Flash News

TREE NEWS update: China’s Supreme People’s Procuratorate said Yi Huiman, former chairman of the China Securities Regulatory Commission and former deputy head of the National Committee of the Chinese People’s Political Consultative Conference’s Economic Affairs Committee, has been publicly prosecuted on suspicion of accepting bribes. The Qingdao Municipal People’s Procuratorate filed the indictment with the Qingdao Intermediate People’s Court, following a National Supervisory Commission investigation.

TREE NEWS update: Guangzhou’s housing and construction bureau, planning and natural resources bureau, and the Guangdong branch of the National Financial Regulatory Administration issued implementation rules for the national notice on improving commercial housing sales. Developers taking deposits on completed homes must hold a construction permit, sign a deposit contract, and may not charge more than 5% of the total price. Deposits must go into a supervised account and stay frozen until completion filings and utility and public-facility acceptance are done.

TREE NEWS update: A new voluntary accord backed by President Trump calls on technology companies to self-police their own frontier AI systems, placing most of the responsibility for managing frontier AI risks on developers rather than regulators. The agreement is voluntary, meaning firms that sign on are expected to set and enforce their own safety standards for advanced models. No enforcement mechanism or binding regulatory requirement was disclosed.

TREE NEWS update: US President Donald Trump said on the 29th that he met with heads of several technology companies at the White House to discuss artificial intelligence development, and they jointly signed a related agreement document. Trump later that day posted the document on his social media. US media reported the document concerns “internal and external review” of AI technology.

TREE NEWS update: US Vice President JD Vance said many Americans’ first reaction to artificial intelligence is fear of a ‘Skynet’ scenario, in which Terminators take over nuclear weapons and slaughter humans. Speaking on AI, Vance said that outcome will not happen and is in fact impossible. He gave no further policy details.

TREE NEWS update: The White House issued an executive order concerning the renaming of artificial intelligence (AI). US President Donald Trump said Jay Clayton, the Director of National Intelligence, would be a suitable choice to head AI. No further details on the order or the AI role were provided.

TREE NEWS update: US bank regulators said the “living wills” — bankruptcy resolution plans — submitted by 15 banks with more than $250 billion in assets were found to have no shortcomings. The plans set out how each institution would be wound down in an orderly way if it failed.

TREE NEWS update: Meta CEO Mark Zuckerberg outlined an AI framework that technology leaders agreed on after meeting with President Trump at the White House. He said the principles center on strong internal controls, internal risk assessments, outside auditors and evaluators, and independent review of audit reports by company boards. Zuckerberg called the framework “a starting point” that the whole industry can agree on, aimed at convincing the American public and customers that the technology works as intended.

TREE NEWS update: US President Trump said AI is subject to both self-regulation and collective policy, addressing the balance between industry-led rules and coordinated government oversight. The remark was made without further specifics on any planned framework or timing. It marks the latest signal from the White House on how it views AI governance.

TREE NEWS update: The SEC filed two lawsuits in New York against Cryptoaiml and TSAI over alleged AI trading scams that raised about $15 million. Regulators say investors were shown fictitious profits and were pressed for more money when they tried to withdraw. The cases were brought in New York federal court.

TREE NEWS update: US banking agencies published resolution plan feedback letters for 15 banking organizations. The letters set out the agencies’ assessment of the firms’ plans for orderly resolution under bankruptcy. The 15 institutions were not named in the material.

TREE NEWS update: Seven commissioner seats at the SEC and CFTC will be vacant after Friday, leaving only three leaders at the two financial regulators to oversee aspects of the $3 trillion crypto industry. The departures shrink the agencies’ bipartisan benches as both bodies weigh digital-asset rules.

TREE NEWS update: US President Donald Trump said the selection of an artificial intelligence director is nearly settled, with the appointment to be announced in the next three to four days. Trump gave the timing without naming the candidate or specifying the scope of the role. No further details were disclosed.

TREE NEWS update: US President Donald Trump said yes when asked whether AI companies are capable of self-regulation. The remark, made in response to a question on AI industry oversight, indicates the president’s position that AI firms can police themselves rather than face new government rules. No further details or policy specifics were given.

TREE NEWS update: US President Donald Trump said AI guardrails are not necessary, answering “yes” when asked whether such protections are unnecessary. The remark was made in response to a question on the topic. No further policy details or context were given.

TREE NEWS update: US House Speaker Mike Johnson held a meeting with technology company executives, which he described as productive, saying the participants reached a high degree of consensus. Johnson said a proper balance must be found on artificial intelligence, adding that safety and innovation are not mutually exclusive.

TREE NEWS update: US President Trump met with artificial intelligence industry leaders, calling the talks smooth, cordial and productive. Trump said the discussion will make the world safer, that the US holds a large lead in AI and wants to keep it, and that there was broad consensus at the lunch. He said an AI renaming order will be signed at 5:00 pm ET, that AI should be self-regulated, and that AI leaders will work with local communities on data center issues.

TREE NEWS update: Bank of Canada Deputy Governor Toni Gravelle said the central bank is increasing the size of its regular two-week repo operations to relieve upward pressure on Corra, the Canadian Overnight Repo Rate Average, which measures the cost of overnight funding against Government of Canada T-bills and bonds as collateral. Gravelle also said the bank will launch the Canadian Collateral Management Service in the first quarter of 2027 to automate parts of repo transactions and reduce inefficiencies.

TREE NEWS update: US Representative James Comer has expanded a congressional probe to Crypto.com, Hyperliquid and PredictIt, seeking records on government insiders, employee trades and suspicious activity referrals. The inquiry focuses on identity checks and suspicious trades at the three platforms. No findings or responses from the companies were disclosed.

TREE NEWS update: Federal Reserve official Musalem said the Fed should communicate how it converts information into policy, noting that being granted authority over interest-rate decisions carries an obligation to explain the way and the reasons that power is used. He said the policy framework does not promise a specific rate path, and that a clear framework supports policy transparency and helps guard against both inflationary and deflationary spirals.