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He also called on the two countries to better synergize their strategies, promote high-quality Belt and Road cooperation, and further advance cooperation to realize mutual development and prosperity.

The foresight of China's new proposals at the summit lies in the country's sincerity to build a clean and beautiful world with global partners. Over the years, China has been a champion of multilateralism, and upholds the principle of common but differentiated responsibilities on climate change.

He said the two sides should first of all handle their respective domestic affairs well, and at the same time strengthen strategic cooperation and play a constructive role in dealing with global challenges, adding that the two sides should maintain the right direction of China-EU relations, stick to peaceful coexistence, open cooperation, multilateralism as well as dialogue and consultation, which are not only important experience gained over the 45 years since the establishment of bilateral diplomatic ties, but also key principles for the healthy and stable development of China-EU comprehensive strategic partnership in the future.

"History teaches us that multilateralism, equity and justice can keep war and conflict at bay, while unilateralism and power politics will inflate dispute and confrontation," Xi said.

"As digital payment, especially mobile payment, gets popular in the country, basic financial services are generally available in all urban and rural areas," Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission (CBIRC) said at the Singapore Fintech Festival.