A new report from the China Banking Association (CBA) highlights the ailing state of factoring operations by Chinese banks in 2019.
In 2019 the factoring operations of members of China’s Commercial Factoring Expertise Committee totalled 1.75 trillion yuan (approx. USD$267.45 billion), for a YoY decline of 8.85%, according to data from the “China Factoring Sector Development Report (2019 – 2020)” (中国保理产业发展报告（2019-2020）) just released by CBA.
China’s international factoring operations in 2019 totalled USD$26.476 billion, for a YoY decline of 25.30%, and a narrowing compared to the drop from the previous year.
Domestic factoring operations totalled 1.56 trillion yuan, for a YoY decline of 7.14%.