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China Focuses On Keeping Capital Market Steady: Daily

CHINA PRESS
MNI (Singapore)

China’s top securities regulator will take measures to smooth capital market operations, to prevent major swings, while introducing more pro-growth policies to stabilise expectations, said the People’s Daily in an interview with Yi Huiman, chairman of China Securities Regulatory Commission. CSRC will keep a tight grip on financing, mergers, and acquisitions in specific sensitive areas, while guiding capital to support technology and industrial development, Yi said. The commission will resolve bond default risk and eliminate the impact of spillovers as much as possible, the newspaper said citing Yi.

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