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"Hainan is slowly but surely becoming the test bed for China's further opening up and reform and companies like Alibaba are the catalysts and magnets for sustained investments," said Ma.

"Governments at all levels must take improving the business climate as a key measure for stimulating market dynamism. Just as the tax and fee cuts are designed to lessen corporate burdens, improving the business climate is meant to serve the same purpose. In the face of fierce international competition, we must tackle all the areas of weakness in our business environment, such as access to credit and bankruptcy filing," Li said.

"For the last 10 years, we have been deepening our involvement in Africa's growth story and the continent's partnership with China to enable our clients to tap into trading and investment opportunities between the two regions," Yi said.

"Geely will share its advantages in development, production and supply chains as well as its insights about the Chinese market," said Geely Chairman Li Shufu.

"For us, China is a market full of potential, and a better business environment will be the medium that connects our premium products to consumers going through consumption upgrade in China," said Lau, whose company is attending the expo for the second time.