Date
24 October 2017

ICBC fast-track lending product gets good response, paper says

A fast-track lending product of Industrial & Commercial Bank of China (601398.CN; 01398.HK) has been received well by the market, China Business News reported Friday, citing the lender. As of end-December, the bank had extended 4.9 billion yuan of loans via the “easy to borrow” product since its launch in September, the report said. The product targets online shoppers or consumers who pay bills by card. 

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KZ/AC/RC

 

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