March 17, 2020 / 9:37 AM / 19 days ago

China has series of policy tools to stabilize financial market

BEIJING (Reuters) - China has a relatively big policy space and varied tools to stabilize its financial markets, its banking and insurance regulator said on Tuesday.

Recent market fluctuations are mainly down to overseas factors linked to the coronavirus epidemic, Banking and Insurance Regulatory Commission spokesman Xiao Yuanqi also said, according to state media outlet Securities Times.

Reporting by Lusha Zhang, Roxanne Liu and Kevin Yao; editing by John Stonestreet

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