Flash News

TREE NEWS reports: China is accelerating major project construction in the third quarter, with provinces holding meetings to boost investment. Heilongjiang convened a work promotion meeting on Sept 6, urging inclusion of key projects in national plans. Sichuan’s executive meeting on Sept 1 emphasized leading projects to meet annual targets, while Shanxi held a ‘Major Project Construction Year’ meeting on Aug 22.

TREE NEWS reports: China’s joint-stock bank wealth management subsidiaries saw strong AUM growth in H1, taking the top four industry spots. CITIC Wealth overtook Industrial Bank Wealth to rank second, while state-owned bank subsidiaries faced growth challenges. Equity-linked products and third-party distribution channels proved decisive in driving scale expansion.

TREE NEWS update: A planned agreement between South Korea and the United States will include a project to build eight nuclear power plants in the US. The report did not provide further details on the timeline or value of the project.

TREE NEWS reports: Chinese banks are increasingly issuing large-denomination certificates of deposit (CDs) tailored to specific customer groups and regions. ICBC offers a three-year CD at 1.55% annualized, with a 200,000 yuan minimum, exclusively for teachers, while another same-term CD at 1.55% requires 1 million yuan for high-net-worth clients. Banks like Bank of Nanjing and Xiamen International Bank have also launched customer-specific CDs, signaling a shift from high-yield deposit tools to customer retention strategies amid narrowing net interest margins.

TREE NEWS update: On September 9 Beijing time, markets face a data-heavy calendar. The Fed and ECB are in blackout periods ahead of their upcoming meetings. Key releases include Q2 GDP finals from South Korea and Japan, China’s August trade data, and US August NY Fed inflation expectations. Central bank speakers include Australia’s Sarah Hunter and Andrew Hauser, plus Bank of England officials testifying to parliament.

TREE NEWS update: Mohsen Rezaee, a senior Iranian security official, said Iran has recalibrated its weapons targeting US warships and bases. The statement, reported by state media, signals heightened readiness amid regional tensions. No further details were provided.

TREE NEWS reports: A-share listed banks’ 2026 interim reports show bond investment returns diverging sharply. Agricultural Bank of China posted investment income of 44.353 billion yuan, up 91.56% year-on-year, while over 30 of 42 banks saw declines. Most banks improved fair value gains due to bond market recovery.

TREE NEWS update: Panama Canal Authority’s new administrator, Ilya Espino, said on the 7th that if rainfall in the watershed remains below expectations in the coming months, daily transits could be reduced from 32 to about 29 early next year. The move aims to safeguard water resources amid drought conditions.

TREE NEWS update: Initial funds from China’s 2026 new policy-based financial instruments have been deployed across multiple regions. Experts note larger scale, broader investment scope, and a tilt toward private investment, expecting significant investment leverage. Monetary policy tools like PSL will support policy banks to boost effective investment.

TREE NEWS reports: Tanker and dry bulk shipping rates have been climbing this year due to geopolitical conflicts, extreme weather, and shifting global trade. They say structural demand growth, tight effective supply, fleet aging, and frequent external shocks have disrupted traditional seasonal patterns, making the sector’s high prosperity more sustainable.

TREE NEWS reports: At the start of Asian trading on Tuesday, following the US market’s extended weekend, S&P 500 futures were flat, Dow futures fell 0.6%, and Nasdaq futures declined 0.1%.

TREE NEWS update: Iran’s Supreme National Security Council secretary Ali Shamkhani said Washington has recently received a clear warning from Iran’s new missiles. He announced plans to establish a maritime exclusion zone in the Persian Gulf up to the blockade area in response to economic war. Combat posture against US warships and military bases has been fundamentally adjusted.

TREE NEWS update: UK Prime Minister Andy Burnham’s government is expected to ban trade with Israeli settlements in the West Bank on Tuesday. The move, to be announced by Foreign Secretary Ed Miliband, aims to take a tougher stance on an issue crucial to the ruling Labour Party but risks angering US President Donald Trump.

TREE NEWS update: Yemen’s Houthi group said on Sunday it launched a ballistic missile attack on military trucks transporting supplies from Saudi Arabia to the Wadi al-Ain military base in Hadramawt province, controlled by the Yemeni government. The group’s Al-Masirah TV aired footage of the aftermath, claiming the missile was domestically produced. No casualties were reported.

TREE NEWS reports: FTSE China A50 index futures fell 0.12% in overnight continuous trading, closing at 14,651 points. The move reflects investor sentiment toward Chinese mainland equities.

TREE NEWS update: On September 7, US Central Command said its naval blockade against Iran had diverted 94 commercial vessels, disabled three, and boarded two for inspection as of that day. The operation is part of heightened US military pressure on Tehran.

TREE NEWS reports: Offshore yuan (CNH) closed at 6.7092 per dollar in New York Monday, down 12 points from Friday’s close. It hit a session high of 6.7059 at 08:42, then fell sharply, reaching a low of 6.7124 at 10:54.

TREE NEWS reports: Euro/USD rose 0.07% to 1.1622 at the New York close on Monday, September 7, after a sharp spike-and-reverse around 16:00 Beijing time. Sterling gained 0.17% to 1.3541, while the dollar fell 0.05% against the franc to 0.8096. Among commodity currencies, the Aussie rose 0.24%, the kiwi fell 0.06%, and the Canadian dollar gained 0.18%.

TREE NEWS update: Iran’s Foreign Ministry spokesman said Canada has distorted all facts about the regional situation in a statement against Iran. This came on the same day U.S. President openly disregarded Canada’s sovereignty, yet Canadian foreign and finance ministers chose to appease the bullying neighbor. The spokesman called it neither diplomacy nor responsible governance, exposing strategic confusion and submission to intimidation.

TREE NEWS reports: A Saudi airstrike on a prison in Hazm, capital of Yemen’s northern Jawf province, killed at least 7 people and wounded 7 others. The attack caused severe damage, with 35 inmates and a visiting woman still trapped under rubble, including women and children casualties. Saudi Arabia has not yet commented.