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Hung also said that she hopes both parties continue to uphold the 1992 Consensus, further strengthen mutual trust and cooperation, and push forward the innovation of exchange platforms.

The premier also vowed that China is capable of preventing regional and systemic financial risks. He noted that most of China's big commercial banks are state-owned. The government's debt ratio, especially that of the central government is comparatively low while the people's saving rate is comparatively high. The central government could support banks to maintain the capital adequacy ratio at a relatively high level by market means. The central bank also has many tools to prevent financial risks.

Companies should improve their products' quality and make more high value-added products, he said.

The officials punished last month were implicated in 2,263 cases, 541 of which involved unauthorized allowances and subsidies, the CPC Central Commission for Discipline Inspection (CCDI) said in a report on its website.

While things may not look good, we must not lose confidence. The truth is, Asia has emerged only stronger from the two previous financial crises. Quite many Asian countries have become much more experienced as to how to beef up the real economy and fend off financial risks. Regional cooperation in Asia has also delivered fruitful results. Last year, growth in Asia was still faster than the global average. Asia's share in the global economy further increased, and Asia contributed to about one third of global trade. This part of the world has remained one of the most dynamic globally.