50 Years Facilitating Open Account - Trade Finance

CFEC and HKTDC Trade Seminar 2017 - One Belt, One Road

Friday 3 November 2017

Riding on the current enthusiasm over the One belt, One Road as well as Supply Chain Financing, the Hong Kong Trade Development Council (HKTDC) together with China Factoring Expertise Committee (CFEC) jointly organized a conference on facilitating One belt, One road through Supply Chain Financing in Hong Kong on 3 November 2017 at the Hong Kong Convention and Exhibition Centre. The attendees were mainly the commercial factors in Hong Kong and China. International factoring, especially FCI’s two factor system featured prominently in this conference is a useful facility which will help the clients of commercial factors who are primarily MSME, to overcome the risks in export on open accounts term.

It was highlighted in the conference that despite the slow down in factoring volume, the number of commercial factors continue to grow in China. There are currently more than 7000 commercial factors in China . This attests to the growing importance of commercial factors which focus on financing MSME. FCI through its Asia Chapter Director Kheng Leong Lee, presented the current development of factoring worldwide as well as FCI reverse - the international Supply Chain Financing which will facilitate the trade under the One belt, One road .

FCI is glad to be able to continue to play a useful oral in helping the commercial factors to grow the factoring business in China and in Hong Kong.