TREE NEWS update: Hunan province issued a 5-year ordinary special local government bond with a total size of 203 million yuan, priced at an issuance yield of 1.3200%. The bid-to-cover marginal ratio was 1.53 times against an expected ratio of 1.32.
TREE NEWS update: China’s Ministry of Natural Resources and the National Development and Reform Commission issued an implementation opinion to accelerate the large-scale, industrialized application of artificial intelligence in the natural resources sector, including intelligent upgrades to the national territorial spatial planning ‘One Map’ system. The plan sets a 2028 target to achieve demonstration applications, building high-quality datasets, large models and AI agents for spatiotemporal geographic information, territorial planning and governance, oceans, geology and minerals, and forestry and grasslands.
TREE NEWS update: Hunan province issued a 10-year general local government bond of 3.072 billion yuan at a coupon rate of 1.6000%, with a marginal bid-to-cover ratio of 1.73 times against an expected 1.60. It also issued a 5-year land-reserve special local government bond of 7.80 billion yuan at 1.3200%, with a marginal ratio of 1.69 times versus an expected 1.32.
TREE NEWS update: A hijack threat note was found in a lavatory aboard an Air India flight scheduled to depart Kolkata for Mumbai before takeoff on Wednesday, triggering the highest level of aviation security response. The flight was due to leave at 10:20 a.m. local time, and the note said the aircraft would be hijacked at 11:10 a.m. All passengers were safely evacuated and the plane was towed to an isolated stand; Indian authorities are investigating the source of the threat.
TREE NEWS update: China Development Bank issued 5 billion yuan of 1-year bonds at a 1.3133% coupon, above the 1.2900% expected, with a bid-to-cover ratio of 2.72 times and a marginal ratio of 1.22 times. It also sold 5 billion yuan of 3-year bonds at 1.3900%, above the 1.3300% expected, with a bid-to-cover ratio of 2.10 times and a marginal ratio of 2.50 times.
TREE NEWS update: Chinese Premier Li Qiang will make an official visit to Thailand, the foreign ministry announced on Nov. 11. Ministry spokesperson Guo Jiakun, asked at a regular press briefing how Beijing views current China-Thailand relations, said China expects the visit to push the building of a China-Thailand community with a shared future to a new level.
TREE NEWS update: Chinese Foreign Minister Wang Yi held talks in Beijing on Nov 11 with Cuban Foreign Minister Bruno Rodriguez, special envoy of the Cuban party and government. Wang said China is ready to work with Cuba to implement the consensus reached by the two heads of state and build a closer China-Cuba community with a shared future. He also called for stronger multilateral coordination and joint opposition to power politics and unilateral acts.
TREE NEWS update: China’s Ministry of Finance will crack down on financial statement and audit violations across the entire chain during the 15th Five-Year Plan period, said Lin Qiyun, director of the ministry’s accounting department, at a press conference. The ministry will tighten accounting standards and improve supporting rules for the certified public accountant industry, while building a coordinated accounting supervision system to safeguard market order, Lin said.
TREE NEWS update: Chinese Foreign Ministry spokesperson Guo Jiakun said China’s position on US chip exports to China is “consistent” after US lawmakers on Tuesday renewed calls to tighten restrictions on China’s access to advanced AI chips, following allegations involving Nvidia CEO Jensen Huang. Guo made the remarks at a regular press briefing in response to a Reuters question.
TREE NEWS update: China’s Foreign Ministry spokesperson Guo Jiakun declined on November 11 to confirm whether Chinese and Japanese leaders will meet on the sidelines of next week’s APEC summit, saying only that Beijing, as 2026 APEC host, will fulfill its host duties and work with all parties for a successful APEC China year. On China-Japan relations, Guo said China has repeatedly stated its position.
TREE NEWS update: China’s Foreign Ministry said on November 11 that Beijing looks forward to the early entry into force of the China-ASEAN Free Trade Area 3.0 upgrade protocol. Spokesperson Guo Jiakun made the remark at a regular press briefing, noting that this year marks five years since the two sides established a comprehensive strategic partnership, during which cooperation has produced fruitful results.
TREE NEWS reports: Memory prices have risen for more than a year, pushing up costs across the consumer electronics industry, TrendForce said. Notebook shipments are forecast to fall sharply quarter on quarter from the third quarter of 2026, leaving PC OEMs facing weak sales and bloated finished-goods inventory. Some vendors plan to scale back memory purchases in the fourth quarter of 2026 and even the first quarter of 2027, and may increase the share of white-label models they ship.
TREE NEWS update: CK Hutchison has postponed the planned initial public offering of its retail arm Watsons, citing market volatility, and may seek to revive the listing in 2027. The conglomerate did not disclose a revised timetable or valuation for the offering. The delay puts one of Asia’s most anticipated retail listings on hold amid unsettled market conditions.
TREE NEWS reports: China’s Treasury futures closed lower, with the 30-year main contract falling 0.43%, the 10-year main contract down 0.12%, the 5-year main contract down 0.08% and the 2-year main contract down 0.03%. The across-the-curve decline marked a weaker session for government bond futures.
TREE NEWS update: China’s Supreme People’s Procuratorate and the Ministry of Public Security jointly released five typical cases of money laundering crimes on [date not given], covering financial intelligence use, standalone prosecution of money laundering, unit money laundering, underground banks and shell-company laundering. The cases involve predicate offenses including illegal absorption of public deposits, corruption and bribery, and fund-raising fraud, and feature diverse laundering methods, complex circumstances and large sums involved.
TREE NEWS reports: Anthropic is targeting a $3 billion to $3.5 billion stock offering in Japan, Bloomberg reported. The AI company’s planned Japanese share sale would rank among the largest equity offerings tied to an artificial intelligence developer. No timetable or investor list was disclosed in the report.
TREE NEWS update: Mitsubishi UFJ Financial Group said a cyberattack on one of its suppliers may have led to a data breach, the Japanese banking group disclosed. The company did not specify which supplier was affected, what data may have been exposed or how many parties were impacted. MUFG gave no further details on the scope of the incident or any response measures.
TREE NEWS update: China had more than 100,000 practicing certified public accountants and over 10,000 accounting firms, including branches, as of the end of the 14th Five-Year Plan period, Lin Qiyun, director of the Ministry of Finance’s accounting department, said on Nov. 11. These firms serve 4.2 million enterprises and public institutions annually. The country also has over 160,000 bookkeeping agencies with more than 580,000 full-time staff, serving over 16 million small and micro businesses.
TREE NEWS update: The preparatory group for the China Internet Finance Association’s internet lending self-discipline working committee held its third meeting in Beijing on Nov. 6, the association said. The group reviewed and approved a preparatory work report and agreed to submit a request to establish the committee through the association’s procedures. Member units including Du Xiaoman, Ant Group, Tencent, JD Technology and Douyin attended.
TREE NEWS update: The Agricultural Development Bank of China issued 4 billion yuan of 3-year bonds at a 1.3042% yield, below the 1.3500% expected, with a bid-to-cover ratio of 6.13 times. It also sold 4 billion yuan of 5-year notes at 1.3991% and 5 billion yuan of 10-year bonds at 1.6218%, which was above the 1.6100% expected. Bid-to-cover ratios were 7.00 times and 5.92 times, respectively.