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"China's new car market went through exponential growth. It's the biggest new car market in the world," said Emma Butcher, SMMT's head of communications, in an interview with Xinhua.

"Compared with large State-owned commercial banks and national joint-stock commercial lenders, city and rural commercial banks, also known as small and medium-sized banks, are weaker in terms of the capital adequacy ratio. They also demonstrated significant regional differences in their interim results. Some of them are financially stable, whereas some are facing major risk exposures," said Michael Hu, PwC China financial services partner.

"China still has sufficient policy tools to handle possible shocks," Zhang said at the China Finance 40 Qujiang Forum in Xi'an, Shaanxi province, on Saturday.

"Customers can choose different packages at the price of 6,800, 12,800 or 21,800 yuan (,100/,000/,470), based on their financial situation," he said.

"Collecting donations was tough," she said.