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The great majority of Hong Kong exporters do not have credit insurance, but trade on an unsecured or letter-of-credit basis. The government-owned Hong Kong Export Credit Insurance Corp (HKECIC) is the main credit insurer, but its services have focused only...
There are ten factoring companies in Hong Kong; they had a total turnover of Ђ3.25bn in 2003, according to Factors…
#bank#global trade#international
Late payments to Hong Kong businesses have dropped to a two-year low, according to a survey by Coface Frontline. Coface,…
In a further sign of the continued recovery of the economy, late payments and defaults by Hong Kong businesses have…
The Hong Kong Monetary Authority, the Hong Kong Association of Banks (HKAB) and two other organizations have jointly set up…
#Commercial Credit#credit risk#management
Small-to-medium businesses can now apply for a loan with HSBC by simply providing a copy of their MPF contribution statement…
Hammonds has expanded the capabilities in Asia with the appointment of partner Anthony Chan to its Hong Kong office, where…
#compliance#i#investment
The talks over so-called "current account transactions" include the possibility of letting Hong Kong banks settle trade contracts denominated in…
#banks#Letters of Credit#trade
Hong Kong’s small- and medium-sized enterprises (SMEs) can now apply for a business loan without lengthy application procedures and without…
Hong Kong's exports in July rose 16.5% year-on-year to HK$ 183.6 bn, after an 18.2% growth in June, the government…
#exports#trade
Zurich has announced the appointment of a new marketing manager to join its business unit in Hong Kong, which provides…
Hong Kong banks chose to keep their prime rates or lending rates steady, resisting pressure set by the hike in…
Hong Kong firms reported fewer late payments and defaults from overseas in the second quarter as the global economy improved,…
#economic outlook#exporters#payment defaults