The Study On The Development Of Commercial Factoring Business Of C Company

At present,China’s economy is undergoing structural adjustment and dynamic transformation under the new normal,and its economic growth continues to slow down,making it difficult for the real economy to operate.Commercial factoring,as a credit tool providing receivables financing and risk management services,has the characteristics of counter-cyclical,and plays an important role in solving the problem of difficult and expensive financing for smes and supporting the development of the real economy.Since the ministry of commerce carried out pilot commercial factoring in some parts of China in the second half of 2012,China’s commercial factoring industry has developed rapidly.By the end of 2017,there were a total of 8,261 registered commercial factoring legal entities and branches(excluding cancelled and revoked enterprises)in China,an increase of 48%over the 5,583 enterprises at the end of 2016,and a 90-fold increase over the stock of registered enterprises in the year when the ministry of commerce carried out the pilot of commercial factoring at the end of 2012.In 2017,China’s commercial factoring business volume was about 1 trillion yuan,doubling from 500 billion yuan in 2016.In the past few years,the registered number and business volume of commercial factoring enterprises in China have achieved rapid growth,but the overall development is still in the primary stage.With the development of commercial factoring industry,there are also many problems,such as:lack of industrial policy support,severe financing environment,shortage of professional talents,etc.,which greatly restrict the development of the industry.Based on the above background and current situation,this paper takes C commercial factoring company as the research object and summarizes the concepts and theories related to factoring business by consulting literature and learning from the existing research results of domestic and foreign scholars.Taking C company as an example,this paper analyzes the development status of commercial factoring based on the risk control,general business process and development achievements of factoring.The characteristics,advantages and difficulties in different factoring business models of C company are elaborated comprehensively with the methods of case analysis and comparative analysis.Find out the prominent problems existing in the development of factoring business,and put forward operational countermeasures and Suggestions.It is hoped that the study on this issue can not only promote the further development of factoring business of C company,but also provide certain reference for the sustainable and healthy development of other commercial factoring companies.