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China's monetary authorities may moderately ease their overall prudent policy stance in the second half of the year. [Photo/VCG]

China's major bourses have promised to step up various efforts. Shanghai Stock Exchange said in a statement it will further reform and improve underlying institutions such as those for registration-based initial public offerings (IPOs), market exits, mergers and restructuring, and refinancing.

China's economic policies in coping with shocks of the novel coronavirus will focus on keeping jobs and protecting people's livelihoods, Premier Li Keqiang said at a news conference on Thursday.

China's long-term policy decision to join all multilateral platforms it can and exchange ideas and practices with global institutions has been "a good thing," said the president of the London-based multilateral lender.

China's equity market, however, experienced net capital outflows of 179.9 billion yuan (.43 billion), compared with a net inflow of 193.5 billion yuan in the first quarter of last year, official data showed. The global equity markets at the same time suffered the fastest drop in history and the asset price declines reached about half the magnitude seen in 2008 and 2009 at the worst point of the sell-off.