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"Financial technology is a big future trend," says Sun. BC Capital had invested in Zhong An Online P&C Insurance in 2015. When investing in fintech enterprises at an early stage, it's vital to know their investors, the management's background and business model.

"From the outset of the Dec 12 campaign, we managed to bridge offline transactions with digital payments. Five years later, we aim to revamp the entire local services market by digitizing 'people, merchandise and shopping scenarios'", said Alibaba vice-president Fan Chi.

"Government heads may be transferred to other areas and not work as lake chiefs any more. During their time working as lake chiefs, there might be some problems in lake protection. The damage from these problems may not show up immediately, but several years later.

"For example, take the potato, which was introduced to the country in the 17th century. Chinese chefs have invented so many local dishes using the staple, aside from foreign chips, french fries or mashed potatoes."

"Guided by this direction, our market regulators in Shanxi will try our best to serve the real economy, pushing forward the growth of the advanced manufacturing industry and using digital technologies to foster new growth areas and upgrade local traditional industries," Zhang said.