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And, in his opening address to the fifth annual meeting of the Board of Governors of the AIIB, Xi said the bank "needs to provide public goods for our region and beyond, push for regional economic integration, and help make economic globalization more open, inclusive, balanced and beneficial for all".

Analysts said the annual return on average of the world's foreign exchange reserves may have been 3 to 4 percent in recent years, and the investment targets are shifting from short-term equities to long-term projects such as infrastructure construction.

Analysts said the emerging signs of Chinese economic stabilization mean the world's second-largest economy is also expected to play a crucial role in helping to anchor the global economy, which, as International Monetary Fund Managing Director Christine Lagarde cautioned, is at a "delicate moment".

And Guangzhou itself has achieved something great.

Andrew Leung Kwan-yuen, president of the Legislative Council, said he understood and respected the decision made by the Standing Committee of the NPC, and he urged people from across the political spectrum in Hong Kong to take a pragmatic approach and work for the best interests of the community.