IFG Asian Chapter

A few words from its chairman...

"The Asian region is a huge land mass. It includes the sub-continent of Australia and has the most populated countries in the world viz. China, India and Indonesia. IFG presently has representations in Japan, China, Indonesia, Pakistan, Australia, Singapore, Thailand, and Malaysia. There are a number of white spots that need to be filled. However the countries are in different stages of economic development. The level of factoring know-how is also vastly different, with it being well established in developed countries such as Japan, Australia, Hong Kong, Taiwan and Singapore and relatively undeveloped in countries such as Indonesia, Vietnam and China. Hence a multi-prong approach would have to be adopted to achieve our objective of increasing representations in these countries.

We will be organizing foundation courses/ factoring workshops/seminars in the less developed countries and the first such event has been scheduled for Beijing in the month of May. Daniel Tso, Chairman of Orbrich (China) International Factors, has also consented to be the vice-chairman of the Asian chapter to help in developing the China market. Erik and I will also be making direct approaches to financial institutions which we have identified as potential members.

Your board recognizes the importance of keeping in touch with its members regularly and to involve them in our activities. Thus in addition to the annual meeting, a conference of Asian Chapter members will also be held in an Asian city. Erik and I also hope to keep in regular contact with the chapter members and to visit them when the opportunity arises. "

WONG Chin Kheng
Chairman

Special links:

Asian Leasing & Finance Association (ALFA): http://www.alfaworld.org/
Indonesian Financial Services Association (APPI): http://www.ifsa.or.id