The Chinese Commerce Ministry on Tuesday denounced the US threat to impose 50 percent additional tariffs on China.
The threatened additional tariffs are a mistake on top of a mistake, the ministry said in a statement, urging the US to immediately rectify its wrong practices and cancel all unilateral tariffs on Chinese goods.
China hopes the US can resolve disagreements through dialogue based on mutual respect, it added.Meanwhile, China's state-backed companies and institutions have announced significant measures aimed at stabilizing the market and supporting long-term development since Monday.
These actions reflect a coordinated effort by key financial players and regulators to respond to recent volatility and ensure the healthy functioning of the equity market.China's four major state-owned investment companies—Central Huijin Investment Ltd.
(Central Huijin), China Chengtong Holdings Group, China Reform Holdings Corporation (China Guoxin), and China Electronics Technology Group Corporation (CETC)—have taken the lead in increasing their ETF holdings, vowing to maintain smooth operations of the capital market.Central Huijin, often regarded as a national stabilizing force in China's capital market, announced on Monday that it will continue to play this role actively.
It pledged to act decisively when needed to curb abnormal market fluctuations and will step up its holdings of Exchange-Traded Funds (ETFs) across a broad range of market styles.
The company emphasized not only a greater scale of investment but also a more balanced allocation strategy.The People's Bank of China expressed strong support for these efforts on Tuesday.
It also pledged to provide sufficient re-lending support when necessary, demonstrating the central bank's commitment to safeguarding the stable operation of the capital market.Financial experts see these moves as the beginning of a more sustained and powerful intervention.
Tian Xuan, dean of the National Institute of Financial Research at Tsinghua University, commented that Central Huijin is likely to carry out stronger and more continuous actions in the future to maintain stability and restore investor confidence.At the same time, other key state-owned investment enterprises have taken complementary steps.
China Chengtong announced it will continue to significantly increase its holdings in both central SOE stocks and technology innovation companies.
It reiterated its strong belief in the long-term growth potential of China's capital market and expressed its commitment to acting as a responsible, long-term investor.
China Guoxin has also committed to boosting its market participation through a special re-lending program, with an initial injection of 80 billion yuan ($10.95 billion).
CETC, meanwhile, has completed stock buybacks exceeding 2 billion yuan ($273.65 million) across its listed subsidiaries.Regulatory support is also being ramped up.
The National Financial Regulatory Administration announced it will raise the proportion of insurance funds allowed to be invested in the stock market, including increasing the cap on equity asset allocations.
These measures are expected to bring more institutional capital into the market and improve its overall resilience.Adding to this wave of positive signals, 7 listed companies under the China Merchants Group released announcements before market opened on Tuesday, revealing plans to accelerate their stock buyback programs.
This move further reinforces the broader effort to stabilize the market and boost investor confidence.China Huaneng Group Co., Ltd.
announced on Tuesday that it resolutely supports its controlled listed companies in seizing opportunities and accelerating development during comprehensive green transformation, driven by its firm confidence in China's long-term economic stability and growth.
Currently, the company's affiliate has announced plans to increase its holdings of company shares, with the amount of the increase being no less than 500 million yuan ($68.2 million).Together, these actions underscore a clear message from policymakers and state-backed institutions: China is firmly committed to supporting its capital market.
Through sustained investment, supportive policy tools, and coordinated institutional action, the country aims to guide the market toward long-term stability and healthy development.