Premier Li promises financial market stability

TIANJIN - China will take measures to keep its financial and capital market stable and avoid wild fluctuations, Premier Li Keqiang promised business executives on Tuesday.

"Like the Chinese economy, China's capital market will unavoidably see some short-term fluctuations in some fields, but we have to guard against skyrocketing rises or precipitous falls," Li said here when meeting with business executives attending the Summer Davos.

These efforts to maintain financial and capital market stability will also help the global economy, he said, also vowing that China will improve its capital market to add direct financing for enterprises.