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"China would not give up an inch of its territory," he said.

"Companies will need to go public, issue bonds, make structured financing, and make investment in the capital market both at home and abroad. In that sense, asset management companies should provide services to help such companies come out with the most suitable operation plans and reach the right target," he said.

"Companies like Ant Financial and Ziroom are introducing personal credit scores in the house-leasing business. This will create a new mechanism and a regulation system in the market," Yan said.

"China welcomes more European countries getting involved in the Belt and Road cooperation, no matter individually or as a bloc. China and the EU have agreed to synergize our visions for connectivity. It's time to get things done," he said.

"Companies in China are in a phase of transition from a more mature product business to an increasingly innovative one," he said.