Beijing's Billions and China's AI Tremors: These are the Winners at the Moment!

China's stock markets seem to be turning around after a week of losses. The benchmark index CSI 300, which previously plummeted by 5.3%, rose by up to 2% on Monday. The trigger was not an economic indicator but a political signal: Two state-owned funds – China Reform Holdings and China Chengtong Holdings – announced over the weekend that they had increased their stock holdings. This was the first open acknowledgment from the so-called "National Team" since April 2025. China Reform tapped more than $7.4 billion via the central bank's swap facility,...