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Chinese shares crashed last summer, ending a rampant market boosted by margin financing, partly blamed on poor coordination between various regulators.

He also called for the authorities to crack down on insider trading and establish a market stability fund. "The government should overhaul the financial market in the way it fights corruption," he said.

Noting that the growth of an already large-scale agricultural sector in China is hindered by insufficient innovation, China Agricultural University president Ke Bingsheng proposed innovative concepts in response.

The current subsidy policy should shift from direct subsidy on agricultural products to farmland. Specifically, the change should be made to new agricultural entities like family farms and modern agricultural enterprises, said Ke.

Ke also called for better innovation in technologies such as biotechnology, information technology and equipment technology in agriculture.

Xie Zhenhua, China's special representative on climate change, meanwhile elaborated on how the country should go green.

China should formulate and publish a low-carbon development strategy for the years leading up to 2050 as soon as possible, he said, adding that legislation aimed to counter climate change should be accelerated.

He also said South-South cooperation in the field should be strengthened.