Hong Kong-listed subnew shares rallied on Tuesday after a steep selloff on Monday, as a group of state-linked funds known as the national team scooped up assets and the central bank promised loans to help stabilize the market.

The Hang Seng China Enterprises Index rose as much as 2.3% after its worst day since the financial crisis in the previous session

Laopu Gold soared more than 8% after tumbling 20% on Monday, shares have risen 188% YTD. The rapid growth in gold jewelry is due to product upgrade, improved gem demand and premiumization trend, favoring premium local brands and foreign luxury brands to gain market share over mass and unbranded jewelry, according to Morgan Stanley's research report.

China’s largest bubble tea chain, Mixue, rose 7.3% on Tuesday after falling 13% on Monday. Mixue Ice Cream and Tea may be unfamiliar to many of us but the Chinese firm has more outlets than McDonald's and Starbucks.

The bubble tea chain's shares jumped by more than 40% in their Hong Kong Stock Exchange debut. The company raised $444m (£352m) in the financial hub's biggest initial public offering (IPO) of the year.

MAO GEPING stock rebounded 5.6% on Tuesday. The Hangzhou-based company was founded by make-up artist Mao Geping in 2000. Mao sought to promote Chinese make-up artistry and aesthetics globally. The brand’s products often depict designs that mimic classical Chinese paintings.