In recent years, ICBC has continued to support modern agriculture development by innovating financial services for “agriculture, farmers and rural areas” and pushing the growth in supplies and demands of agriculture products for higher quality and efficiency of the agriculture. So far, ICBC has granted loans of as high as around RMB 2 trillion in agriculture-related business. Moreover, it has actively developed “internet+commerce+finance” mode, providing internet financing services for online agricultural materials and product trading enterprises via “e-Buy” e-commerce platform to help promote high-quality agricultural products.

In terms of support for the agricultural product supply, ICBC has established an integrated financial service system serving the entire industrial chain of production, supply and sales of agricultural products. By leveraging its “internet+commerce+finance” mode, ICBC has provided strong support to leading agriculture enterprises and peasant households to produce safe, quality and marketable agricultural products, accelerating the growth of modern agriculture. It provided leading agricultural enterprises such as COFCO Group, Yihai Kerry and Heilongjiang Beidahuang Agriculture Group with integrated financial services including financing, cash management, bond underwriting, financial advisory, bank-enterprise interlink, e-banking, bank card, international settlement and foreign exchange purchase and sale. It assisted these enterprises in improving business operation. Especially with the help of the “e-Buy” e-commerce platform, ICBC delivered internet-based trading service for these enterprises and their upstream and downstream agricultural materials and products, and rendered online financing for upstream and downstream SMEs of core enterprises. ICBC established a financial service system combining package, remote and short-range services to satisfy the financial demands of peasant households. For example, it established an integrated management platform including grain collection and storage as well as comprehensive services for grain collection and storage enterprises and launched a package of value-added services for grain growing peasants, including special settlement, small-value financing and agricultural insurance.

Regarding demands of agricultural products, ICBC established an “internet+consumption+finance” service system to help high-quality agricultural products reach household consumers. Consumers can purchase genuine branded agricultural products such as Qixia Red Fuji apples, Laiyang pears, Dezhou braised chicken and Heilongjiang Wuchang rice in the “e-Buy” e-commerce platform. In the first half of the year, ICBC sold high-quality cherries of RMB 3.5 million for Shandong Qixia in just more than two months via “e-Buy Yantai Cherry Festival”, exceeding the total sales amount of other e-commerce platforms. Meanwhile, in order to facilitate the agricultural product dealers in purchase, ICBC developed “Easy Loan” corporate card by using big data technology, which extended credit by analyzing and integrating authentic transaction details and business data of merchants,, providing funding support for merchants to purchase quality agricultural products on a timely basis.