China Business Daily

7 October 2026 · 07:29 CST · Daily intelligence brief

This edition draws on 32 reports across 8 Chinese outlets.

At a Glance

  • France and Germany’s October 5 informal document to the European Commission seeking stronger trade-defense tools drew pushback from China’s Commerce Ministry on October 6. People’s Daily, 2026-10-07.
  • Meituan’s proposed $717 million acquisition of Dingdong Maicai’s China business remains pending regulatory approval, with founder Liang Changlin committing to a 5-year non-compete. Economic Observer, 2026-10-07.
  • China’s home-purchase loan interest subsidy caps subsidized loans at 1 million yuan, with a 1 percentage point annualized subsidy for up to five years. 21jingji, 2026-10-06.

Top Stories

Trade

  • China’s Commerce Ministry pushes back as France and Germany press EU to toughen trade defense tools · covered by 3 outlets
  • France and Germany submitted an informal document to the European Commission requesting that the EU strengthen its use of trade defense measures and roll out several new protectionist tools, according to media reports. People’s Daily, 2026-10-07.
  • China’s Ministry of Commerce (商务部) spokesperson said China hopes France and Germany, as important global economies, will uphold open cooperation and free trade, abide by WTO rules, and not urge the EU to readily use protectionist tools, according to the spokesperson. People’s Daily, 2026-10-07.
  • China’s Ministry of Commerce spokesperson said protectionism cannot raise competitiveness and that decoupling and breaking supply chains only harm others without benefiting oneself, according to the spokesperson. Eastmoney, 2026-10-06.
  • China’s Ministry of Commerce spokesperson also urged that economic and trade issues not be politicized or over-securitized, according to the spokesperson. Eastmoney, 2026-10-06.

Company

  • Meituan to acquire Dingdong Maicai’s China business, deal pending regulatory approval · covered by 1 outlet
  • Meituan (美团; a Chinese on-demand services platform) announced a proposed acquisition of 100% of Dingdong Maicai’s (叮咚买菜; a Chinese fresh grocery e-commerce platform) China business for approximately US$717 million, according to Meituan. Economic Observer, 2026-10-07.

  • The acquisition, involving Dingdong Maicai’s 100% China business stake, was disclosed in February 2026 and still awaits regulatory approval, according to Meituan. Economic Observer, 2026-10-07.

  • DataSea DTSS posts fiscal 2026 revenue decline; new product wins presale orders and FDA registration · covered by 1 outlet

  • DataSea DTSS (数海信息; a Chinese data technology company) reported fiscal 2026 revenue of about US$40.7 million, down 43.17% year over year, according to DataSea DTSS. Economic Observer, 2026-10-07.
  • After the reporting period, NeuroVibe NV-02 signed a pre-sale agreement for 6,200 units (about US$3.64 million including tax), according to DataSea DTSS. Economic Observer, 2026-10-07.

  • NeuroVibe NV-02 completed FDA establishment registration and product listing in the United States, according to the FDA. Economic Observer, 2026-10-07.

  • Autohome sees 400 shares shorted in Hong Kong, 2.68% of turnover · covered by 1 outlet

  • On October 6, Autohome (汽车之家; a Chinese online auto services platform) had Hong Kong short-selling volume of 400 shares. Economic Observer, 2026-10-07.

  • Autohome’s Hong Kong stock short-selling ratio on October 6 was about 2.68%. Economic Observer, 2026-10-07.

  • Dogness fiscal revenue falls 23.3% as net loss widens 441.6% · covered by 1 outlet

  • Dogness (多尼斯; a Chinese pet products maker) reported revenue of about US$15.8842 million for the fiscal year, down 23.3% year on year from about US$20.7077 million, according to Dogness. Economic Observer, 2026-10-07.
  • Its net loss was about US$27.6292 million, widening 441.6% from about US$5.1012 million in the prior fiscal year, according to Dogness. Economic Observer, 2026-10-07.

  • Gross margin fell to 16.0% from 24.3% in the prior fiscal year, according to Dogness. Economic Observer, 2026-10-07.

  • MEGL revenue slides as weak Hong Kong IPO business deepens losses · covered by 1 outlet

  • Zhifu (智富; a Hong Kong financial services firm) faces declining revenue, sustained losses, and depleted liquidity, with weak Hong Kong IPO business intensifying its operating pressure. Economic Observer, 2026-10-07.
  • Its business is highly correlated with the Hong Kong IPO market, and weak Hong Kong IPO sentiment and shrinking business are the direct backdrop for widening losses. Economic Observer, 2026-10-07.
  • On October 6, trading volume was only about US$10,000. Economic Observer, 2026-10-07.

