China Vows Market Stability Amid Stock Slump, Promises Crackdown on Illegal Trading
• China vows to maintain capital market stability and prevent abnormal market fluctuations amid stock selloff • Authorities to actively work with relevant parties to stabilize market and boost confidence • Key stock index fell to 5-year low, marking 6th straight month of losses • Regulator to crack down on illegal activities like manipulation, short selling, insider trading • Efforts to guide more medium- and long-term funds into the market