The delegation of Uzbekistan is studying China's experience in the field of modern factoring services

    Finance 2 April 2024 1945

    At the invitation of the International Finance Corporation, a delegation headed by the Deputy Chairman of the Central Bank of the Republic of Uzbekistan visited the People's Republic of China in order to study advanced foreign experience in providing modern factoring services.

    On the first day of the visit, a practical seminar on the Chinese market of movable property financing services was organized. During the seminar, the reforms carried out over the past 20 years to develop the financial services market based on movable property in China were presented in detail.

    The delegation members also got acquainted with special electronic platforms for providing financing services based on movable property (Warehouse Finance Platform, Receivers Finance Platform, SCM Platform) and the mechanisms of their work.

    In addition, during the visit, the opportunities created by the Credit History Bureau of the People's Bank of China to provide electronic factoring and reverse factoring services with the introduction of modern technological solutions are also being explored.