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The Belt and Road Initiative is a symbol for China's ambition to internationalize its economy and take responsibility in the global balance of powers, and the project could have a massive impact on the future of cross-border stability, he noted.

Xi's reform has laid a firm foundation for the Chinese nation's rejuvenation. It will be the first time in human history that a country of more than 1 billion people march into modernization as a whole.

Twenty foreign companies, among over 1,000 that have submitted pre-registration, have signed up for the second CIIE scheduled next year.

"President Xi will deliver a keynote speech to expound on China's policies toward the Pacific island countries based on the approach of upholding justice and pursuing shared interests and the principles of sincerity, real results, affinity and good faith, and announce major cooperation measures to support the island countries' development," Zheng added.

New fin-tech services will be introduced to explore more financing channels for small- and medium-sized tech companies, including asset-light firms and firms yet to make profits. Local government equity funds will be channeled to support seed and early stage high-tech startups. Insurance companies will be encouraged to develop products that cover patent enforcement and patent infringement to forestall patent holders' losses from IPR violations.