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The financing business between ICBC and securities companies mainly includes inter-bank borrowing/lending, stock-pledged loans and bond repo etc.
1. Fund borrowing/lending. ICBC offers unsecured fund lending services to securities companies in the inter-bank market.
2. Stock-pledged loans to securities companies. Securities companies get fund from commercial banks by pledging their proprietary stocks, securities investment funds and convertible bonds issued by listed companies with banks.
3. Bond repo. Securities companies borrow funds from ICBC by providing exchange-traded bonds as the guarantee.
4. Bonds borrowing/lending. Securities companies may borrow bonds from the Bank by pledging a certain amount of bonds.
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