Reports on a statement issued by China's State Council Committee On Financial Stability
China's State Council Committee On Financial Stability
- To fine-tune monetary policy in pre-emptive way
- To step up policy support and coordination among departments, especially for coordination among financial, fiscal departments and state planner
- To fend off "black swan" events
- To ensure stable and healthy development of stock, bond, fx markets
- To attach more importance to property, IP rights protection
- To maintain prudent and neutral monetary policy
Pretty much a bunch of applie pie statements.
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The committee met on Sep. 7
