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CNBC reports Luckin Coffee, with backing from Abu Dhabi sovereign wealth fund Mubadala, is re-evaluating entry into the Middle East. Chairman Li Hui told CNBC on Monday the company is assessing other markets and may enter Gulf countries, citing stabl

2026-09-29

CNBC reports Luckin Coffee, with backing from Abu Dhabi sovereign wealth fund Mubadala, is re-evaluating entry into the Middle East. Chairman Li Hui told CNBC on Monday the company is assessing other markets and may enter Gulf countries, citing stable, high-frequency coffee consumption and rising demand for low-sugar, health-oriented beverages.

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2026-09-29

Shanghai Composite closed up 0.18% after a choppy session; Shenzhen Composite rose 0.34% and the ChiNext Index gained 0.09%. Turnover on the Shanghai and Shenzhen exchanges were 1.41 tln yuan, down 293.6 bln yuan from the prior day. More than 3,400 s

Shanghai Composite closed up 0.18% after a choppy session; Shenzhen Composite rose 0.34% and the ChiNext Index gained 0.09%. Turnover on the Shanghai and Shenzhen exchanges were 1.41 tln yuan, down 293.6 bln yuan from the prior day. More than 3,400 stocks advanced. Short-drama/game-related names led gains, with Huamei Holdings, Nanwei Software, Zongheng Communication, Yinli Media and iReader Technology hitting daily upper limits. Real estate strengthened — Huafa Shares, Binjiang Group and China Vanke A hit upper limits. Solid-state battery plays surged: Wuhan Blue Electric hit the upper limit; Shangshui Intelligent, Guoxuan High‑Tech and Jinlongyu also reached limits. PCB names firmed, with XunjieXing at the upper limit. Dairy stocks rallied late, Junyao Health hit the upper limit. CRO-related stocks spiked then pulled back; Nearshore Protein jumped over 10%. Lab-grown diamond sector led declines, with Huanghe Xuanfeng nearing limit-down. Grain-related names retreated; Jinjian Rice Industry and Wanxiang Denong hit limit-down.
2026-09-29

China A-share property sector opened selectively higher; Shenwuye A hit a second straight daily limit-up, while Tefa Service, Xinda Real Estate, Shahe Co., Shenzhen Zhenye A and Wo Ai Wo Jia are also advanced.

China A-share property sector opened selectively higher; Shenwuye A hit a second straight daily limit-up, while Tefa Service, Xinda Real Estate, Shahe Co., Shenzhen Zhenye A and Wo Ai Wo Jia are also advanced.
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