China

Daniel Tso from Orbrich talked at BCRs Conference in Shanghai on the factoring potential in China and whether China will be  the next big factoring market.

King Tak Fung, Partner DLA, talked at BCRs Shanghai Conference and examines the standard for document checking, issues relating to fraud and stop payment orders that are relevant to foreign parties.

Amanda Chiu, Head of Factoring at DBS Bank, spoke at BCRs Shanghai Conference on the factoring market in China and Fending Off Competition from Multinationals.

GE Commercial Finance has invested US$50m in Credit Orienwise Group via the purchase of shares of COG.

CIT Group Inc.,opened its Shanghai Shared Services Centre on Thursday to support CIT Vendor Finance's customers in the Asia Pacific region.

South China's Guangdong Province is extending its credit database for SMEs to give them improved access to bank loans.

Shenzhen Ping An Bank plans to position itself as a specialist in serving retail customers and SMEs.

In just under one week senior industry leaders will congregate at the BCR conference in Shanghai to focus on factoring in Asia Pacific.

This year, BCR is holding its factoring industry forum in Shanghai from 19-21 September. Here, some of our expert speakers give an insight into the business issues facing factoring in 2007.

 

A survey carried out earlier this year by the BBC identified China as becoming the world s largest economy by 2026. The opportunities for factoring companies are enormous.