中文：

华润集团作为万科的大股东之一，近期并未增持万科的股份，这让很多人感到疑惑。那么，华润为什么不增持万科呢？

首先，华润对万科的投资已经获得了丰厚的回报。作为早期投资方，华润在万科上市后获得了巨大的收益，可以说已经实现了投资目标。因此，华润可能觉得目前已经没有必要再继续增持万科的股份。

其次，华润的战略重心可能已经发生了转移。近年来，华润逐渐向综合性企业转型，不断拓展业务领域，包括大健康、城市建设、生活消费、金融等。因此，华润可能认为增持万科的股份与其战略转型方向不符，所以没有继续增持。

此外，市场环境的变化也可能是华润没有增持万科的原因之一。近年来，中国房地产市场经历了巨大的波动和调整，政策环境也发生了变化。华润可能认为市场环境不利于继续增持万科的股份，因此选择了观望态度。

总的来说，华润不增持万科的原因可能是多方面的，包括已经获得了丰厚回报、战略重心转移以及市场环境的变化等。对于万科而言，虽然大股东没有继续增持，但公司仍需努力提升自身实力和业绩，以回报股东的信任和支持。

英文：

As one of the major shareholders of Vanke, China Resources has not increased its stake in Vanke recently, which has puzzled many people. So, why hasn't China Resources increased its stake in Vanke?

Firstly, China Resources has already achieved substantial returns on its investment in Vanke. As an early investor, China Resources made huge profits after Vanke's listing, so it may think that there is no need to continue to increase its stake in Vanke.

Secondly, China Resources' strategic focus may have shifted. In recent years, China Resources has gradually transformed into a comprehensive enterprise, continuously expanding its business areas, including healthcare, urban construction, consumer goods, finance, etc. Therefore, China Resources may think that increasing its stake in Vanke is not in line with its strategic transformation direction, so it has not continued to increase its stake.

In addition, changes in the market environment may also be one of the reasons why China Resources has not increased its stake in Vanke. In recent years, the Chinese real estate market has undergone huge fluctuations and adjustments, and the policy environment has also changed. China Resources may think that the market environment is not favorable for continuing to increase its stake in Vanke, so it has chosen to adopt a wait-and-see attitude.

Overall, the reason why China Resources has not increased its stake in Vanke may be multifaceted, including already achieving substantial returns on its investment, strategic focus shifts, and changes in the market environment. For Vanke, although the major shareholder has not continued to increase its stake, the company still needs to focus on improving its strength and performance to repay shareholder trust and support.