The 2016 Boao Forum for Enterpreneurs is held in Boao, south China's Hainan Province, June 18, 2016.

More than 500 politicians, economists and businessmen gathered in south China's island province of Hainan for the 2016 Boao Forum for Entrepreneurs Saturday.

Secretary general of China's Xinhua News Agency Liu Zhengrong said in a keynote speech that the forum serves as an exchange platform for entrepreneurs at home and abroad and promotes cooperation between businesses and governments.

Long Yongtu, former Chinese vice minister for trade, addressed at the opening ceremony that the event, with increasing support from partners, is growing into an influential brand just like the Boao Forum for Asia.

The two-day forum is hosted by the China Economic Information Service of Xinhua News Agency, with support from the provincial association of industry and commerce, the provincial commerce department, and partners from media, organizations and companies.

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