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"Haodf.com adopts a light-asset business model and does not plan to open any brick-and-mortar medical facilities, because we know the internet is able to remove resource allocation bottlenecks and raise efficiency by connecting all involved parties," Huo said.

"Forty years ago, the China-US diplomatic relationship, along with China's reform and opening-up, almost started in the same period," wrote the ambassador.

"For deposits, Yu'ebao has appeared; for loans, there are numerous companies such as Ant Financial Service Group and JD.com; for payment, there are Alipay and WeChat Pay; for financing, crowd-funding has already drawn lots of attention; and furthermore, Fintech will overturn the insurance sector in a more 'ferocious' way," Zhu, also chair of the National Institute of Financial Research, Tsinghua University, told participants.

"Geely is highly advanced and has huge research and development funds up to billions (of US dollars) a year, apart from having large markets for its vehicles," Najib told hundreds of DRB-Hicom employees, adding Geely also owns the Swedish car brand Volvo and a 10 percent stake in German carmaker Mercedes Benz.

"Foreign phone makers, such as Apple Inc and Samsung, have always taken the lead in introducing new functions for smartphones, but now, domestic brands have risen to the occasion and won't just follow others anymore," says Zhang.