China To Further Stabilise Capital Market: Official

China’s top securities regulator will focus on stabilizing market expectations, capital flows and market behaviour to smoothen A share market operations, Xinhua News Agency reported, citing Wang Jianjun, vice chairman of the China Securities Regulatory Commission. The CSRC will encourage listed companies to repurchase shares, increase holdings by major shareholders, boost dividends and support resumption of work and production amid Covid outbreaks, Xinhua cited Wang as saying. Though there was a net outflow of foreign capital in the trading of Shanghai and Shenzhen Stock Connect in March, but it turned into a net inflow in April, Wang said. He noted long-term funds have maintained a net inflow so far this year, indicating foreign investor optimism about the long-term investment value of A shares.