China’s government wants to improve the mechanisms for stabilizing the capital markets and make the stock market more resilient. Bloomberg News reports this, citing state broadcaster CCTV, following a government meeting led by Premier Li Qiang on Friday.
The statement comes after the authorities reinstated support measures to stem the stock market decline.
China’s large-cap CSI 300 index fell 8.5 percent in October, its weakest monthly performance in more than a decade.
The government also called for continued efforts to address risks linked to local government debt and smaller financial institutions, as well as measures to strengthen investment, consumption and domestic demand.
