I asked IR about factoring. This is the reply I recieved.
`"I would venture that factoring is simply not a thing done in China, and would not be undertaken outside of China for a/r inside China.
I suspect this idea is related to your accounting questions as well. That is, because assets in China can be shielded from a judgment
from an outside legal system, or it may be difficult to exercise any legal judgment, it is difficult to create adequate collateral. It's kind of a catch-22.
I believe that some loans require personal guarantees, because of this collateral conundrum.
But I am not an expert, to say the least.
Regards,
Peter Grossman
"
