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"Entrepreneurial opportunities in the mobile internet sector are diminishing, because with about six years of development, the sector is comparatively mature and some mega companies occupy most of the market."

"Digital technology is rapidly evolving and customers are now able to bank more simply, quickly and in the most secure way possible," said Andrew Connell, head of digital innovation and partnerships at a department of HSBC. "We see a huge growth opportunity in the adoption of technology for retail banking, not just in China but across the Asia Pacific region and around the world."

"Due to the higher order numbers brought by the B&R Initiative, we have moved from being a traditional ship manufacturer to a high-end and high-tech ship builder," he said.

"Embracing the smart revolution, enterprises can effectively improve the production efficiency and offer better services," Liu added. "For instance, chatbots are helping combat some of today's biggest customer service challenges. Chatbots are able to learn knowledge up-to-date and offer services 24 hours a day, seven days a week, helping reduce the labor costs and better cater to the customers."

"Even though our sports industry has grown at a fast pace in recent years, we are not yet a strong sporting nation, consumption-wise, as the contribution of the sports business to our overall economic growth remains modest," Li Yingchuan, a deputy director of GASC, said in a media briefing on Wednesday.