China's vice finance minister Zhu Guangyao spoke with Reuters on Saturday about the huge fall in Chinese stock markets from the June peak (down around 30% at one stage):
- "After the big up and the big down we saw, we need to learn from other countries, mature stock markets including the U.S. and U.K."
- He didn't mention specific policies for the stock market
On debt markets, he said some companies should be allowed to bankrupt instead of being supported by the government:
- "(In) some cases certainly the borrower should take their responsibility, we've been very clear that's a market principle but we also emphasize we must avoid any negative impact to the regional and the systemic financial risk"
- "We have full confidence that we have the real capacity to (keep) ... our financial system healthy and sustainable"