Qibangbang explains the registration and approval procedures and new regulations for commercial factoring companies

Qibangbang explains the registration and approval procedures and new regulations for commercial factoring companies in accordance with the actual review policies in various regions in the country，Now the registration and approval of new establishments in first-tier cities are almost at a standstill.，Therefore, Qibangbang focuses on interpreting commercial factoring, company registration, approval procedures and new regulations. 。That is to say，Currently in first-tier cities，If a foreign-funded/joint-venture commercial factoring company needs to be newly registered，There are fewer and fewer cities to choose from。

Register a commercial factoring company，Conditions that need to be met：

1. The application shall be initiated by an overseas company with independent legal entity qualifications that has existed for more than 18 months.;The normal operation mode is：Use a company registered in Hong Kong to act as an overseas sponsoring shareholder;If you are applying to register a joint venture commercial factoring company，Then the Chinese shareholders，Must be a corporate shareholder(Natural persons cannot directly jointly invest with foreign shareholders to establish a joint venture.)
2. Registered capital starts from US$10 million，No actual capital contribution is required at this stage。

Just complete the capital contribution within the time limit specified in the articles of association。

1. Proposed directors, supervisors and senior executives must have 3-5 years of industry experience。
2. In process，The establishment and registration of foreign-invested enterprises must be completed first.，Only before you can apply for industrial and commercial declaration matters。 Qibangbang understands that commercial factoring is a huge market，Nowadays, many domestic enterprises have tight capital chains.，An important reason is that many companies have too much working capital occupied by accounts receivable.，Leading to poor circulation of one's own funds。

Commercial factoring is for corporate accounts receivable，Provide financing services to enterprises，Therefore, commercial factoring actually solves the financing problem of the real economy.。Commercial factoring is still in the development stage，There will be great demand in this area in the future，The market space is also very large。 Every industry needs regulation，The commercial factoring industry also has its own regulatory authorities。

There are two misunderstandings that are easy to fall into in departmental supervision.，One is that supervision is too strong，The innovation enthusiasm and ability of the industry have been shattered with one stick.。One is the confusion and lack of supervision，This can easily lead to the industry's wanton，Raising all kinds of problems without restraint。overall，The supervision of the commercial factoring industry is now just right，But it is very likely that it will become stricter in the future.。Today, Qibangbang will tell you about commercial factoring companies.。

The commercial factoring industry should not be included in the regulatory scope of the Regulations. Review of the Regulations from relevant agencies(Draft for comments)According to the description，Part of the purposes of the Regulations，It is to regulate private financing，Combating illegal fund-raising，Strengthen the protection of financial consumers’ rights and interests。At present，The overall level of the commercial factoring industry is relatively high，There has not been a single case of illegal fund-raising so far，There have been no consumer complaints。

The reason for this，This is because most of the commercial factoring companies currently doing business are large and medium-sized state-owned enterprises with strong、Background of listed private enterprises，They all have a strong vision of serving the real economy.。

This is consistent with the frequent occurrence of illegal fund-raising in certain、Companies in other industries where consumer fraud and other violations of laws and disciplines are completely different，In view of this，The commercial factoring industry should not be included in the regulatory scope of the Regulations，For the sake of uniformity, one Regulation cannot be used to regulate widely varying concentrations.，This will lead to a reduction in efficiency、Decreased professionalism。 Thank you for browsing my article，Hope it helps you，If you want to know more, please pay attention to Qibangbang!

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