(Yicai Global) July 28 -- China has earmarked CNY3 billion (USD463.43 million) to support flood control and disaster recovery in the central province of Henan, the Ministry of Finance said yesterday.

The central financial reserve allocated the funds, which would also go towards post-disaster reconstruction, the ministry said on its website.

More financial support will be provided based on verification results of the disaster, the ministry said.

The ministry urged the local government to allocate the funds in time and do a quality job in flood recovery.

The death toll from torrential rain in Henan has risen to 71 as of yesterday noon, said the information office of the provincial government at a press conference yesterday.