FINANCE

China Deploys ‘National Team’ in Multi-Pronged Stock Market Rescue

Published: Jul. 20, 2026 4:55 p.m. GMT+8

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China is orchestrating a coordinated rescue of its plunging stock market, mobilizing state-backed entities to inject billions of dollars to shore up investor confidence.

State-owned capital operators China Reform Holdings Corp. Ltd. and China Chengtong Holdings Group Ltd. said Sunday that they had deployed about 60 billion yuan ($8.9 billion) into domestic equities and exchange-traded funds (ETFs) to stabilize prices.

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State-backed entities deployed ~60 billion yuan ($8.9 billion) into equities and ETFs to stabilize markets.
23 ETFs favored by Central Huijin had net inflows of 96.1 billion yuan last week.
Shanghai Composite Index fell 5.8%, STAR 50 Index plunged 16.9% in the prior week.

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Who’s Who

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What Happened When

Week of July 13, 2026：: 23 ETFs favored by Central Huijin Investment Ltd. or its asset management arm recorded about 96.1 billion yuan in net inflows, signaling potential state buying.

July 19, 2026 (Sunday)：: State-owned capital operators China Reform Holdings Corp. Ltd. and China Chengtong Holdings Group Ltd. announced they had deployed about 60 billion yuan ($8.9 billion) into domestic equities and ETFs.

July 20, 2026 (Monday)：: The China Securities Regulatory Commission convened a symposium with brokerages and listed companies to discuss ways to stabilize capital markets.

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