With Regard To International Factoring Business In China To Carry Out The Research,

Many economists have prophesied that china will experience many competitions after entering the WTO, but the main one is the competition in the financial circles. Because of the few branches in our country and the aim to own more sites, on the initial stage of entering the WTO, the foreign banks probably attack to the domestic banks in those that are not limited and that they are familiar with. The international factoring is one of such business. But international factoring is just in stage of starting in our country, and there is a very heavy disparity between Chinese banks and foreign banks in ideas, technology, fund scale, and so on. How to promote the development of our country's international factoring will be one of the most important subjects which Chinese banks must face in the future and is also the focal point that this paper want to discuss.This article is composed of three parts:The first chapter mainly discusses the fundamental principles of international factoring. In this chapter, the concept, origin, development, service, category and operation of international factoring are discussed.The second chapter describes the difference between international factoring and other related finance products. This chapter also analyzes the benefit that international factoring can bring to importer, exporter and the factor.Based on an all-side analysis of the history and development of the international factoring in our country, the third chapter analyzes the necessity to develop international factoring in our country and the risk we will face. At the last part of this chapter some of good suggestions are put forward.