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"China is the e-mobility powerhouse of the world. And we strive to be at the forefront of shaping this movement," said Volkswagen Group China CEO Stephan Woellenstein.

"China has showed the effectiveness of its methods, and it is important for these methods to be shared," she added.

"China is the second largest market in the world in insurance. It's growing fast so it will become the first market of the world at some stage. We believe that there are a lot of services and products to be designed for Chinese customers and this is our ambition," Veyry said.

"China has recently achieved the greatest reduction in poverty during the shortest period in the whole of human history, and China alone was responsible for half of the world's reduction of poverty," he said.

"China could develop the new board's primary market into a national platform, facilitating private equity funds' investment in tech companies, before they go public on the board," Xue said.