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Democratic People's Republic of Korea top leader Kim Jong-un and United States President Donald Trump have arrived in Hanoi one day ahead of their second summit, with high expectations that the two leaders can flesh out specific steps both sides will take to achieve denuclearization of the Korean Peninsula.

Deng Hu, chief analyst with Shenwan Hongyuan Securities Research Institute, said foreign asset management firms are adept at closely following benchmarks, and only report slight deviation from benchmark index returns. Their international vision is also helpful with cross-market investment, Deng said.

Despite a short history of a little more than 30 years, China's capital market has developed rapidly and demonstrated great potential. "China is currently the world's third-largest stock and bond market, so we are very optimistic about China's capital market and we will grow alongside its development," Lin told Xinhua.

Deputy Director of the Shanghai Development and Reform Commission Zhu Min made the announcement at a press conference on promoting high-quality development on Wednesday in Shanghai.

Defined as a policy that "takes the domestic market as the mainstay while letting internal and external markets boost each other," the model has been viewed by analysts as a viable solution for China to build up resilience against external shocks and share its opportunities for development with the rest of the world.