June 2, 2019 / 11:38 AM / 17 days ago

China securities regulator says trade war impact on markets is controllable

FILE PHOTO: Yi Huiman, chairman of China Securities Regulatory Commission (CSRC), attends a meeting of Fujian delegation on the sidelines of the National People's Congress (NPC), at the Great Hall of the People in Beijing, China March 5, 2019. REUTERS/Stringer

SHANGHAI (Reuters) - The Sino-U.S. trade war is affecting capital markets but the impact is controllable, China’s chief securities regulator said on Sunday in an interview with state-run China Central Television.

Yi Huiman, chairman of the China Securities Regulatory Commission (CSRC), said that China’s capital markets are becoming more resilient and able to cope with risks, and that China has enough policy tools to stabilise its capital markets.

Yi said the CSRC will gradually expand the opening of China’s exchange-traded bond market, and futures market to foreign participation.

Reporting by Andrew Galbraith; Editing by Raissa Kasolowsky

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