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In H1 2016, ICBC has been positively adapted to new demands arising from economic transformation and upgrading as well as supply-side structural reform by improving credit and non-credit integrated services to help enterprises cut cost and de-leverage through direct financing. Statistics showed that ICBC's non-credit financing amount of bond underwriting, assets trading, financial leasing and entrusted loan totaled at RMB 713.7 billion in H1 2016, seven times the new corporate loans during the same period.
According to ICBC, as China's financial market deepens and corporate financial demands become increasingly diversified, the Bank has innovated service integration covering credit + non-credit, equity + debt, on balance sheet + off balance sheet, domestic + overseas services, supporting a large number of key national projects. Meanwhile, for...