At the end of 2022, ICBC Beijing Branch signed a strategic cooperation agreement on supply chain financial services with Kunlun Digital Technology Co. LTD., a specialized information technology company of CNPC, to support tens of thousands of suppliers and dealers in the upstream and downstream industrial chain of CNPC with technological, digital and financial empowerment. It covers the full trade cycle, the entire industrial chain and the entire financial link of the PetroChina industry chain, and focuses on the innovative digital application scenarios of small-to-medium-sized enterprises and technology startups in the industrial chain, so as to ensure energy supply and stabilize economic growth in the new stage.

At the same time, ICBC Beijing Branch, Kunlun Digital and Kunpay (Kunlun Digital’s professional and technical partner) will further promote their own digital transformation and development to achieve win-win cooperation.

As a specialized information technology company of CNPC, Kunlun Digital Technology is the pioneer and main force of CNPC's digital transformation and intelligent development. Relying on the big data of CNPC's industrial chain and using emerging technologies such as blockchain, Kunlun Digital explores new platform economic models such as network collaboration, personalized customization, service-oriented extension and supply chain finance. Kunlun Digital will help promote the modernization of CNPC's governance system and capacity, and ensure and boost the digital transformation and intelligent development of China’s energy industry and process industries.

At present, relying on the "Kunlun Easy Finance" platform, Kunlun Digital, Kunpay and ICBC Beijing Branch have carried out innovative solutions research and technology implementation of key financial products such as "Contract Financing," "Bill Financing," "Oil Easy Financing" and "Invoice Financing," covering the main links of the front, middle and back end of CNPC's trade chain.