OREANDA-NEWS. November 21, 2012. A new ICBC service will be launched for customers to buy savings T-bond (electronic) online besides at ICBC outlets. Those who wish to buy can easily subscribe savings T-bond (electronic) via Internet Banking from the comfort of office or home Customers have more choices to buy without visiting a branch, reported the press-centre of ICBC.

As related by an ICBC executive, it's simple to buy savings T-bond (electronic) online. During offering period, just login ICBC Personal Internet Banking, go to "Online Bond" -"Savings T-bond (Electronic)" and proceed. Follow the system instructions to open an account and buy. If you have opened T-bond custody account in ICBC, make sure your bank account for bond custody A/C has signed up Internet Banking at ICBC counter. After that, you can buy savings T-bond directly via Internet Banking, no need to open account again.

Savings T-bonds (electronic) are non-negotiable RMB bonds issued by Ministry of Finance of the People's Republic of China and sold to individuals by underwriting members. The debt owed to the holder of the bond is recorded electronically. For years saving T-bonds are warmly welcomed by retail investors due to their high credit rating and stable return.

ICBC is one of the earliest banks in China to sell savings T-bonds (electronic), sitting on top of the league table since the launch of first tranche in 2006. In August this year, ICBC was certified by Ministry of Finance and People's Bank of China as one of the first three underwriting members in a pilot scheme to sell savings T-bonds (electronic) via Internet Banking.