China Regulator Vows Stability After Stock Market’s Rocky Start
- CSRC says it will adopt various measures to stabilize market
- CSI 300 benchmark marks its worst start for a year since 2016
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Chinese stock market’s ugly start to 2022 has forced its securities regulator to assuage investors’ frayed nerves by pledging measures for stability.
China Securities Regulatory Commission Chairman Yi Huiman said the watchdog will adopt various measures to avoid volatility and “firmly” prevent big fluctuations, according to an interview with state TV network aired Thursday. CSRC will evaluate the timing and conditions before rolling out major policies.