China Steps Up Efforts to Stabilize Its Sagging Stock Market

China Steps Up Efforts to Stabilize Its Sagging Stock Market China is accelerating efforts to arrest a slump in its stock market, with two major state funds revealing fresh purchases and regulators set to meet with key industry participants. China Reform Holdings Corp. and China Chengtong Holdings Group, two investment firms that are associated with a group of entities known as the National Team, both said Sunday that they have increased holdings of Chinese equities to help stabilize domestic capital markets. They pledged to continue raising stakes in companies such as centrally owned enterprises.