China Chengtong and China Reform Holdings, together with controlled subsidiaries, held positions among the 10 largest tradable shareholders of 83 A-share companies at the end of Q3 2026, with a combined value of about RMB162.71 billion, according to TMTPost’s analysis of Wind data. The 50 changed records covered about RMB95.51 billion, comprising 24 new positions and 25 increases. Allocations included semiconductors, EDA, optical communications and defense technology, alongside energy, utilities, telecommunications and other large state-owned enterprises.