Chinese Premier Li Keqiang urged on Tuesday a healthy development of the country's capital market through reforms and innovation. The premier made the call at an executive meeting of the State Council.

He stressed the importance of further opening up China's capital markets and promoting reforms in the registration system for the country's stock issuance.

Premier Li also said the bond markets shall be regulated with diversified bonds for different investors and stricter credit supervision and management, while the futures market will see more bulk commodity futures and further development of treasury bond futures.

China also plans to foster the private equity market by cancelling administrative approvals for legal and qualified private offerings.

The premier also urged easier access for intermediaries and professional investors and a smooth path for internet finance.