Lending money to a company on the security of money owed to that company; this is often done on the basis of collecting those debts. The lender is known as the factor. Factoring may also describe acting as a commission agent for the sale of goods.
Known as ‘white sun in blue sky’, the flag of Chinese revolutionary leader Sun Zhong Shan appears in the canton. The rays of the sun represent 12 traditional Chinese hours (each equalling two hours) symbolizing progress. Red is a traditional Chinese colour. Effective date: 8 October 1928.