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Another project on which Huawei Algeria is working is deployment of infrastructure networks in the country, he said.

Another 15 light industry clusters will be developed while three green and smart ones will be nurtured, according to the CNLIC.

Ant, with 33 percent owned by e-commerce guru Alibaba Group, announced a concurrent IPO plan last month and since then has kicked off a process for what's likely to be the largest fundraising in global finance.

Apart from the facilitation of trade, the bank is focused on payments and connecting treasury services if a Chinese corporate wants to establish offices in multiple ASEAN countries. It can also advise Chinese companies on regulation and economic opportunities based on its experience in major ASEAN economies and a broad network of 200 branches in the region.

Ant Financial is the world's largest third-party payments platform. JD Finance uses its e-commerce expertise to provide finance across seven business areas, including consumer finance, crowdfunding and payment services. Du Xiaoman Financial provides short-term loan and investment services.