Interbank currency market may open to foreign central banks

"China is still a dominant part of the world economy. Therefore it should also have its fair share as a reserve currency, a trade currency and an investment currency," he said.

In the speech, the premier called for foreign direct investment to play a key role in China's economic development.

"The nation will continue to lower the market access threshold for foreign direct investment," he said, adding that the goal was to make the country the most attractive FDI destination in the world.

According to the premier, more sources of capital, including foreign capital and private capital, need to flow into the real economy to stabilize economic growth. Risk management needs to be improved to prevent regional and systemic financial crisis, Li said.