(File photo: CGTN)

During the current economic transition, China should strike a balance between maintaining stable growth and managing risks, China's State Council said on Sunday after a meeting of the country's top financial policymakers.

Led by Chinese Vice Premier Liu He, the State Council Financial Stability and Development Commission held a meeting on Saturday to analyze the country's economic performance in the third quarter and to discuss preventing financial risk, according to a statement on the State Council's website.

To support sound development of the country's economy, China will continue to take a stable and neutral monetary policy, support the private economy and well manage capital markets, the statement said.

Policy makers said at the meeting that China must properly balance stable economic growth, deleveraging and supervision.

They also emphasized solving the financing problems faced by smaller companies and private enterprises with measures such as allowing qualified private entities to set up funds to support the private sector.

The meeting also pointed out that loans to promising enterprises with market potential and good products but in short-term difficulties should not be blindly cut off.

As for the capital markets, China will speed up systems improvement and release reform measures as soon as they are ready.