ICBC has comprehensively upgraded its services in inclusive finance and strived to double its inclusive loans in three years.

China Industrial and Commercial Bank announced on the 26th that it will upgrade its services in inclusive finance in an all-round way, and strive to increase inclusive loans by more than 30% annually and double them in three years, so as to give full play to the "head geese" effect of big banks.

Yi Huiman, chairman of ICBC, said that small and micro enterprises are an important source of promoting economic growth, employment and innovation. Financial institutions' services to small and micro enterprises are not limited to financing, but provide services of whole process, whole product and whole life cycle. At present, the financing difficulties and expensive financing problems faced by small and micro enterprises are complex and diverse, which require comprehensive policies and sustained efforts.

Accordingly, ICBC announced that it will upgrade its services in inclusive finance in an all-round way, further build an inclusive financial system with "wide coverage, multi-level, high efficiency and sustainability", promote the increment, expansion and parity of microfinance, and strive to invest more than one-third of the company's loans in inclusive finance in the next three years, with an annual increase of more than 30%, and double the inclusive loans in the next three years.

On the same day, ICBC launched its micro-loan service platform for inclusive finance, which provides convenient functions such as account opening, wealth management and wealth management through online and offline integration. At the same time, around the growth cycle of small and micro enterprises, ICBC launched online financing products including pure credit "fast business loan", mortgage and pledge "online loan link" and "online supply chain".

Yi Huiman believes that the biggest cost of small and micro loans is the risk cost. At present, the average non-performing rate of small and micro loans is 2.75%, which is 1.7 percentage points higher than that of large enterprises, and the non-performing rate of small and micro loans with a single credit of less than 5 million is even higher. Therefore, the core of developing inclusive finance is to improve the risk management and control ability, which is the professional advantage and housekeeping skill that commercial banks should have.

In the next step, ICBC will work hard on the word "specialization" to build a franchise and strengthen professional services; Promote development according to local conditions and classified policies; Increase investment in human resources, finance, credit and other resources, strengthen positive incentives and guidance, and stimulate inclusive finance's endogenous development momentum.