China makes strong vow to ease crackdowns after market turmoil

The Financial Stability and Development Committee meeting concluded there is a need to 'boost the economy', in the first quarter and promised investors relief on several regulatory fronts

China has made a strong push to stabilize affected financial markets, promising to ease a regulatory crackdown, support property and technology companies and stimulate the economy.

The government should “actively implement policies that benefit markets,” according to a meeting of China’s top fiscal policy committee chaired by Vice Premier Liu He, the country’s top economic official. The vow to take into account investors’ interests comes after a sell-off in domestic shares due to fears over growth risks and tough regulation of real estate and internet companies.

The meeting offered investors re-assurance that a failed crackdown on Internet companies is nearing