New member Bairong Factoring Co., Ltd, Shanghai, China is IFG's sixth new addition this summer

Tuesday 11 August 2015

We are delighted to welcome the new IFG’s Partner Member to the growing membership!

 

Bairong Factoring Co., Ltd is a limited liability company based at Shanghai in the People’s Republic of China (PRC) with its head office located in Shanghai.  Chinese government started to offer private company factoring license for factoring business in late 2012. Bairong Factoring Co., Ltd was established by two private companies, Pechoin group and Milan Spring Supermarket, in Pudong Shanghai and obtained the license under the relevant regulations in late 2013.

 

The principal activities of the company are mainly engaged in export factoring, domestic factoring, consulting services in relation to factoring and credit risk management platform developing. Bairong developed the factoring business mainly in Fujian, Guangdong, Zhejiang and Jiangsu Provinces in China.

 

Bairong entered into factoring business development plan with several national companies in precious metals industry. These precious metals are sold to worldwide manufacturing companies in Europe, United States, Japan. Bairong entered into business cooperation agreement with Sichou import&export group in Guangdong province (“Sichou Group”), major in import and export of textile products, household equipment and electronic products. The company will be the solely export factoring provider for the Group export transactions. Bairong will also develop more domestic supply-chain factoring for small-size companies.

 

We wish the new member every success in building its business and networks through IFG!