Financial markets to remain stable despite virus

The recent financial market performance indicated that investors widely believe that impacts of the novel coronavirus outbreak will be temporary and will not hurt the solid fundamentals of the Chinese economy, said a central bank official on Friday.

"Next, we will keep watching the developments of the epidemic, strengthen financial market monitoring, and get prepared to rise to potential risks," said Peng Lifeng, deputy head of the Financial Market Department of the People's Bank of China.

"We are confident that the financial markets will continue performing stably and orderly," Peng said at a news briefing on Friday.

Onshore financial markets recorded rather sharp market corrections as trading resumed on Feb 3, but then performed smoothly as investors' attention returned to long-term economic fundamentals, according to him.