Tradewind Finance contributed to a special panel at the 9th Chinese Commercial Factoring Industry Summit about potential opportunities and the outlook for a post-pandemic era.
The annual event, organized by CFEC, was attended by key players in both the Chinese and international factoring community. Peter Mulroy of FCI, the official global representative body for factoring and financing of international and domestic trade receivables, delivered important insights and findings on behalf of the wider factoring community. The event also received delegation from the Chinese Academy of International Trade and Economic Cooperation and the Standing Committee of the CPC Tianjin Municipal Committee. 500 representatives from a variety of companies and financial institutions engaged in dialogue centered on significant developments in the lending landscape in the international export finance space.
Jason Wang, Vice President Sales Tradewind China stated during the panel: “We witnessed immense challenges and disruptions all across the supply-chain: higher prices for raw materials, buyer rating downgrades and their requests for longer payment terms, and on another front – an alarming increase in fraudulent transactions. Partnering with a trade finance provider with extensive multi-market experience and capabilities such as Tradewind provides comfort to exporters seeking to grow and sustain their businesses safely.” – Mr. Wang commented.
Tradewind has remained committed by supporting customers with practical, trade-based financial solutions during and after the pandemic. In some instances this involved buyer repayment extensions to remain in line with market developments. This allowed for our customers to unlock much-needed liquidity from receivables otherwise due at a much later date, allowing for the company to avail opportunities in a timely manner versus needing to obtain additional external debt in challenging times.
About Tradewind Finance
Founded in 2000, Tradewind Finance maintains a network of offices all over the world, including Bangladesh, Brazil, Bulgaria, China, Hong Kong SAR, Hungary, Iceland, India, Pakistan, Peru, Turkey, UAE, and the USA as well as the headquarters in Germany. Combining financing, credit protection, and collections into a single suite of trade finance products, Tradewind brings streamlined, flexible, and best-in-class services to the world’s exporters and importers.