Firmly Bullish on China's Capital Markets: Two Major Central SOEs, China Reform and CHINA CHENGTONG, Announce Continued …

On July 19, China Reform Holdings Corporation Ltd. and CHINA CHENGTONG Development Group announced they would continue to increase their holdings in central state-owned enterprise (SOE) stocks and technology-related assets, having already invested over RMB 50 billion. As two state-owned capital operation platforms, they expressed strong confidence in the prospects of the capital markets and stated they would utilize re-lending facilities and proprietary funds to maintain market stability. This marks their second synchronized move since April 2025, viewed as a strong signal of support from national-level capital