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"By July, around 2.1 million patients have used that direct payment service with total transactions of 17.5 billion yuan (.5 billion) in medical expenses," Xia said.

"But there is no need to be overanxious about the risks as China has a deposit insurance scheme. By taking measures, such as appointing another bank to temporarily manage the bank which undergoes the mergers and acquisitions process, regulatory authorities will help small and medium-sized banks make a smooth transition of liquidity," he said.

"COVID-19 is not a Chinese virus, as the Spanish flu was not Spanish," he tweeted. "We all face a massive threat that requires global cooperation and all of us working hand in hand."

"China is committed to promoting the financial sector's opening-up, including lifting the equity cap for foreign financial institutions and providing a level playing field for domestic and foreign financial institutions," Yi said.

"China has over the years made unremitting efforts and played a unique role in promoting a negotiated solution of the issue," said Wang, adding that "it was through China's efforts and the support of all parties that the Three-Party Talks on the Peninsula nuclear issue was expanded to the Six-Party Talks."