Premier Li Keqiang promoted the establishment of a stock trading link program that will allow Hong Kong and Shenzhen investors to buy and sell shares on each other's bourse on Monday.
Li made the comments during an inspection tour in Shenzhen, Guangdong province, according to Shenzhen Special Zone Daily's Weibo account, a Twitter-like service.
The proposed program is a step followed after the State Council has green lighted in April the Shanghai-Hong Kong Stock Connect program- which was launched in November and aimed at linking up the stock exchanges of Hong Kong and Shanghai.
The premier also put forward his expectations concerning the future development of Shenzhen when meeting the local government officials.
Shenzhen should continue to be the pilot zone of China's reform and opening up, Li said, adding that the city must follow the path of innovation.
He also noted that Shenzhen should strive to be a model city featuring inclusiveness.
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