ABFA education programme enrols first China student

The Asset Based Finance Association (ABFA) registered their first Chinese student today.Yang Yuerong of the Shanghai Pudong Development Bank has registered for the intermediate course on factoring, the Certificate Course, which focuses on all aspects of factoring, invoice discounting and other ABL products.

Banks need flexibility to satisfy SMEs

The increasing financial needs of small and medium-sized enterprises (SMEs) in China mean that financial institutions must be more innovative to support their development, a survey showed.

Bad debts getting worse

The Chinese news source China Daily has recently reported an increase in the number of claims from US companies against Chinese debtors.