Chinese cross-border e-commerce marketplace DHgate.com and Ping An Bank have announced their program “Hui Kuan Bao” which they report as a merger between internet finance and supply chain finance.
China-based company CreditEase has announced that it has rolled out a new fintech platform, YiQiFin, to provide supply chain financing to small businesses in the nation
FCI has reported that one of its members in China, Ping An Bank (PAB), has developed “Factoring Cloud” which FCI believes is probably the first of its kind in the world
Wowo Ltd has announced that it plans to form a supply chain finance company, adding it has already recruited a team to develop the business and start trial operations
The People's Bank of China has announced that it is moving to boost its domestic factoring industry with new policies that will encourage commercial banks to lend more to small and medium enterprises that use receivables as collateral
Afreximbank has announced that it has partnered with the Export-Import Bank of China and they have signed a cooperation agreement to create a $1bn China-Africa Investment and Industrialization Programme to facilitate the construction and creation of industrial parks and special economic zones on the continent
