The Financial Associated Press has reported that in response to stock market fluctuations, the National Standing Committee and various ministries and commissions in China have made intensive statements and revealed heavy signals. These statements address investor protection, capital market supervision, monetary policy, and other issues.
The National Standing Committee emphasized the need to take more powerful and effective measures to stabilize the market and stabilize confidence. The central bank also announced that it will lower the deposit reserve ratio by 0.5 percentage points on February 5 to create a good monetary and financial environment for the operation of financial markets.
The State-owned Assets Supervision and Administration Commission of the State Council will further study the inclusion of market value management in the performance evaluation of the heads of central enterprises. This move is aimed at improving the quality of listed companies controlled by central enterprises and strengthening investor returns.
Additionally, the State Administration of Financial Supervision is focusing on further deepening the interconnection between the financial markets of the mainland, Hong Kong, and Macao, while the China Securities Regulatory Commission is working to build an investor-oriented capital market.
Overall, these announcements reflect a concerted effort by Chinese authorities to promote the stable and healthy development of the capital market and protect the interests of investors. It is clear that the Chinese government is taking proactive steps to address market challenges and ensure the long-term stability and growth of the financial sector.