China to carry on policy reforms to ensure financial stability – Chinese PM Li

FXStreet (Mumbai) - Speaking at a World Economic Forum (WEF) event on Wednesday, Chinese Prime Minister Li Keqiang said Beijing must pursue its reform policies in order to prevent volatility and ensure financial stability in local as well as global markets.

Government measures were in no way meant to weaken the role of financial markets, Li added, while declaring that China has succeeded in fighting off "potential systemic financial risks."

He also said that the recent measures aimed to calm market instability had worked and the government must keep implementing reforms.

"(We) will persist with a market-oriented, law-based system to establish an open and transparent capital market," the prime minister noted.