Securities watchdog to channel more medium- and long-term capital into China markets

China’s securities watchdog has pledged to channel more medium- and long-term capital into the country’s stock markets and fortify financial defences against external shocks, as authorities move aggressively to stabilise sentiment following recent market turbulence.At a meeting on Thursday, the China-securities-regulatory-commission" class="entity-link entity-organization" data-entity-id="21605" data-entity-type="organization">China Securities Regulatory Commission announced a raft of measures aimed at maintaining smooth market operations and reinforcing the capital market’s resilience.The regulator said it would “more precisely and effectively implement counter-cycle adjustments”, pushing to steadily increase the scale and proportion of medium- and long-term capital entering the equity market.