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"Chinese fintech companies have been expanding overseas," said Joe Ngai, senior partner at consultants McKinsey & Co, noting the country's increasing influence in the sector.

"China stands ready to firmly deepen the bilateral comprehensive strategic partnership of coordination and safeguard each other's interests and common interests against the backdrop of complicated and volatile international situations," Li said.

"China's Q1 current account surplus was considerably higher than the quarterly average for the second half of last year," said Wang.

"Confronted with major challenges to public health, no country can stand alone, nor be almighty," said Xing, who urged the international community to work together in the fight against COVID-19.

"Cutting fees is just as important as cutting taxes. But because there is a lot of flexibility with fees, some companies may work on finding loopholes to help them avoid paying. Yet by doing so they are also paying the cost of taking a risk," he said.