Beijing (AFP) - Chinese Premier Li Qiang chaired an executive meeting in which he discussed with officials the necessary steps to achieve stability in Chinese stock markets, according to the official Xinhua news agency, in the wake of the fluctuations that the financial markets witnessed recently due to the wave of selling shares of technology companies.
Published on: 06/11/2026 - 23:55
The shares of Chinese artificial intelligence companies recorded a sharp decline, as the shares of “More Threads” and “Meta
The "Star 50" index on the Shanghai Stock Exchange, which focuses on the technology sector and is considered the Chinese version of the "Nasdaq" index, witnessed a sharp decline of about 6% during the same period.
Xinhua reported that the State Council meeting held on Friday "called for improving mechanisms for achieving stability in the capital market and enhancing the self-stability of the stock market."
According to local media reports, Chinese officials this week reactivated liquidity injection tools with the aim of encouraging stock purchases, while enhancing the trading volume of state-backed investment funds.
On Tuesday, net capital inflows into nine exchange-traded funds, which Beijing typically uses to support the market, reached about 120 billion yuan ($18 billion), a record high, according to Bloomberg data. These flows were particularly focused on technology company stocks.
The Financial Times reported this week that Chinese regulators had directed banks to halt new listings of companies, in an attempt to boost liquidity in the market.
During Friday's meeting, the State Council also called for accelerating the pace of work in six major infrastructure areas: water, energy, computing, communications, underground pipeline networks and logistics networks.
© 2026 AFP
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