As the largest developing country in the world, China owns a hyper-scale market that’s constantly upgrading, said Premier Li Keqiang during the seventh China-Japan-Republic of Korea (ROK) Business Summit in Chengdu, Southwest China's Sichuan province, on Dec 24.

Premier Li added that demands for quality merchandises and services from nearly 1.4 trillion Chinese people have been growing fast, among which needs for elderly care, nursery and healthcare services are urgent.

Meanwhile, China is opening up further in finance sector. The restrictions on foreign ownership of securities, futures, fund and life insurance companies will be lifted in 2020, one year earlier than previously planned, Premier Li pointed out.

The Premier said ROK and Japanese enterprises have outstanding advantages in these fields, for which they are welcome to come to China for cooperation in modern service and finance sectors.

He added this will help the three countries jointly deal with challenges such as aging problems, hygiene and healthcare and financial stability, as well as help complement each other’s needs and share advantages amid the goal to prosper together.