China vows to safeguard stability of stock market

CHINA - China has promised investors to safeguard the "stability" of the stock market after a week of sharp price movements triggered by continuing confusion over the sale of the controlling stake held in most listed companies by government entities.

The statement issued by the China Securities Regulatory Commission (CSRC), the market regulator, followed a sudden rise in prices last week on the expectation the government would settle on a policy which would win investor support. That was follo