Port communicationfor most people，"Commercial factoring" may still be an unfamiliar word；but，Those who have the eyes of a falcon，However, he is keenly aware of the huge business opportunities contained therein.。
Before China Association for Trade in Services、At the "Inauguration Conference of the Commercial Factoring Professional Committee" held by the Institute of International Trade and Economic Cooperation of the Ministry of Commerce and the "First China Commercial Factoring Industry Summit" held the next day，Companies from the industry、mechanism、Experts and officials from the Ministry of Commerce system and local governments，Together, they "stirred up" the concept of "commercial factoring", which is still unfamiliar to ordinary people.。 For whom is it born?
“What is commercial factoring?”，“What is the use of commercial factoring?”，“Who needs commercial factoring”。 “Factoring is based on the accounts receivable generated from goods sales or service contracts entered into during corporate transactions.，Trade finance provided by commercial banks or commercial factoring companies、Sales account management、Accounts receivable collection、Comprehensive credit services with credit risk control, bad debt guarantee and other service functions。
It works for all types of businesses，Extensive penetration into corporate business operations、Financial operations and other aspects。Factoring business has adapted to the improvement of domestic、The need for international trade competitiveness，Has become an emerging trade finance tool，Letter of credit business、Credit insurance has become the troika of trade debt protection。” Commercial factoring emerged based on credit sales，As long as there is trade and credit sales，Factoring will exist。
China today，has gradually moved from a planned economy to a market economy，From a shortage economy to a surplus economy，A buyer's market is generally formed，Sales on credit have become a mainstream transaction method。my country's foreign trade settlement is in progress，The proportion of letter of credit settlement has dropped to less than 20%，Credit sales ratio increased to over 70%，In domestic trade, credit sales are widely used.。
There is a survey showing，About 90% of the companies surveyed confirmed that they provided credit sales in their domestic business in 2011，This proportion continues the trend of 88% in 2010 and 80% in 2009，continue to rise。Sales on credit are becoming more and more common in transactions，Laying a good market foundation for the development of factoring business。 on the other hand，The total amount of corporate accounts receivable continues to rise。
2012Year，Affected by the slowdown in world economic development and increasing downward pressure on the domestic economy，Overall insufficient demand in international and domestic markets，The problem of overcapacity in various industries in my country is relatively prominent。In this context，The scale of corporate accounts receivable continues to rise，Recycling cycles continue to lengthen，The risk of accounts receivable arrears and bad debts has increased significantly，The tightness of corporate working capital has further intensified。Industry insiders estimate，The scale of accounts receivable of enterprises across the country exceeds 20 trillion yuan。
The scale of accounts receivable continues to rise，Increased risk of recycling，The demand for factoring services is bound to rise rapidly。 Starting from January 2008，China's export double factoring business ranks first in the world and has remained so ever。
According to the Federation of Factoring International (FCI)，2011Year，my country's international and domestic factoring business volume reached 274.9 billion euros，Accounting for 13.64% of the world’s total of 2,025.4 billion euros，It is more than 200 times the total amount in 2001。2012Year，China's domestic factoring business volume exceeds 2.2 trillion yuan，A year-on-year increase of more than 15%；International factoring business volume exceeds US$90 billion，The myth of rapid growth of more than 50% is once again staged。
“Demand determines the market。next few years，China will continue to become the world's largest factoring market，The commercial factoring industry is facing huge development opportunities.。"In the Ministry of Commerce、With the strong support of the Ministry of Civil Affairs，"Commercial Factoring Professional Committee of China Association for Trade in Services"，This has enabled China’s commercial factoring industry to have a national industry organization.。
On the one hand, the "Special Committee" will establish and implement industry norms and self-discipline conventions，Supervise the standardized operations of member companies、Establish good market order，Maintain the overall interests and good image of the industry；On the other hand, we will actively build a platform，Organize communication and exchanges between industry enterprises and relevant management departments，Promote solutions to urgent and common issues facing industry development，Improve industry development environment，Promote industry development。
The establishment or change of an enterprise engaged in commercial factoring business shall be handled according to the following procedures：(1) Newly established domestic factoring companies engaged in commercial factoring business、An established domestic financial leasing company applies to concurrently operate commercial factoring business related to its main business，Submit an application to the Industrial and Commercial Branch of the Pilot Free Trade Zone，The Industrial and Commercial Branch of the Pilot Free Trade Zone shall consult the Administrative Committee of the Pilot Free Trade Zone and handle the registration procedures.。
(2) Newly established foreign-funded factoring companies engaged in commercial factoring business，First submit an application to the Pilot Free Trade Zone Management Committee，After obtaining the registration certificate issued by the Free Trade Pilot Zone Management Committee，Go to the Industrial and Commercial Branch of the Pilot Free Trade Zone to complete the registration procedures。
(3) Newly established and existing foreign-funded financial leasing companies apply to concurrently operate commercial factoring business related to their main business，Submit an application to the Pilot Free Trade Zone Management Committee，Approval documents issued by the Pilot Free Trade Zone Management Committee，The enterprise shall go through the registration formalities with the industrial and commercial department with the approval document and approval certificate.。
Article 8 Establishment of enterprises engaged in commercial factoring business，In addition to submitting statutory application materials，The following materials should also be submitted：(1) Risk assessment、Monitoring and other risk control system provisions；(2) Proof of experience in operating commercial factoring business or related industries；(3) Qualification certificates of management personnel and risk control department personnel；(4) Audit reports of the investing parties in the past year audited by an accounting firm
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