E Fund Liquor(03189.HK) down 2.15%, Moutai retail price above RMB1,800

NewTimeSpace News: As of 13:48 HKT on September 24, 2026, E Fund (HK) CSI Liquor Index ETF (03189.HK) fell 2.15% intraday to HK$1.092, with turnover of HK$1.4125 million.

NewTimeSpace understands that the ETF is managed by E Fund Management (Hong Kong) Co., Limited and tracks the CSI Liquor Index, covering liquor companies listed in the A-share market. As of 13:48 HKT on September 24, 2026, the ETF had assets of HK$85.1199 million, a net asset value of HK$1.114 per unit and a board lot of 100 units.

On the news front, a survey of liquor retail outlets by The Paper showed that Feitian Moutai retail prices were generally above RMB1,800 per bottle, eighth-generation Wuliangye above RMB820 per bottle and high-degree Guojiao 1573 above RMB900 per bottle, while a number of distillers have shifted their assessment focus from distributor payments to bottle-opening rates. Data published by the Luzhou China Baijiu Wholesale Price Index showed the national wholesale price index at 100.07 for mid-September, up 0.07% month on month and ending a previous decline, with premium brands up 0.13%.

China Merchants Securities noted in a research report that channel feedback points to a roughly 10% year-on-year decline in liquor sell-through during the 2026 Mid-Autumn and National Day period, a marked narrowing from the 20% drop in 2025; distillers are repairing the value chain through supply control, price support, channel governance and destocking, with channel inventories clearly drawn down and terminal inventories at historically low levels while mainstream product prices have stabilised.

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