China’s central bank said on Friday it wants to see a “healthy” stock market, a day after surging Chinese shares slumped 6 percent in record trading volume as investors fled tighter borrowing rules.
In its 2015 financial stability report, the People’s Bank of China (PBOC) warned of a slowing economy and rising debt levels, but repeated its vow to deepen China’s nascent financial market through reforms.
The PBOC said in the report released online it was monitoring widely-recognised financial risks in the world’s second-biggest economy, including heavily-indebted local governments and a slowing real estate market.
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