ICBC has stepped up efforts in innovating financial products and services by focusing on China’s strategic plan on the integrated development of the Beijing-Tianjin-Hebei region. It actively caters to the financial service needs of the industries and projects in the integrated development and strives to provide diversified, all-inclusive and in-depth financial services.

ICBC has developed a regional credit policy for based on actual needs of integrating industries and upgrading economic structure in the region. Credit resources would be allocated in favor of the region, and six areas were specified as the focus of credit resource allocation, including transport integration, industry transfer, clean energy, culture and tourism, medical care and education and housing, to ensure the financing needs of key areas, key segments and key projects can be properly met. In addition, ICBC has set up a reserve of major projects in the integrated development of the Beijing-Tianjin-Hebei region and exercised list-based dynamic management of major projects. Over 200 major projects are listed in the reserve, among which ICBC has granted more than RMB 10 billion loans to over 50 projects.

ICBC has established a steering group at the Head Office for the integrated development of the Beijing-Tianjin-Hebei region. Beijing Branch, Tianjin Branch and Hebei Branch have also set up work teams and implemented centralized planning, organizing, marketing, policy-making and management for cross-regional projects. The three branches have also established a regular communication mechanism to push forward major cooperation projects and cross-regional infrastructure construction, coordinate regional element markets and facilitate investment and trade.