皇冠体育app

There is a margin which SMEs can benefit from by speaking directly to the end customers, but it's hard to estimate how large that margin is.

Today's Chinese market is not what it was 10 years ago, when you had to go through an agent if you wanted to enter 皇冠体育app. At this stage the role of sourcing agents is becoming less and less relevant.

Buyers will access the market and find their own exporters and other relationships in 皇冠体育app because of improved access to the country in this modern age. Our role is to help them create a very smooth trade process financially, logistically and documentarily once they have identified from whom they are buying.

Q: Few companies in 皇冠体育app are engaged in your business. What makes you see an opportunity and how do you feel about the prospects for the factoring business in 皇冠体育app?

A: The key thing is to look into some statistics. In 2005, there was about $750 billion worth of exports from 皇冠体育app, about 55 percent of which was specifically from the SME market.

So with about $400 billion worth of exports from SME markets, right now there's only an 0.2 percent factoring rate for exports from 皇冠体育app, while in the international market the rate stands at 2.5 percent, and is growing annually by 35 percent.

The market should reach or have the opportunity to rise to at least 2.5 percent of this $400 billion, giving an addressable opportunity of $10 billion, and growing each year.

皇冠体育app is one of the most advanced exporting and manufacturing countries and will have to catch up on financial solutions to support its level of exporting.

We believe we can be a very major player.

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