Recently, Industrial and Commercial Bank of China Limited announced that its "Client Information Integration Solution" (the "CIIS system") had rejected refinancing requests from 10,417 poor-credit clients and refused altogether RMB 1.308 billion loan applications in bad faith with the largest single-loan request of RMB 50 million from its launch on September 23rd 2004 to January 31st this year. During the same period, ICBC has reclaimed, through the CIIS system, 2588 units of overdue loans with an amount of RMB 43,395,800 from poor-credit clients.

The news spokesperson from ICBC introduced that the CIIS system is a bank-wide integrated information system taking advantage of computer technology and is built on bad-credit client information automatically collected from all relevant bank departments. The system is set up to furnish basis for bank's evaluation on client credit standing and to trigger alarms on refinancing requests from poor-credit clients. The CIIS system enables ICBC to share information on poor-credit clients across sectors and regions and therefore reinforces its ability in tackling with credit risks.

Furthermore, ICBC has been perfecting its CIIS system during practical operations. Since the launch of the Phase-II of the system in December 2005, the system has been built for broader information sources, higher updated frequency, and stronger system functions. The system has also sets up a classification for poor-credit clients that dramatically increased the daily average loan rejection both in units and in amount. Since the launch of the Phase-II CIIS system, it has on average rejected 108 loans or RMB 14,340,800 per day, which is 4.9 times and 5.3 times as that of the Phase-I which daily rejected on average 22 units and RMB 2,667,400 respectively. In January this year, ICBC has refused a total of 2066 loans worth a total of RMB 283 million including loan rejection of RMB 143 million from corporate body applicants, accounting for 45% of the total rejections. The CIIS system is playing an increasingly important role in the control and prevention of credit risks from corporate body clients.