CSRC Deploys Supportive Rhetoric & Outlines Focus

MNI (London) - The broader newswires have picked up on comments from the CSRC, initially covered by the Chinese state media outlets.

• The CSRC has stressed that it will make greater efforts to cultivate a long-term and stable investment force, alongside enriching policy tools to deal with market fluctuations.
• The body also pointed to need to carry out a good job re: timely risk hedging, along with the need to prevent the introduction of policy measures that are not conducive to promoting the stabilisation of market expectations.
• There will also be an increased focus on the resolution of risks surrounding the real estate sector and local government debt.
• Finally, the CSRC pointed to the need to strengthen the monitoring of trading-related behaviour of key investors, with a focus on cracking down on abnormal trading activity and stock price manipulation amongst other transgressions.
• Equity-supportive rhetoric remains evident on the part of the regulatory body and the latest round comes in the wake of the well-documented BBG source reports re: potential state-backed equity-supportive measures and a greater focus on the need to promote market stability from the State Council.