Flash News

TREE NEWS update: Li Xingqian, vice chairman of the China Council for the Promotion of International Trade (CCPIT), met with Magda Chambriard, president and CEO of Brazil’s Petrobras, in Beijing to discuss enhancing China-Brazil energy cooperation, facilitating foreign firms’ development in China, and promoting industrial chain integration. Brazilian Ambassador to China Gao Wang also attended the meeting.

TREE NEWS update: Tan Ganming, former deputy secretary of the Yichun Municipal Party Committee and former mayor of Yichun City, is under disciplinary review and supervision investigation by the Jiangxi Provincial Commission for Discipline Inspection and Supervision. Tan voluntarily confessed to serious disciplinary and legal violations. The case underscores ongoing anti-corruption efforts in Jiangxi province.

TREE NEWS update: China has expanded its national satellite navigation positioning base station network to 7,569 stations, boosting BeiDou large-scale applications. The stations include 420 national, 3,293 provincial, and 3,856 collaborative ones, forming a unified national network for high-precision spatiotemporal services across sectors like urban planning, ecological protection, and disaster warning.

TREE NEWS reports: The Baltic Dry Index gained 4.01% to reach 3,628 points on the latest trading session. The increase reflects firming demand for dry bulk shipping, with capesize and panamax rates contributing to the advance. The index tracks global shipping costs for major raw materials.

TREE NEWS reports: Hedge fund giant Citadel is planning to acquire US shale oil production assets. The move signals growing interest from financial investors in energy infrastructure. No financial details or timeline have been disclosed.

TREE NEWS update: A landslide in Gyirong County, Tibet, has killed 31 people and left 531 missing. The disaster struck on Sunday, triggering rescue efforts. The exact cause of the landslide is under investigation.

TREE NEWS update: French Health Minister Stéphanie Risté said on September 4 that around 7,000 excess deaths occurred during this summer’s heatwaves through the end of July. Final statistics will be published in the coming weeks. Earlier estimates put excess deaths at 5,764 between June 17 and July 2.

TREE NEWS update: Hubei Energy announced plans to invest about 8 billion yuan in clean energy and related industrial chain projects in Enshi Prefecture during the 15th Five-Year Plan period (2026-2030). The investment will fund a batch of wind, solar, hydro, storage, and integrated energy projects.

TREE NEWS update: Phase II of the photovoltaic project in Shenzhen’s ‘virtual power plant town’ passed full-function commissioning and acceptance on March 3, achieving ‘observable, measurable, adjustable, and controllable’ grid connection. It is the city’s first demonstration project aggregating distributed solar via a virtual power plant, marking a new stage in Southern Power Grid’s distributed resource regulation.

TREE NEWS update: China’s pension regulator plans to include equity-linked secondary bond funds and partial-equity hybrid funds in the personal pension product catalog. Fund companies can submit one product by September 8, with conditions requiring at least three years since inception, daily subscription, and a minimum scale of 5 billion yuan over the last four quarters.

TREE NEWS update: Simcere Pharmaceutical announced that its co-developed Class 1 biologic, culerviveimab injection (brand name Yingmule), has been approved by China’s National Medical Products Administration. It becomes the first domestically developed long-acting preventive monoclonal antibody for respiratory syncytial virus (RSV) in the country. The drug was developed in strategic partnership with Ruiyang (Shandong) Biopharmaceutical.

TREE NEWS update: China’s State Administration for Market Regulation, with the Ministry of Civil Affairs, has issued two mandatory national standards—’Basic Specifications for Elderly Care Institutions’ and ‘Criteria for Determining Major Accident Hazards in Elderly Care Institutions’—to guide these facilities in addressing service and safety shortcomings. The standards aim to promote their transformation toward standardization, professionalization, and upgraded operations.

TREE NEWS update: The International Monetary Fund said El Salvador has not used public funds to accumulate bitcoin since June 2025, with purchases coming from private donations. The statement clarifies the government’s bitcoin acquisition policy, which had drawn scrutiny from the fund during past loan negotiations.

TREE NEWS update: Zhejiang Maritime Bureau activated a Level III typhoon emergency response on June 24. The move comes as a tropical storm approaches the region, prompting heightened maritime safety measures. The bureau urged vessels to take precautionary actions and monitor weather updates closely.

TREE NEWS update: Kremlin spokesman Dmitry Peskov said on September 4 that President Putin’s peace conditions from June 2024 remain valid, responding to reports that US envoy Witkoff and Jared Kushner plan to visit Moscow and Kyiv on September 5-6. Peskov declined to confirm the visits, saying any contacts will be announced when they occur.

TREE NEWS update: Drainage at the Baoxi Reservoir in Fuding, Fujian, has exceeded half its capacity following a landslide on September 2 caused by heavy rains from Typhoon Shadel. Water levels have dropped significantly after two days of rescue efforts by local authorities. Traffic, water, and power supplies are gradually being restored across affected townships.

TREE NEWS update: BHP responded to media reports about potential cooperation with Chinese capital on its Western Australia iron ore (WAIO) business, stating it has a long history of partnerships and regularly explores options that could create long-term value for shareholders. The company emphasized that WAIO is a core part of its portfolio and it remains committed to the business and the region.

TREE NEWS update: On September 3, NIO founder and CEO William Li said the auto industry has entered the most brutal phase of the marathon’s final stretch, with industry-wide profits under sustained pressure and sales and manufacturing margins at low levels. He noted that while single-vehicle costs have risen—memory chips up 10,000 yuan and batteries up 3,000-4,000 yuan—NIO will maintain price stability in the second half of the year.

TREE NEWS update: China Development Bank priced a 5 billion yuan (US$700 million) three-year green financial bond on September 3 via the China Foreign Exchange Trade System, with a coupon of 1.27%. It marked the bank’s first online book-building issuance of a green bond, boosting efficiency and transparency.

TREE NEWS update: China’s National Financial Regulatory Administration (NFRA) released draft rules on information disclosure for banks and insurers, now open for public comment. The measures clarify responsibilities across institutions, directors, supervisors, senior managers, shareholders, actual controllers, and third-party services like accounting and law firms. They also empower regulators to take action against violations.