China’s State Council Calls for Stronger Stock-Market Stability Framework

China’s State Council called for improving the stock-market stabilization mechanism and strengthening its intrinsic stability, while urging better use of policy funds and fiscal-financial coordination to boost domestic demand and continued efforts to address debt risks.

Premier 李强 chaired the Nov. 6 meeting. It called for improving the capital-market stabilization mechanism, strengthening the stock market’s intrinsic stability and promoting stable, healthy capital-market development.

The meeting also called for better use of policy funds to boost domestic demand. It urged continued efforts to address risks involving local government debt and small and medium-sized financial institutions.

Officials were also asked to study the approach to next year’s economic work and strengthen policy coordination across the year boundary, with the aim of sustaining economic improvement.