Companies in China report shorter payment delays in 2022 and expect higher economic growth in 202305/23/2023
Coface’ survey shows that fewer firms encountered payment delays in 2022. 40% of respondents reported overdue, down from 53% in 2021. The average payment delay was shortened from 86 to 83 days in 2022. More information here and in our publication.
Silicon Valley Bank’s failure highlights heightened financial stability risks amid monetary tightening03/22/2023
California and federal banking regulators shut down Silicon Valley Bank (SVB) and seized its deposits citing both illiquidity and insolvency. This is the 2nd largest failure of a U.S. financial institution after Washington Mutual in 2008. Read our expert's analysis of the situation.
Appointment of Grishma Kewada as Coface Country Manager for Singapore03/28/2023
Coface is pleased to announce the appointment of Grishma Kewada as Country Manager for Singapore effective April 1st 2023. She reports directly to Graham Crozier, CEO of Coface South East Asia & India and is based in Singapore.
From excessive pessimism to excessive optimism - Coface Barometer Q4 202202/14/2023
2023 starts with good news on the macroeconomic front. First, Europe has avoided a recession that looked long promised. Second, the prospect of a rebound in China in the second half of the year, also raises hopes for the global economy. In this context, Coface's risk assessments have changed only slightly, with 5 changes for country risks and 16 changes for sector risks. Discover which ones in our latest barometer.
Social unrest set to rise as socio-economic pressures mount around the world10/25/2022
While the sources of economic uncertainty are legion, new political disturbances could be added to their ranks. The new geopolitical landscape opened up by Russia's actions could reawaken risks in other global hot spots.
More about those hot regions and countries.
A cold chill on the global economy - Q3 2022 Barometer10/17/2022
Beyond the repercussions of the war in Ukraine, the global monetary tightening and the multiple constraints on Chinese growth paint a gloomy outlook. In the short term, the economy seems to be settling into a regime of "stagflation", where almost no growth and rapidly rising prices coexist. The possibility of a global recession, meanwhile, is becoming clearer.
In this context, Coface is making general downward revisions to its GDP growth forecasts and its country and sectoral assessments. Check them out!
Germany Corporate Payment Survey 2022: Battered companies prepare for another crisis09/19/2022
The impact on corporate payments in 2022 appears to be moderate and comparatively lower than the shock on the economy. However, companies are vigilant in the short-term and very pessimistic about the future.
Credit Insurance Partner
Our Partner in Mainland China.
Ping An Property & Casualty Insurance Company of China ltd. is the subsidiary of Ping An Group, the second largest P & C Insurance company in China.
In 2003, Coface supported Ping An P & C Insurance Company of China Ltd. to launch the 1st short term domestic trade credit insurance in Mainland China, protecting local enterprises against the risk of non-payment.
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