Development Status of International Factoring in China

International factoring is divided into bank factoring and commercial factoring in China. At present, bank factoring mainly includes Bank of China (No.1), Shanghai Pudong Development Bank, Ping An (original development) and Minsheng Bank. At present, the amount of factoring accounts for less than 4% of GDP, and commercial factoring is mainly about 30 factoring companies in Shanghai and Tianjin designated by the Ministry of Commerce. The current share is very small.

The above two pieces are mainly international factoring. Because as long as you join an international factoring organization like fci, you can complete the collection of accounts receivable in the form of double factoring. Of course, due to the problems of domestic credit information system, each factoring company's own credit information system is different, so its development also has its own performance.

At present, the handling fee for international factoring is 6% per year, and the service fee is about 1% per transaction. Therefore, it can be said that international factoring is still attractive to domestic export enterprises.

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