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"Fintech is making profound changes on the financial landscape," said Jiang Yang, vice chairman of the China Securities Regulatory Commission, China's top securities watchdog.

"Hainan boasts unique advantages in resources and location, and it has become an important window of China's reform and opening-up. Hainan is facing significant historic opportunities, and it is taking new responsibilities," said Shen Xiaoming, governor of Hainan province.

"Hainan is my second home. I met my lifelong love, enjoyed life and learned so much on the lively island," he said, adding that he was greatly impressed by the unique culture and hospitality of the island's people.

"Foreign markets now play a critical role in our overall development plan. They are envisioned as an important growth engine," said Chen Yuhong, chairman and CEO."Since we see huge rising demand from our overseas clients and partners, we are confident that it will grow to make up a bigger percentage of our revenue in the coming years," he said.

"For the poorest countries, poverty is rising rapidly, median incomes are falling, and growth is deeply negative," he said. "Debt burdens -- already unsustainable for many countries -- are rising to crisis levels."