Flash News

TREE NEWS update: The US Treasury will buy back up to $6 billion of 10- to 20-year Treasuries on September 10, triple the size of its previous long-bond repurchase operation. The department has said it will at least double long-bond buybacks over the coming quarter to improve market liquidity. After a Treasury selloff pushed 30-year yields to their highest since 2007, yields kept rising on the news, with the 10-year touching 4.8528%, its highest since November 2023.

TREE NEWS update: People’s Bank of China Deputy Governor Lu Lei said on September 10 that during the 15th Five-Year Plan period the central bank will keep issuing treasury bonds and central bank bills on a regular basis to enrich the pool of high-grade renminbi assets. Speaking at a State Council Information Office briefing, Lu also said the PBOC will continue supporting the healthy development of the offshore renminbi market, optimize the layout of renminbi clearing banks, and improve the multi-tier, cross-tenor liquidity supply mechanism to keep offshore renminbi liquidity ample and stable.

TREE NEWS update: Novo Nordisk China said China’s National Medical Products Administration approved the MASH indication for semaglutide injection, marketed as Wegovy, for non-cirrhotic adults with metabolic dysfunction-associated steatohepatitis and moderate-to-severe liver fibrosis (F2-F3). It becomes the first and only GLP-1RA drug approved to treat MASH.

TREE NEWS update: People’s Bank of China Deputy Governor Lu Lei said on September 10 that foreign entities now hold more than RMB 11 trillion in onshore renminbi financial assets. Central banks or monetary authorities in over 80 countries and regions have included the renminbi in their foreign exchange reserves. Panda bond issuance has exceeded RMB 1.3 trillion, with issuers spanning 26 countries and regions across five continents.

TREE NEWS update: China’s Ministry of Commerce has extended its anti-dumping investigation into imported pecans originating from Mexico and the United States, pushing the deadline to March 25, 2027. The probe covers pecan imports from both countries. No further details on the scope or findings were disclosed.

TREE NEWS reports: Hong Kong’s Hang Seng Index closed down 1.27% and the Hang Seng Tech Index fell 2.04%. Among the decliners, Zhipu dropped about 10%, Qunhe Technology about 11%, MINIMAX about 9%, Xizhi Technology about 7%, Kaisa Group about 6%, Sino-Ocean Group about 9%, Bloks about 5% and NIO about 5%.

TREE NEWS update: Hong Kong’s Hang Seng Index closed down 1.27%, while the Hang Seng Tech Index fell 2.04%. Among the decliners, Zhipu dropped about 10%, Qunhe Technology fell about 11%, MINIMAX declined about 9%, Xizhi Technology slipped about 7%, Kaisa Group lost about 6%, Sino-Ocean Group fell about 9%, Bloks dropped about 5%, and NIO declined about 5%.

TREE NEWS update: China’s State Administration of Foreign Exchange said on September 10 that direct investment under the capital account has achieved basic convertibility. Speaking at a State Council Information Office briefing, SAFE deputy administrator and spokesperson Li Bin said cross-border securities investment now runs through institutional investor schemes, mutual connectivity mechanisms and direct foreign access, while cross-border financing is subject to full-scope macroprudential management.

TREE NEWS update: China’s National Financial Regulatory Administration will refine policies governing how insurance funds invest in early-stage, small, long-term and hard-tech ventures, Vice Administrator Cong Lin said at a State Council Information Office briefing on September 10. The regulator also plans to expand manufacturing lending and support the upgrading of traditional industries as part of efforts to build a modern industrial system.

TREE NEWS update: China’s National Financial Regulatory Administration will direct financial institutions to support intermediate goods exports, overseas warehouse construction and cross-border e-commerce, Vice Director Cong Lin said at a State Council Information Office briefing on September 10. The regulator also pledged backing for consumption upgrades, services and new-type consumption, and for key projects under the “Two Heavy, Two New,” “Six Networks” and the 15th Five-Year Plan’s 109 major projects.

TREE NEWS reports: Italy’s working-day-adjusted industrial output came in at 0% year-on-year in July, beating expectations of a 0.6% decline and matching the prior reading of -0.6%. The flat reading ends the previous contraction and points to a stabilization in Italian manufacturing activity.

TREE NEWS reports: Shanghai border inspection authorities had processed more than 30 million inbound and outbound crossings as of September 9, 2025, reaching the threshold two days earlier than last year. The Pudong and Hongqiao international airports accounted for 28.239 million of those crossings.

TREE NEWS reports: The London Metal Exchange reported declines in most base metal inventories, with lead stocks down 2,075 tonnes, tin down 105 tonnes, copper down 1,075 tonnes and aluminium down 175 tonnes. Zinc inventories fell 4,325 tonnes, while nickel stocks rose 576 tonnes.

TREE NEWS update: China’s balance of payments is expected to show scale growth, structural optimization and overall balance during the 15th Five-Year Plan period, State Administration of Foreign Exchange spokesperson and deputy administrator Li Bin said on September 10 at a State Council Information Office press conference. Li said multipolarity and economic globalization will remain the general trend, while protectionism, geopolitical conflicts and volatility in international financial markets will pose challenges to economic operations.

TREE NEWS reports: Bitcoin has rallied 23% over the past 21 trading days and is pressing against an $83,000-$86,000 resistance band formed by long-term holder cost basis, liquidation heatmaps and spot ETF breakeven, stopping 1.5% below the lower edge. Sell-side risk ratio fell to 7 basis points, less than half August’s 16 bps, while short liquidation fuel between $82,000 and $86,000 expanded 21% since August 19. Core inflation eased to a two-year low of 2.5%.

TREE NEWS reports: Houthi forces have taken control of Mocha, a Red Sea coastal city in Yemen, three Yemeni government sources said on the 10th. The reported seizure extends the Iran-aligned group’s hold along Yemen’s western coastline, which borders one of the world’s busiest shipping lanes.

TREE NEWS update: Cong Lin, deputy head of China’s National Financial Regulatory Administration, said the regulator will use its supervisory role to push financial institutions to accelerate reform and transformation and strengthen their internal momentum for growth. Priorities include tailoring measures to different types of financial institutions and advancing reform and risk resolution at small and mid-sized local financial institutions.

TREE NEWS update: China’s State Administration of Foreign Exchange will strengthen prevention of systemic risks from large, abrupt cross-border capital movements during the 15th Five-Year Plan period, SAFE spokesperson and deputy administrator Li Bin said at a State Council Information Office briefing on September 10. The regulator will make cross-border capital flow risk control and supervision more forceful and effective, continuing to improve the two-pronged “macro-prudential plus micro-supervision” framework for the foreign exchange market.

TREE NEWS update: People’s Bank of China Deputy Governor Lu Lei said on September 10 at a State Council Information Office press conference that during the “15th Five-Year Plan” period the central bank will continue to improve the base money supply mechanism and refine the deposit reserve requirement system, conducting more flexible and precise open market operations. It will also keep improving the market-based interest rate formation, adjustment and transmission mechanism, strengthen the guiding role of policy rates, and guide short-end money market rates to run more steadily around the policy rate.

TREE NEWS update: People’s Bank of China Deputy Governor Lu Lei said on September 10 that during the 15th Five-Year Plan period the central bank will further improve its modern monetary policy framework. Speaking at a State Council Information Office briefing, Lu said the PBOC will firmly keep the currency’s value stable to support growth and high-quality development of the real economy, while gradually de-emphasizing quantity-based intermediate targets and relying more on interest-rate tools.