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China can promote healthy development of capital market: premier

Xinhua, July 10, 2015 Adjust font size:

China has the confidence and capability to promote healthy development of its capital market to provide a sound financial environment for economic growth, Premier Li Keqiang said.

"China is and will face various challenges and risks during economic expansion. We will never take them lightly," Li told a conference on the economic situation on Thursday, according to a cabinet statement released Friday.

"We have confidence that the government can ward off any regional or systemic risks in the economy and build the capital market into an open, transparent, stable and healthy one," said the premier.

Li's remarks came as China is trying to arrest a stock market nosedive that devoured huge amounts of wealth in a three-week plunge. Endi