Flash News

TREE NEWS update: China’s Ministry of Commerce has released draft measures governing export certificates for dual-use items in the civil aviation sector and opened them to public comment. The draft, titled the Measures for the Administration of Export Certificates for Civil-Use Aviation-Related Dual-Use Items, contains 22 articles. Covered entities include domestic and foreign airlines, cargo carriers, aircraft maintenance firms, specialized aviation-materials importers with average annual revenue above 2 billion yuan, and aircraft manufacturers.

TREE NEWS update: China’s Ministry of Finance said the export tax rebate for new energy vehicles will be lowered from 13% to 9% starting April 1, 2027, with rebates for products including electronic cigarette devices also cancelled. The MOF announcement came alongside a Commerce Ministry statement that a China-EU hybrid vehicle trade arrangement will not specifically target Chinese products, with China’s quota no lower than any other EU import source.

TREE NEWS reports: TD Cowen said the CFTC’s newly proposed rules for leveraged and margined crypto trading could arrive too late, with the 2028 election cycle looming. The investment bank’s assessment suggests the framework may not be finalized before political priorities shift, leaving the regulatory treatment of margin crypto products unresolved.

TREE NEWS update: Russia’s permanent mission to the European Union said on October 12 that it does not recognise the EU’s newly adopted sanctions list, calling the measures illegal and unfounded for bypassing the UN Charter. The mission said the EU’s attempt to change Russia’s foreign policy through sanctions pressure is doomed, and that the bloc’s hostile actions will meet an appropriate response from Moscow.

TREE NEWS update: The Reserve Bank of India said authorised dealers may offer non-resident users non-deliverable derivative contracts involving the Indian rupee only for hedging purposes. The central bank set the foreign exchange risk premium at 20% of the notional rupee-equivalent amount of each derivative contract. The forward rate method applies to all rupee-linked FX derivative contracts in which authorised dealers buy foreign currency against the rupee.

TREE NEWS update: A crypto-aligned political committee has announced a $2.7 million advertising expenditure to back “pro-crypto” candidates in US House races, with 22 days remaining before the midterm elections. The spend targets 2026 congressional contests, extending the industry’s push to elect digital-asset-friendly lawmakers.

TREE NEWS reports: The Trump administration plans to reassign staff from the federal agency responsible for testing artificial intelligence to the White House. The move would shift AI testing personnel into the executive office. No timeline, number of staff affected, or further details were provided.

TREE NEWS reports: Proposed US accounting rules could make stablecoins more attractive to corporations by determining which tokens qualify as cash. Direct redemption rights are the key criterion for a stablecoin to be treated as cash under the proposed framework.

TREE NEWS update: Federal Reserve official Hammack said higher interest rates may be necessary as the risk of an entrenched inflation mindset grows. The remarks point to the possibility of further policy tightening if inflation expectations become unmoored.

TREE NEWS update: The UK High Court ruled on October 12 that Chinese investors’ property claims over more than 61,000 bitcoins tied to Tianjin’s Lantian Gerui illegal fundraising case must be judged under Chinese law, not English law. The decision means roughly 16,000 Chinese victims in the UK recovery process may not share in the bitcoin’s massive price appreciation, recovering at most their principal plus interest.

TREE NEWS reports: Cleveland Fed President Beth Hammack said smaller, more frequent policy adjustments help keep inflation expectations anchored, while declining to endorse a rate hike this month. In prepared remarks Monday at the National Association for Business Economics annual meeting in Cleveland, Hammack said she generally favors making smaller moves relatively quickly over waiting and risking a larger policy correction.

TREE NEWS update: The Derive Foundation has proposed treasury funding for a push into US-regulated derivatives, a plan that would give it authority to pursue regulatory approvals and to establish or acquire entities. The proposal sets no spending amount and no launch date, leaving the scope of the funding and the timing of any US-regulated derivatives offering undefined.

TREE NEWS update: UK Foreign Secretary David Miliband said Britain formally summoned Iranian ambassador Ali Mousavi over Iran’s alleged “malicious activities.” The government also sanctioned two Iranian nationals — Rouhollah Bazghandi, head of counterintelligence for the Islamic Revolutionary Guard Corps, and Shahram Ali Reza Tamarzad Jaki, accused of aiding the Zindashti criminal network. The measures freeze assets immediately, bar entry to the UK and disqualify both from serving as company directors.

TREE NEWS update: Beijing police said they have placed two men under criminal coercive measures for fabricating online rumors that several people at a tech company had been taken away. Guo, 50, and Chang, 51, posted the false information for traffic and industry attention, causing widespread circulation and seriously disrupting public order. The case was confirmed to involve rumors about Moonshot AI’s KIMI.

TREE NEWS update: The European Commission warned digital platforms on December 12 not to livestream the planned US execution of Nidal Hasan, the perpetrator of a shooting attack. Commission spokesperson Thomas Regnier said the EU will take action under the Digital Services Act if platforms fail to enforce the relevant provisions. The warning came as the United States prepares to carry out the execution by firing squad.

TREE NEWS update: On Oct. 12, the Shanghai Futures Exchange (including its subsidiary INE), the Zhengzhou Commodity Exchange, the Dalian Commodity Exchange and the Guangzhou Futures Exchange simultaneously published draft amendments to their violation-handling rules for public comment. All four propose new provisions targeting six specific categories of breaches of programmatic trading management.

TREE NEWS update: China’s Ministry of Finance will lower the value-added tax export rebate rate for new energy vehicles to 9% from 13%, effective April 1, 2026. Separately, the Commerce Ministry said hybrid-vehicle trade arrangements will not specifically target Chinese products, and China’s quota will be no lower than that of any other European import source.

TREE NEWS update: Indonesia’s new central bank governor said Monday that Bank Indonesia retains full autonomy over setting its policy rate, even as it works more closely with the government. The governor described the closer coordination as creating “synergy” with the government, while stressing that rate decisions are still made independently.

TREE NEWS update: Australia’s securities regulator ASIC has proposed extending leverage limits and negative-balance protections to certain derivatives settled in digital assets. The proposal would apply the same investor safeguards used in traditional derivatives markets to crypto-settled contracts, capping how much leverage traders can take on. ASIC has put the plan out for consultation.