From June 10th to June 14th, 2019, the 51st Annual Meeting of FCI took place at SAIGON Intercontinental Hotel in Ho Chi Minh City, Vietnam. Delegates from factoring industry all over the world gather here to join this event.

Mr. Qu Weixi, Vice President of Chinese Academy of International Trade and Economic Cooperation (CAITEC) of the Ministry of Commerce (MOFCOM), Mr. Han Jiaping, Director of the institute of credit, CAITEC, MOFCOM, also the Director of CFEC, and Mr. Li Wei, Secretary General of CFEC attended the meeting.

During the meeting, FCI released FCI Annual Review 2019, introducing the development of factoring industry worldwide. Statistics show that world factoring volume reached 2,767.067 billion Euros, increased by 6.5% on the previous year; with a volume of 411.537 billion Euros, China ranks first globally, rose by 1.4% on that of 2017.

To further demonstrate China factoring industry and to share Chinese Factors’ ideas, CFEC will hold the 4th China Night Event with Guangdong Factors Associations and Shenzhen Factors Association in the evening of June 12th, 2019.