International Factoring in China Part I: overview of legal regimes for factoring industry

Factoring has been a big thing in China trade arena recent years. Ever since a push by China Ministry of Commerce promulgating in 2012 a set of new rules regarding setup of commercial factoring firms, commercial factors have been mushrooming in China with particularly robust growth in Tianjin, Shanghai, Guangzhou and Shenzhen.

However, bank factoring…

The Tenure Issue of Land Use Right in China: what if it expires?

Most of you don’t really care about this as it has nothing to do with you, unless you have a property in China. By a property, I mean mainly apartments, houses, residential or commercial.

A  piece of news from Wenzhou, a economic hub of Zhejiang province, an eastern China province, has sort waken up Chinese people who have been intentionally or inadvertently…

Rights for minority shareholders under China Company Law

Being a minority shareholder in a China limited liability company can be a nightmare for investors, foreign or domestic. You get stuck there with no hope and find yourself no easy exit. I have witnessed many such sad stories happening to foreign clients who participated in Sino-foreign equity joint ventures.

So it will be meaningful for investors to know what…

FCI GENERAL RULES FOR INTERNATIONAL FACTORING

FCI GENERAL RULES FOR INTERNATIONAL FACTORING

(printed July 2013)

 

CONTENTS

Section I       General Provisions 2

Article 1       Factoring Contracts and Receivables 2

Article 2       Parties taking part in two-factor international factoring. 3

Article 3       Receivables included. 3

Article 4       Common…