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Premier Li promises financial market stability

Updated: Jun 28,2016 1:09 PM     Xinhua

TIANJIN — China will take measures to keep its financial and capital market stable and avoid wild fluctuations, Premier Li Keqiang promised business executives on June 28.

“Like the Chinese economy, China’s capital market will unavoidably see some short-term fluctuations in some fields, but we have to guard against skyrocketing rises or precipitous falls,” Premier Li said when meeting with business executives attending the Summer Davos in Tianjin.

These efforts to maintain financial and capital market stability will also help the global economy, he said, also vowing that China will improve its capital market to add direct financing for enterprises.