The Chinese Premier has delivered a keynote speech at the opening session of the Boao Forum for Asia, in China's Hainan Province. Li Keqiang is pledging to make the country's financial sector more attractive to foreign investors. It's being seen as a strong message delivered by the government, echoing its consistent stance on opening up and reform, as well as improving the quality of China's economic growth. CGTN's Zou Yun has the details.

Striving for common development through joint actions.

Chinese premier Li Keqiang said at the opening session that since President Xi Jinping announced new measures for China's opening up and reform, the country has made moves to widen market access, improve business environment, expand imports, as well as enhance IPR protection.

With regards to the newly adopted foreign invest law, Premier Li said it's designed for China to establish a world class business environment governed by a sound legal framework. He also said foreign investors' input on related, additional regulations are welcome.

LI KEQIANG CHINESE PREMIER "We will translate the fundamental principles of the legal framework into operational rules that means the Chinese government will move quickly to formulate matching regulations for the effective implementation of the foreign investment law. Work on this front has been launched. The drafting of the matching regulations will be basically completed by the end of this year. So these regulations will come into force together with Foreign Investment Law as 1st, January next year."

Premier Li also stressed that China's opening up will not stop.  

LI KEQIANG CHINESE PREMIER "We will further open up our service sector especially the financial services, full market access for foreign investors to banking, securities, insurance industries is being expedited. We have set the goals of significantly widening the business scope of foreign invested banks, lifting the special restrictions on business scope for securities firms and insurance brokers and significantly easing the market access constrains on credit investigation, credit rating, bank card clearing and non-bank payment services."

During China's annual two sessions of political meetings, Li Keqiang said China's GDP growth target this year is between 6% and 6.5%, triggering discussions and even concerns about a possible economic downturn.

However, Li Keqiang said China's economy has enough resilience, potential and ample room for growth, especially with a huge domestic market and rich human resources.  He said the government is confident of keeping the growth rate within an appropriate range this year, despite risks and challenges.

ZOU YUN BOAO, HAINAN PROVINCE "As a strong supporter of globalization and free trade, China has released many new measures since last year to further opening up and reform. This does not only signal China's promise of further opening up but also show the country's commitment in making its economy shifting towards a more inclusive path. ZY, CGTN, reporting from Boao, Hainan province."