Chinese firms pledge investment in stocks

Two Chinese investment companies, China State Holdings Limited for Reform and China Chengtong Group, have announced their full confidence in the future of the Chinese capital market. They confirmed their ongoing efforts to increase their holdings in state-owned central enterprises through extensive and diverse acquisitions valued at approximately 7.4 billion yuan and 10 billion yuan, respectively. These initiatives are part of their support for the development of the financial market, strengthening the stability of strategic assets, and increasing investments in technological companies and various funds, all while reaffirming their commitment to high-quality growth and innovation in the Chinese economy.

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