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He expected that investment allocation to shares by banks' wealth management subsidiaries will increase gradually along with the improvement of their research and investment capabilities and enrichment of their client structures.

He noted that the ticketing process has taken a lot of time because the handover process from construction to Kenya railways and then to the operator was delayed. "We now have technical team on the ground and hope in the next few weeks we will launch an online ticketing platform," he said.

He expressed that with unity and solidarity at national and global levels, resources will not be a problem.

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He highlighted the need for stronger guidance from the central government and the rolling out of more support policies to integrate telemedicine with the medical insurance system and cutting-edge technologies.

He called on both sides to expand exchange areas, and make new contributions to the partnership.

He made the remarks when meeting with world business leaders during the Annual Meeting of the New Champions 2017, also called Summer Davos, in the northeastern coastal city of Dalian.

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He is now trying to simplify the situation and has already reduced the number of branches to 23 from 94: "I finished the task weeks ago. We must improve management efficiency."

He made the remarks from a China Chamber of Commerce in the UK event in London that was held to mark the second China-UK Economic and Trade Forum and the 70th anniversary of the founding of the People's Republic of China.

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He made the remarks at the 2018 SAIF MF International Youth Leadership Finance Summit in Shanghai. The four-day event, starting on Saturday, gathered a host of scholars, experts and business leaders who have domain expertise in the financial sector.

He joined the General Administration of Customs in 1982 upon graduating from the University of International Business and Economics in Beijing and became deputy director of the administration in 2003.