Quotable quotes from the 2018 Boao Forum

Liu Yonghao, chairman of New Hope Group

A great enterprise should first, produce a profit, second, contribute to society, and third, handle the relationships between government, ordinary people and employees, Liu said.

In a specific field, a great enterprise can also lead industry development through innovation, or tackle the problems of environmental protection and poverty, he added.

In recent years, private and high-tech enterprises have been at the forefront, he said. For example, Huawei and Midea, which have strong innovation abilities, are close to becoming global great enterprises.

"I am very proud China has these enterprises, and believe more such enterprises could rise in the country," he said.