Flash News

TREE NEWS reports: China’s industrial profits above designated size rose 14.4% year-on-year in September, the fastest pace since June, helped by AI and energy sectors. The People’s Bank of China’s open-market reverse repo operation hit a record high, with a net injection of 101.4 billion yuan on the day. The CSI 50 index fell 1.5% in the morning session, while banking and retail stocks gained.

TREE NEWS update: Algeria’s national carrier Air Algérie began the first direct service between Shanghai and Algiers on October 27, 2026, when flight AH3082 from the Algerian capital landed at Shanghai Pudong International Airport at 3:37 a.m. The arrival, marked by a water-cannon salute at Pudong, adds a new destination in a Belt and Road partner country to Shanghai’s route network.

TREE NEWS update: Nanjing sold three residential land plots for a combined 626 million yuan ($87 million) on Oct. 27, all at the reserve price. The parcels cover a total land area of 75,365.43 square meters and a planned gross floor area of 97,760 square meters, with the same 626 million yuan starting price.

TREE NEWS reports: Galaxy told clients in an Oct. 22 research note that bitcoin’s bear market ended in June and the asset is now in an accumulation phase, calling it a good time to buy and hold. The firm cited the 200-week moving average holding as support, five straight weekly closes above the 50-week average, and a halving of ETF and futures positions by basis traders and macro speculators. Galaxy set a weekly close below $76,540 as a condition that would change its view.

TREE NEWS update: HSBC expects its common equity tier 1 (CET1) capital ratio to land between 14% and 14.5%, the bank said. The CET1 ratio is a key measure of a bank’s financial strength and ability to absorb losses. No further details were provided on the timeframe or the drivers behind the forecast.

TREE NEWS update: HSBC Holdings said it will buy back up to $1 billion of its own shares. The announcement gives no further detail on timing or execution. HSBC is one of the largest banks in the world by assets.

TREE NEWS reports: HSBC Holdings reported third-quarter pre-tax profit of $9.63 billion, below the $9.7 billion estimate. Revenue came in at $18.6 billion versus an expected $18.93 billion, while the common equity tier 1 capital ratio stood at 13.9%, short of the 14.1% estimate. The bank booked $832 million in net expected credit loss provisions for the quarter.

TREE NEWS update: China’s Ministry of Finance issued 60 billion yuan of 91-day bonds at a yield of 1.1222%, with a marginal rate of 1.1585% against an expected 1.1300%, drawing a bid-to-cover ratio of 3.13 times. It also sold 55 billion yuan of 182-day bonds at 1.1294%, with a marginal rate of 1.1700% versus an expected 1.1300%, bid-to-cover 3.26 times and a marginal ratio of 26.05 times.

TREE NEWS reports: China’s STAR 50 index fell 1.5% in the morning session on Oct. 27 as the three major benchmarks edged lower, with the Shanghai Composite down 0.13%, the Shenzhen Component down 0.33% and the ChiNext down 0.45%. Banks and consumer retail stocks rose against the trend, with Shanghai Rural Commercial Bank up nearly 4% to a year-high and China Construction Bank setting a record, while more than 3,700 stocks declined and half-day turnover reached 877.5 billion yuan.

TREE NEWS update: The Export-Import Bank of China issued a 1-year bond worth 13 billion yuan on Wednesday, pricing it at a yield of 1.3196%, slightly above the expected 1.3100%. The sale drew a bid-to-cover ratio of 2.85 times and a marginal ratio of 2.17 times.

TREE NEWS reports: China’s national electricity trading volume rose 18.9% year-on-year in the first nine months of 2026, the National Energy Administration said. In September alone, power trading reached 673.7 billion kWh, up 17.5% year-on-year. Intra-provincial trading totaled 523.5 billion kWh, up 21.7%, while inter-provincial and cross-regional trading reached 150.2 billion kWh, up 5.0%. Green power trading was 31 billion kWh, up 6.9%.

TREE NEWS reports: The overnight Shanghai Interbank Offered Rate (SHIBOR) fell 2.00 basis points to 1.2810%. The seven-day SHIBOR dropped 1.50 basis points to 1.3480%, while the three-month rate declined 0.10 basis points to 1.4055%.

TREE NEWS update: The Philippine peso weakened past 64 to the dollar for the first time on record, breaching a level it had never previously traded through. The move extends the currency’s decline against the greenback, with the 64 threshold now crossed in the spot market.

TREE NEWS reports: PetroChina’s ethylene output rose 26.4% year-on-year in the first three quarters of the year, setting a record for the period, the company’s newspaper reported. Total ethylene capacity has surpassed 12 million tonnes per year, with six subsidiaries each exceeding one million tonnes annually. The increase comes as Asian naphtha supply tightens and Northeast Asian ethylene spot prices reached $1,190 per tonne on October 23, over 70% above the pre-conflict level of $695.

TREE NEWS update: The Saudi-led coalition intercepted and destroyed three ballistic missiles launched by Yemen’s Houthi movement toward eastern Saudi Arabia on June 27, coalition spokesman Turki al-Maliki said in a social media post. The coalition also intercepted and destroyed four drones launched toward the country’s south, he said.

TREE NEWS reports: ByteDance founder Zhang Yiming became China’s richest person for the second time with 67 billion yuan, a record high for the Hurun China Rich List, the 2026 edition published by the Hurun Research Institute showed. Nongfu Spring founder Zhong Shanshan fell to second place with 41 billion yuan after his wealth shrank by 12 billion yuan. DeepSeek’s Liang Wenfeng entered the top ten for the first time with 28 billion yuan.

TREE NEWS update: China Cinda and China Orient Asset Management have jointly established Jiangcheng Lingxiang No. 2 (Wuhan) Equity Investment Fund Partnership, a limited partnership registered in Wuhan. The fund’s business scope covers private equity investment fund management and venture capital investment fund management services. The two state-owned asset managers are co-investors in the vehicle.

TREE NEWS update: China’s Jiaolong crewed submersible completed 7,000-meter-class sea trials in the Philippine Sea Basin, conducting three dives with two exceeding 7,000 meters and a maximum depth of 7,056.9 meters. The trials, part of the second leg of China’s Ocean 100 expedition, were carried out under a national key R&D program to upgrade the submersible’s operational and scientific capabilities, with all test indicators meeting requirements.

TREE NEWS update: China Development Bank issued 38 billion yuan ($5.2 billion) of bonds across three tenors, with the 1-year tranche pricing at 1.3324% against an expected 1.3500% on 8 billion yuan of paper and a 4.90x bid-to-cover ratio. The 3-year bond raised 7 billion yuan at 1.4000% (expected 1.4100%, 3.70x covered), and the 10-year tranche raised 23 billion yuan at 1.6302% (expected 1.6400%, 2.97x covered).

TREE NEWS reports: Japan’s Nikkei 225 closed the morning session up 1.9%, while the broader Topix index gained 0.6%. The morning session ended with both benchmarks in positive territory.