BOAO, Hainan, March 28  -- China will vigorously promote a system of regional financial cooperation, and explore a platform for exchanges and cooperation among Asian financial institutions, Chinese President Xi Jinping said on Saturday.

The president made the remarks at the opening ceremony of the 2015 annual conference of the Boao Forum for Asia (BFA) in the coastal town of China's southernmost island province of Hainan.

The country will also advance complementary and coordinated development between the Asian Infrastructure Investment Bank (AIIB) and such multilateral financial institutions as the Asian Development Bank and the World Bank, the president said.