Research On Business Development Problems And Countermeasures Of Y Commercial Factoring Company

With the further development of economic globalization and trade credit,the proportion of credit sales in domestic and foreign trade settlement is getting higher and higher.The scale of enterprise accounts receivable continues to rise at a high speed,which brings tremendous pressure on the turnover of enterprise working capital,and factoring companies emerge as the times require.With the issuance of the Notice on the Pilot Work of Commercial Factoring by the Ministry of Commerce in June 2012 and the subsequent promulgation of many documents,commercial factoring companies around the country have mushroomed rapidly.Behind the rapid development,there are many problems.The regulatory system of commercial factoring industry is not clear yet,which needs policy support urgently;the shortage of funds,the unsmooth financing channels;the lack of a sound risk assessment system and a series of other issues restrict the development of commercial factoring companies.Y commercial factoring company is founded on the industrial chain of its parent company.Shareholders are a group enterprise with real industrial background.The original intention of the establishment is to provide factoring financial services for upstream and downstream enterprises of the group.Taking Y commercial factoring company as an example,this paper analyses the problems encountered in the development of this kind of factoring company,and puts forward solutions.The purpose is to provide reference for the healthy and sustainable development of Y commercial factoring company.At the same time,the factoring practice of Y commercial factoring company is elaborated in detail,which can also provide reference for the establishment and later operation of other factoring companies.