At a meeting on Monday chaired by Li, the State Council, China’s cabinet, emphasized the need to enhance the quality and investment value of listed companies, according to a report by state-run China Central Television.
Other remedies discussed included getting more medium and long-term funds to invest in and stabilize stocks, as well as strengthening the regulations that govern capital markets, the report said. China also needs to improve the consistency of its macro policies in order to consolidate the nation’s economic recovery, it said.
Li’s call comes at a worrying time for China’s stock markets, which could be facing a fresh wave of index selling tied to so-called snowball derivatives.
