As of the end of September 2016, ICBC’s outstanding loans to small and micro-sized enterprises reached RMB 2016.7 billion, up by 8.5% over the same period last year, becoming the first domestic commercial bank exceeding RMB 2 trillion in this regard. The growth rate of loans, number of customers and loan acquisition rates are all higher than the average of the Bank’s corporate loans.

In recent years, ICBC has continued to see small and micro-sized enterprise as a strategic, fundamental and core business, and play the leading role as a large bank in serving small and micro-sized enterprises by driving innovation of financial products and services.

Firstly, ICBC has accelerated deployment of special financial service institutions for small and micro-sized enterprises, implemented one-stop loan processing, and improved financing efficiency and professional service. By the end of September, ICBC had set up 179 small and micro-sized enterprise finance business centers in prefecture-level and county-level cities. With outstanding loans of over RMB 280 billion, these centers have provided financial support to 34,000 micro and small customers, with the loan growth and non-performing rate staying at a positive level.

Secondly, ICBC has established a risk control model that adapts to small and micro-sized enterprises’ credit risk. Relying on big data and information technology, ICBC integrates various types of information to strengthen monitoring of enterprises’ capital flow, information flow, and logistics, enhance team building of credit loan experts, which innovates the methods of understanding enterprises’ business condition and managing actual risk. The rate of non-performing loans granted since the beginning of this year is below 0.5%.

Thirdly, by working with local governments, ICBC is committed to creating a good environment for the development of small and micro-sized enterprises. ICBC’s institutions at all levels closely follow the policies and measures issued by local governments for the development of small and micro-sized enterprises and strengthen cooperation with the governments, providing financing support to small and micro customers with strong growth potential but insufficient collateral. The “Bank and Government Pass” launched by ICBC has offered an outstanding financing amount of RMB 5 billion in less than a year, with services covering 16 provinces.

Fourthly, ICBC has been accelerating innovation of credit product system and services for small and micro-sized enterprises. ICBC is promoting the use of Internet technology for standardized modification of small and micro-credit businesses and Internet-based revolving loan products, so that the immediate loan services of "borrow at any time, repay at any time" will benefit more small and micro-sized enterprises. As of the end of September, ICBC's outstanding Internet financing amount for small and micro-sized enterprises has exceeded RMB 220 billion, ranking number one in China. The Bank has launched medium and long-term loan products such as operating property loans and standard factory mortgage loans, with the financing period up to 5-10 years. This meets the demand of small and micro-sized enterprises for fixed asset investment and "short-term loans for long-term use". As of the end of September the outstanding amount of this kind of financing has reached RMB18.5 billion. In improving loan guarantees, ICBC accepts flexible guarantees such venture fund, IPR pledge, and equity pledge and other financing methods by launching the "Small and Micro-sized Enterprise Venture Pass", "Technology Pass" and other venture financing products. In Jiangsu Province, the "Small and Micro-sized Enterprise Venture Pass" has provided financing worth over RMB10 billion for 2800 small and micro-sized enterprises that have light assets, no guarantee and insufficient funds,. In Beijing, "ICBC Venus" services cover over 30 financial products including loans, settlement, and investment banking, which meet the life-cycle financial demand of many IT companies throughout start-up, growth, maturity and listing.