China’s policymakers are taking steps to influence asset prices, pairing renewed support for the stock market with efforts to cool the yuan’s rise.
The central bank moved to slow the currency’s longest winning streak in three decades. Regulators also revived stock-market rescue tools and encouraged companies to buy back shares.
The measures came as Vice Premier He Lifeng pledged support for a free and open economic environment in Hong Kong. The stimulus effort, however, fell flat.
Sources: Bloomberg Markets.