China

The third factoring pilot is launched in Binhai New Area.

Suning Tesco offers suppliers two types of loans.

Factoring pilots will be extended to economically advanced provinces and cities.

Chinese shadow banking industry provides almost half of all new credits, FT reports. Chinese shadow banking industry accounts for almost half of all new credits, according to the estimates published today by the Financial Times (FT).

Three e-commerce giants Suning ,Alibaba and 360buy are all preparing for competition in 2012 in the financial sector.

PICC Property Casualty Co. is set to challenge the China Export Credit Insurance Corp. s (Sinosure) monopoly in the short-term export credit insurance business after becoming the first insurer to secure the Finance Ministry s approval to provide short-term export credit insurance from 1 January 2013, according to local media reports.

ICBC presents first report on its electronic supply chain finance programme.

GE Universal Financial group has opened a factoring company in the Tianjin Binhai New Area.

 

As export factoring continues to thrive in the Asia Pacific region, China Minsheng Banking Corporation Ltd, provide Factorscan with their analysis of receivables finance in China in the year ahead…

Eight new factors have received licences for operations in Shanghai's Pudong New Area.