China State Council Pledges to Stabilize Capital Markets

The State Council of the People's Republic of China pledged to improve mechanisms to stabilize capital markets and increase stock market resilience during a cabinet meeting on Friday. Chaired by Premier Li Qiang, the meeting focused on enhancing the inherent stability of the stock market.

This directive follows a series of support measures previously announced by financial regulators. The high-level government attention suggests a concerted effort to address ongoing market volatility and strengthen the overall resilience of the financial system.