2. Modern factoring industry evolved from the development of modern American commercial agency activities in the19th century. The earliest international factoring business in China came into being at 1987. International factoring has been translated in many ways in Chinese-speaking areas. Until 199 1, the former Ministry of Foreign Economic Relations and Trade of China (now the Ministry of Commerce) organized professionals from foreign trade departments and banking departments to inspect the international factoring business in Europe, and finally decided to use the name "factoring" in China, which has been used ever since. At present, in the factoring industry, bank factoring has an absolute advantage in business scale, but bank factoring pays more attention to financing. When handling business, it is still necessary to strictly review the seller's credit status, need sufficient mortgage support, and also occupy its credit line in the bank. Therefore, bank factoring is more suitable for large enterprises with sufficient mortgage and risk tolerance, and small and medium-sized commercial enterprises usually fail to meet the standards of banks.
3. Commercial factoring institutions pay more attention to providing a series of comprehensive services such as investigation, collection, management, settlement, financing and guarantee. , and focus on a certain industry or field to provide more targeted services, pay more attention to the quality of accounts receivable, the reputation of buyers, the quality of goods, etc. , rather than the qualification of the seller, thus completely transferring the risk of unsecured and bad debts.