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China’s State Council Committee on financial stability: To fend off “black swan” events

Reuters reports key highlights from a statement issued by China’s State Council Committee on financial stability, in light of any Black Swan events.

To fine-tune monetary policy in a 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 the 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.

 

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