1. Enterprise investors should have experience in commercial factoring business or related industries.
2. Enterprise investors should have the corresponding asset scale and financial strength to carry out factoring business, have a sound corporate governance structure and a sound risk internal control system, and have no recent record of illegal punishment.
3. When applying for establishment, the enterprise shall have at least two senior managers with management experience in the financial field and no bad credit record.
4. An enterprise shall be established in the form of a company. The registered capital is not less than 50 million yuan, and all of them are contributed in cash.
5. Having a sound internal control system, including but not limited to risk assessment, business process operation and monitoring.
6. A financial leasing company engaged in commercial factoring must meet the conditions for the establishment of a financial leasing company in addition to the above conditions.
The above contents are for your reference. Please refer to the actual business regulations.
If you have any questions, please contact online customer service of Bank of China.
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