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He didn't give up, though. "I was young and enthusiastic," he said with a grin. It wasn't the first time he was told not to do something.

He noted that opening the Chinese payment clearing market has great significance in promoting supply-side structural reform in the financial sector and boost the ability of the financial sector to serve the real economy, especially the part that produces goods and services.

He is especially impressed by the combination of low cost and high quality in the market.

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He noted that the new bilateral agreements are reached under the ASEAN banking integration framework and mark progress toward the ASEAN economic community goals for financial integration.

He made the remarks as the Danish firm launched a new cobot solution in China, featuring heavy load capabilities that make the machines ideal for automating tasks like heavy-duty material handling, heavy-part handling, and machine tending.

He noted that it is now even more urgent for private businesses to step up research and development amid threats of technology blockades from some countries, and the government must encourage non-State companies to play a greater role in leading innovation in science and technology.

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He expressed his hope that Hong Kong society will build consensus, seize opportunities, perform national development strategies, achieve better development and create new glory.

He is confident that a closer economic relationship between China and Europe will ensure the port has a bright future.

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He expected the friendship between Spain and China would "grow tall like bamboo and be everlasting".

He expected H-shares to see a correction of 5 percent to 10 percent in the latter half of this year. As the valuation of the mid- and small-cap stocks in A-share market had dropped significantly, he estimated small-cap stocks would rally 10 percent while big-cap stocks would rise about 5 percent in this period.