Flash News

TREE NEWS update: China’s Ministry of Water Resources said on June 3 that the Puru Qiangzang barrier lake is flowing normally upstream and downstream, based on drone and satellite imagery. However, a small landslide downstream poses a risk of collapse, potentially forming a new barrier lake.

TREE NEWS update: Liu Liehong, head of China’s National Data Bureau, led a delegation to Guizhou on Aug 28-29, during the 2026 China International Big Data Industry Expo, to inspect data factor marketization reform. The team visited Guizhou Big Data Group, Guizhou AI Data Factory, Anxin Shutong, Lanxiang Zhilian, Shanghai Guan’an, and Tianyima, examining progress on market-based allocation of data factors.

TREE NEWS reports: In H1 2026, China’s NEV sales surpassed 7.4 million units, nearly half of total car sales, while global power battery installations exceeded 608 GWh, with Chinese firms taking seven of the top ten spots and over 70% market share. At the 2026 World Power Battery Conference in Yibin on September 3, CATL chairman Robin Zeng warned against complacency, saying ‘the more we grow, the more we must stay vigilant.’ He emphasized not sacrificing product quality and consumer trust for speed, noting an average of three new car models launch daily in China.

TREE NEWS update: Isabel Schnabel, a member of the European Central Bank’s Executive Board, is reportedly considering leaving her position ahead of schedule to take a senior role at the International Monetary Fund. The move would mark a significant leadership change at the ECB.

TREE NEWS update: China’s first ‘Token loan’ product for the token economy has been launched in Haizhu District, Guangzhou, with Bank of China’s Guangzhou branch extending about 28 million yuan in credit to related firms. Other banks, including China Construction Bank, Agricultural Bank of China, Bank of Jiangsu, Shanghai Rural Commercial Bank, and Zhangjiagang Rural Commercial Bank, have also introduced compute-related credit products, incorporating computing power and token consumption into credit assessments.

TREE NEWS update: Multiple drugmakers said the negotiation and bidding for China’s 2026 National Reimbursement Drug List (NRDL), along with price consultations for the commercial insurance innovative drug catalog, will commence on September 5 at the National People’s Congress Conference Center. The National Healthcare Security Administration completed pre-communication with negotiating companies last week. Industry insiders expect the on-site negotiations and price consultations to last four to five days.

TREE NEWS reports: Bitcoin’s correlation with gold has reached a six-year high. However, Glassnode remains skeptical of bitcoin’s recent divergence from U.S. equities, noting that similar moves in the past have been short-lived. Analysts question whether the equity decoupling will persist.

TREE NEWS update: Russian President Vladimir Putin said on [date missing] that achieving peace between Russia and Ukraine requires the two sides to first reach an agreement on their own. He emphasized that external mediation should not substitute direct bilateral talks. The statement underscores Moscow’s stance on resolving the conflict without imposed solutions.

TREE NEWS update: Beijing’s first high-value land auction since the August 28 housing policy shift saw a significant cooling, with one plot’s live bidding abruptly suspended. Two residential parcels in Chaoyang and Shunyi, with a combined starting price of 14.592 billion yuan, ended online bidding. The market views this as a stress test for the shift to completed-home sales.

TREE NEWS update: Russian Deputy Prime Minister Alexander Novak said the country’s diesel and jet fuel markets are adequately supplied, while noting a certain gasoline shortage persists. The remarks highlight ongoing fuel supply challenges in Russia despite sufficient stocks of other key products.

TREE NEWS reports: WTI crude oil rose 2% in intraday trading to $92.85 per barrel. The move reflects renewed supply concerns amid geopolitical tensions. Traders are watching for further escalation and its impact on energy prices.

TREE NEWS reports: After the mid-August short squeeze, Bitcoin’s rebound stalled near $80,000 and retreated to $76,000 amid persistent supply. On-chain data shows floating supply in profit rose to 68% at current levels, up from 65% in May. US 10-year Treasury yields climbed to 4.8%, erasing the relief from Treasury buybacks. Options positioning points to a $14B open interest barrier at the September 25 expiry.

TREE NEWS update: Russian President Vladimir Putin said on September 3 at the Eastern Economic Forum that Russia-US contacts are ongoing and could yield results. He expressed support for fully restoring relations with Washington.

TREE NEWS update: Shenzhen Acting Mayor Li Yun visited Pingshan District and toured companies including BYD, emphasizing the need to foster a first-class business environment and industrial ecosystem. He called for developing new quality productive forces according to local conditions to drive high-quality economic and social development.

TREE NEWS update: Israel’s defense minister said on Tuesday that if Iran attacks, Israel will strike back and send Iran back to the Stone Age. The warning escalates rhetoric amid tensions between the two enemies. No further details were provided.

TREE NEWS update: Japanese Finance Minister Katsunobu Katayama said on [date] that the sense of urgency following coordinated FX intervention with the US remains unchanged, aligning with Prime Minister Takaichi Sanae’s considerations. He added that G7 and G20 counterparts have responded very positively to Japan’s growth and fiscal policies.

TREE NEWS update: State Councilor Shen Yiqin inspected elderly care services in Tianjin from the 2nd to 3rd, stressing the need to deepen reform and development of elderly care, expand and improve services to ensure a happy and healthy old age for the elderly.

TREE NEWS update: China’s Ministry of Natural Resources and the China Meteorological Administration issued an orange geological disaster risk warning at 18:00 on September 3. From 20:00 September 3 to 20:00 September 4, parts of southern Zhejiang, eastern and southern Fujian, southern Jiangxi, southern Hunan, eastern Guangdong, and southern Tibet face high risk (yellow). Orange-level high risk applies to southern Zhejiang, eastern and southern Fujian, southwestern Jiangxi, and southeastern Hunan.

TREE NEWS update: Porsche is restructuring its sales and market operations, reducing the number of international sales regions from five to four. The automaker announced the move as part of a broader reorganization of its sales network. The change is expected to streamline operations and improve efficiency.

TREE NEWS update: Shanghai’s municipal government has issued measures to promote sustained growth of farmers’ incomes. The plan emphasizes strengthening agriculture-industry linkages, advancing modern agricultural technology systems, and supporting socialized services to help farmers reduce costs and increase earnings.