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BEIJING, March 7 (Xinhua) -- With only two years left for China to meet the deadline in its war against extreme poverty, the country stands ready to face the toughest challenges to meet the goal and ensure the victory stand the test of time.

At present, the shares of foreign-funded banks and insurance companies' total assets have reached 1.64 percent and 6.36 percent, respectively, in China.

Winning the battle against poverty is the landmark indicator for building a "moderately prosperous society in all respects", the statement said.

The science and technology innovation board, which pilots registration-based initial public offering (IPO) system, is "a very good attempt," and "it may be adopted by A-share markets in the future," said Henry Huang, professor with Sy Syms School of Business, Yeshiva University.

The Basic Law clearly stipulates that Hong Kong is an inalienable part of China. Any suggestion for "Hong Kong's independence" is a blatant violation of the Basic Law and a direct affront to the national sovereignty, security and territorial integrity of China, the spokesman said.