China’s central bank pledges stability in capital markets amid global sell-off

China’s central bank named the continued stability of the country’s capital markets as a priority for 2026, a goal taking on greater significance as global markets are tested by the reverberations of the escalating US-Israel war on Iran. The People’s Bank of China designated the stability of stock, bond and foreign exchange markets as one of its “major tasks” for the year, according to a readout from a high-level meeting hosted by bank governor Pan Gongsheng on Wednesday. The bank also vowed ...

By Carol Yang