OREANDA-NEWS. September 11, 2012. During the last few years, ICBC Beijing Branch upholds the national industry policy to contribute to the Beijing's economic development. Financial services to high-tech companies have been taken as one important step of the Branch to re-orient from one business model to another, and achieve disciplined loan growth. Based on this, ICBC Beijing Branch continuously seeks effective approaches and models to upgrade the financial services to high-tech companies in the Park, reported the press-centre of ICBC.

According to the Branch, the first priority is to improve and expand the financial services for the high-tech companies. Zhongguancun Science Park, the first demonstration zone at the state-level, is the most intensive scientific, education and talent resource base in China and enjoys favorable policies from the government. Many high-tech firms clustered in Zhongguancun "One Zone, Ten Parks" are on the road to becoming big players. By joining seminars and activities, ICBC Beijing Branch maintains good relationship with the Zhongguancun government and companies. The Branch continuously seeks to improve management of loan approval, understand and cater to the needs of smaller high-tech firms and existing customers to provide a full range of integrated financial services.

Unique services are also another focus. Examples are: "High-Tech Link" - a new loan product for top high-tech firms in Zhongguancun Science Park, "Government Procurement Link" - a special service designed for small-and-medium enterprises supplying goods to government, and "Collective Trust" - a service for small-and-medium high-tech firms, who are in need of working capital but sensitive to the borrowing cost and lack sufficient collateral to secure the loan.

The next step of ICBC Beijing Branch, according to the executive with the Branch, is to continue embracing innovation to create special financial products and offer excellent services to high-tech companies.