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2023 China Commercial Factoring Industry Summit Opens in TEDA

11-29-2023
Source:TEDA


On November 28, the 11th (2023) China Commercial Factoring Industry Summit and the 10th Yujiapu Factoring Forum opened in TEDA. As the most influential and largest annual event in the commercial factoring industry, this summit, themed “The Next Decade: Contrarian Growth,” brought together nearly 500 representatives from commercial factoring enterprises and related institutions from across China to TEDA. The focus was on the challenges and solutions facing the commercial factoring industry in China. Participants shared insights for promoting compliance management and innovative development under the current situation of strong financial regulation.


During the summit, the first commercial factoring arbitration court in the Beijing-Tianjin-Hebei region—the Commercial Factoring Arbitration Court of the Tianjin Arbitration Commission Financial Arbitration Center—was officially inaugurated. With the support of this arbitration court, TEDA will further promote diversification in non-litigation dispute resolution paths for factoring and enhance the quality and efficiency of case hearings.


The summit released the “Commercial Factoring Industry Association Standards.” As one of the first pilot areas for commercial factoring association standards, TEDA will actively promote the application of standards by local enterprises to prevent risks.


At the summit, TEDA was awarded the title of “Innovative Development Pioneer Zone for Commercial Factoring.” As one of the first pilot areas to carry out commercial factoring business in China, TEDA has been at the forefront of industry development for many years. Currently, there are over 150 active factoring enterprises in TEDA, with total assets exceeding 150 billion yuan. TEDA has introduced more than 30 industry standards and innovative policies, leading the industry with high-quality initiatives.

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