Tashkent, Uzbekistan (UzDaily.com) -- At the invitation of the International Finance Corporation, a delegation led by the Deputy Chairman of the Central Bank of the Republic of Uzbekistan visited the People’s Republic of China in order to study advanced foreign experience in providing modern factoring services, the press service of the Central Bank reports.

On the first day of the visit, a practical seminar was organized on the Chinese market for movable property financing services. The seminar provided a detailed presentation of the reforms implemented over the past 20 years to develop the market for chattel-based financial services in China.

Members of the delegation also got acquainted with special electronic platforms for the provision of financing services based on movable property (Warehouse Finance Platform, Receivables Finance Platform, SCM Platform) and the mechanisms of their work.

In addition, the visit will also explore the opportunities created by the Credit Bureau of the People’s Bank of China to provide electronic factoring and reverse factoring services with the introduction of modern technological solutions. technological solutions.