Flash News

TREE NEWS update: The Export-Import Bank of China issued 14 billion yuan of 1-year bonds at a coupon of 1.3477%, below the expected 1.3500%. The bid-to-cover ratio was 2.62 times and the marginal ratio 1.45 times, indicating solid demand for the policy bank’s short-dated debt.

TREE NEWS update: South Korea’s government said it will provide the full investment funding for a natural gas power plant in Texas, while equity in the project will be divided 50-50 with the US side. No investment figure or timeline was given. The arrangement would give Seoul a half stake in the plant despite financing the entire project.

TREE NEWS update: South Korea’s Ministry of Trade, Industry and Energy said the final announcement on its US investment plan will be made by President Donald Trump, and that funds would need to be transferred within 45 days if Washington requests them. The ministry did not specify a timeline for the announcement or the size of the planned investment.

TREE NEWS update: South Korea’s government said it would retain voting rights even if its stake in Westinghouse Electric is limited to 5% to 10%. The statement concerns the size of Seoul’s equity holding in the US nuclear power company and the governance rights attached to it. It did not specify the size of the stake it is seeking or the timing of any deal.

TREE NEWS update: Reserve Bank of Australia Governor Michele Bullock said supply-side shocks are difficult for monetary policy to address. The remarks point to the limits of interest-rate tools when price pressures stem from disruptions to production and supply rather than demand. Bullock did not announce any policy change in the comments.

TREE NEWS update: China’s ocean gross output value is expected to exceed 13 trillion yuan by 2030, the State Council Information Office said at a briefing on natural resource use under the 15th Five-Year Plan. The marine biopharmaceutical industry’s value added is projected to top 130 billion yuan by 2030, up 30% from 2025, while offshore wind installed capacity is set to double to 100 million kilowatts.

TREE NEWS reports: Southbound flows through the Stock Connect scheme recorded net buying of more than HK$5 billion, market data showed. The figure covers mainland Chinese investors’ net purchases of Hong Kong-listed shares. No breakdown by stock or sector was given.

TREE NEWS reports: China’s overnight Shanghai Interbank Offered Rate (SHIBOR) stood at 1.3640% on the latest fixing, unchanged from the prior session. The 7-day SHIBOR fell 1.70 basis points to 1.3893%, while the 3-month rate held steady at 1.4300%. The mixed fixings leave the short end of the interbank curve little changed.

TREE NEWS update: South Korean lawmakers have raised concerns about the commercial viability of the government’s US investment plan, which the government says is commercially viable and includes a 20-year profit-return arrangement. After a formal announcement, a “significant portion” of the investment is expected to be paid by the end of September. Lawmakers were briefed on nuclear power plants, a Texas power plant and an Alaska LNG project, with a focus on the Texas energy project, where South Korea plans to invest more than $20 billion.

TREE NEWS update: The Reserve Bank of New Zealand warned that near-term inflation could come in higher than its Monetary Policy Statement forecasts. The central bank flagged the risk without specifying a revised figure or timeframe. The warning concerns the path of inflation over the near term relative to the projections published in the MPS.

TREE NEWS update: China’s National Development and Reform Commission has offered 36 projects to private investors, with total investment estimated at 61.4 billion yuan and 15.6 billion yuan of private capital sought. Li Chao, deputy director of the NDRC’s policy research office, said the projects span railways, warehousing, wind power, energy storage, charging facilities and water diversion. Several projects have already drawn private investment interest.

TREE NEWS update: China Development Bank sold 47 billion yuan of bonds in four tranches, with one-year notes of 8 billion yuan priced at 1.3944%, three-year notes of 7 billion yuan at 1.4875%, five-year notes of 12 billion yuan at 1.4889% and 10-year notes of 20 billion yuan at 1.7284%. Bid-to-cover ratios ranged from 2.61x for the one-year to 3.58x for the five-year, with the five-year drawing the highest marginal ratio at 13.64x.

TREE NEWS update: China’s first cross-sea urban railway, the Ningbo–Xiangshan line, entered operation on Sept. 22. The 61.45-kilometer route runs from Xiaoyangjiang station in Ningbo’s Yinzhou district to Damuwan station in Xiangshan county, with 10 stations. It uses four-car Type A urban trains with a top operating speed of 160 km/h.

TREE NEWS reports: The MMLC battery-grade lithium carbonate midprice stood at 132,500 yuan per tonne in early trading, up 250 yuan from the previous day’s 16:30 level. The early-session quote marks a modest gain for the battery material used in lithium-ion cells.

TREE NEWS update: China’s National Development and Reform Commission will accelerate the rollout of the Satellite Navigation Regulation, policy research deputy director Li Chao said at the NDRC’s September press conference. The move supports a goal of pushing the BeiDou industry past 1 trillion yuan within five years, alongside work on chips, key components and fusion algorithms, and integration with AI and satellite internet.

TREE NEWS update: China’s National Development and Reform Commission said 1.4 billion smartphones are now equipped with BeiDou positioning services, as the satellite navigation system’s application scenarios and scale continue to expand. The figure was disclosed by the NDRC in a statement on the system’s adoption. No further details or timeline were provided.

TREE NEWS update: China’s National Development and Reform Commission said BeiDou positioning services are now installed on 1.4 billion smartphones, as the satellite navigation system’s application scenarios and scale continue to expand. The figure was disclosed in an NDRC statement on the growth of BeiDou use cases. No further details were provided.

TREE NEWS update: China’s National Development and Reform Commission said the country’s agricultural production is capable of withstanding risks including an expected super El Niño, which professional forecasts say will emerge this autumn and winter, peak at the end of the year and persist into next summer. Li Chao, deputy director of the NDRC’s policy research office, told a September press conference the commission will work with relevant departments to monitor conditions and respond proactively.

TREE NEWS update: China’s National Development and Reform Commission said the country’s agricultural production is capable of withstanding risks including an expected super El Niño, which professional forecasts say will emerge this autumn and winter, peak at year-end and persist into next summer. Li Chao, deputy director of the NDRC’s policy research office, told a September press conference the climate impact brings major uncertainty to global grain output. The NDRC will work with relevant departments to monitor conditions and respond actively.

TREE NEWS update: Saudi warplanes carried out three airstrikes on the port city of Mocha in Yemen’s Taiz province on the 22nd, causing multiple casualties including women and children. Saudi Arabia has not yet responded to the reports.