Factoring In China ‘Set To Boom’

Senior executives from the receivables finance industry in Asia met recently at the Oriental Hotel in Bangkok to analyse the challenges facing factoring in the region. ‘At just over €80 billion a year turnover, Asia accounts for under 10 per cent of the total factoring turnover in the world’, said Michael Bickers, managing director of BCR Publishing Ltd. ‘In terms of future growth, the potential is enormous. Everyone looks to China as the ‘sleeping giant’, and rightly so, but other countries in the region have the economies and business infrastructure conducive to producing startling growth too.’ Presentation topics included the short and medium-term prospects for factoring in Asia, the factoring industry in Thailand, efficient financing alternatives for factors, asset-based lending in Asia and the impact of the latest technology on factoring operations.


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