London, November 29, 2024, (Oilandgaspress) ––– Recently, the 12th (2024) China Commercial Factoring Industry Summit, organized by the Commercial Factoring Professional Committee of the China Service Trade Association (hereinafter referred to as the “Commercial Factoring Professional Committee”), was successfully held in Tianjin. At this industry summit, Tianjin Xiaopeng Commercial Factoring Co., Ltd., a wholly-owned subsidiary of Xiaopeng Motors, won the “2023 Tianjin Commercial Factoring Innovation and Development Base Yuye Award” issued by the Commercial Factoring Professional Committee for its outstanding industry performance and innovative practices.
The China Commercial Factoring Industry Summit is the most influential and largest annual event in the commercial factoring industry. With the theme of “Going with the Trend and Developing with Resilience”, the summit aims to jointly explore and promote the high-quality development of the commercial factoring industry. The organizer of the summit is the Commercial Factoring Committee, which is the only self-regulatory organization in the commercial factoring industry in the country. Its purpose is to promote and standardize the development of the commercial factoring industry, improve the industry’s management and service levels, and establish a platform for communication and cooperation in the commercial factoring industry. The China Commercial Factoring Industry Summit plays an important role in stimulating the innovative development of the commercial factoring industry, setting industry benchmarks, promoting industry exchanges and cooperation, and promoting the standardized development of the industry.
As a key tool in my country’s financial sector, commercial factoring plays an irreplaceable role in solving the “crux” pain points of financing difficulties for small and medium-sized enterprises. It innovates financial service models, cleverly reduces the potential risks brought by high debt and high leverage of large enterprises, and continuously improves the commercial credit ecosystem. It contributes outstanding strength to stabilizing, consolidating and strengthening the supply chain of my country’s real industry, and supports the high-quality and sustainable development of the industry.
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