Yongzhou, China – The Industrial and Commercial Bank of China (ICBC) Yongzhou Branch has reinforced its commitment to supporting the real economy by advancing the “Five Major Articles” of finance—technology, green development, inclusive growth, elderly care, and digital transformation. Aligned with national policies and local economic priorities, the bank has optimized credit allocation and resource deployment to bolster regional development.
Technology Finance: Fueling Innovation
ICBC Yongzhou Branch has prioritized financing for tech-driven enterprises, including high-tech firms, specialized “little giant” SMEs, and manufacturing champions. By tailoring financial solutions to different growth stages—start-up, expansion, and maturity—the bank ensures targeted support. As of April, its tech innovation loan portfolio reached 1.434 billion yuan, up 23.1% year-on-year, with loans to national high-tech enterprises surging 40.27% to 735 million yuan. Over 2,370 local tech firms have benefited from these initiatives.
Green Finance: Supporting Sustainable Growth
Embracing China’s “dual carbon” goals, the branch has accelerated green credit for clean energy, eco-friendly infrastructure, and environmental projects. Green loan balances hit 5.736 billion yuan by April, a 25.46% increase, financing key ventures like water conservancy systems and renewable energy projects. This aligns with Yongzhou’s push for low-carbon industrial transformation.
Inclusive Finance: Empowering SMEs
Through partnerships with 11 industrial parks and campaigns like “Thousand Enterprises and Ten Thousand Households Grand Visit,” ICBC has expanded access to microloans. Its “Xiang Credit” platform extended 984 million yuan in credit to 3,583 businesses, while inclusive loans grew by 475 million yuan in 2024. The branch leads state-owned banks in both SME loan volume and value.
Elderly Care Finance: Enhancing Social Welfare
The bank has built a comprehensive pension service system, offering savings, insurance, and wealth management products. Over 202,200 individual pension accounts were opened, and 32 age-friendly financial products launched. Physical upgrades—priority counters, barrier-free access, and assistive tools—improve service for elderly clients.
Digital Finance: Pioneering Smart Solutions
Leveraging ICBC’s tech prowess, the branch has deployed digital platforms like “YongOnline” for smart governance, education, healthcare, and tourism. Innovations include contactless parking at Yongzhou Botanical Garden and robotic process automation (RPA) for hospitals and universities, streamlining operations.
Looking Ahead
As the 14th Five-Year Plan concludes, ICBC Yongzhou Branch vows to deepen its role in Yongzhou’s modernization, aligning financial strategies with municipal goals. “We will integrate our services into the broader economic landscape, ensuring finance acts as a catalyst for progress,” the bank stated.
Related Topics:
