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"Even so, the prospects of entering the mainland market are definitely good for overseas insurers because an enormous population still lacks insurance protection," he said.

"Every place we went we were served eight-to-10 course banquet meals," Sweeris recounted Tuesday of the hosts' hospitality.

"Different from the typical route of developing a financial system, Africa wants to skip the step of establishing a mature bank system but directly use digital finance to boost inclusive, sustainable growth," said Bei, citing his experience communicating with financial practitioners in Africa.

"Despite the crackdown from the US government, Huawei manages most of its business going on as normal,"Liang Hua, chairman of Huawei, said.

"FMDB is a cash-related service and this adds to our ability to serve clients and demonstrates our commitment to global clients to provide them a complete market access solution for China. We are honored to be making a further contribution to support the continued opening-up of Chinese financial markets," Lam said.