Tokyo | China’s top leaders have vowed to keep stockmarkets stable and support overseas listings in an extraordinary sign of support for the financial system which triggered a rally on stockmarkets in China and Hong Kong on Wednesday.

With the Chinese economy under growing pressure from the country’s worst COVID-19 outbreak in two years and markets in freefall, China’s State Council said it supported measures to keep markets stable and trading within an “appropriate” range. It also pledged support for the debt-laden property sector.