Property

  • China’s home-purchase loan interest subsidy takes effect as National Day property sales rise in multiple cities · covered by 2 outlets
  • On September 29, the Ministry of Finance, together with the People’s Bank of China and the National Financial Regulatory Administration, issued a notice to implement a home-purchase loan interest subsidy policy starting October 1, 2026, initially for one year, according to the Ministry of Finance. 21jingji, 2026-10-06.
  • From October 1 to 3, Wuhan’s new commercial housing sales increased by more than 10% year on year, while Shiyan’s sales area and sales amount both rose about 13%, according to the Hubei provincial housing department. 21jingji, 2026-10-06.

  • Poly Zhongjiao Daduhui, among the first batch of projects benefiting from the interest subsidy policy, saw unit prices as low as 11,000 yuan per square meter and more than 15 transactions since National Day’s first day, according to Foshan housing authorities. 21jingji, 2026-10-06.

  • Shanghai’s Xiangyu Tianyu Lanxiang books 230 million yuan in first three National Day days · covered by 2 outlets

  • Xiangyu Tianyu Lanxiang saw nearly 100 visits per day on average and booked 230 million yuan of sales in the first three days of the National Day holiday, according to project sales head Xu Tong. Sina, 2026-10-06.
  • At China Railway YunJing Bund, the units on sale average about 15 million yuan each and about one unit was sold per day during the National Day holiday, according to a project sales consultant. National Business Daily, 2026-10-06.
  • Shanghai new home prices rose 0.50% month-on-month and 7.74% year-on-year in September, according to the China Real Estate Index System’s 100-city price index. National Business Daily, 2026-10-06.

Macro

  • China cycling users surpass 130 million as bicycle industry output value reaches 300 billion yuan · covered by 1 outlet
  • As of the end of August last year, China’s number of cycling users had surpassed 130 million. People’s Daily, 2026-10-07.
  • China’s bicycle industry output value reached 300 billion yuan, per data cited in the article. People’s Daily, 2026-10-07.

  • By last year, China had more than 80,000 amateur cycling clubs nationwide. People’s Daily, 2026-10-07.

  • National Day tourism: Zhangjiajie draws 219,200 visitors as Ctrip reports double-digit inbound growth · covered by 1 outlet

  • In the first five days of the National Day holiday, Zhangjiajie National Forest Park received 219,200 total visitors, including 13,200 inbound tourists, up 11.86% year on year. People’s Daily, 2026-10-07.
  • A Ctrip (a Chinese online travel platform) report showed that during the Mid-Autumn and National Day period, inbound tourism maintained double-digit growth, with Russia ranking first among source countries at 173% growth, while the UK, Malaysia, and Canada exceeded 50% growth, according to Ctrip. People’s Daily, 2026-10-07.
  • Tongcheng Travel (a Chinese online travel platform) data showed that in the first four days of the holiday, county-level destinations such as Pingtan, Anji, Yangshuo, Zhongmu, Jianshui, and Wuyuan ranked among the most popular, with tourists staying an average of more than five days, according to Tongcheng Travel. People’s Daily, 2026-10-07.

Energy

  • China’s national carbon market covers 3,680 key emitters with cumulative turnover of 65.699 billion yuan · covered by 1 outlet
  • As of the end of August this year, the national carbon market had cumulatively included 3,680 key emitting enterprises, with cumulative trading volume of 961 million tons and turnover of 65.699 billion yuan, according to the 2026 China Carbon Market Conference. People’s Daily, 2026-10-07.
  • On July 16, 2021, the national carbon emissions trading market officially launched, with the first batch including over 2,000 power generation enterprises and carbon emissions exceeding 4 billion tons. People’s Daily, 2026-10-07.
  • The national carbon market has expanded to steel, cement, aluminum smelting, and other industries, effectively controlling more than 65% of national carbon dioxide emissions. People’s Daily, 2026-10-07.

Markets

  • Hong Kong stocks close 1% higher as internet and drug shares rally · covered by 5 outlets
  • The Hang Seng Index closed at 24,280.56 points on October 6, 2026, up 240.22 points, a gain of 1.0%. Eastmoney, 2026-10-06.
  • The Hang Seng Tech Index closed at 4,223.08 points, up 39.4 points, a gain of 0.94%. Eastmoney, 2026-10-06.

