上海自贸区引领创新发展 - 2018年09月27日

Sweden-based Volvo Construction Equipment is a pioneer in tapping the opportunities of the five year-old Shanghai Pilot Free Trade Zone, with the creation of the zone’s first financial leasing company.
Under preferential policies initiated in the zone, Volvo Financial Leasing (China) Co was allowed to engage in a sideline commercial factoring business relevant to its main business.
Factoring refers to a type of debt finance in which a business sells its accounts receivable to a third party, or factor, at a discount to raise cash.