China

China Export and Credit Insurance Corp., or Sinosure, said it will improve its services for export traders in 2010, aiming

China Merchants Bank (CMB) has reportedly signed a strategic cooperation agreement with the Royal Danish Consulate General in Shanghai, according to CapitalVue News, China.

J.P. Morgan today announced that it has received approval to provide Renminbi (RMB) cross-border trade settlement services

Lenovo and CIT Group today signed a letter of intent to establish Lenovo Financial Services (LFS). LFS is a

The Factoring Committee of the China Banking Association held its first annual meeting in Shanghai on April 7.

SMEs in China continue to face cash flow problems from the impact of the financial crisis, according to recent research by international strategy consultancy firm Celent.

The China Banking Regulatory Commission has announced it is to further emphasise financial support to China SMEs in 2010, claiming

China factoring is expected to decline for the first time in 2010, as measures to combat overheating impact upon the industry.

Jiang Xu, Assistant General Manager of the Global Trade Services Department at Bank of China, talks to Factorscan about Beijing s recent decision to reduce bank lending, why he believes that constrained lending will result in a marked decline in Chinese factoring in 2010 and how problems in the US market have made finding suitable import partners an issue for China s export factors.

Lionel Taylor, Chief Operating Officer of China Export Finance (CEF), talks to Factorscan about his company s claims of success in acquiring a factoring licence in China, the demands of entry and the attraction of receivables finance to the burgeoning Chinese market.