China seeks clarification from French firms over EU subsidies: spokeswoman

China's Ministry of Commerce has requested information and explanations from several French companies operating within China regarding subsidies they received from the European Union and its member states, spokesman Huang Ling said in Beijing on Thursday.

Speaking at a regular press briefing, Huang made the remarks in response to a media query about recent meetings the ministry held with several French enterprises in China.

"Public reports indicate that some French companies have received relevant subsidies from the European Union and its member states. This may have been passed on to their entities in China to some extent. To assess the impact, the Ministry of Commerce, in accordance with the law, has sought information from them and asked them to provide explanations," said Huang.

China Securities Regulatory Commission (CSRC) will continue to strengthen market stabilization mechanisms and make every effort to maintain the smooth operation of the capital market during the 15th Five-Year Plan period (2026-2030), its official said in Beijing on Thursday.

Li Chao, vice chairman of the CSRC, China's top securities regulator, stressed at a press conference that the regulatory commission will focus on enhancing market stability, expanding long-term funding and strengthening risk monitoring.

"We will further enhance the internal stability of the capital market. Drawing on experience and practices from recent years, we will continue to strengthen market stabilization mechanisms and steadily expand the forces that stabilize the market. We will further broaden medium- and long-term funding sources, channels and ways of entering the market, and improve the market mechanism and ecosystem for long-term capital and long-term investment. We will also strengthen risk monitoring, early warning and comprehensive analysis, and make every effort to maintain the smooth operation of the capital market," Li said.