Cargo ships pass through the Wuhan Junshan Yangtze River Bridge, Central China's Hubei Province, on Saturday. Wuhan, which was hard hit by COVID-19, started lifting outbound travel restrictions on Wednesday after almost 11 weeks of lockdown. China's Ministry of Commerce said on Thursday about 76 percent of domestic key foreign trade companies had resumed work using over 70 percent of capacity. Photo: IC

Central China's Hubei province is stepping up efforts to help the resumption of work for foreign trade enterprises with packaged relief plans. 

Dubbed as a "financial service cabin", it is a platform and working mechanism that includes local levels of government and financial institutes. The aim of the cabin is to find the struggling enterprises and come up with packaged financial rescue plans for them.

As of the end of May, the province has provided financial support worth of 75 billion yuan ($10 billion) to 16,335 companies in 67 cabins.

Currently the first batch of 25 provincial key foreign trade enterprises have entered the cabin and more are expected to join in.

In order to support enterprises to carry out cross-border financing, the Provincial Administration of Foreign Exchange has launched a pilot cross-border financial blockchain platform.

At present, 12 banks have carried out this service to help enterprises carry out export financing. 

The province will also speed up the export of medical materials and special agricultural products. 

In order to cope with the impact of the coronavirus on the export of Hubei agricultural products, Hubei has recently allocated 5 million yuan special funds to support the export of agricultural products.