Chinese President Xi Jinping addresses the opening ceremony of the Boao Forum for Asia on March 28, 2015. [Photo/Xinhua]

Chinese President Xi Jinping said on Saturday China stands ready to sign treaties of good-neighborliness, friendship and cooperation with all its neighbors to provide strong support for the development of bilateral relations as well as prosperity and stability in the region.

China has signed such treaties with eight of its neighbors and is holding discussion to sign the same treaty with ASEAN, said Xi while delivering a keynote speech at the opening ceremony of the Boao Forum for Asia annual conference held in the country's southern island of Hainan.

Chinese President Xi Jinping said on Saturday the vision and action paper of China-proposed "Belt and Road" initiative has been developed thanks to the concerted efforts of relevant parties.

Substantive progress has been made in the establishment of the Asian Infrastructure Investment Bank (AIIB), said Xi while delivering a keynote speech at the opening ceremony of the Boao Forum for Asia conference held in the country's southern island of Hainan.

President Xi calls 2015 important year, historic juncture

Chinese President Xi Jinping on Saturday said that 2015 is an important year to be commemorated and a historic juncture to reflect on the past and look to the future.

"This year marks the 70th anniversary of the end of the World Anti-Fascist War, the victory of the Chinese People's War of Resistance Against Japanese Aggression and the founding of the United Nations. This year is also the 60th anniversary of the Bandung Conference and will witness the completion of the ASEAN Community," he said.

"As such, it is an important year to be commemorated as well as a historic juncture to reflect on the past and look to the future, " the president said when addressing 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.

Under the theme of "Asia's New Future: Toward a Community of Common Destiny", the four-day event will witness more than 70 formal discussions on topics of macroeconomy, industrial transformation, regional development, technological innovation, politics and regional security.

Leaders from 15 other countries as well as nearly 2,800 officials, businessmen and media staffers attend the forum.

A non-governmental and non-profit international organization founded in 2001, the BFA works to promote regional economic integration and bring Asian countries closer to their development goals.

The following are some of the highlights from Xi's speech:

-- Xi pays tribute to Mr Lee Kuan Yew at BoaoForum, says Lee is a strategist and statesman respected worldwide Chinese President Xi Jinping expresses condolences for victims of Germanwings crash at the forum.

-- Xi says being a big country means shouldering greater responsibilities, not seeking greater monopoly.

-- Interests of Asian countries become intertwined & community of common destiny has taken shape.

-- He stresses coordination to prevent negative spillover effects from economic policy changes in individual economies.

-- China will explore platform for cooperation among #AIIB & multilateral financial institutions.

-- Chinese investment abroad to exceed US$500 billion in 5 years.

-- Stable domestic, peaceful international environment what China needs most.

-- China will always remain force for world peace and common development

-- "Belt and Road" to be chorus of all countries along routes, not solo for China itself.

-- "Belt and Road" and AIIB open initiatives, welcomes partners worldwide.

-- China stands ready to sign friendship treaty with all neighbors.