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Chinese stocks market surged on Monday with benchmark indices in Shanghai and Shenzhen jumping over 5 percent, mak
ing daily turnover break through 1.04 trillion yuan ($155.5 billion), a new record since 2015. The Barron’s, a fin
ancial weekly published by Dow Jones & Company, said the performance of Chinese stocks is much better than the S&
P 500. Global investment management corporation BlackRock also suggested lasting gains of the bull market.
Barron’s said the CSI 300 index, which tracks the largest stocks traded in the Shanghai and Shenzhen
stock exchanges, rose 6 percent on Monday, with a year-to-date gain of nearly 24 percent, twice the gai
n in the S&P 500, making the CSI 300 index one of the best performing indices globally in 2019.
The ongoing finance sector reforms and further industry open-up could also help boost the Chinese economy and the stock market, the Barron’s report said.
China’s financial system has great potential in helping stabilize the economy, a previous China Daily report said, adding that the co
untry will deepen supply-side structural reform in the financial sector and strengthen the sector’s ability to serve the real economy.
need money.”Lankov is one of the few foreigners ever to study at Kim Il Sung University, the country’s most pr
estigious institution of higher learning. Today he runs the Korea Risk Group consultancy, teaches at Kookmin Uni
versity in Seoul and is considered one of the world’s experts on the inner workings of North Korea.
He says Kim and his top advisers are cold, realistic and brutally rational. They believe that nuclear weapons are the key to their survival given the fate of Moa
mmar Gaddafi, Saddam Hussein and Ukraine as well as Trump’s decision to ditch the Iran nuclear deal.
”For the North Koreans, security comes first. And they believe that their security is imperfect if they don’t have some
nuclear weapons. A reduction of nuclear weapons can be negotiated, but denuclearization is a pipe dream,” Lankov said.
Jackson, the former Defense Department official, is also unconvinced that Kim Jong Un is the reformer many hoped he would be.
Though Kim is a millennial leader educated in the West, he has n
ow been in power for seven years — during which time he’s overseen more missile and nu
clear tests than his father and grandfather combined, without “meaningful signs” of economic change.
”What is different now than the previous 30 years that makes that control-versus-opening tradeoff worthwhile?” Jackson said.
systemic financial risks, are the fundamental tasks of financial work, calling for accelerated construction of the fina
ncial market infrastructure and advanced efforts to nationalize key information infrastructure in the sector.
He also urged solid statistics in the financial sector and improvement in the warning system and rules on information disclosure and management.
Education and supervision of senior officials of financial institutions and regulators sh
ould be enhanced, and more should be done to fight corruption in the financial sector, Xi said.
He called for dynamic supervision of domestic and cross-border capital flow to enable financial watchdogs to fully monitor all flows.
Xi said tasks for the reform and opening-up of the financial sector should be well implem
ented, calling for the preparation and the rolling-out of new reform and opening-up measures based on
the latest development of global economy and finance as well as the strategic needs of China.
Reforms including revamps on market access system and trading regulations should be deepened, and regulators should take a two-pronged appr
oach of enforcing both macro-prudential management and micromanagement of behaviors, he said.
He said those causing major financial risks due to their breaches such as lax regula
tion, cover-ups or decision-making failures must be held accountable and face serious punishment.
Efforts should be made to address the current situation where the costs of legal and
regulatory breaches in the financial sector, especially capital markets, are too low, Xi said.
Xi urged enhancing the global competitiveness of China’s financial sector, elevating the two-way opening-up to a highe
r level and beefing up capabilities of financial management and risk prevention and control amid greater opening-up.
PYONGYANG — Kim Jong-un, top leader of the Democratic People’s Republic of Korea (DPRK), left here Saturday afternoon by train f
or Vietnamese capital Hanoi for the second DPRK-US summit, the official Korean Central News Agency (KCNA) reported Sunday.
Kim will meet with US President Donald Trump there on Feb 27-28. Their first meetin
g was held in June 2018 in Singapore, which resulted in improved bilateral relations.
Kim will pay an official visit to Vietnam at the invitation of Vietnamese President Nguyen Phu Trong before his meeting with Trump.
Kim was accompanied by Kim Yong-chol, Ri Su-yong, Kim Phyong-hae and O Su-yong, members of th
e Political Bureau and vice-chairmen of the Central Committee of the Workers’ Party of K
orea (WPK), Ri Yong-ho, member of the Political Bureau of the WPK Central Com
mittee and foreign minister, No Kwang-chol, alternate member of the Po
litical Bureau of the WPK Central Committee and minister of the People’s Armed Forces, among others, said the KCNA.
Kim was seen off at Pyongyang Railway Station by Kim Yong-nam, Choe Ryong-hae and Pak Pong-ju, members of the Presidium of the Political Bureau of the Cen
tral Committee of the WPK, and other senior officials of the party, government and armed forces, said the KCNA.
are a number of our colleagues that are deeply unhappy, particularly about no-deal Brexit,” Soubry said, responding to a quest
ion about whether more Conservative MPs would follow their lead. “We do expect people to stand up for w
hat they know is right for our country, which is not a no-deal Brexit.”
The question now is whether the now 11-stron
g Independent Group will establish itself as a new party, and it if does, whether it will have any success at general election.
Britain’s electoral system makes it tough for any new political party to win re
presentation in Parliament. A group that broke from Labour in the 1980s, the Social Democratic Party, fizzled after some early successes.
But small parties can nevertheless wield significant influence over larger ones. “UKIP is an example of a party that won su
fficient votes to frighten the Conservatives into changing its policy very significantly, ultimately forcing a vote
on Brexit,” Tim Bale, professor of politics at Queen Mary University of London, told CNN on Tuesday.