OREANDA-NEWS. July 19, 2011. In a bid to increase the financial support to small enterprises, since January this year ICBC extends its service "tentacles" and supports the start-up and growth of small enterprises while helping the existing ones to loom large. Take the small enterprises in Shenzhen area as an example, reported the press-centre of ICBC.

Under the support of Shenzhen government, ICBC rolled out "Shenzhen-Enterprise Link", a "one-stop" service for small start-ups covering industry and commerce license and capital inspection. "Shenzhen-Enterprise Link" is a perfect unison of public services and financial services. Besides faster company registration and capital inspection, the service also helps small start-ups relieve financial burden. Since the launch of the service in January this year, ICBC has provided the capital inspection service for over 7,000 entrepreneurial enterprises in Shenzhen, around one third of the newly registered companies in Shenzhen city in the same period.

As related, "Shenzhen-Enterprise Link" is a service designed for newly registered companies leveraging ICBC's cutting-edge IT technology platform and extensive network of outlets. ICBC's system is connected to the system of government's company registration authority for exchange of information in real-time and processing of all formalities. In another word, part of the company registration services of the government are now processed through the ICBC outlets. After inspection on the new company's capital, the details are transmitted to the company registration authority in real-time through ICBC system.

Moreover, anytime the company registration authority can look up the capital in the newly registered company's account which has been inspected by ICBC. Meanwhile, ICBC also provide necessary service on capital-inspection and advisory service for the companies, assisting companies in the registration, preparation of necessary application documents. In the end, the capital inspection runs smoothly, with less time spent in review and higher efficiency in the approval.

Apart from this, ICBC launches a range of financial service packages for "Enterprise Link" users. These packages, offering rich service details, convenience and special discount, combine the services of settlement, wealth management, finance and bank card to cater for the needs of newly registered companies in settlement and financial management. Besides, ICBC also grants credit limit to the customer at a certain multiples of the customer's registered capital. The criteria are based on the customer's registered (paid-up) capital, shareholder background and industry prospect. This means "venture loan" to the start-ups and helps emerging small-and-medium enterprises grow.

Since its launch, the service not only generates wide consensus among the corporate clients, but high remarks from the concerned government department as well. Through the "one-stop" service of "Enterprise Link", whether the registered capital of the company credited into account can be checked in real-time. In this case, companies are no longer required to submit capital inspection report during the registration. Besides less registration steps involved, no capital inspection fee incurred. To the small-and-medium enterprises, this means reduced cost, faster company registration, higher efficiency, and less time cost. Every year, there are around 50,000 new companies which translate to a cost saving of nearly RMB 200 million.