Chinese stocks closed lower on Tuesday, with the total trading turnover at the A-share market reaching a record high for the second consecutive day.
The benchmark Shanghai Composite Index was down 0.64 percent to 4,138.76 points. The Shenzhen Component Index closed 1.37 percent lower at 14,169.40 points.
The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, dropped 1.96 percent to close at 3,321.89 points.
Chinese shares close lower Tuesday with record single-day A-share trading turnover
Chinese Premier Li Qiang on Thursday presided over a State Council executive meeting that studied work on building a unified national market and reviewed and approved a plan for the development of a modern emergency response system during the 15th Five-Year Plan period (2026-2030).
Noting that building a unified national market is essential to advancing high-quality development, the meeting called for deepening institutional frameworks in areas such as property rights protection, market access, fair competition, social credit and market exit mechanisms.
The meeting also urged efforts to advance high-standard connectivity of market infrastructure to facilitate smooth economic circulation and effectively reduce logistics costs across society.
Emergency management is critical to protecting people's lives and property, the meeting said. It called for accelerating the development of a modern emergency response system, deepening reform and innovation in emergency management, and improving coordinated response mechanisms.
Efforts should be made to strengthen risk prevention at the source, enhance monitoring, forecasting and early warning, and accelerate a shift in governance toward proactive prevention, according to the meeting.
A draft revision of the Law on the People's Bank of China was also discussed and approved in principle at the meeting, which decided to submit the draft to the Standing Committee of the National People's Congress for deliberation.
Chinese premier chairs State Council executive meeting
