Hosted in the Chinese city of Bo'ao on the island of Hainan, the event brings together the world's economic elite and is ranked on par with the World Economic Forum in Davos.
More than one hundred and sixty speakers from around the world have come to the Forum to seek common solutions to the challenges of a global environment defined by successive economic shocks.
In his opening speech, Chinese Premier Li Qiang stressed that the dynamism and momentum of China's economic growth are strong. He said his country will introduce new measures to boost domestic consumption and increase market access for foreign enterprises while ensuring the stability of the financial sector.
György Matolcsy, Governor of the Magyar Nemzeti Bank (Hungary's central bank), also participated in two round-table discussions and held talks at the forum with Yi Gang, Governor of the Chinese Central Bank, Chen Huaiyu, Vice Governor of Hainan Province, and Zhou Xiaochuan, Vice Chairman of the BFA.
