Flash News

TREE NEWS update: Chinese Foreign Ministry spokesperson Guo Jiakun said accepting the Tokyo Trials is a precondition for Japan’s return to the international community, warning that 80 years later Japanese right-wing forces deny or glorify aggression and honor war criminals. Speaking after a photo exhibition marking the 80th anniversary of the trials opened at UN headquarters, Guo called on the international community to jointly reject such views and said China will work with peace-loving nations to uphold the truth and the post-war order.

TREE NEWS update: The Shanghai Futures Exchange has opened a public consultation on revisions to its zinc futures contract and business rules. The proposed changes would update the delivery grade standard for zinc ingots from GB/T 470-2008 to GB/T 470-2026, and add a provision allowing zinc ingots used for futures delivery to be stored outdoors.

TREE NEWS update: China’s Foreign Ministry said the EU should respect market economy and fair competition principles and avoid abusing trade remedy tools, after Bloomberg reported the bloc plans trade measures to cut imports of Chinese chemicals, furniture and machinery, possibly in the first quarter of next year. Spokesman Guo Jiakun said the two sides can resolve trade differences through dialogue, citing progress at the second meeting of the China-EU trade and investment consultation mechanism.

TREE NEWS update: Beijing’s Municipal Commission of Planning and Natural Resources published the 13th batch of planned commercial residential land supply for 2026, covering four plots — two each in Tongzhou District and Daxing District. The sites total about 28 hectares with a combined gross floor area of roughly 440,000 square meters, and are slated for supply in the near term.

TREE NEWS update: China’s Foreign Ministry said on the 27th that it has received multiple reports of Chinese citizens being detained and questioned for long periods by UK border officers and having their phones and electronic devices seized. Spokesman Guo Jiakun expressed strong dissatisfaction and serious concern over what Beijing called arbitrary and excessive law enforcement by UK police, and said China has lodged a formal protest with the UK and will protect citizens’ safety and lawful rights.

TREE NEWS update: Chinese Foreign Ministry spokesperson Guo Jiakun said China respects the Brazilian people’s independent choice, responding to a question about US President Donald Trump’s claim on Monday that Brazil’s presidential election was manipulated and his surprise at leftist incumbent Luiz Inácio Lula da Silva’s victory. Guo made the remark at a regular press briefing in Beijing.

TREE NEWS update: Chinese Foreign Ministry spokesperson Guo Jiakun said China is closely monitoring developments in the Middle East, the Gulf and the Red Sea and the Horn of Africa, and is deeply concerned about the prolongation of hostilities and their spillover effects. Guo called on all parties to resolve differences through dialogue and negotiation and to achieve a sustainable ceasefire as soon as possible. China will send a special envoy to countries in the region in the near future to strengthen communication and promote dialogue, he said.

TREE NEWS update: Henan’s Commerce Department, Development and Reform Commission and Finance Department jointly issued a notice optimizing the 2026 consumer goods trade-in subsidy for locally chosen categories, adding smart products. Eligible items include smart cleaning robots, smart dryers, digital cameras and smart water purifiers. The subsidy covers 15% of the final sale price after all discounts, capped at 1,500 yuan per item, with one subsidized unit per category per consumer in the province.

TREE NEWS update: HSBC Holdings’ chief financial officer said the bank plans to save $100 million in costs in the fourth quarter, as its $2 billion cost-reduction program draws to a close. The figure was disclosed without further detail on which units or activities would be affected.

TREE NEWS update: The Agricultural Development Bank of China issued 2-year bonds totaling 6 billion yuan across two tranches, both at a yield of 1.3428% versus an expected 1.4100%, with bid-to-cover of 5.69 times. It also issued 4 billion yuan of 7-year bonds at a 0.0000% yield against an expected 1.5000%, with bid-to-cover of 4.33 times.

TREE NEWS update: China signed the United Nations Convention on Negotiable Cargo Documents at a ceremony in Accra, Ghana, on October 26, with Vice Minister of Commerce Jiang Chenghua signing on behalf of the Chinese government. Twenty-six countries, including China and Ghana, became the convention’s first signatories. The convention will later open for signature at UN headquarters in New York.

TREE NEWS reports: Combined turnover across the Shanghai and Shenzhen stock markets reached 1.460958 trillion yuan on October 27. The Shanghai market accounted for 672.414 billion yuan, while Shenzhen contributed 788.544 billion yuan. The ChiNext board recorded turnover of 383.306 billion yuan.

TREE NEWS reports: The ChiNext Index closed down 3.41% on a high-open, low-close session, with the STAR 50 falling more than 3% and over 4,800 stocks declining across Shanghai, Shenzhen and Beijing markets on turnover of 1.47 trillion yuan. The Shanghai Composite fell 1.33% and the Shenzhen Component dropped 2.5%, while bank and shipping shares bucked the trend, with ICBC and China Construction Bank setting new highs.

TREE NEWS reports: The Shanghai Composite closed at 3,648.30 on Thursday, down 1.33%, as Chinese equities sold off across the board. The tech-heavy ChiNext Index dropped 3.41% to 2,548.15 and the STAR 50 fell 4.81% to 1,252.28, while the Shenzhen Component lost 2.50% to 11,245.73. The CSI 300 declined 1.32% to 4,049.55.

TREE NEWS reports: China’s commodity futures closed mixed, with the container shipping Europe route main contract falling nearly 7% and caustic soda dropping over 4%. Palm oil and platinum each declined more than 3%. On the upside, liquefied petroleum gas rose over 4%, while lithium carbonate, asphalt, polypropylene, propylene and methanol all gained more than 3%.

TREE NEWS update: Iran’s armed forces chief of staff Abdolrahim inspected troop readiness in southern coastal areas on October 26, stating that the Islamic Revolutionary Guard Corps Navy and Army fully control the Strait of Hormuz and monitor all vessel traffic. He said the strategic waterway is completely closed and supervised by the IRGC Navy, contradicting US claims of free navigation, and that no ship may transit without Iranian coordination.

TREE NEWS update: HSBC Holdings finance chief Pam Kaur said the bank’s share-price decline stems from the market having expected stronger guidance from the company. Kaur attributed the drop to elevated investor expectations rather than to the results themselves. The remarks address the stock’s reaction to HSBC’s latest performance update.

TREE NEWS reports: China’s Shanghai Composite Index fell more than 1% in late trading, while the STAR 50 Index, which tracks Shanghai-listed science and technology stocks, dropped more than 4%. The declines mark a sharp selloff in the final stretch of the session, with the tech-focused STAR 50 underperforming the broader market.

TREE NEWS reports: Indonesia’s 10-year government bond yield rose to its highest level since November 2022, a move that lifts borrowing costs for Southeast Asia’s largest economy. The yield increase reflects continued pressure on Indonesian government debt, with the benchmark tenor extending its climb to levels last seen more than three years ago.

TREE NEWS update: Liaoning province issued 14.1 billion yuan ($1.95 billion) of 10-year general local government bonds at a coupon rate of 1.66%. The marginal bid-to-cover ratio was 2.29 times against an expected ratio of 1.66, indicating stronger-than-anticipated demand for the provincial debt.