Chinese and UAE officials met in Beijing on October 22, 2026, to align national development strategies and expand bilateral trade following $110 billion in non-oil trade in 2025. Meanwhile, Gulf sovereign wealth funds deployed $14.2 billion into China and Hong Kong during the first nine months of 2026, led by Saudi Arabia and UAE funds.
Sovereign wealth funds invested $14.2 billion into mainland China and Hong Kong during the first nine months of 2026, marking a near-190% jump from 2025 levels. Gulf sovereign entities accounted for roughly 70% of these inflows, led by Saudi Arabia's PIF alongside UAE funds ADIA and Mubadala.
Luckin Coffee appointed Philip Yifei Bao of Abu Dhabi's Mubadala Investment Company to its board on October 8, 2026. The move follows Mubadala's participation alongside Centurium Capital in an investment valued at approximately $1 billion. The Chinese coffee company has reached 100 outlets in Singapore and is evaluating expansion into the Gulf region.
Abu Dhabi sovereign wealth fund Mubadala Investment Company has agreed to acquire a $1 billion minority stake in Luckin Coffee. The transaction is conducted in partnership with Luckin's controlling shareholder Centurium Capital, whose 22.08% ownership remains unchanged. Luckin operates over 36,000 stores in China alongside 250 international locations.
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