TREE NEWS update: China Development Bank sold 15 billion yuan of one-year bonds at a coupon of 1.3300%, below the expected 1.3500%, with a bid-to-cover ratio of 2.45 times and a marginal ratio of 4.39 times.
TREE NEWS update: China’s Commerce Ministry said preparations for the 10th China International Import Expo have started, spokesperson He Yadong said. The previous edition drew exhibitors across more than 370,000 square meters of business exhibition space, featured about 100 time-honored brands from guest and theme countries, and hosted 69 countries and international organizations in its country pavilion.
TREE NEWS update: Foxconn said shortages of memory chips and other components will persist until 2027, signaling prolonged supply constraints for the electronics supply chain. The company’s outlook points to extended tightness in key parts, without specifying which components or the scale of the impact.
TREE NEWS update: Chinese Foreign Ministry spokesperson Mao Ning said on November 12 that China firmly opposes the United States’ abuse of the national security concept and the creation of discriminatory lists under various pretexts to unjustifiably suppress Chinese entities. Responding to a question on US chip exports to China, Mao said she was unaware of the specific details but reiterated China’s consistent position on the issue.
TREE NEWS update: Ethlabs proposed advancing Ethereum’s post-quantum roadmap to 2027, citing acceleration in artificial intelligence. The group said it also aims to make Ethereum “post-AI” by 2027, resistant to the cryptographic risks that AI development is bringing. The proposal sets a target date for work on quantum-resistant cryptography on the network.
TREE NEWS update: Chinese Foreign Ministry spokesperson Mao Ning said on December 12 that China is maintaining communication with relevant parties regarding a meeting between the leaders of China, Russia and the United States. She made the remark in response to a question at a regular press briefing. No further details were provided.
TREE NEWS update: Chinese Foreign Ministry spokesperson Mao Ning said on November 12 that China’s technological progress relies on independent innovation and open cooperation, and urged the US to stop fabricating a so-called spy narrative to justify technology blockades. The remarks came at a regular press briefing in response to questions involving Nvidia. Mao also said the two sides maintain close communication on head-of-state interactions.
TREE NEWS update: UK Prime Minister Burnham said the country remains firmly committed to its 2050 net-zero emissions target and will back a global electrification goal at the COP31 UN climate summit. The statement reaffirms the UK’s long-term decarbonization pledge ahead of the conference.
TREE NEWS reports: Stablecoin total supply contracted by $14.2 billion over the past 30 days, the fastest decline since June 2022, as bitcoin traded near $74,000 below its $75,600 short-term holder cost basis. US spot bitcoin ETFs recorded $1.6 billion in net outflows over 20 trading days, and Coinbase’s premium index stayed negative. Leverage near current prices has largely been flushed, with two large wallet cohorts resuming accumulation.
TREE NEWS update: Iran said overnight explosions struck two oil tankers in the Strait of Hormuz, the country’s ISNA news agency reported. The statement did not specify the vessels involved, the cause of the blasts or any casualties. The Strait of Hormuz is the world’s most important oil chokepoint, and any disruption there affects global crude flows.
TREE NEWS update: China and the EU reached more than 100 cooperation intentions at a special medical device trade matchmaking event, Ministry of Commerce spokesperson He Yadong said at a regular press briefing on November 12. The event was a key outcome of the second regular meeting of the China-EU trade and investment consultation mechanism. The ministry, alongside the Ministry of Finance and the National Health Commission, organized over 160 Chinese medical institutions and companies for market-based procurement, while the EU side brought more than 40 medical device firms.
TREE NEWS update: ByteDance founder Zhang Yiming told an all-hands meeting of the company’s AI team that ByteDance can compete with OpenAI and Anthropic, but catching up with frontier technology will take until 2029 or 2030 at the earliest. Zhang said ByteDance’s large models must benchmark against the global top tier and acknowledged that the pre-training dataset for its Seed-series models remains smaller than those of leading overseas AI companies, calling it the most pressing issue for ByteDance AI.
TREE NEWS reports: China’s treasury futures closed mixed on the session, with the 30-year main contract falling 0.08% while shorter tenors edged higher. The 10-year main contract rose 0.05%, the 5-year gained 0.02% and the 2-year added 0.01%, leaving the curve steeper at the long end.
TREE NEWS update: Anthropic filed an updated prospectus with the SEC on Nov. 10 to sell 825 million Class A shares at $70–$78 each, listing on Nasdaq under the ticker ANT. At the top of the range the public offering would raise about $64.35 billion. Separately, Google, Nvidia, AMD, Broadcom, Micron, Microsoft and a TSMC subsidiary signed agreements to buy $26 billion of non-voting Class N shares at the final IPO price.
TREE NEWS reports: Spot silver fell 1.0% on the day to trade at $51.1 per ounce. The move marks a intraday decline for the precious metal, with the price quoted at $51.1/oz at the time of the data.
TREE NEWS update: RoboSense announced a strategic partnership with BitRobot on Nov. 11 during CoRL2026, focused on 3D perception and real-world data collection. As a first result, BitRobot released the RoboCap LiDAR-100 dataset, built on RoboSense’s 3D perception system. It contains 100 hours of real kitchen, auto repair and car detailing work, providing multimodal data for robots to understand the world and learn manipulation skills.
TREE NEWS update: China and the United States are in close communication on implementing a reciprocal “$30 billion for $30 billion” tariff-cut framework, Chinese commerce ministry spokesman He Yadong said at a regular briefing on Thursday. He said the arrangement would help stabilize and expand bilateral trade and that both countries’ business communities have high expectations for it. The two sides are also discussing trade and investment concerns, with progress to be announced in due course.
TREE NEWS update: China’s Commerce Ministry said it has expressed serious concern to the governments of EU countries that have moved to ban Chinese telecom equipment, spokesperson He Yadong told a regular press briefing on the 12th. Beijing opposes politicizing technical issues and wants the countries to correct their practices and provide a fair, non-discriminatory business environment for Chinese companies.
TREE NEWS update: China’s National Medical Products Administration has approved Eli Lilly’s Class 1 innovative drug orforglipron calcium tablets, marketed as Muyouda, for long-term weight management in adults with a BMI of 30 kg/m² or higher (obesity) or 27 kg/m² or higher with weight-related conditions, alongside diet and exercise. The approval was granted to Eli Lilly Nederland B.V.
TREE NEWS update: South Korean Foreign Minister Cho Hyun will visit China from November 13 to 14, China’s foreign ministry announced. The trip was arranged by mutual agreement between Beijing and Seoul, the ministry said. No further details of the visit’s agenda were disclosed in the announcement.