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"Finance is vigorous only in business scenarios. Banks must create their own business scenarios to compete with internet companies that have an advantage over banks in this respect," said Zhang, the former bank executive.

"Foreign institutions have more opportunities and we will search for cooperation in emerging sectors such as artificial intelligence, electric cars, life sciences and technology logistics solutions," Wu said.

"Hainan differs from Hong Kong in location and industry focus, playing a complementary role instead of competing with Hong Kong," Lin stressed. "We should give full play to Hainan's advantages like rich natural resources, unique geographical location and the vast domestic market and hinterland, focusing on the development of tourism, modern services and high-tech sectors."

"From the statistics and success stories of our previous participations, CAEXPO has proven that it is an effective platform to boost trade, investment and tourism between ASEAN and China," said Azlimi Zakaria, consul-general of Malaysia in Nanning. "Malaysia has always valued our participation in the expo as one of the most successful platforms for us to increase our bilateral trade activities, introduce our companies to the Chinese market, promote business matching, and discover new investment opportunities."

"For successful partnerships to emerge and flourish, both sides will have to learn the arts of empathy, patience and genuine cross-cultural collaboration," he added.