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"China's reforms have come to a stage where the leftovers are the 'hardest bones,'" said Wang.

"Covering a broad range of themes like smart manufacturing, commerce and finance, and cultural creativity, these meetings are coupled with 45 customized city tour routes that aim to give international merchants a deeper understanding of the city and its various industrial strengths," Luo said.

"Considering the rising financial risks in the post-COVID period, it is not a good time to fully open the RMB capital account," said Wang."The financial derivatives market for risk prevention is imperfect. Risks in the international financial market may be exposed in the future given the impact of the pandemic."

"China's reform and opening up meets its people's aspiration for development, innovation and a better life. It also meets the global trend toward development, cooperation and peace," said Xi when addressing the opening ceremony of the annual conference of the Boao Forum for Asia (BFA) in the southern island province of Hainan.

"China's asset management industry has great potential, and Winton is excited to participate in the market," said Fred Tian, head of client advisory at Winton China. "We look forward to bringing to bear our international and local experience for the benefit of our Chinese clients."