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Analysts said under such circumstances China, which has been BMW's largest market for years, will appear even more important for the carmaker.

Andrew Mattock, a portfolio manager at Matthews Asia who manages the firm's China strategy, said US-listed China stocks were down on average more than 30 percent at the end of 2018.

Analysts are not as confident as Xu about the company's plans.

Analysts expect the central bank to maintain a certain amount of open market operations to ease a quarter-end liquidity strain.

Analysts said the purchase is in line with the recent trend of Chinese companies in the electric power sector, seeking to diversify their earnings by investing abroad, and Australia's energy sector will continue to attract China utilities.