Tianjin-Shanghai Commercial Factoring Business Exchange Conference Successfully Convened at FEHORIZON Plaza
2023-09-20
Recently, the Tianjin-Shanghai Commercial Factoring Business Exchange Conference was successfully convened at the FEHORIZON Plaza in Shanghai. This conference was co-hosted by Tianjin Commercial Factoring Association and Shanghai Commercial Factoring Association, and sponsored by Horizon Commercial Factoring (Tianjin) Co., Ltd. under Fehorizon. Extinguished guests from outstanding enterprises of Tianjin and Shanghai in the factoring industry gathered together and discussed paths of innovation with focus on frontier issues of commercial factoring, aiming to generate new motivations for the sustainable development of this industry.
▲Tianjin-Shanghai Commercial Factoring Business Exchange Conference
This conference was participated by about 30 representatives from Horizon Commercial Factoring (Tianjin) Co., Ltd., CRRC Commercial Factoring Co., Ltd., POWERCHINA Commercial Factoring Co., Ltd., Tianjin Tianbao Commercial Factoring Co., Ltd., Shuanghui Commercial Factoring Co., Ltd., New Hope (Tianjin) Commercial Factoring Co., Ltd., Sinopharm Rosino (Shanghai) Commercial Factoring Co., Ltd., State Nuclear Power Commercial Factoring Company, SIEMENS Commercial Factoring Co., Ltd., Shanghai Mengyuan Commercial Factoring Co., Ltd., Shanghai Pudong Construction Commercial Factoring Co., Ltd., Tianjin Commercial Factoring Association and Shanghai Commercial Factoring Association.
At the beginning of the conference, Mr. Cao Jian (Executive Director and Senior President of Fehorizon and General Manager of FEHORIZON Factoring) delivered a welcome speech. Always adhering to the “finance + industry” business mode and centered around basic industries of national economy and people’s livelihood, Fehorizon provides financial services and contributes to industrial development. It has served more than 30,000 industry clients of real economy. Facing a complex and volatile external environment, the Company gives play to its advantages of “marketized, internationalized and specialized” services, and continuously empowers real economy. Ever since its establishment, Horizon Commercial Factoring has persisted in value creation and model innovation, and remains devoted to promoting the optimization and upgrade of the industrial chain and improving its capability of serving real economy.
▲ Mr. Cao Jian, Executive Director and President of Fehorizon and General Manager of FEHORIZON Factoring
During the conference, the responsible persons of the associations of Tianjin and Shanghai respectively introduced the development situation of the commercial factoring industry and the local business environment in recent years.
Secretary-General Wei Chao of Tianjin Commercial Factoring Association explained the four functions of the Tianjin association to the attending guests, and also introduced the overall situation of the factoring enterprises in Tianjin.
▲ Mr. Wei Chao, Secretary-General of Tianjin Commercial Factoring Association (left)Mr. Fan Dayong, Secretary-General of Shanghai Commercial Factoring Association (right)
At the conference, Secretary-General Fan Dayong of Shanghai Commercial Factoring Association introduced the general situation of the factoring enterprises of Shanghai and summarized the development trend of the industry.
Representatives from various enterprises shared their respective business modes and resource endowments, and carried out in-depth exchanges and discussion from multiple angles, including market development trend, localized financial regulation policy and innovative product design. During the heated discussion at the conference, the collision of diversified opinions propelled the attendees to make concerted efforts and advance side by side.
▲ Mr. Liu Lei, Deputy General Manager of FEHORIZON Factoring
Deputy General Manager Liu Lei of FEHORIZON Factoring highlighted the basic information of the Company to the attending guests. Since its establishment in 2019, Horizon Commercial Factoring has invested more than 30 billion yuan cumulatively, mainly in aspects related to engineering construction, healthcare, transportation and electronics. In terms of products, it constantly polishes its trading structure, with innovative products such as out-of-pool factoring and cyclic factoring; in the aspect of capital, it makes active efforts to cooperate with those representing capital and expand financing channels, and has implemented asset securitization; regarding technology, it has established the Yuanhong Yilian Supply Chain Technology Platform and released various supply chain financial products to empower the client industrial chain. From the industrial chain perspective, FEHORIZON Factoring is committed to providing specialized and customized supply chain financing and value-added services to clients.
▲ Group photo of the Tianjin-Shanghai Commercial Factoring Business Exchange Conference
The successful hosting of the Tianjin-Shanghai Commercial Factoring Business Exchange Conference demonstrates the vitality and potentials of the commercial factoring industry of Tianjin and Shanghai, and lays a good foundation for industry members to strengthen cooperation and together explore new business modes and innovation paths. In the future, FEHORIZON Factoring will join hands with its industry partners to actively cope with changes in the market, continuously blaze new trails with innovation, and together make greater contribution to the development of real economy.
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