Since 2015, by leveraging the innovation strength of internet finance and launching pledged loan service with personal financial assets, ICBC has "activated" customers’ unmatured financial assets to meet their consumption demand. From year to date, the Bank has granted self-service loans pledged with personal financial assets totaling over RMB 50 billion, with loan balance of RMB 20.6 billion, up 280% over the beginning of the year. This has addressed the consumption demand of over 300,000 customers for shopping, decoration, wedding, travel & leisure, education & training, culture and sports.

An ICBC official said that self-service loan pledged with personal financial assets is a purely online personal loan service developed with internet technology on the basis of traditional pledged loans. By integrating "consumer + finance + Internet", it realizes self-help services throughout the lending process and T+0 real-time transfer of loan funds, effectively resolves the conflict of maturity restrictions on investment and wealth management, and the randomness of financing and consumption for customers, and allows customers to enjoy high returns from investment and wealth management, and access loans at any time at low costs.

The financial assets that can be used to pledge for self-service loans include T-bonds, term deposits, wealth management products, and Account-based Precious Metals, among which the pledge rate of certificates of deposit and principal-guaranteed wealth management products is up to 90%. Customers can realize automatic loan approval and real-time transfer of loan funds via internet banking and mobile banking; and choose to pay back matured loans with self-owned funds or with collaterals, which effectively meets the consumption and financing demands of customers.