CHINA-ECONOMY: MEETING OF FINANCIAL DEVELOPMENT AND STABILITY COMMITTEE (FSDC)
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The State Council's Financial Development and Stability Committee (FSDC) held its 10th special meeting -- the 10th time in two months -- on October 20. The meeting said that financial risks are under control. Action points decided were to: Keep monetary policy neutral but improve policy flexibility and enhance policy transmission to the real economy; Support private companies, potentially even establishing a fund to support the development of the private sector; and Improve capital markets by enticing more long-term investors and speeding up SOE reform.
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