Sou Hu Cai Jing·2025-07-29 02:21Core Insights - The Industrial and Commercial Bank of China (ICBC) launched the first financial infrastructure service plan in the Chinese banking industry in July 2024, aimed at enhancing a secure and efficient financial infrastructure system [1] - ICBC has focused on building a robust and innovative financial service system to support the new development pattern and high-level opening-up [2] - The bank has actively promoted direct financing development and introduced innovative financial tools to support the growth of new productive forces [3] - ICBC is committed to building a convenient and efficient financial network, acting as a connector for market participants and enhancing the service chain [4] - The bank emphasizes maintaining financial stability and has strengthened risk management to support the stable operation of financial infrastructure [5] Group 1: Financial Infrastructure Development - ICBC has positioned itself as a user, service provider, and co-builder of financial infrastructure, accelerating the implementation of its service plan to support high-quality development [1] - The bank has facilitated the use of the Renminbi in cross-border transactions, connecting 37 institutions to the Cross-Border Interbank Payment System (CIPS) and establishing partnerships with over 700 overseas institutional investors [2] - ICBC has played a significant role in the construction of international financial centers, with a settlement volume exceeding 1.7 trillion yuan for the Shanghai-Hong Kong Stock Connect [2] Group 2: Direct Financing and Innovation - ICBC has executed the first securities, fund, and insurance company swap convenience tool (SFISF) bond repurchase transaction in the market and launched the "ICBC Securities Smart Link" service plan [3] - The bank has issued the first batch of technology innovation bonds in the interbank market, contributing to the cultivation of new productive forces [3] Group 3: Financial Network and Connectivity - ICBC has achieved full coverage of five centralized clearing agency services at the Shanghai Clearing House, providing services to over 1,600 trading firms with an annual settlement volume exceeding 170 billion yuan [4] - The bank has established a comprehensive online intelligent bill brokerage platform, connecting over 10,000 ticket-holding enterprises with discount funds amounting to 73 billion yuan [4] Group 4: Risk Management and Stability - ICBC has strengthened its risk management framework, focusing on the security of domestic and foreign currency clearing and financial transaction settlements [5] - The bank has provided risk control technology to over 400 small and medium-sized financial institutions, enhancing the stability of the financial industry [5] - The anti-money laundering service platform "Rong An e-Control" has served over 40 peer clients, ensuring security for more than 5.7 billion customers and processing over 150 million transactions daily [5]