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"Financial companies in the Bay Area have been spontaneously exploring the integration of their services for individuals and corporations in the region," said Xing Yujing, president of the Shenzhen Central Subbranch of the People's Bank of China, the country's central bank.

"Foreign firms, such as our own, often have to hire talented people with financial and language capabilities, and an understanding of international compliance standards. We have seen a huge improvement over the last couple of decades in this area and the key reason is China's opening up," Lu said.

"Guangzhou, with its beautiful, lively, open, friendly and inclusive environment, is making a name for itself as a main gateway city for China," he said.

"Given AI technology's data-driven nature, China's massive user base and the government's ability to use new inventions, China will definitely win the future of AI," Liu said on the sidelines of the ongoing NPC session.

"Guangdong's future development will rely on technological innovation. The construction of the Greater Bay Area will also help bring more opportunities for local business in the allocation of global innovation resources," Zhu said.