Banks factoring China 10-02-2004 Foreign banks licenced for yuan transactions, one to start factoring Chinese financial authorities granted licences to four foreign banks on Friday, allowing them to carry out transactions in yuan directly with Chinese firms. Receiving the licences were the Shanghai branches… Sign in or Upgrade to Continue Reading This news article is over 10 days old. Subscribe today to access all articles with an annual subscription. Become a member Learn more Already a subscriber? Log in here #bank#banks