Flash News

TREE NEWS update: At its 12th anniversary event, JD Supermarket reported double-digit revenue growth and a 15% year-on-year rise in users for the first half of 2026. The company added over 10 brands exceeding 100 million yuan, over 100 products exceeding 10 million, and over 1,000 products exceeding 1 million. To address rising traffic costs and price competition, JD Group VP Niu Yinghua announced four co-creation initiatives: product, user, channel, and efficiency.

TREE NEWS update: China has initiated international standards development for power battery thermal management and retired battery recycling through ISO and IEC, leveraging its industrial practices. The move aims to provide standardized support for the global power battery industry’s coordinated development.

TREE NEWS reports: Southbound capital net selling reached 5 billion yuan as of now. The flow reflects continued outflows from Hong Kong stocks via the Stock Connect scheme.

TREE NEWS reports: China’s overnight Shanghai Interbank Offered Rate (SHIBOR) held at 1.3620% on the latest fixing, unchanged from the previous session. The 7-day rate edged up 0.20 basis points to 1.3760%, while the 3-month rate remained steady at 1.4300%. The rates reflect stable short-term liquidity in the interbank market.

TREE NEWS update: The IMF and El Salvador reached a staff-level agreement on the second and third reviews under the Extended Fund Facility, unlocking about $140 million pending board approval. The IMF confirmed Chivo wallet has largely exited public use, with ownership and control transferred to private operators, and El Salvador pledged no further bitcoin acquisitions beyond recorded private donations.

TREE NEWS update: Japan’s Finance Minister Katsunobu Kato said that US Treasury Secretary Scott Bessent did not discuss Bank of Japan policy in their talks. The two countries’ ministries confirmed that no unilateral policy demands were made.

TREE NEWS update: Japan’s Finance Minister Katsunobu Kato said that US Treasury Secretary nominee Scott Bessent has long believed the yen is undervalued, attributing this mainly to interest rate differentials. The remarks highlight ongoing currency concerns ahead of potential policy shifts.

TREE NEWS reports: At the morning close, Japan’s Nikkei 225 index rose 0.9%, while the broader Topix index fell 0.2%. The mixed performance reflects divergent moves among large-cap and other stocks on the Tokyo Stock Exchange.

TREE NEWS update: China’s National Healthcare Security Administration announced that by the end of 2028, the long-term care insurance system will be basically fully covered nationwide. The agency plans to expand coverage from employees to urban and rural residents, unify disability assessment standards, and promote mutual recognition of results across regions. Policies for异地 care and integration with existing subsidies for elderly and disabled individuals will be improved.

TREE NEWS reports: Shanghai Ganglian data shows MMLC battery-grade lithium carbonate (morning session) midpoint price at 152,200 yuan/ton, down 1,900 yuan/ton from 16:30 previous day.

TREE NEWS reports: Vietnam’s VN Index gained 1% in intraday trading, reflecting positive market sentiment. The rise comes amid regional equity strength, with investors monitoring global economic cues. Further details on the move remain limited.

TREE NEWS update: Japanese Finance Minister Katsunobu Kato said US Treasury Secretary Scott Bessent did not make any specific demands during their talks. The statement follows recent discussions between the two officials amid ongoing trade and currency negotiations.

TREE NEWS update: China’s National Healthcare Security Administration said 28 provinces and 303 coordinated regions now implement zero personal payments for policy-covered hospital childbirth. Maternity insurance covers 260 million people, with flexible workers included in 22 provinces. In the first seven months, maternity insurance fund spending reached 78.42 billion yuan, benefiting 25.56 million people, and maternity allowances were fully paid directly to individuals.

TREE NEWS update: China’s National Healthcare Security Administration will continue annual adjustments to the basic medical insurance drug list, aiming to include more innovative drugs for major diseases such as cancer, chronic conditions, rare diseases, and pediatric illnesses. The move seeks to unify reimbursement catalogs for medical services and consumables nationwide, reducing regional policy disparities.

TREE NEWS update: South Korea said the US raised chip-related issues during talks, and the two sides are now discussing the matter. The comment follows a meeting where Washington reportedly brought up semiconductor concerns, signaling ongoing bilateral negotiations on the topic.

TREE NEWS update: Japan’s Finance Minister Katayama stated that the government will appropriately control bond issuance throughout the year, while monitoring yield trends with a high sense of urgency. He noted that yields are influenced by various factors, signaling caution over rising long-term interest rates.

TREE NEWS update: A South Korean official said the Strait of Hormuz is critical to the country’s economy and security, and Seoul is considering various options including military support. No decision has been made on deploying troops to the strait.

TREE NEWS update: China’s National Healthcare Security Administration said at a State Council Information Office press conference that during the 15th Five-Year Plan period, it will consolidate universal basic medical insurance, optimize participation structure, and expand coverage for flexible workers, migrant workers, and new employment forms. It will enhance maternity protection with direct settlement and allowance payments, and establish a comprehensive long-term care insurance system.

TREE NEWS update: Cathay Pacific announced it will cancel passenger flights to and from Dubai and Riyadh until November 30. The airline cited operational reasons for the suspension, affecting travel plans in the region. Customers are advised to check flight status and rebooking options.