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of the sector with a focus on improving financial services and forestalling financial risks.
Opening-up of China’s financial factor has sped up, as the country re
moved foreign ownership caps of banks and financial asset management firms last year.
Richard Turnill, global chief investment strategist of BlackRock, an American global investment man
agement corporation, is also positive on China’s stocks market, according to the Barron’s report.
Turnill said stronger inflows into Chinese A-shares, and China’s efforts to boost credit growth and sti
mulate its economy are also helpful to a bullish stock market.
However, selectivity of stocks is needed, Turnill said, adding that BlackRock favors b
rokers and companies related to the domestic consumer that can benefit from the efforts to stimulate growth locally.
Major securities traders in China, such as the Merchants Securities, CITIC Securities, and Fo
under Securities are all optimistic about China’s stocks market this year, according to a report from finance.sina.com.
”Green Book” won best picture at the Oscars, marking the final twist on a night of historic firsts, filled with suspense until the final prize.
Despite controversies surrounding the film, and many outspoken critics, the per
iod drama about race relations in the 1960s felt like a more conventional best-picture choi
ce than its two top rivals, both of which had to overcome key hurdles: “Black Panther” represented the fi
rst superhero movie to earn such recognition, while “Roma” not only would have been the first foreign-lan
guage winner, but was likely hobbled by those who still see its distributor, Netflix, as an upstart in the movie world.
The Oscars compensated for a host-free ceremony with a nigh
t of breakthroughs, moving briskly through the categories in a concerted effort to sh
orten the run time, amid a night marked by greater inclusiveness and that spread the wealth among the nominees.
Award voters extended honors to a number of blockbusters, including “Black Panther,” which
earned several technical awards; and “Bohemian Rhapsody,” the biography of Queen and the band’s fron
tman, Freddie Mercury, earned four Oscars — the most of any film — including Rami Malek’s first for the central role.
erse expertise should be established, while personalized and differentiated financial products that suit market demand should be developed, he said.
The number of small and medium-sized financial institutions as well as their proportion o
f businesses should be increased, while financial services to the small and micro firms as well as agr
iculture, rural areas and rural people should be improved, Xi said.Xi stressed the need to establish a standard, tra
nsparent, open, dynamic and resilient capital market that has sound fundamental institutional arrangements, pr
oper management on market access and exit and tightened full-process supervision on transactions.
He said that financial services conducive to the development of industr
ial, market, regional and green development systems of a modernized economy shall be provided.
An all-around and multi-level financial service system including ve
nture capitals, bank loans and bond and stock markets shall be put in place, he said.