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Cheng Wei, 34, founder of ride hailing company Didi Chuxing, saw his personal wealth surge by 27 percent year-on-year to 16.5 billion yuan.

Chen also voiced support for Chief Executive Carrie Lam Cheng Yuet-ngor to lead the SAR government in exercising law-based governance.

Chen said China has made achievements in connectivity, renewable energy, artificial intelligence and new-generation communications in recent years, exactly what is needed for the evolution of the new energy vehicle industry.

Cheng Wei, founder and CEO of Didi Chuxing, said Grab is establishing a clear leadership in Southeast Asia's internet economy based on its market position, superior technology and local insight.

Chief Executive Carrie Lam said it was a "big leap" toward the final objective – commencing operations of the Hong Kong section of XRL in September