SHANGHAI (Reuters) - China's securities regulator will encourage share buybacks and mergers & acquisitions by listed firms, it said in a statement on Tuesday responding to market concerns about recent sharp moves in markets.
The China Securities Regulatory Commission (CSRC) also said it will enhance market liquidity, reduce unnecessary interference in trading, and create a level playing ground for investors. It added it would guide more long-term capital into the markets.
(Reporting by Samuel Shen and John Ruwitch; Editing by Sam Holmes)
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