As I understand after reading this article, the Shenzhen court recognized Bitcoin as a legal asset that people may own, transfer and utilize. There is no information about other crypto-currencies but I guess that now all highly rated coins are also legal assets in China.

I'm sure that this is a step in the right direction. The Chinese government was too tough when in 2017 they suddenly banned the crypto-exchange markets. I suppose that now they see how the top rated crypto-currencies thrive and many people from all over the world start adopting Bitcoin and other coins therefore government decided to loosen the severe regulations in this new economic field.