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July 14, 2021 HONG KONG SAR - Media OutReach - 14 July 2021 - 18 months after the start of the pandemic, access to vaccination is now the main factor setting the pace of people's daily lives and the global economy. GDP growth forecasts for 2021 have been revised upwards (+5.6%), but this is mainly the result of positive surprises from the United States. These improved growth prospects are reflected in world trade: after a 5% decline in volume last year, Coface forecasts an 11% increase for 2021.   In this context of growth in international trade, countries exporting raw materials are ben...

HONG KONG SAR - Media OutReach - 5 July 2021 - Coface's 2021 Asia Corporate Payment Survey, conducted between October 2020 and March 2021, provides insights into the evolution of payment behaviour and credit management practices of over 2,500 companies across the Asia Pacific region during a pandemic year. Respondents came from nine markets (Australia, China, Hong Kong SAR, India, Japan, Malaysia, Singapore, Thailand and Taiwan) and 13 sectors located in the Asia-Pacific region. No deterioration of payment delays despite the impact of COVID 65% of respond...

Coface SA: Coface records a good start to the year with a net income of €56.4m Coface records a good start to the year with a net income of €56.4m Turnover: €378m, up 4.2% at constant FX and perimeter Trade credit insurance growing by 6.1% at constant FX benefiting from stabilising client activity Client retention close to record highs; positive price effect (+2.9%) Business Information continues to grow (+9% at constant FX) Factoring and debt collection down on lower volumes Net loss ratio at 24 . Gross loss ratio at 29.5%, an improvement by 25.7 ppts; low level of claims worldwide Net...

  Judging is based on submissions sent to GTR that outline institutions’ greatest achievements throughout the course of 2020 as related to these specific categories**. Congratulations to the winners! * Given that, disappointingly, just two submissions across the entire global market were received for this category, the GTR editorial team decided not to award any winners. **In some cases, where entries overlap with Best Deals signed in 2020, the GTR team also draws on those transactions.     Bank: Bank of America With a solid performance that went beyond the ‘E’ in ESG to tackle soc...

HONG KONG SAR - Media OutReach - 14 April 2021 - The China-Australia bilateral relationship deteriorated sharply over 2020, with China imposing both formal