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China will also ease entry into such fields as insurance, banking, securities, fund management and futures and financial asset management, and will further simplify procedures for doing business for foreign businesses, the premier added. The foreign investment approval system will give way to negative list management, he said.

China will advance the integration of platforms for public resources transactions to enable more efficient allocation and better oversight, according to a guideline published on Wednesday.

China is willing to jointly uphold rules-based free trade and promote regional and global peace and development together with Singapore, he added.

China should reject the development model that damages and even destroys the environment and reject practices that boost short-term economic growth at the cost of the environment, he said.

China launched the crude oil futures trading, which is open to overseas investors, in March 2018.