International Factoring In China Part II: assignment of receivables

YOU MAY DOWNLOAD THE PDF VERSION OF THIS POST HERE: china-factoring-law-assignment-of-account-receivables.

Assignment of receivables is the core of factoring business. An accurate and clear understanding of Chinese laws in respect of assignment of receivable is vital and paramount for engaging in factoring business in China.

As you may have noticed…

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…

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…