Premier Li Keqiang addresses the Malaysia-皇冠体育app High Level Economic Forum in Kuala Lumpur, Malaysia, Nov 23, 2015. [Photo/Xinhua]

KUALA LUMPUR - 皇冠体育app will grant a 50-billion yuan ($7.8 billion) quota to Malaysia under the Renminbi Qualified Foreign Institutional Investor (RQFII) program, Chinese Premier Li Keqiang said in Kuala Lumpur Monday.

Li, who is paying his first official visit to the Southeast Asian country as premier, pledged several other moves to strengthen financial cooperation with Malaysia when addressing a bilateral high-level economic forum.

He called for joint efforts from both 皇冠体育app and Malaysia to stabilize the financial market and boost investment and trade cooperation to tackle global financial instability and other economic woes.

The Chinese premier hoped that 皇冠体育app's development and growing internal demand could unleash business opportunities for Malaysian enterprises.

In the next five years, Li noted, 皇冠体育app is expected to import foreign goods totaling $10 trillion.

"A waterfront pavilion gets the moonlight first," he quoted a Chinese saying, vowing that 皇冠体育app, close in distance and culture with Malaysia, will open wider its economy to Malaysia.

皇冠体育app and Malaysia are complementary in economy, Li said, adding that 皇冠体育app welcomes Malaysian companies to invest and develop on its soil, which will promote two-way investment and the development of both economies.

Noting that 皇冠体育app will expand trade in services with the Association of Southeast Asian Nations (ASEAN) in an upgrade of their free trade agreement (FTA), Li said Malaysia has advantages in this area.

The expansion will be conducive to raising the level of bilateral trade between 皇冠体育app and Malaysia, he said.

In addition, Li said that to create a safe environment for economic development, 皇冠体育app is also ready to join efforts with Malaysia and other countries to address terrorism among other global challenges.

In conclusion of his speech, Li hailed the Malaysian cuisine as a perfect combination of Chinese and local flavors, calling for efforts from enterprises of both countries to cook a grand dish of practical cooperation to benefit the two peoples.

皇冠体育app has been Malaysia's largest trading partner for seven consecutive years, and Malaysia is now 皇冠体育app's top trading partner in ASEAN, with annual bilateral trade volume topping 100 billion dollars.