Update: China Vows to Keep Markets Stable and Resolve Property Risks

(Bloomberg) — Beijing issued a strong promise for policies to boost financial markets and stimulate economic growth as it responded to a market sell-off over risks from the property market, overseas listings and internet companies.
Government departments should “actively introduce policies that benefit markets,” according to a meeting of China’s top financial policy committee led by Vice Premier Liu He, who’s in charge of overall economic policy. The meeting concluded there is a need to “boost the economy,” in the first quarter, according to a state-media report.
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