Industrial and Commercial Bank of China, resolutely implementing decisions and deployment made by the CPC Central Committee and the State Council, opened a green channel to improve its service efficiency and guarantee the smooth operations of financial services, on top of preventing and controlling the spread of the novel coronavirus-related pneumonia. By January 26, the bank had provided RMB1.6 billion in loan via its green channel to enterprises battling against the epidemic.
In view of the urgent funds demand of pharmaceuticals, medical equipment, and medical institutions, ICBC acted promptly to provide professional and efficient services to the production, transportation, reservation, and delivery of medical supplies, by making special service plan, opening green approval channel, granting special credit line, offering prime rates, and so on.
For instance, ICBC, in prompt response to the funds demand of Sinopharm Hubei, completed approval process in merely one day, injecting RMB100 million of working capital loan into the company to support its reservation and supply of emergency materials. So far, the bank had provided nearly RMB800 million in financing to the company. To North China Pharmaceutical Group and Shijiazhuang No.4 Pharmaceutical, ICBC granted a RMB386 million loan and a RMB100 million loan respectively. To Shandong Weigao Group, it offered a RMB300 million emergency loan. In addition, ICBC gave powerful funds support to pharmaceuticals and medical institutions in Jilin by rapidly meeting their lending demand of more than RMB300 million.
In the meantime, ICBC also strives to guarantee cash allocation, rapidly transferring more than RMB20 million in cash to safeguard the orderly operations of traffic & transportation sector, hospitals, etc..