The chairman of Taiwan's Koumintang (KMT) party resigned Monday following the party's defeat in the island's elections, Taiwan's Central News Agency (CNA) reported.

Eric Chu Li-luan, KMT's outgoing chairman, announced in a report to the party's central standing committee that he would hand over the party's affairs to the acting chairwoman, Huang Ming-hui, CNA reported on Monday.

Chu put his expectations on the next KMT leader, saying that the leader's top priority is to propose a party reform plan.

At the meeting, Chu said Huang will assume his responsibilities and prepare a by-election to select a new chairperson, CNA said.

"The KMT has to establish this kind of tradition; the leader must take responsibility," Chu said, while pledging to take a hard look at himself and the campaign.

"I disappointed you all," he said, adding that "I will never forget that the KMT lost power within my term."

Former KMT spokesman Yang Wei-chung said that the party's reforms should start with the election of a chairperson, Taiwan-based news site udn.com reported on Monday.

Winning the support of young people is one of the party's long-term goals, as Taiwan's younger generation is abandoning the KMT, Tang Shao-cheng, a scholar at the Institute of International Relations of National Chengchi University in Taipei, told the Global Times on Monday.

On Saturday, the elections saw a record-low turnout of 66.27 percent, with the KMT suffering its worst defeat in history. 

Former US Deputy Secretary of State William Burns arrived Sunday and met outgoing Taiwan leader Ma Ying-jeou and his successor Tsai Ing-wen on Monday. Responding to the US envoy's planned Taiwan visit, Chinese foreign ministry spokesman Hong Lei said China had already expressed concern over the visit, the Xinhua News Agency reported on Monday.

"We urge the US side to do more things conducive to the stable development of China-US relations and the peaceful development of relations across the Taiwan Straits, not vice versa," he said.