China's State Council seeks to calm capital markets, keep indicators within range

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China's Vice Premier Liu He said on Wednesday the country will take measures to keep the economy on an even keel. Economic indicators and capital markets will also be kept within a proper range. Liu made the remarks at a meeting of the Financial Stability and Development Committee under the State Council. China shares recovered after more favorable policies were announced. The China Securities Index (CSI 300), jumped by more than 4 percent, while the Hang Seng Index surged roughly by 8 percent. Currently, Chinese and U.S. regulatory agencies are in contact to work on specific cooperation plans. The vice premier stressed that monetary policies should be used to support economic development and more measures put in place to prevent risks in the property sector and support overseas listing plans of domestic companies.

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Видео China's State Council seeks to calm capital markets, keep indicators within range канала CGTN