Business scope and handling conditions of commercial factoring companies

Business scope of commercial factoring company：A commercial factoring company can transfer the accounts receivable that have been or will be incurred from the goods sales** or service contract entered into between the supplier and the buyer.，Provide suppliers with all or part of the following services:：

1. trade finance；
2. Collection and settlement of accounts receivable、Management and collection；
3. Sales account management；
4. Credit risk guarantee related to the Company’s commercial factoring business；
5. Credit investigation and evaluation；
6. Related consulting services；
7. Other businesses permitted by laws and regulations。

Agent to register a commercial factoring company，Welcome to call us for detailed consultation. To establish a domestic commercial factoring company, the following conditions must be met:：

1. Investors in commercial factoring companies should have the appropriate asset size and financial strength to carry out factoring business，No recent violation or penalty record；The main investor should be a corporate legal person or other social and economic organization familiar with the relevant industry，And the total assets in the year before application are not less than 50 million yuan；
2. Commercial factoring companies should be established in the form of limited liability companies。

Registered capital shall not be less than RMB 50 million，All are paid-in monetary capital，One-time payment in full，And the source is authentic and legal；(3) When applying for establishment of a commercial factoring company，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。

Senior managers refer to managers who hold the position of deputy general manager or above or equivalent positions；

1. Commercial factoring companies are not allowed to operate mixed businesses；
2. Commercial factoring companies should have a complete internal control system，including but not limited to risk assessment、business process operations、Monitoring and other systems；
3. Other conditions stipulated by laws and regulations。

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