What we see in the Asia Pacific region
Coface conducts an annual survey to examine corporate payment trends and experiences in the Asia-Pacific region. The survey was conducted in 8 economies and the study revealed some key indicators that showed signs of a slight deterioration.
Overdues have become a more common occurrence and a higher percentage of participants reported that the average length of overdue periods was longer than 90 days. In addition to this more participants indicated that overdue amounts have increased over the last year.
On the other hand, improvements in the number of ultra-long overdues shows us that a more prudent attitude towards credit management is paying off. To prove the validity of this opinion, we investigated insolvency trends in these economies and concluded that risks are improving in Japan, Singapore, and Taiwan.
In this report several risk underwriters also share their 'on-the-ground' views on sector development in their respective economies. From Occupy Central (district in Hong Kong) in Q4 2014, to the segregated protests against 'parallel traders' in Q1 2015, Hong Kong grabbed the world’s attention. While economic data does not yet fully reflect the impact of these events, Coface expects stronger headwinds in 2015, despite the expectations of a moderate pickup in growth resulting from a sustained recovery in the west.
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Table of contents
- Payment survey background
- Corporate payment experience in Asia
- Country by country analysis
- Hong Kong