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By Tang Guhan

Liu Shiyu, chairman of the China Securities Regulatory Commission (CSRC), said on Sunday that the "winter" of China's stock market is coming to an end, and "spring" is approaching.   

The CSRC summoned a meeting for public consultation on Sunday regarding the recent stock market shock. China's regulators are voicing their concerns about investors' sentiment and their intentions to protecting China's stock market. 

China's stock market witnessed a gloomy outlook after a one-week long national holiday, with an accumulated slump of 7.6 percent in the A-shares market. It dived to a record low with respect to the recent four years.

Yi Gang, the president of the People's Bank of China (PBOC), said on Sunday that China's economic growth is projected to reach 6.5 percent and even higher this year. 

China's central bank is still maintaining prudent and neutral monetary policies. "There are enough monetary policy tools that can be utilized for reinforcing China's economy, such as the interest rate and deposit-reserve ratio, among others," Yi said.

Yi added that China's economy is steadily growing, in spite of the China-US trade tensions, with the Consumer Price Index (CPI) predicted to be higher than 2 percent this year and the Producer Price Index (PPI) to remain within the range of 3 percent to 4 percent. China's domestic consumption has been a major driver of the economy.