Stock market and foreign exchange market

China Securities Regulatory Commission will coordinate development and security, fully support to stabilize economy, and launch more vigorous and in-depth opening measures to promote the capital market to high-quality development, said the Securities Times.

According to the report, over 85 percent of the respondents have a neutral expectation of the stock market in the next quarter.

The fundamentals of China's overall net inflow of cross-border capital would not change in the next stage, and the international balance of payment would reach rough equilibrium, said Wen Bin.

Currently, the domestic stock market valuation is relatively healthy, and the international stock market continues to decline due to rapid interest rate hikes in developed countries, therefore, the stock investment is expected to see a small net inflow, said Wen.

The respondents believed that the exchange rate of the renminbi against the US dollar will remain stable in the next quarter, with 90.79 percent of them expecting the exchange rate of the two currencies to stay in a range of 6.7 to 7.2.

The renminbi's depreciation would be limited, said Zheng Houcheng, director of the Yingda Securities Research Institute. The central bank adjusted the foreign exchange deposits reserve requirement ratio recently and it would also launch other policy tools to maintain the renminbi exchange rate, said Zheng.