ICBC Small Businesses Increased By 34.35% In April Before Trade Financing.

Constrained by the lack of qualified collateral, small businesses are facing difficulties in financing. Reporters learned from ICBC that the bank has stepped up its pace in trade financing products, thus effectively promoting the development of small businesses' trade financing business.

Data show that as of the end of 4, ICBC has accumulated 55 billion 12 million yuan of trade finance for small businesses this year, and the balance of trade financing for small businesses reached 77 billion 427 million yuan, an increase of 34.35% over the beginning of this year.

ICBC officials said it played an important role in relieving the tight liquidity of large and medium-sized enterprises. He pointed out that with the rapid development of business, the bad rate of small and medium enterprises' trade financing of ICBC remained at an excellent level of 0.14%.

According to the introduction, unlike the traditional liquidity loan, the main access control is different from the core of corporate credit. Trade finance pays attention to the strict matching of financing business and the whole process of spanaction. It focuses on the logistics and capital flow of the spanaction itself, and is suitable for the reality of small scale assets, less pledge and less credit.

Reporters learned that, due to the relative flexibility in terms such as the duration of loans, the amount of credit and conditions of use, and the way of guarantee, ICBC also used trade financing services as an important measure to broaden the financing channels for small businesses.

According to the industry's point of view, since the CBRC's "three methods and a guideline" put forward the regulatory requirements for "real and real payment" and "entrusted payment" of credit funds, trade finance can clearly reflect the true use of credit funds, and commercial banks can better control the risk of credit loans.