China to Set Up Financial Stability Fund, Steady Home Prices
- China will also use market-based ways to defuse risks: Premier
- City-specific measures will be used amid real estate woes
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China plans to set up a financial stability fund and adopt measures to keep housing prices stable, as policy makers ramp up efforts to prevent systemic risks.
“A fund for ensuring financial stability will be established, and market- and law-based ways will be used to defuse risks and potential dangers,” Premier Li Keqiang said in his annual work report, without giving more details.