Greater China Banks Daily: China state-backed funds step up support for A-share market; Private commercial banks reduce loan-facilitation partners after new rules

Research evidence excerpt

Greater China Banks Daily: China state-backed funds step up support for A-share market; Private commercial banks reduce loan-facilitation partners after new rules

Global Research

21 July 2026ab

Greater China Banks Daily Equities

ChinaChina state-backed funds step up support for A-

share market; Private commercial banks reduce Banks

loan-facilitation partners after new rules MayAnalystYan

may.yan@ubs.com

+852-2971 7157

China state-backed funds step up support for A-share market Alex Ye

Analyst

Economic Information Daily, July 20: China Reform Holdings and China Chengtong, two S1460522090005

central state-owned investment holding companies, announced on July 19 that they alex.ye@ubs.com

have increased holdings of Chinese equity assets, signaling continued policy-backed +86 755 2215 8858

support for the A-share market. China Reform said its entities under its affiliated Guoxin

Catherine Yang, CFA

Investment have deployed more than Rmb50bn through special relending facilities for Analyst

share buybacks and stake increases, together with matching funds, to help stabilize the S1460526010003

market and support the strategic value of core central SOE assets. China Chengtong said catherine-za.yang@ubs.com

it and subsidiaries including Chengtong Capital and Chengyang Investment recently +86-755-2215 8860

bought nearly Rmb10bn of Chinese equities, focusing on SOEs, technology companies Helen Li, CFA

and ETFs. Both firms said they remain confident in China’s economy and capital market Analyst

outlook and will continue using policy tools and proprietary funds to increase positions. helen-za.li@ubs.com

+852-2971 6066

Private commercial banks reduce loan-facilitation partners after new rules

NBD, July 16: Private commercial banks are scaling back internet-loan partnerships