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"China is deeply impressed with the development of the ASEAN countries during these 50 years and firmly supports the establishment of the China-ASEAN community," Jiang Jianguo, minister of the State Council Information Office of China, said in a keynote speech at the meeting.

"But there is no need to be overly anxious about the risks as China has a deposit insurance plan. By taking measures such as appointing another bank to temporarily manage the bank amid a merger and acquisition process, regulatory authorities will help small and medium-sized banks make a smooth transition of liquidity," he said.

"China is the largest strategic market for AkzoNobel globally. In addition to creating the best value for Chinese customers, we greatly value the realization of sustainable development together with local communities."

"China has played a big role in the past partly because it's part of the emerging market class and therefore it has the responsibility to fill in that gap in terms of being the lender of last resort," Jin said.

"China has most of its marine industries in its coastal areas, and most activities related to marine development and exploitation also occur in these areas," He said.