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China has been making enhanced efforts to stabilize foreign trade and help domestic exporters resume operations while strengthening epidemic prevention, the Ministry of Commerce said on Thursday.

China has more than 4,000 small and medium-sized banks, with total assets of about 77 trillion yuan. These banks have limitations in management capacity, and their targeted clients are usually micro, small and medium-sized enterprises. During the novel coronavirus outbreak this year, small and medium-sized banks were noticeably affected by the pandemic, said Cao Yu, vice-chairman of the China Banking and Insurance Regulatory Commission, at a news conference on April 22.

China had 904 million internet users as of March 2020, with the internet penetration rate reaching 64.5 percent, according to the report.

China has accelerated its financial opening-up since 2017. Foreign securities, fund and futures firms were allowed to hold a maximum 51 percent stake in joint ventures, according to regulations announced in November 2017. The limit was removed on April 1 this year.

China firmly supports the Middle East peace process and the just cause of the Palestinian people to restore their legitimate rights and interests, said Geng.