| International factoring, appearing as a new integrated financial products, can effectively lower the foreign exchange risks for exporters when the payments is done by commercial credit so that it is welcomed by the exporters. Meanwhile, the formation of a buyer’s market at this stage, making the exporter shall select the method of settlement conducive to the buyer in order to increase trade competitiveness, the credit of the international factoring which meets the needs of exporters,so the development of international factoring for economic development has a positive effect.International factoring business was introduced to China in the1980s and has been developed in a fast speed in recent years. Though the commercial banks have established their own factoring businesses, the foreign trade enterprises have not started to apply this business, and what’s worse, they don’t even know the basic knowledge about this business. Unilateral factoring business volume does not explain the reality of international factoring the specific development stage, studying of international factoring Syria-funded commercial banks, often only do import and export factoring with recourse factoring, and can not carry out sales ledger management and other related financial services. Thus losing the advantages of international factoring own characteristics. International factoring in our current stage of development deformity.To promote China’s international factoring industry’s overall development, this paper is mainly based on China and European countries the development of international factoring industry comparison, to explore differences arising from internal factors, and based on the difference of our international factoring business underlying causes of underdevelopment, and the corresponding improvement mechanisms.Text is divided into six parts:The first chapter is an introduction, the second chapter is an overview of international factoring, a brief introduction of the international factoring business. The third chapter is introduced China’s macro status of the development of international factoring. The fourth chapter describes the development of European countries Factoring situation. Chapter V of the development of domestic and international factoring differences and the reasons is the focus of this chapter, based on the status of the first two chapters introduce to identify points of difference and thus the development of research reasons for the differences. Chapter VI of the development of international factoring put forward policy recommendations relative, from the macro environment construction, commercial banking operations, foreign trade enterprises to strengthen understanding three aspects of international factoring gives advance in our development recommendations. |
