HONG KONG, 21st May, 2019 – Velotrade, the account receivables financing platform, announces that it is actively executing cross border trade receivables transactions involving mainland Chinese companies. The first deal involved trade financing for a transaction between a Chinese SOE and a medical equipment manufacturer, made accessible to Velotrade through the collaboration with Qianhai Financial […]

A total of HK$13.339 billion worth of invoices were paid late to small businesses in Hong Kong in 2018, according to the global small business platform, Xero. Xero’s data also found that last year: – Only slightly more than half (56.04%) of total payments to Hong Kong small businesses were made on time – 13.87%