Research On Factoring Of China

Factoring is a kind of method of international settlement and trade finance. It has been widely used in more and more countries and areas during the recent 20 years. By the end of 2007, the number of factoring company comes to 1800 and the total volume for factoring stands now at€1,300,000 million. This service is now at its early stage of development in China. There is still a great space to improve. It is urgent to research the deeper reasons and make the right solutions to the problems that in application and development of factoring in China.This thesis consists of five parts. Introduction to the first part, this part describes the background and purpose of the study, the results of research both in China and abroad, research methodology and innovation. The second part sets out the meaning, type, factoring processes, function of factoring and necessity of factoring in China. The third part starts from the factoring development history, the situation of commercial bank and professional factoring in China to analyze the problems in Chinese factoring. The fourth part analysis of the global factoring, especially in mature markets such as Europe and the United States, Summing up the characteristics of foreign factoring,point out the defects of Chinese factoring. The fifth part is recommendation of the further steps of Chinese factoring development, which is, improving the development of factoring the external environment, strengthening self-construction of commercial banks to promote the development of factoring, positively researching to enrich the type of factoring, and promoting Chinese professional factors development actively, Step up publicity of factoring.