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China's politburo says will prevent systemic financial risks - Xinhua

BEIJING, July 24 (Reuters) - China will implement proactive fiscal policy and prudent monetary policy in the second half of the year, the official Xinhua news agency said citing the Politburo, the highest decision-making body of the ruling Communist Party, following a meeting on Monday.

China will strengthen coordination of financial regulation, stabilise the property market and prevent systemic financial risks, according to a statement following the meeting, which was chaired by President Xi Jinping. (Reporting by Beijing Monitoring Desk; Editing by Jacqueline Wong)