2019 International Factoring and Supply Chain Finance Conference officially launched at China Ninght

The FCI 51st Annual Meeting was held in Ho Chi Minh City, Vietnam from June 9th to 14th, 2019. Delegates of factoring and industry organizations from all over the world gathered there to interact and discuss the latest developments and trends of factoring industry in-depth.

At the annual meeting, FCI released FCI Annual Review 2019, introducing the development of factoring industry worldwide. Statistics show that world factoring volume reached 2,767.067 billion Euros, increased by 6.5% on the previous year; with a volume of 411.537 billion Euros, China ranks first globally, rose by 1.4% on that of 2017.

On June 12th, the “China Night” ，which was Co-sponsored by FCI, Factoring Association of China, Commercial Factoring Expertise Committee of CATIS, Guangdong Factors Association, Shenzhen Factors Association and organized by Shenzhen Factors Association, was successfully held during the 51st annual meeting of FCI. The international and domestic factoring peers shared and exchanged the latest and future development of China's factoring industry.

The launching ceremony of the 2019 International Factoring and Supply Chain Finance Conference was held at the "China Night" event. Qu Weijun, Vice President of Chinese Academy of International Trade and Economic Cooperation; Han Jiaping, Commercial Factoring Expertise Committee of CATIS and Director of Credit Research Institute of Chinese Academy of International Trade and Economic Cooperation; Patrick de Villepin, President of FCI; Peter Mulroy, Secretary General of FCI; Sun Jianbo, Vice Chairman of the FCI Executive Committee and General Manager of the International Business Department of China Construction Bank; Li Qingliang, Director of FCI Asia Region; Lin Hui, Director of FCI Northeast Asia; Michael Bickers, President of British BCR; Lai Jinchang, Chief Technical Assistance Officer of World Bank Group International Finance Corporation (IFC) East Asia and Pacific region, Technical Assistance Leader of Financial Infrastructure; Song Yanmin, Executive Chairman of Guangdong Factors Association and Shenzhen Factors Association; Guo Xiaolei, Factoring Association of China; and other representatives of institutions attended the launching ceremony. Shenzhen Factors Association released the program of the conference on the spot.

It is reported that the 2019 International Factoring and Supply Chain Finance Conference will be held during the 13th China (Shenzhen) International Finance Expo from November 5th to 6th, 2019. The“Supply Chain Finance and Commercial Factoring Innovation Development" exhibition will be there at the conference. The conference aims to strengthen international exchanges and cooperations, promote the prosperity and development of international factoring and supply chain finance. And the “2019 China Commercial Factors Financing Cooperation Conference”will be held at this time.