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The Industrial and Commercial Bank of China (ICBC) announced Friday that its Internet trading volume topped one trillion yuan by June 18, more than five times the trading volume for the same period last year.
A spokesman for the ICBC said that over recent years the bank had made great efforts in financial electronics construction, and upgraded its Internet banking system four times, adopting state-of-the-art technologies to provide safe, fast and convenient services.
The bank's on-line services included corporate and individual Internet banking, group financing, bank-securities transfers, foreign exchange trading, individual remittance and on-line hypothecated loans.
He said that in the first half of this year, the ICBC had developed more than 11,000 corporate clients for its on-line banking and many large enterprise groups handled their financing through the ICBC's on-line banking. Individual on-line clients increased 580,000 to 1.9 million.
(Xinhua News Agency June 22, 2002)
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