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China is aiming to establish a set of free trade port policies focusing on trade and investment facilitation across Hainan by 2025, building an economy with a new level of openness by 2035 and a high-level free trade port of global influence by the middle of the century.

China is the world's largest e-commerce market, accounting for more than 40 percent of the value of worldwide transactions, and in terms of mobile payments, China has a transaction value 11 times that of the United States, according to a recent report by McKinsey Global Institute.

China is facing an acute shortage of professional talent in fintech right now, according to a finding from recruitment company Michael Page China.

China has reshaped its vast western areas, including Sichuan province and Chongqing municipality, in recent years with the goal of creating a new super-region.

China is committed to developing an international innovation and technology hub in the Guangdong-Hong Kong-Macao Greater Bay Area, which will serve as a leading force for national innovative development, the country's top economic regulator said.