Established in 2017, Huzhou Wuxing Chaoqi Commercial Factoring Co., Ltd. mainly manages business of supply chain financial services, which is centered on the core enterprises including listed companies, key enterprises, “Golden Elephant & Golden Ox” enterprises, “High-Tech & High-Growth” enterprises in Huzhou city. After the core enterprises have received the products delivered by the suppliers, finished acceptance check, and put them into warehouse, the suppliers can apply to Chaoqi Commercial Factoring Co., Ltd. for financing with the warehouse warrant issued by the core enterprises. At the same time, Chaoqi will provide suppliers with a complete set of loan settlement service.

·Business Advantages

1、Provide Fast and Simple Financing Services

Supply chain financial services provide a convenient and efficient financing channel for suppliers. As no collateral is required, it improves the short-term financing ability of suppliers, and allows them to get financing without leaving home.

2、Save Suppliers’ Work Energy in the Collection of Accounts Receivable

Supply chain financial services include a set of settlement service, which saves several links in loan settlement between suppliers and core enterprises and reduces the cost of receivables management and collection.

3、Improve the Use Efficiency of the Working Capital of Suppliers

Through supply chain financial services, suppliers can effectively solve the problem that accounts receivable (or acceptance bills) has occupied the working capital, speed up turnover of capital, and improve the use efficiency of the funds.

4、Strengthen the Closeness of Cooperation between Suppliers and Sales Agencies

Supply chain financial services will effectively strengthen the harmony and closeness of business cooperation between suppliers and core enterprises.