CSRC denies government funds exit report

China’s securities regulator reiterates Beijing's determination to stabilise equity markets and denies a report that government funds might be withdrawn.

CSRC denies government funds exit report

The Chinese securities regulator has reiterated its determination to stabilise the country’s still-volatile equity market, denying a report by financial magazine Caijing that it is studying plans to withdraw funds recently deployed to help improve market liquidity.

In a statement posted online on Monday, Zhang Xiaojun, a spokesman for the China Securities Regulatory Commission, said the next step for the regulator is to “continue stabilising the market, restoring investor confidence, and preventing systemic risks.”...

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