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"Hanbond's expansion (on the back of ToJoy-registered investors' support) has been 10 times quicker than I could have imagined. Had we explored those cities by ourselves, it would have taken much longer," Wang said.

"Governments should substantially reduce their role in direct resources allocation and channel more energy into macro regulation, public services, market supervision, social management, and environmental protection," said Yang Weimin, deputy head of the Office of the Central Commission for Financial and Economic Affairs.

"Given the relevance of confidence, policy measures to preempt adverse market and public sentiment from taking hold would be important," he said.

"For political ethics, I took the students to CCDI (Central Commission for Discipline Inspection) website. I showed them how different it is from the US. It has a much stronger enforcement power that the US can't imagine. Then I show them an episode of the popular TV show In the Name of the People.

"From day one we have not ruled out the possibility of delving into other realms using AI. But English learning is the one area that we would like to focus on right now," Wang said.