Flash News

TREE NEWS update: Russia’s Energy Ministry said crypto miners connecting to the grid are classified under the fourth power-supply reliability tier, meaning authorities can cut their electricity at any time without prior consultation. The category, established by a government decision in February, permits technical grid connection in regions where energy shortages have been declared and mining is banned. The ministry said the measure uses existing energy infrastructure without threatening residential supply reliability.

TREE NEWS update: Central Huijin Investment Ltd. said on Oct. 9 that it does not provide discretionary or client-facing investment and wealth-management services, and will pursue legal liability against units or individuals using its name or its staff’s names to commit fraud. The state-owned holding company updated its list of impersonators, stating the listed firms and their subsidiaries have no affiliation, equity, investment, cooperation or business ties with it and that their activities are unrelated to the company.

TREE NEWS update: China’s Ministry of National Defense spokesperson Chen Xi rejected Lai Ching-te’s so-called “Double Ten” speech, saying Taiwan is part of China and that this is the true status quo of the Taiwan Strait. Chen accused Lai of insisting on a “Taiwan independence” stance, distorting facts, hyping a so-called mainland military threat and inciting cross-strait confrontation in a bid to pursue independence by force and by relying on foreign support.

TREE NEWS update: China’s Ministry of Industry and Information Technology and three other departments on the 10th released a draft notice on strengthening management of automotive product innovation design and R&D testing. The accompanying technical guide sets specific testing and verification requirements for virtual controls, door handles, new human-machine interaction systems and large-angle seats. The People’s Daily said safety is a red line the auto industry must not cross, with the industry reading the rules as a rejection of “quick-build” cars.

TREE NEWS update: The Ministry of Industry and Information Technology and three other departments publicly released on the 10th a notice on further strengthening the management of automotive product innovation design and R&D testing verification (draft for comments). The accompanying technical guidelines for automotive product innovation design set out specific testing and verification requirements for virtual controls, door handles, new human-machine interaction systems, large-angle seats, and other aspects. People’s Daily published an article stating that safety is an impassable red line for the automotive industry; industry observers generally believe the new rules are intended to say no to “rushed cars.”

TREE NEWS update: President Trump appointed Katie Bailey as director of legislative affairs, while James Braid stepped down from his legislative affairs post. The personnel change was reported on Tuesday. No reason was given for Braid’s departure.

TREE NEWS update: China’s Ministry of Industry and Information Technology, together with the Ministry of Public Security, the Ministry of Ecology and Environment and the State Administration for Market Regulation, on October 10 drafted a consultation notice tightening management of automotive product innovation design and R&D testing verification. The China Association of Automobile Manufacturers voiced firm support and issued an industry-wide call to raise vehicle safety standards.

TREE NEWS reports: Kalshi is investigating three bets totaling about $173 placed on President Trump’s press secretary pick before news outlets reported the selection of Taylor Zacharia, the company said. The bets are expected to pay out roughly $9,600 combined if the wagers are honored. The prediction market is reviewing whether the trades were placed with advance knowledge of the announcement.

TREE NEWS reports: Kalshi announced it is investigating three bets worth a total of about $173 placed on President Trump’s press secretary pick before news media reported the selection of Taylor Zacharia. If these bets are validated, payouts are expected to total about $9,600. The prediction market is scrutinizing whether these trades were made based on prior knowledge of the announcement.

TREE NEWS update: The CFTC proposed a rule that would expressly classify event contracts tied to sports, politics, culture and weather as swaps, while an interim rule excludes casino-style gambling from that definition. The move sharpens the agency’s claim to exclusive jurisdiction over prediction markets.

TREE NEWS update: Luxshare Precision and its controlling subsidiary Dongguan Luxshare Technology have been named as respondents in a US International Trade Commission Section 337 investigation involving US Patent 10,903,734. The ITC formally opened the probe, numbered 337-TA-1526, on October 9, 2026, and it remains at an early stage with no substantive finding on infringement. Luxshare said the products at issue are in customer validation and not yet in mass production, so the investigation is not expected to materially hurt current operations or results.

TREE NEWS update: A French National Assembly committee adopted amendments that would tax stablecoin swaps and crypto exits by wealthy holders, then rejected the revenue section of the 2027 budget. The measures target conversions between stablecoins and exits from crypto positions held by high-net-worth individuals. The committee’s rejection of the budget’s revenue portion leaves the proposed taxes unadopted.

TREE NEWS update: Turkey’s presidential office issued a regulation on the 10th barring children under 15 from opening social media accounts. The rule takes effect on November 1. The regulation was published by the presidency and sets a minimum age of 15 for social media use.

TREE NEWS update: South Korea’s Financial Services Commission Chairman Lee Eok-won said the large-shareholder stake limit for virtual asset exchanges under the pending Digital Asset Basic Act is not aimed at any specific person or company, but reflects the higher public responsibility exchanges will bear once institutionalized. Exchanges currently renew their filings every three years, and would move to a licensing regime once the act takes effect. Lee said exchanges are infrastructure and must carry public responsibility matching that status.

TREE NEWS update: South Korea’s Financial Services Commission Chairman Lee Eok-won said a proposed cap on major shareholders’ stakes in virtual asset exchanges under the pending Digital Asset Basic Act is not directed at any specific company. Speaking at a National Assembly audit, he said exchanges will shift from three-year registration renewals to a licensed regime, requiring public responsibility matching their infrastructure role.

TREE NEWS reports: Lee Eok-won, Chairman of South Korea’s Financial Services Commission (FSC), stated that the proposed cap on major shareholders’ stakes in virtual asset exchanges under the Digital Asset Basic Act currently under deliberation is not aimed at any specific company. Speaking at a National Assembly audit, he said that as exchanges transition from a three-year registration renewal system to a licensing system, they will be required to assume public responsibilities commensurate with their role as infrastructure.

TREE NEWS update: China’s National Development and Reform Commission has opened public consultation on draft rules governing auto parts remanufacturing. The draft allows remanufacturers to buy scrapped engines, steering gears, transmissions, axles and frames — the ‘five major assemblies’ — from dismantling firms, provided the parts match the company’s own remanufacturing type. Remanufacturing exhaust after-treatment devices is prohibited, and remanufacturing of key emission-control components must meet national emission standards.

TREE NEWS update: China Securities Regulatory Commission Chairman Wu Qing convened a symposium in Beijing on October 10 with executives of listed companies and securities and fund industry experts to gather views on the current capital market and financial situation. Participants agreed China’s macroeconomy is stabilizing and improving, industrial restructuring is deepening, and the capital market is operating broadly steadily, voicing confidence in the economy and the market despite risks and challenges.

TREE NEWS update: China’s National Development and Reform Commission Director Zheng Shanjie chaired a symposium with private enterprises on September 10, discussing the third-quarter economic situation and responses to shifts in international supply and demand. Executives from Shengong Holding, Dongming Petrochemical, ENN Group, Jifeng Agriculture and XtalPi attended, covering petrochemicals, natural gas supply, agricultural machinery and AI applications. The NDRC said major projects under the 15th Five-Year Plan and the “Six Networks” construction plan should start as early as possible.

TREE NEWS reports: Hong Kong’s Securities and Futures Commission reported that the securities industry’s net profit rose 21% to HK$51.7 billion in the first half of 2026. Total net commission and interest income from securities, futures and options, leveraged foreign exchange and virtual asset trading reached HK$45.4 billion, up 13% from the second half of 2025. Virtual asset trading commission income was HK$99.3 million, down HK$15.5 million, or 13.5%, from HK$114.8 million in the prior half.