Is it true that for any two matrices $A \preceq B \iff C^T A C \preceq C^T B C$ for any conformable matrix $C$?
This related question proves ($\Rightarrow$) We have $x^TC^T(B-A)C x = (Cx)^T(B-A)C x \ge 0$ for any conformable vector $x$ so that $C^T(B-A)C \ge 0.$
What about the other direction?