven months of 2024, up 3.7% year-on-year, according to the China Chamber of Commerce for Import and Export of Textile and Apparel. July alone saw exports of $3.06 billion, a 4.9% increase. The industry shows steady growth with improved product mix and diversified markets.