Caixin
Mar 16, 2022 02:25 PM
ECONOMY

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

An electronic screen displays an illustrative chart in Hong Kong on March 15. Photo: Bloomberg
An electronic screen displays an illustrative chart in Hong Kong on March 15. Photo: Bloomberg

(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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