Flash News

TREE NEWS update: China Securities Regulatory Commission Chairman Wu Qing met in Beijing with Khaldoon Khalifa Al Mubarak, CEO and managing director of Abu Dhabi sovereign investor Mubadala Investment Company. The two sides exchanged views on the international economic and financial situation, strengthening China-UAE capital market cooperation, and expanding investment in China, the CSRC said.

TREE NEWS reports: China’s tax authorities stopped publishing 12,028 discredited entities in the first nine months of 2026, of which 1,219 restored their credit after paying 1.355 billion yuan in back taxes, late fees and fines, the State Taxation Administration said. The number of credit restorations rose 30.93% year on year.

TREE NEWS update: Shanghai Xinhua Media said its shares rose by the daily limit for 10 consecutive trading sessions from Sept 21 to Oct 12, 2026, gaining 159.51% in total, and will be suspended from trading at the Oct 13 open pending a self-review, resuming after disclosure. The company said its operations and main business are unchanged, and auditing and valuation of its plan to buy 100% of Shanghai Jiemian Cailianshe Technology via share issuance are not yet complete, leaving the deal uncertain. Its latest trailing P/E was 306.79 as of Oct 9, versus an industry average of 18.81.

TREE NEWS update: The Asset Management Association of China (AMAC) held the founding meeting of its Venture Capital, Private Equity and M&A Investment Fund Committee in Changchun, stating that equity and venture capital fund AUM hit a record high above 16 trillion yuan in 2026. The association attributed the growth to supportive policies from central ministries and local governments and a stabilizing capital market.

TREE NEWS reports: The Asset Management Association of China (AMAC) held the inaugural meeting of its Venture Capital, Private Equity, and M&A Investment Fund Committee in Changchun, announcing that the assets under management (AUM) of equity and venture capital funds in 2026 surpassed 16 trillion yuan, setting a record high. The association attributed this growth to supportive policies from central ministries and local governments, as well as a stabilizing capital market.

TREE NEWS reports: The Asset Management Association of China (AMAC) held the inaugural meeting of its Venture Capital, Private Equity, and M&A Investment Fund Committee in Changchun, announcing that the assets under management (AUM) of equity and venture capital funds exceeded 16 trillion yuan in 2026, setting a record high. The association attributed this growth to supportive policies from central ministries and local governments, as well as a stabilizing capital market.

TREE NEWS update: China’s Shandong branch of the National Financial Regulatory Administration has approved the appointment of Hu Jinliang as vice chairman and president of Qilu Bank, the lender said. The approval clears the final regulatory hurdle for Hu to take up the dual roles at the Jinan-based city commercial bank.

TREE NEWS update: The Shanghai Stock Exchange has decided to delist Xinda Securities, with the termination of listing and removal from trading set for October 19, 2026, the brokerage announced. The delisting follows CICC’s share-swap absorption of Dongxing Securities and Xinda Securities; each Xinda A-share converts into 0.5210 CICC A-shares, with no delisting-consolidation period. Xinda will be deregistered as a legal entity after the merger, with CICC assuming all assets, liabilities, business, staff, contracts and licenses.

TREE NEWS update: CICC said it will absorb Dongxing Securities and Xinda Securities via a share swap, issuing A-shares to all A-share holders of the two firms, a deal approved by the CSRC on September 7. The Shanghai Stock Exchange will delist both companies’ shares on October 19 without a delisting consolidation period. Until the swap is completed, former A-share holders’ accounts will no longer show the corresponding share value, with fractional shares handled under previously disclosed rules.

TREE NEWS update: UK AI Minister Narayan said the country’s AI Safety Institute (AISI) will retain the right to access AI models before they are released. The statement affirms pre-deployment testing authority for the UK’s safety body as governments weigh oversight of frontier model launches.

TREE NEWS update: The UK has frozen a $12 million London penthouse belonging to Thet Li, accused of running the finances of a scam empire linked to $14 billion in Bitcoin that the United States has moved to seize. The asset freeze is the latest action against figures tied to the alleged fraud network.

TREE NEWS update: Hong Kong Investment Corporation said the 2026 portfolio under the New Capital Investment Entrant Scheme is expected to reach at least HK$4 billion, funded by applications received and approved this year. The government-backed investor disclosed the figure in a statement.

TREE NEWS update: Payward, the parent company of crypto exchange Kraken, has received full market approval from Dubai’s Virtual Assets Regulatory Authority to expand its digital asset services in the UAE. The full licence follows the preliminary approval the company secured in May and clears the way for a dirham trading rollout.

TREE NEWS update: Jeonbuk Bank has confirmed it issued a corporate loan denominated in Korean won secured by custodied Bitcoin, with defaults to be handled through court sales of the collateral. The South Korean lender did not disclose the loan’s size, interest rate or loan-to-value ratio. The bank did not name the borrower.

TREE NEWS update: The CFTC on Oct. 9 proposed bringing sports, politics and weather contracts under its swap definition, while issuing an interim rule that keeps sportsbooks and casino games outside it. The move responds to states warning that federal oversight would swallow all sports betting. The proposal would place prediction markets under federal swap regulation.

TREE NEWS update: Hong Kong’s Securities and Futures Commission published consultation conclusions on strengthening targeted tools under the Securities and Futures (Stock Market Listing) Rules to tackle IPO and post-listing misconduct. The amendments let the SFC impose conditions on listing applicants that continue to apply after listing, and impose post-listing conditions on listed issuers as an alternative to an immediate trading suspension, while simplifying the procedure to resume trading.

TREE NEWS update: China’s Ministry of Finance announced it will lower the value-added tax export rebate rate for new energy vehicles from 13% to 9%, effective April 1, 2027. The same announcement also cancels the VAT export rebate for products including electronic cigarette devices and components from that date.

TREE NEWS update: Wang Li, deputy director of the China Securities Regulatory Commission’s general office, said on October 12 at a press conference for the 2026 Financial Street Forum that the CSRC will explore systems and practices better suited to innovative small and medium-sized enterprises. Over the past five years, he said, the regulator has pushed forward high-quality market development, with the Beijing Stock Exchange operating safely and stably and its functions effectively brought into play.

TREE NEWS update: Beijing’s Chaoyang district public security bureau has opened a criminal investigation into companies tied to CreditEase, with founder Tang Ning, 53, and a 51-year-old woman surnamed Zhao among suspects placed under compulsory criminal measures. The move follows CreditEase’s admission that its quasi-fixed-income products are in default and that the group may be insolvent, after halting redemptions in May on products reported to involve roughly 30 billion yuan.