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PBoC presses reverse factoring platform to top corps

China’s central bank is pushing large companies and banks to get on board in a bid to relieve cashflow pain among China’s small businesses.
PBoC presses reverse factoring platform to top corps

Following hot on the heels of China’s bid to tackle problems with trade finance by moving commercial draft transactions to a central portal, the People’s Bank of China (PBOC) aims to do the same to help suppliers and small businesses struggling to get paid.

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