Flash News

TREE NEWS reports: In the first week of Alibaba International’s September sourcing festival, buyer-driven GMV rose nearly 20% year-on-year, with high-quality leads up 25.4%. Nearly 90% of industries saw growth, spanning consumer electronics, beauty, machinery, new energy, and packaging. The US led with a 31.6% order increase. AI search-driven merchant transaction value climbed 36%.

TREE NEWS update: China’s Ministry of Commerce has added 84 new national key foreign-funded projects with a total investment of $19.46 billion, announced at the 26th China International Fair for Investment and Trade. The projects are mainly in manufacturing, covering electromechanical equipment, chemical energy, automobiles, and healthcare.

TREE NEWS update: China Merchants Shekou reported contracted sales of 3.889 million sqm and 15.712 billion yuan in August 2026, bringing January-August totals to 38.636 million sqm and 125.771 billion yuan. The company added three projects in Shanghai, Beijing, and Hong Kong, with payments of 1.106 billion, 1.504 billion, and 150 million yuan respectively.

TREE NEWS update: China Three Gorges (Changjiang) Offshore Wind Power Co., Ltd. has been established in Hainan’s Changjiang County, with business scope covering energy storage technology services, emerging energy technology R&D, biomass energy tech services, wind and solar power generation tech services. Corporate registry data shows the new entity is indirectly wholly owned by China Three Gorges Energy.

TREE NEWS update: China Energy Engineering Corporation announced that its subsidiary, Northwest Electric Power Design Institute, has won the EPC general contracting bid for the Shaanxi Zhaoshitan Power Plant Phase II 2×1000MW project, with a contract value of 6.44326 billion yuan. The project includes two 1,000MW ultra-supercritical coal-fired units and environmental facilities, with a total construction period of about 31 months. The contract has not been formally signed yet, and uncertainties remain.

TREE NEWS update: China Securities Index Co. announced on Sept. 9 that it will temporarily adjust samples of the CSI 300 and other indices following the share-swap mergers of CITIC Securities (601995) absorbing Dongxing Securities (601198) and Xinda Securities (601059). The adjustments take effect from the delisting dates of the acquired firms.

TREE NEWS reports: WTI crude oil broke above $95 per barrel on the day, trading at $95.01, up more than 2% intraday. The move comes amid ongoing supply concerns and market volatility.

TREE NEWS update: Sun Shaocheng, former deputy director of the Social Construction Committee of the 14th National People’s Congress, has been expelled from the Communist Party and dismissed from public office for serious disciplinary and legal violations. The decision was announced by Xinhua.

TREE NEWS update: Uber is seeking to raise about €4 billion through its first-ever euro-denominated bond sale. The ride-hailing company aims to tap European debt markets for the first time, diversifying its funding sources. The move comes as Uber continues to expand its global operations and invest in growth areas.

TREE NEWS update: JPMorgan announced Wednesday it has extended its corporate banking business to Greece, part of a broader plan to scale corporate services across Europe. Over the past two years, the bank’s global corporate banking headcount in EMEA grew 25%, and the move reflects Greece’s recent economic momentum.

TREE NEWS reports: Fitch Ratings said Wednesday that rising Japanese government bond yields could prompt domestic institutional investors to keep more capital at home. The agency expects the Bank of Japan to hike policy rates faster than markets anticipate in 2026-2027, supporting the yen and boosting the relative appeal of domestic bonds. Higher local yields will reduce the incentive to chase lower-yielding overseas assets.

TREE NEWS update: On September 9, Yu Donglai, founder of Pangdonglai, shared the construction schedule for the PDL Dream City project. The general contractor is set to be finalized on April 15, 2026, with mobilization on April 16. The project is expected to be substantially completed by March 30, 2029, including equipment commissioning and final acceptance.

TREE NEWS reports: British travelers faced a second day of severe disruption on Wednesday after a technical fault at a key air traffic control node on Tuesday forced Heathrow and other hubs to cancel hundreds of flights, one of the worst such events in recent years. Cirium data showed 153 flights canceled by Wednesday morning, including 55 departures and 98 arrivals, down from over 1,750 on Tuesday. The knock-on effects highlight the complexity of recovery after major system failures.

TREE NEWS reports: Germany’s 2-year government bond yield rose 3 basis points to 3.03%, the highest level since June 2024. The move reflects market repricing of European rate expectations amid persistent inflation and robust economic data.

TREE NEWS update: Adani Group plans a $2.5 billion refinancing deal, potentially the largest overseas loan by an Indian company. The move aims to restructure existing debt. This would mark a significant milestone for India’s corporate borrowing abroad.

TREE NEWS reports: The onshore yuan closed at 6.7079 per dollar at 16:30 Beijing time, up 29 points from the previous official close and 24 points from the overnight close. The move reflects trading in the domestic FX market.

TREE NEWS update: China’s State Council Information Office will hold a press conference on September 10, 2026, at 3 PM to discuss financial sector implementation of the 15th Five-Year Plan and building a strong financial nation. Officials including PBOC Deputy Governor Lu Lei and CSRC Vice Chairman Li Chao will answer questions.

TREE NEWS reports: China’s domestic passenger car retail sales in August 2026 totaled 1.541 million units, down 23.6% year-on-year but up 5.5% month-on-month. Cumulative sales from January to August reached 11.716 million units, a 20.8% decline from the same period last year.

TREE NEWS reports: USD/JPY briefly rebounded to 153.5 and now trades at 153.543, down 0.2% over 24 hours. The pair remains under pressure amid ongoing market volatility.

TREE NEWS update: South Korea has selected a natural gas power project in Texas as its first investment under last year’s Korea-US trade agreement framework. The roughly $22 billion project in Encinal, with 6.3 GW total capacity, will start with 1.4 GW gas turbine generation before adding 4.9 GW combined-cycle units. It aims to meet surging electricity demand from AI data centers.