The Philippines' recent statements on so-called China's "aggression" in the South China Sea are in pure distortion of facts, and its provocation in the area can only lead to countermeasures, Chinese Ministry of National Defense Spokesman Zhang Xiaogang said on Wednesday.
Philippine Defense Secretary Gilberto Teodoro recently claimed that the Philippine military is shifting its focus from combating domestic insurgency to external defense and will firmly respond to China's "aggression" in the South China Sea.
"The related statements of the Philippine side are in utter distortion of right and wrong, with the making of unfounded charges. The Philippines' territory has been regulated by a series of international treaties since quite a long time ago, and China's Nanhai Islands are outside the scope of its territory. The Philippines has not only illegally occupied certain islands and reefs of China's Nansha Islands, but also frequently provoked the Chinese side on the sea, and helped forces outside the region to stir up troubles in the South China Sea, making itself an outright troublemaker and danger-maker," Zhang said at a press conference in Beijing in response.
"China's determination and will to safeguard its territorial sovereignty and maritime rights and interests are unwavering. In regard to the Philippines' infringement of China's rights and provocation, China will continue to take countermeasures in accordance with law and regulations," said the spokesman.
Philippine’s provocation in South China Sea leads to countermeasures: spokesman
China's securities regulator has pledged to prioritize market stability and resolutely prevent sharp fluctuations as a core objective for 2026, aiming to consolidate sound development of the capital market.
The China Securities Regulatory Commission (CSRC) made the commitment at its annual work conference on Thursday, where the regulator reviewed the past year's performance and outlined key tasks for 2026.
In 2025, listed companies distributed a combined total of 2.68 trillion yuan (about 380 billion U.S. dollars) in cash dividends and share buybacks throughout the year, further consolidating the momentum for high-quality development.
Initial public offerings (IPOs) and follow-on offerings reached a combined 1.26 trillion yuan, while the exchange bond market issued various bonds totaling 16.3 trillion yuan.
Eighteen futures and options products were smoothly listed, demonstrating the robust functioning of the multi-tiered capital market.
The meeting emphasized that while the capital market currently shows stable and sound performance, it still faces complex and severe challenges posed by intertwined domestic and external risks as well as the overlapping of persisting and emerging issues.
Efforts will be made to effectively enhance the intrinsic stability of the market, the CSRC said, adding that it will rigorously investigate and punish excessive speculation, market manipulation, and other illegal activities to prevent sharp market fluctuations.
It will work to foster a market ecosystem where "long-term capital engages in long-term investment," the regulator said, pledging efforts to broaden the channels for medium and long-term capital inflows, introduce various products and risk management tools suited to long-term investment, and actively guide long-term, rational and value-based investment.
It also vowed to enhance the inclusiveness and adaptability of the multi-tiered equity market, crack down on illegal activities such as financial fraud, price manipulation and insider trading, and enhance corporate governance among listed firms.
The CSRC will advance the two-way opening up of the capital market in 2026.
Efforts will be made to expedite the implementation of the optimized Qualified Foreign Institutional Investor scheme, expand the scope of futures products accessible to foreign investors, and enhance the facilitation of cross-border investment and financing, the regulator said.
China's securities regulator stresses market stability in 2026 work plan
China's securities regulator stresses market stability in 2026 work plan
