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"Foreign institutional investors believe that China will truly further open its capital markets this time. A growing amount of portfolio investment will enter the capital markets more actively after the risk associated with China-US trade friction is significantly reduced. This will lead to revaluation of assets in the country," he said.

"For medicines treating rare diseases, AIDS and cancers, we will accelerate the administrative approvals to shorten the time by one or two years for them to be sold in the Chinese market and meet the demands of Chinese patients," Jiao said.

"From the very beginning, we considered BRI as an initiative for promoting peace," Serbian President Aleksandar Vucic said earlier this month. He also said he believed that BRI projects helped boost Serbia's economy and improved the Serbian people's living standards.

"Foreign financial institutions, especially those in the US and the UK, will be quite interested in facilitating direct investment (in China). What we see at some of our large banking and capital markets clients is that this is the part where they have the most experience at providing and enabling so that becomes a more attractive part of the market than large corporate lending, which will be competitive with long-standing relationships, particularly among the State-owned banks and the SOEs," he said.

"Guangzhou is one of the best places for the fourth industrial revolution," said Klaus Schwab, founder and executive chairman of the World Economic Forum.