Study On The Development Of Factoringof Z-Bank H-branch

With the acceleration of reforms about China's domestic financial system,commercial banks continue to improve their competitiveness through their varied kinds of financial products.As a new integrated business,factoring has opened up new and more convenient and efficient ways for the financing of small and medium-sized enterprises.It can bring considerable benefits to banks and have a promising market.It is an intermediate business that is worth for domestic commercial banks to develop.This paper takes Z Bank's H-branch as research object,first introduces the function of factoring business and its development.Then it analyzes the development status of H-branch,and explains the development background of the H branch factoring business and the current situation including changes in the scale of development,product status,and risk management.Secondly,based on the analysis,the paper gives the problems in the development of H branch factoring business.It mainly includes small business scale,slow development,single customer positioning structure,single product type and homogeneity,lack of professional talents,and insufficient risk control.The reasons for the existence of the problems include:H city's economic underdevelopment,local SMEs poor credit,Industry competition,the branch itself is not enough attention,insufficient marketing investment and national policies are still not perfect.Finally,combined with the advantages of H-branch in the development of factoring business,and in response to its existing problems in the development process,the paper gives concrete suggestions for promoting business development.The first is to strengthen marketing efforts and increase market awareness.The second is to create a professional factoring team and strengthen employee training.The third is to strengthen the combination of banks and Internet finance,and the combination of insurance companies and asset securitization businesses,and to enhance customer appeal through product innovation.The fourth is to improve risk control.Perform due diligence before lending,and strictly examine various documents and contracts for accounts receivable in loans,strengthen internal controls,and prevent bank employees from operating risks.