Governmental institutions currently working on foreign aid include the Department of Foreign Assistance under the Ministry of Commerce.
To supply high-quality educational resources to universities in less-developed areas, China's higher education institutions in 2013 established "WEMOOC," a league now with more than 100 institutional members, including Peking University and Fudan University.
Xi was elected Chinese president by a unanimous vote on Saturday morning during the ongoing session of the 13th National People's Congress, the top legislature.
China will set up an international development cooperation agency, according to the plan on reforming institutions of the State Council unveiled on Tuesday.
Hainan always has been a pioneer in reform and opening-up, with Boao serving as a bridge to the outside world. There are more than 200 important domestic and international conferences held in Boao every year.
President Xi Jinping, also general secretary of the CPC Central Committee, said in a report delivered at the 19th CPC National Congress in October that China will increase aid to developing countries, especially the least-developed countries.