(Photo: CGTN)

Asian stock markets are picking up steam after a wobbly morning session reflects the lingering anxiety and uncertainty surrounding the ongoing US-China trade spat. However, China's media projected confidence in the country's stock market while over 30 listed firms announced stock purchase plans by major shareholders.

The Shanghai Securities News said in a front-page story that "favorable" factors that should support stocks had not changed. The China Securities Journal said on its front page that China's economy was "fully resilient." The Securities Times said investors should be calm in face of market fluctuations, and shouldn't be too worried about the impact of trade friction on the markets.

Those comments are in line with China's central bank governor Yi Gang’s words after Shanghai stocks fell nearly 4 percent to a two-year low. Yi said that there are ups and downs in the stock market, and investors should be calm and rational.

Meanwhile, the Securities Daily said that China's stock market wouldn't slump sharply because of strong economic fundamentals. The newspaper said that China should guarantee liquidity and properly guide the use of liquidity to ease pressure on the markets.

Actually, the central bank will prepare relevant policy tools in a forward-looking manner, and use a combination of monetary policy tools to maintain liquidity at an appropriate and stable level, according to Yi. 

The governor also said the PBOC will make sure that structural de-leveraging progresses with the right strength and at the right pace to promote stable and sound economic growth, and prevent systemic financial risks.