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"China, like many other countries, is still at an early stage in blockchain adaptations in the energy industry. But the outlook is positive with concentrated efforts from leading companies," Qin said.

"Commercial banks should not overlook the importance of digitalization, including fintech and big data, with which they can advance the transformation of their retail banking business," he said.

"Chinese banks' expansion strategies have benefited from policy supports such as the Belt and Road Initiative, with new projects creating demand for goods and infrastructure," said Ben Shenglin, dean of the academy.

"Compared to the demands of application scenarios for AI algorithms, the supply is less than 1 percent," Yin said. That is especially the case when it comes to facial recognition technology's application industries such as transportation and finance, which have stringent demands for precision, security and safety.

"Companies from home and abroad will sign a number of cooperation agreements today, covering a wide range of areas and regions," she said at the opening ceremony of the Belt and Road CEO conference held in Beijing.