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Despite the improved resilience of the global financial system as a result of post-crisis financial reforms, vulnerabilities still remain, and may negatively impact the strength and sustainability of global growth. China applauds and supports the FSB's work in building a safer, simpler, fairer financial system and improving the financial regulation coordination framework. We emphasize the considerable progress made towards transforming shadow banking into resilient market based finance since the financial crisis and welcome the FSB assessment of the monitoring and policy tools available to address risks from shadow banking. We call for full, consistent and timely implementation of agreed reforms, and finalizing Basel III and other unfinished parts of the reform agenda soon, so as to foster a robust and open global financial system supporting investment, trade and growth.

Democrats, including Senate Minority Leader Chuck Schumer and Democratic presidential nominee Joe Biden, maintained that a nominee should be tapped by the new president chosen by voters in the Nov 3 election. However, Senate Majority Leader Mitch McConnell said that Trump's nominee will get a vote in the Senate.

Despite the country's strong economic rebound in the second quarter, the top leadership acknowledged that the economic situation remains complex and serious and many challenges facing the country are mid- and long-term issues that should be seen from the perspective of a "protracted war".

Democrats formally nominate Joe Biden - World - Chinadaily.com.cn

Demonstration cases - an approach the court has used to solve securities disputes since January - will also be adopted in dealing with lawsuits related to the new board involving listed companies suspected of making false statements and leading to economic losses for a vast number of investors from various regions of the country, the court said.