Registration conditions for commercial factoring

Registration conditions for commercial factoring, background for the emergence of commercial factoring companies, and financing difficulties for small and medium-sized enterprises。 2012June，Ministry of Commerce launches commercial factoring pilot program，Encouragement in Tianjin Binhai New Area、Commercial factoring company established in Pudong New Area, Shanghai，Start factoring business。Greatly stimulated the establishment of factoring companies。

China has a large number of small and medium-sized enterprises，The business structure of banks determines that they cannot meet the financing needs of small and medium-sized enterprises.，Create conditions for the development of commercial factoring companies。to be honest，If banks can meet the financing needs of small and medium-sized enterprises，There is no such thing as a factoring company.。 Although banks also have bank factoring business，But on the one hand，Factoring and credit are completely different，Factoring business is more professional

Require

and risk control logic。

Banks cannot sink into different industries，Familiar with the supply chain of each industry，Provide financing services to a large number of enterprises。at the same time，As overall trade finance risks rise,，Bank credit lines for factoring business have significantly reduced，The factoring financing needs of a large number of small and medium-sized enterprises cannot be met.，Created conditions for the rapid development of commercial factoring。

two、factoring company value

1. value to the seller
2. Speed ​​up corporate capital flow
3. Optimize corporate financial structure
4. Strengthen corporate financial management
5. Improve corporate competitiveness
6. value to the buyer
7. Improve supply chain stability
8. Get a more favorable billing period
9. Reduce corporate financial burden 3、Registration conditions for commercial factoring
10. 、Conditions for foreign commercial factoring registration：
11. The registered capital should be no less than RMB 50 million。
12. Investors should have the appropriate asset scale and financial strength to carry out factoring business，No recent violation or penalty record。
13. Should be established in the form of a limited liability company。
14. The name should indicate "commercial factoring"。
15. Corresponding management systems should be established to carry out factoring business，Improve relevant business processes and operating specifications，Submit financial statements every six months、Compliance instructions、Report business development to the Municipal Economic and Trade Information Committee，and verify the authenticity of reports and information、accuracy、responsible for integrity。
16. When applying for establishment，There should be more than 2 senior managers with more than 3 years of management experience in the financial field and no bad credit records。
17. 、Registration conditions for domestic commercial factoring：
18. Investors should have the appropriate asset scale and financial strength to carry out factoring business，No recent violation or penalty record。
19. The registered capital is no less than RMB 5 million (subscribed) and the source is true and legal.。
20. No mixed business operation allowed。
21. There should be a sound internal control system。
22. When applying for establishment，There should be more than 2 senior managers with more than 3 years of management experience in the financial field and no bad credit records。

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