50-Person Forum of China Finance Supply Chain (Commercial Factoring), 2019 Spring Annual Meeting, was held in Shenzhen at the date of March 29th 2019. The annual meeting this time, was undertaken jointly by Guangdong Factors Association（GDFA）and Shenzhen Factors Association（SZFA）. The Hot topics, such as development trends of Global Supply Chain in Finance, the development opportunities of District Supply Chain in Finance with the territories of Guangdong, Hong Kong and Macao Dawan, the development and innovation of Smart Supply Chain in Finance, the newest situation in relation of commercial factoring innovation development, the Supply Chain in Finance Services for those private small and medium enterprises / service economy entities and preventing the financial risks of supply chain are entered into deeply discussion in the Forum.
The Forum this time was the type of closed meeting, the attended guests included Mr. Lai Qun-Yang, Member of the Party Committee of Shenzhen Local Financial Supervision Administration / Unique Secretary of Shenzhen Emerging Financial Industry Party Committee; Miss Chang, Yan-Ling, the Chairman of China Supply Chain in Finance (Commercial Factoring) 50-Person Forum / Director of Supply Chain Finance Committee of China International Economic Cooperation Association / Executive Director of International Chamber of Commerce (ICC) / Former Vice President of Bank of China / Senior Research Fellow, Chongyang Finance Research Institute, Renmin University of China; Mr.Han, Jia-Ping, Director of the Credit Research Institute of the International Trade and Economic Cooperation Institute of the Ministry of Commerce / Director of the Commercial Factoring Committee of the China Service Trade Association; Mr. Chang, Ming, President of Guangdong Commercial Factoring Association / Dean of the Institute of Factoring and Supply Chain Finance, Guangdong Finance College; Mr. Ying, Jian-Shang, President of Shenzhen Commercial Factoring Association and many other experts and scholars from those famous higher education institutions and research institutions, also having many leaders of Industry organizations, banks, commercial factoring companies, supply chain financial services institutions, etc., join this Forum, among them, Director of VTeam Group, Typhoon Wen, invited to attend this forum and make a speech of “Globalize of Chinese Enterprises is pushed by Supply Chain in Finance” for the Forum.
Because of the influence of global economy downturn and the trade war between China and US, China are facing much more pressure for export and import trading, said by Dr. Wen, on the premise that international factoring will be the best weapon to resolve the small/medium scopes of exporter enterprises. The guarantee of bad debt of exporters’ factoring, the growth of sales with Financing Amounts and the service of payments collections, all of them can effectively resolve cash and L/C issue of exporters, especially for those enterprises facing the issue of “money storage” and weak consumption. VTeam Group focus on Supply Chain in Finance practices for decades, and owns various Factoring Risk Management international patents, in the meantime, VTeam Group is the member of FCI, which can co-work with Accounts receivable contractors and provides Services related to Financing/customs clearance/tax refund/logistics/insurance for import and export for small/medium scopes of enterprises, and help them overcome the dilemma of enterprises’ financing to create a three-way win and open up new blue sea.
