MOFCOM permits finance leasing companies to conduct commercial factoring | Practical Law

MOFCOM permits finance leasing companies to conduct commercial factoring | Practical Law

MOFCOM has announced that finance leasing companies may engage in commercial factoring activities (including invoice discounting), and has exempted special purpose subsidiaries of finance leasing companies from minimum capitalisation requirements.

MOFCOM permits finance leasing companies to conduct commercial factoring

Practical Law UK Legal Update 2-618-0287 (Approx. 2 pages)

MOFCOM permits finance leasing companies to conduct commercial factoring

by Practical Law China
Published on 10 Aug 2015 • China
MOFCOM has announced that finance leasing companies may engage in commercial factoring activities (including invoice discounting), and has exempted special purpose subsidiaries of finance leasing companies from minimum capitalisation requirements.