ICBC has successfully granted the first online data-based supply chain loan to a Guangqi Honda dealer based on its Internet technology. It is the first online automotive supply chain loan granted by a commercial bank in China.

According to an official of ICBC, by leveraging its strength in"online data + offline organization", ICBC has accelerated standardization of financing product innovation, continued to upgrade traditional supply chain with information technology, and promote the quality and efficiency of upstream and downstream industries of real economy. Given complicated procedure, low efficiency and difficult risk management of offline financing model of automotive supply chain, ICBC has worked with large auto companies like Guangqi Honda to realize "one-key loan" for dealers through steps including vehicle information online tracking, electronic business background check and automatic system approval, allowing the dealer to directly make the financing application through ICBC online banking simply with the order information data in the system of automobile companies, which has not only elevated the business efficiency, but also improved customer experience.

ICBC is actively expanding the online supply chain financing business, extending it to the industry chain of modern equipment manufacturing, health care and modern agriculture to build an online supply chain financing model incorporating industry chain suppliers, core enterprises, dealers and individual end users.