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"China will be widening the business spectrum for foreign financial institutions and also expand the cooperation areas of Chinese and foreign financial markets," Xi said, addressing more than 2,000 politicians, business and media leaders and scholars at the four-day event, which started Sunday in South China's Hainan province.

"Currently, China's gross national income per capita is nearly ,000, which is higher than the average level of middle-income countries. At this development stage, residents' demand for high-quality nighttime consumption grows steadily."

"China will continue to facilitate the integration of its health-related industries with the elderly care, tourism, internet, fitness and food industries," said Hou Yan, an official with the NHFPC.

"Chinese education is experiencing a huge change from offline to online," said Jiang Kai, managing director of Coatue China.

"Creative transformation is the way to include traditional Chinese culture into future civilization of mankind."