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 …
News on Sohu has it that Shanghai local industry and commerce bureau (the agency in China in charge of company registry) has called a halt to setup of commercial factoring firms, following the suits of Beijing and Shenzhen, the other two major first-tiered cities in China.
Commercial factoring is indeed something newly imported from abroad into China economy.…
Jason Tian, the blogger, Senior Partner at Shanghai Landing Law Offices. You can reach him at: [email protected] or [email protected], or call him directly at+86-13816548421 (also his WhatsApp)
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