Investors look at computer screens showing stock information at a brokerage house in Shanghai, China, July 8, 2015. [Photo/Agencies]

About half of the companies listed on the Shanghai and Shenzhen exchanges have temporarily suspended trading their shares, as the Chinese stock market continues to tumble. The benchmark Shanghai Composite Index on Wednesday declined sharply to 3,507.19 points. Comments:

To bolster the stable development of the stock market and inject liquidity into the market, the central bank will work closely with the China Securities Finance Co Ltd in various ways, including conducting inter-bank lending and issuing financial bonds, to ensure sufficient liquidity. The bank will also keep a close eye on the market while assisting the CSF to stabilize it, in a bid to avoid systemic and regional financial crises.

The People's Bank of China, July 8

To cure the turbulent stock market in China, on the one hand, calls for more efforts to inject liquidity into and preserve the market, as well as curb the illegal attempts to short A-shares via stock futures. On the other, China's securities watchdog has to pay close attention to the cross-border flows of funds and impose harsher punishments on illegal financing activities.

Securities Daily, July 8

Clearly, the country has started saving its capital market from further meltdown, and the public should be less perturbed about the fall. Apart from the stock market, the rest of China's financial system is functioning well with no uncontrollable risks. The declining confidence in the stock market only reflects that the squeezing of bubbles has given rise to more speculative and short-term actions.

Global Times, July 7

Given there is little possibility of the Chinese stock market turmoil triggering a systemic financial and economic crisis, financial policymakers are supposed to carefully calculate the gains and expenses, rather than rushing to save the market at all costs. Instead of trying to fuel a rise in the index, they should focus on minimizing the financing risks.

Xu Gao, chief economist at Everbright Securities in Beijing, July 8