Xi's Boao Forum speech to focus on risks and challenges the world is facing

[BEIJING] China's President Xi Jinping will address the annual Boao Forum on Tuesday and his video speech will touch on the risks and challenges the world is facing, and what solutions his country offers to overcome them.

China's top financial watchdog is keeping a close watch over hedge fund inflows to safeguard financial stability as the nation seeks to attract foreign capital and opens its capital markets, Fang Xinghai, vice chairman of the China Securities Regulatory Commission, said at the forum on Monday.

Chinese government officials and business leaders are gathered this week on the tropical island province of Hainan for the forum, with discussions encompassing topics from digital currencies to carbon neutrality and the economic outlook for a post-pandemic world. Billed as an Asian version of the World Economic Forum, the event kicked off on Sunday and is slated to run through Wednesday.

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