Stat-o-Sphere: Asia rising in factoring

Factoring has been growing steadily in emerging economies in the last few years.

Written by Guest

Updated: April 24, 2015 02:05 IST

Factoring has been growing steadily in emerging economies in the last few years. The factoring industry has seen significant growth in China, with its world share rising from 0.5% in 2004 to 9.4% in 2010, when it overcame the US and Japan in terms of factoring volumes. Overall, factoring in Asia has grown steadily since 2009; in 2012, it represented 26.8% of the world volume.