China's market risk released to some extent - China's securities regulator

FXStreet (Bali) - China's stock market has stabilized and risks have been released to some extent, the Chinese securities regulator said Sunday, via Xinhua news agency.

The China Securities Regulatory Commission (CSRC) said "market transactions are currently normal for the most part, with liquidity being relatively abundant and innate stability being improved", Xinhua reports.

"Gains on the stock market had been too rapid and large, forming stock market bubbles, therefore subsequent plunges and adjustments were inevitable," the CSRC added.

"At present, market risks and bubbles have been released to some extent," the CSRC also said