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Chinese Financial Regulators Pledge To Stabilise Markets

CHINA PRESS
MNI (Singapore)

The People’s Bank of China and the State Administration of Foreign Exchange said they will strengthen departmental collaboration to maintain the healthy development of the stock, bond and property market, and stabilise the yuan at a reasonable and balanced level, according to a statement on the PBOC website late Tuesday. The China Banking and Insurance Regulatory Commission said on its website on Tuesday that financial risks are generally restrained and the financial system is generally stable, and the capital market has long-term investment value. The China Securities Regulatory Commission called for increased confidence in the sound development of China’s economy in the long run, according to a statement on its website.

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