ICBC has been actively boosting operational transformation of bill business by developing bill product line from mechanism establishment, market development and risk prevention. As of December 20, ICBC has provided bill discounting service to more than 26,000 customers, with bills worth nearly RMB 1 trillion, including RMB 400 billion from small and micro enterprises.

To enhance management of bills, ICBC has established a market-based dynamic pricing management mechanism to further strengthen discount market competitiveness. In addition, to consolidate the basis of bill business, ICBC Head Office and branches have worked together to strengthen service links with small and micro enterprise services, which has significantly driven the growth of discount business. 

While serving the real economy, ICBC has adhered to the bottom line of risk by taking various measures to ensure stronger bill risk control capabilities. New features and trends of bill market risk events are closely tracked to strengthen the risk warning of external risk events.Through centralized bill keeping and bill compliance inspection, the risk control has been further enhanced, ensuring compliant and steady growth of bill business. ICBC’s additional bill discounting assets have so far posted no bad assets, and the bill asset quality has maintained a relatively high level.