Market expectations of efforts to.......>

CHINA PRESS: Market expectations of efforts to stabilise the tumbling stock

market were supported by positive signals from recent speeches made by heads of

three major regulators, the People's Bank of China (PBOC), China Securities

Regulatory Commission (CSRC) and the Ministry of Finance, said Securities Daily

in a front page opinion piece published on Tuesday.

  - Steady monetary policy and proactive fiscal policy are the driving forces

for the ongoing deepening of capital market reform and development, the

newspaper said, noting that the complementary nature of these policies require

close cooperation from the three authorities; 

  - The finance minister has promised to work on a larger scale of tax and fee

reduction; the PBOC governor has confirmed that there is room for further

monetary policy adjustment; and the CSRC chairman stated that he has met private

equity representatives and individual investors to discuss specific reform

measures this week, reported the Daily.