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"Gold consumption is expected to continue its uptrend on the back of strong demand and growth in high-end sectors like jewelry, and the industry is moving to produce more retail products to meet customer needs."

"Going ahead our association will actively work to facilitate global communications and cooperation," he said.

"Foreign investment in the sectors of securities, asset management and insurance will see rapid growth in the next few years as China further opens up the financial sector," said Zhang Xiaotao, dean of the School of International Economics and Trade at the Central University of Finance and Economics.

"Hainan's institutional building and progress will cultivate a more open and fairer business environment, further boosting market vitality and internal growth momentum of the economy," said Xia Feng, executive director of the Institute for Advanced Studies of Humanities and Social Sciences at Hainan University.

"Given the big market, the large population, uniform culture and market forces, we'll see more opportunities in the future," Wang added.