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He said the United States and China, with a quarter of the global population and one third of the world's economic aggregate, will make greater achievements in cooperation than other countries.

"China is ready to set up a high-level joint dialogue mechanism with the United States on fighting cyber crime," he added.

The Expo and Summit have become a platform for China and ASEAN countries to enhance political mutual trust, trade and people-to-people bonds. I hope the Expo and Summit will take the "Belt and Road" initiative as an opportunity to foster profound friendship and business opportunities, yield more fruits of cooperation and make new contributions to building the China-ASEAN Community of Shared Destiny. I sincerely wish all of you well and success in your work during the Expo and Summit. I wish the 12th China-ASEAN Expo and the 12th China-ASEAN Business and Investment Summit a complete success!

The expansion will give more financing options to Suzhou and Tianjin corporates as well as provide financial institutions and investors in Singapore additional avenues to deploy their growing RMB liquidity in Singapore.

"So China-Japan-South Korea cooperation is important not only to the three countries themselves but also to the whole Asia and Asia-Pacific," said Jiang Ruiping, deputy director of China Foreign Affairs University.