Flash News

TREE NEWS update: Shandong province has completed construction of its first 88 high-power charging demonstration stations for electric heavy trucks, the provincial information office said at a Sept. 10 press conference. The rollout follows an April policy package covering the 2026-2027 build-out plan and supporting measures for scaling electric heavy truck use, alongside 27 detailed implementation rules.

TREE NEWS reports: The overnight Shanghai Interbank Offered Rate (SHIBOR) rose 3.10 basis points to 1.4040%, while the 7-day rate gained 1.80 basis points to 1.4100%. The 3-month rate was unchanged at 1.4300%.

TREE NEWS update: Donald Trump concluded his speech at the Republican National Convention. The address marks the close of the convention’s proceedings.

TREE NEWS update: President Donald Trump said he will make all of his tax cuts permanent, adding that most-favored-nation treatment will also be made permanent. The remarks, delivered without further legislative detail, restate his stated intention to lock in the tax reductions rather than let them expire.

TREE NEWS update: China Development Bank issued a 7-year bond of 3 billion yuan at a yield of 1.6605%, versus an expected 1.6600%, with a bid-to-cover ratio of 2.77 times and a marginal ratio of 1.62 times. It also issued a 10-year bond of 2 billion yuan at 1.7705%, against an expected 1.7700%, with a bid-to-cover ratio of 7.94 times and a marginal ratio of 6.15 times.

TREE NEWS reports: The MMLC battery-grade lithium carbonate morning midpoint price stood at 142,850 yuan per tonne, down 100 yuan from the prior day’s 16:30 level. The move extends a marginal decline in the battery-material benchmark.

TREE NEWS reports: Japan’s Nikkei 225 closed the morning session down 0.8%, while the broader Topix index slipped 0.3%, as of the morning close. The declines left both benchmarks lower at the mid-day break in Tokyo trading.

TREE NEWS reports: TSMC’s share of the global wafer foundry market rose to a record 72.5% in the second quarter, up from 72.3% in the first quarter. Samsung Electronics ranked second with 5.9%, while China’s SMIC placed third at 5.4%. The figures underscore TSMC’s widening lead in contract chipmaking.

TREE NEWS update: The International Alliance Against Telecom and Online Fraud was formally established on September 10 at a founding conference in Lianyungang, Jiangsu Province. Representatives from 46 founding countries, 34 observer countries and four international organizations including the United Nations and Interpol issued a joint statement on the alliance’s creation. The statement said telecom and online fraud is becoming a global scourge and called for a more focused, professional and action-oriented intergovernmental body based on international conventions.

TREE NEWS update: Bidding for China’s seventh national centralized bulk procurement of medical consumables closed at 9:30 a.m. on September 10, with 156 companies submitting 558 products, and the price-reading session began on site. The health insurance authorities have previously run six such national rounds, covering coronary stents, artificial joints, spinal implants, sports medicine, intraocular lenses, cochlear implants, peripheral vascular stents, drug-coated balloons and urological intervention devices.

TREE NEWS update: Xinjiang issued 10-year special local government bonds totaling 1.37 billion yuan at a coupon of 1.73%, with a bid-to-cover marginal ratio of 1.46 times against an expected 1.73 times. A 15-year tranche of 3.75 billion yuan priced at 2.09% drew a marginal ratio of 20.00 times, while a 20-year tranche of 1.17 billion yuan priced at 2.25%. A separate 10-year general special bond of 7.68 billion yuan also priced at 1.73%.

TREE NEWS update: Xinjiang issued RMB 877 million of 7-year general local government bonds at a yield of 1.5700%, with a bid-to-cover margin of 3.18x against an expected 1.57x. A separate RMB 1.054 billion 10-year general local government bond was issued at 1.7300%, with a marginal multiple of 3.33x versus an expected 1.73x.

TREE NEWS update: Donald Trump promised that every American adult would receive a $5,000 payout if Republicans win the midterm elections. The pledge ties the proposed payment to a Republican victory at the polls, with no further details on funding or timing given.

TREE NEWS reports: China’s border inspection authorities processed 499 million inbound and outbound crossings in the first eight months of 2026, up 8.7% year on year, according to figures released at the Global Public Security Cooperation Forum in Lianyungang on September 10. Mainland residents accounted for 242 million crossings, Hong Kong, Macao and Taiwan residents 196 million, and foreign nationals 61.29 million, up 10%, 8.9% and 19.5% respectively. Visa-free foreign entries rose 26.8% year on year.

TREE NEWS reports: The Japanese yen erased its intraday losses against the US dollar, recovering to trade flat on the day. The move marks a reversal from earlier weakness that had pushed the currency lower versus the greenback. No specific level or figure was given for the swing.

TREE NEWS reports: The ChiNext Index reversed into positive territory on the day, while the Shanghai Composite and Shenzhen Component pared their declines. Oil and gas, coal, banking and power stocks led the gains across the mainland markets. More than 1,100 stocks advanced across the Shanghai, Shenzhen and Beijing exchanges.

TREE NEWS update: The mudslide that struck Mingkeng village in Gaoping town, Suichuan county, Jiangxi province, on the early morning of July 5 has killed 13 people, rescuers said, after the last missing person was found as of 9 a.m. on July 10. The search and rescue operation at the site has now accounted for all those unaccounted for.

TREE NEWS update: Donald Trump proposed renaming the Strait of Hormuz the ‘Strait of Trump,’ according to a statement attributed to the US president. The suggestion concerns the strategic waterway between the Persian Gulf and the Gulf of Oman, a key conduit for global oil shipments. No further details or formal action were disclosed.

TREE NEWS update: President Donald Trump said the United States will win the war with Iran, adding that oil prices will fall once that happens. He made the remarks in a statement that tied the outcome of the conflict directly to energy markets. No further details or timeline were given.

TREE NEWS update: US President Donald Trump said Canada wants to reach an agreement. The remark, made without further detail on terms or timing, comes amid ongoing trade tensions between Washington and Ottawa. No specifics on the scope of any potential deal were provided.