50 Years Facilitating Open Account - Trade Finance

The Belt and Road International Factoring summit, 28 August 2018

Wednesday 29 August 2018

On 28 August FCI together with Guangdong Provincial SME service centre and our member VTeam Financial Services Group held the Belt and Road international factoring summit in Foshan, Guangdong.

The event was graced by Mr Zhou Weicheng , the Secretary of party committee Guangdong SME provincial centre.

This summit was the second in the series after the first successful summit in Xian in November last year. The event was quite successful and was attended by more than 150 participants who are mainly SMEs.

FCI was represented by Ms Vivid Liu, a member of the Marketing committee, who spoke on how export factoring can help Chinese SMEs to seize the opportunities arising from the Belt and Road strategy. Ms. Liu highlighted the growth of international factoring and open account over letters of credit as well as the following advantages of FCI two factors international factoring:

1. 100% credit protection

2. Guaranteed payment of 90 days from due date of invoice

3. Professional collection service from import factor.

 

We plan to organize more of such conferences to reach out to the SMEs in China.