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"By essentially trading cryptocurrencies in a decentralized way, we are building the financial system of the future," he added.

"China is a crucial market with amazing vitality. We will continue to work as partners with China to build sustainable agriculture and invest in rural areas," said MacLennan, adding that China's multiple measures to diversify the supply of quality products and services will effectively drive its economic growth.

"By providing the most relevant discounts, it helps to draw more recurring customers and boost sales," Liang said.

"But life can't be about solving one miserable problem after another, we need things that inspire you, that's why we did this," Musk told the audience, referring to his recent Space X rocket launch.

"But today the tables are turned. The best domestic banks in China actually have better capabilities and more skills than the international banks in their consumer banking units here in China. So we are going back and learning from the domestic banks about how they evolve their business models here, how they partner with some of the most advanced fintech companies in China, and how they are redesigning customer experiences and customer journeys through their mobile and online platforms," he said.