PBoC pushes its reverse factoring platform
China’s central bank is urging large companies and banks to get on board in a bid to relieve cashflow pain among China’s small businesses
“ACCOUNTS RECEIVABLE IS AN IMPORTANT LIQUID ASSET FOR SMALL BUSINESSES”
Hot on the heels of China’s bid to tackle problems with trade finance by moving commercial draft transactions to a central portal, the People’s Bank of China (PBoC) aims to do the same to help suppliers and small businesses struggling to get...
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