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Apart from the large number of financial institutions and 300,000 financial professionals, the favorable policies rolled out by Pudong and the municipal government have helped with the prosperity of the financial sector, Leung said.

Ant Financial, an affiliate of Hangzhou-based tech titan Alibaba, announced last month that its Alipay has entered local bus networks in 50 domestic cities. This service would reach 100 cities this year, including third- and fourth-tier cities.

Another space provides a look into the studio of statue designer Frédéric-Auguste Bartholdi, highlighting his step-by-step process in creating the statue.

Anthony Saich, a professor of International Affairs at Harvard Kennedy School, who joined the discussion at the forum, said the impact of a trade war has been underestimated.

Another working-level contact between the two sides started at 6:25 pm local time (0925 GMT) at the Peace House, a South Korean building in Panmunjom, to arrange a joint communique for the inter-Korean talks.