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"China's soybean imports from the US have been decreasing over the past few years, despite an increase in the total amount of soybeans imported," he said.

"China, as the world's largest importer and consumer of iron ore, has the obligation to provide an open, transparent and fair price benchmark reflecting the real supply and demand situation on the global iron ore market," said Li Zhengqiang, chairman of the exchange.

"Currently, when foreign investors enter Chinese market, they will find out that the hedging tools, financial derivatives and other financial products still need to further develop. The key task this year is to provide sufficient financial hedging instruments to let investors effectively manage risks," Yi said at the forum.

"China's new direction, further reform and openness, will certainly bring more opportunities to Schneider Electric. The opportunity is mainly in areas including green city development, industrial automation and Internet Plus-related businesses," said Jean-Pascal Tricoire, Schneider Electric's chief executive officer.

"Chinese people consume about 6 kilograms of beef per person per year. The country needs to import 200 tons of beef annually to meet that demand. The demand is high and we are packaging beef as fast as we can," Wu said.