  • Pharmaceutical stocks surged, with CanSino Biologics (a Chinese vaccine maker) up 14%. Securities Times, 2026-10-06.

  • Hong Kong property stocks rally as buying returns to the sector · covered by 2 outlets

  • As of 14:50 on October 6, the Hong Kong stock market’s real estate sector traded actively. Economic Observer, 2026-10-06.
  • R&F Properties’ shares rose more than 9% and Shimao Group’s shares rose more than 8%. Economic Observer, 2026-10-06.

  • Sunac China’s shares rose nearly 6%, while shares of Agile Group, Logan Group and other multiple stocks rose more than 5%. Economic Observer, 2026-10-06.

  • Hong Kong innovative drug stocks rally, GenScript Biotech hits fresh high · covered by 2 outlets

  • Innovative-drug concept stocks rose broadly, with GenScript Biotech (金斯瑞生物科技; a Chinese biotech company) up 6% to a new high. National Business Daily, 2026-10-06.

  • CanSino Biologics rose nearly 15% and Zai Lab gained more than 6%. National Business Daily, 2026-10-06.

  • Hong Kong AI and innovative drug shares rally; Moonshot AI reportedly valued at $50 billion ahead of IPO · covered by 2 outlets

  • Moonshot AI (a Chinese AI startup) has completed its final private funding round at a valuation of about $50 billion and is advancing a Hong Kong IPO in the first quarter of next year, according to Bloomberg. Eastmoney, 2026-10-06.
  • Alibaba rose 2.66% and Baidu Group rose 3.3%. Securities Times, 2026-10-06.

  • CanSino Biologics rose over 14%, Biocytogen-B rose over 11%, and Zai Lab rose over 9%. Securities Times, 2026-10-06.

  • A-share September buyback roundup: nearly 12 billion yuan spent; Mankun Technology jumps 69.78% · covered by 1 outlet

  • Since September, about 150 A-share listed companies have carried out share buybacks, with total buyback value for the month nearing 12 billion yuan, according to Tonghuashun iFinD. National Business Daily, 2026-10-06.
  • Zhongji Innolight (中际旭创; a Chinese optical module maker) repurchased a cumulative 5.6531 million shares for a total payment of 4.997 billion yuan at an average buyback price of about 883.99 yuan per share, according to Zhongji Innolight. National Business Daily, 2026-10-06.
  • Mankun Technology (满坤科技; a Chinese PCB maker) share price surged 69.78% in September, hitting a new high since listing, according to Mankun Technology. National Business Daily, 2026-10-06.

Also Reported

Further developments selected for today’s brief; tap a source to read the original.

Sources

32 source articles across 8 Chinese outlets. Each story below lists the outlets that corroborate it; click any source to read the original.

China’s Commerce Ministry pushes back as France and Germany press EU to toughen trade defense tools — 3 outlets

Meituan to acquire Dingdong Maicai’s China business, deal pending regulatory approval — 1 outlet

Completed-home sales rules plus mortgage interest subsidies lift National Day property sales across multiple cities — 3 outlets

China’s cycling boom opens a new consumer spending lane — 1 outlet

China steps up national carbon market buildout to drive green transition — 1 outlet

National Day holiday tourism shows three-track recovery in China’s consumer market — 1 outlet

Hong Kong stocks open 1% higher as internet majors rally — 5 outlets

Hong Kong property stocks rally as buying returns to the sector — 3 outlets

Hong Kong innovative drug stocks rally, GenScript Biotech hits fresh high — 2 outlets

Two Hong Kong sectors jump as buyers pile back in — 2 outlets

DataSea DTSS posts fiscal 2026 revenue decline; new product wins presale orders and FDA registration — 1 outlet

Shanghai housing: some projects top 200 million yuan in three-day National Day sales — 3 outlets

Autohome sees 400 shares shorted in Hong Kong, 2.68% of turnover — 1 outlet

Zhongji Xuchuang completes nearly 5 billion yuan buyback; PCB peer Mankun Tech up almost 70% in a month — 2 outlets

Dogness fiscal revenue falls 23.3% as net loss widens 441.6% — 1 outlet

MEGL revenue slides as weak Hong Kong IPO business deepens losses — 1 outlet

Lixiang Education shareholders approve share issuance and capital restructuring — 1 outlet

Methodology: stories are clustered across Chinese outlets and ranked by breadth of corroboration and recency. Reporting is descriptive only and is not investment advice. Compiled 7 October 2026 07:29 CST.

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