Q : What are the common forms of receivables finance in China?
A: Receivables finance is usually based on either receivables purchase or receivables pledge.
Ren Gulong
安杰律师事务所
合伙人
Partner
AnJie Law Firm
Under receivables purchase, a creditor sells the receivables to which it is entitled to a financier and obtains funding. Receivables purchase is often called factoring and the financier is called a factor.
In China, factors are mainly banks, but there are also some licensed non-bank factors.
There are different types of factoring structures, including with recourse or without recourse, disclosed or non-disclosed to the debtors. In contrast, receivables pledge is much simpler.
It is a secured finance, where a borrower obtains loans from a lender and pledges its receivables in favour of the lender.
You must be a
subscribersubscribersubscribersubscriber
to read this content, please
subscribesubscribesubscribesubscribe
today.
For group subscribers, please click here to access.
Interested in group subscription? Please contact us.
你需要登录去解锁本文内容。欢迎注册账号。如果想阅读月刊所有文章，欢迎成为我们的订阅会员成为我们的订阅会员。
Ren Gulong is a partner at AnJie Law Firm
北京市朝阳区建国门外大街甲6号
中环世贸中心D座26层
26/F, Tower D, Central International Trade Center
6A Jianguomenwai Avenue
Chaoyang District, Beijing, China
邮编 Postal code: 100022
电话 Tel: +86 10 8567 5988
传真 Fax: +86 10 8567 5999
www.anjielaw.com
电子信箱 E-mail:
rengulong@anjielaw.com
