September 10, 2018 / 1:50 AM / 2 months ago

China to fend off any "black swan" events in its financial markets

BEIJING, Sept 10 (Reuters) - China will ensure stable and healthy development of its stock, bond and currency markets, and fend off any “black swan” or unforeseen, events, the cabinet said on Monday.

China will keep monetary policy prudent and neutral while fine-tuning it in a pre-emptive way, the cabinet said in a statement on the government’s website, following a meeting of the Financial Stability and Development Commission (FSDC) on Friday.

Earlier this month, a Chinese Communist Party journal said China may experience near-term pain from trade frictions with the United States, including a negative impact on financial stability. (Reporting by Ryan Woo Editing by Shri Navaratnam)

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