China won’t allow “roller-coaster rides” in its markets after Brexit-Premier Li
Tue Jun 28 2016
Austin Collins (258 articles)

China won’t allow “roller-coaster rides” in its markets after Brexit-Premier Li

BEIJING Britain’s vote to leave the European Union has sent jitters through global markets, but it is important to work together to strengthen confidence, prevent the spread of panic and maintain stability in capital markets, China’s Premier Li Keqiang said on Tuesday.

 

“It’s hard to avoid short-term volatility in China’s capital markets, but we won’t allow roller-coaster rides and drastic changes in the capital markets,” said Li, speaking at the World Economic Forum (WEF) in the city of Tianjin.

China will prevent systemic and regional risks when developing its capital markets, said Li.

In a speech on Monday, Li said China hopes for a united and stable EU and a prosperous United Kingdom, but added, “against the backdrop of globalization, it’s impossible for each country to talk about its own development discarding the world economic environment.”

 

 

(Reporting by Beijing monitoring desk; Editing by Kim Coghill)

Austin Collins

Austin Collins

Austin Collins is our Europe, Asia, & Middle East Correspondent. He covers news related to Stock Market. In past he has worked for many prestigious news & media organizations. He is based in Dubai

Discussion

Rules of Discussion on Live Index

1. This forum is for discussion of financial markets. Please respect others view even if they are contrary to you.
2. Member's comments should lead to value addition in forum discussion.
3. If anyone is found making repetitive Explicit/Abusive/Racial comments, his account shall be banned and old posts will be deleted.