The annual conference of the Boao Forum for Asia (BFA) kicked off on Thursday in China's Boao town, southern Hainan Province, where Chinese President Xi Jinping will deliver keynote speech on "Asia's New Future: Towards a Community of Common Destiny" on Saturday.

The following are big talking points arranged in alphabetical order compiled by Xinhua.

A|AIIB

The China-proposed Asian Infrastructure Investment Bank (AIIB) braces for a pivot point on March 31, the application deadline for prospective founding members. Already, western countries including Britain, Germany, France and Italy expressed willingness to be a part of it. The bank currently has 27 founding members and expects more to join.

The AIIB aims to facilitate infrastructure investment in Asia and will be complementary to established multilateral banks.

B|Boao

Boao, a semi-fishing and semi-farming town, is the permanent venue for BFA conference and has become an Asian version of "Davos". Meetings and dialogues on Asia's development are held there every spring.

The BFA, formally inaugurated on February 27, 2001, is the first Asia-led forum to promote and deepen the economic exchange and cooperation within the region and between Asia and other parts of the world.

C|Community of Common Destiny

The theme of the annual conference in 2015 is "Asia's New Future: Towards a Community of Common Destiny" , voicing a shared desire of Asian economies embrace common prosperity by putting aside disputes and making joint efforts amid economic hardships.

The forum will discuss how to intensify cooperation in multiple fields to face challenges and tap opportunities, prompting Asia to thrive in the new future.

D|Diplomacy

The BFA's 2015 annual conference will be a grand stage for diplomacy. So far, 15 foreign government leaders have confirmed attendance to the conference including non-Asian countries Armenia, Austria, Netherlands, Russia, Tanzania and Zambia.

During the period, China' s bilateral and multilateral diplomatic activities deserve close attention.

E|Entrepreneurs

The forum has attracted more than two fifths of the Fortune 500 companies, with executives attending to talk about entrepreneurship, innovation and creativity. A series of CEO dialogues will be held between Chinese enterprises and their counterparts from Australia, the United States, the European Union and Japan respectively.

F|Financial policy

Topics on finance and policies including "the next financial crisis", shadow banking and new forces in multilateral financial organizations will be highlights.

Zhou Xiaochuan, governor of the People's Bank of China, Joachim Nagel, member of the Executive Board of the Deutsche Bundesbank, and Carlos Gutierrez, former Secretary of Commerce, will discuss monetary policy and world economic outlook.

G|Global governance

Global governance will be a hot topic at the forum. China's Finance Minister, Lou Jiwei will discuss with heads of the International Monetary Funds, World Bank and the Organization for Economic Co-operation and Development to make G20 better play its role in global economic governance.

H|Housing market

The property sector drove China's economic growth in the past decade but faces increasing risk as investment chills. With property taxes in the pipeline and a national registration system soon in place, speculative capital is leaving the scene. Where is the sector heading? Officials, experts and developers will tell you.

I|Innovation

Innovation and technology will be another hot topic this time. Bill Gates, Co-chair of Bill & Melinda Gates Foundation, Elon Musk, CEO of Tesla Motors and Robin Li, CEO of Baidu will discuss the significance of innovation for a sustainable future. Dialogues on big data, wearable devices, e-commerce, artificial intelligence, 3D printing and new energy vehicles are also expected.

J|Judiciary

It is the first time that judiciary becomes a part of the forum. China's Chief Justice Zhou Qiang will attend the BRICS's Chief Justices Dialogue on pollution control.

K|Knowledge

The conference this year contains more than 70 dialogues on nearly all major topics. The BFA has published Progress of Asian Economic Integration Annual Report, Asian Competitiveness Annual Report and Development of Emerging Economies Annual Report.

The BFA will release the 2015 Asian Economy Forward-looking Indicator on Friday, with two other reports on rural finance and Internet finance expected.

L|Leaders

Record number of government leaders will attend the BFA annual conference this year. But magnates of other fields will share their spotlight. Among them are Bill Gates, Ratan Tata, Chairman Emeritus of Tata Sons Ltd., Li Yang, vice president of China Academy of Social Sciences, Jeffrey Sachs, director of the Earth Institute at Columbia University, Ming-Chu Fung, president of Taipei Palace Museum, and Thomas Friedman, author of The World is Flat.

M|Miracle

Asia never lacks miracles. From the East Asian Miracle to China's stunning growth, the regions awed the world in recent 30 years. Whether the miracles can last is closely watched by the world. Justin Yifu Lin, witness of the development and renowned economist, will address on the topic at the conference.

N|New normal

Buzz word "new normal" has become a widely-recognized description for China's policy making and economic outlook amid slowing global recovery.

As the world's second largest economy, largest exporter and the third largest global investor, China's move in this new period will bring significant changes to the world. The forum will serve as a window to show the new term to the world.