OREANDA-NEWS. December 19, 2012. In response to national policy of building subsidized housing for low-income families and improving people's livelihood in Beijing, ICBC Beijing Branch fully supports "Comfortable Housing Project" in Beijing by providing mortgage loans to home buyers. Since 2010, the Branch has provided over RMB 150 million in mortgage loans to 1000+ buyers of affordable houses, houses with lower prices and limited areas under 9 housing projects.

Under a philosophy of putting "customers at all else" and lending full support to low-income housing projects in Beijing, ICBC Beijing Branch designs innovative financial products and services to attract home buyers to get mortgage loans and meet the specific needs of customers through impeccable services. A low-income housing project in Chaoyang District is a case in point. Located in the northeast suburb of Beijing, this is a key project of Beijing Government to serve the Beijingers. More than 4,500 low-income families will move into their new houses when the project completes. ICBC Beijing Branch, being one of the banking partners to provide mortgage loans for the home buyers, will provide mortgage loans for qualified low-income families to stay happily in their new home, a dream of theirs finally coming true.

In risk control, ICBC Beijing Branch strictly abides by the laws and regulations to carry out thorough checking on the borrowers. No mortgage loan will be released to unqualified home buyers. Besides, the Branch draws upon post-loan management experience, follows up the progress and focuses on existing data once loans are released. The aim is to control risks in line with the features and patterns of these loans.

In order for all customers to enjoy fast and convenient financial service, ICBC Beijing Branch sends staff to answer questions from home buyers at the locations of the housing projects. After due consideration on the compliance and loan safety, simplified procedures and steps are lined up for home applicants to enjoy highly efficient financial services of ICBC. ICBC Beijing Branch also assigns a special "Green Pass" for fast approval of loans to borrowers.