China's central bank pledges to safeguard financial market stability

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The People's Bank of China, Beijing, China. /VCG

China will firmly safeguard the stable operation of its financial markets, including stocks, bonds and foreign exchange, according to a meeting held by the country's central bank on Wednesday.

At the meeting, the People's Bank of China (PBOC) also underscored the need to continue implementing a moderately accommodative monetary policy, with a focus on supporting steady economic growth and a reasonable recovery in prices.

In addition, financial support will be directed toward key areas such as boosting domestic demand, advancing technological innovation, and assisting small and medium-sized enterprises, the PBOC added.

The meeting, which comes days after the conclusion of China's national Two Sessions, also highlighted efforts to further deepen financial reform and opening-up.

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