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Original title: China Banking Association: Factoring business needs to be expanded and penetrated by commercial banks
December 7thBank of China“ChinaFactoringindustryDevelopment Report (2019-2020) ”(hereinafter, the“ Report ”) noted that China has a huge business demand for factoring, which mustdealBankExpand and penetrate. Especially in the world outbreak of the new crown this year,international tradeIn the context of the complicated situation and the slowdown in domestic economic growth, the Party Central Committee, the State Council and the regulatory agencies have issued a series of policies to guide business.BankActive supportcompanyResumption of work and production, without problems.Industrial chainThe capital chain promotes the dual cycle of international and nationalBankThe expansion of factoring financing brings new opportunities.
The “Report” considers that in the face of the adverse effects of the global economic recession and the epidemic, China has proposed a proactive fiscal policy with the expansion of domestic demand as the main objective. From 2019 to 2020, the Central Committee of the Communist Party of China, the State Council and the regulatory authorities have successively issued a series of measures to optimize the financial services system, improve the financial service information platform and increaseBig financesLaws and regulations intended to support policies. Taking into account the Civil Code of the People’s Republic of ChinacontractSpecial chapter, “Opinions on creating a better development environment to support the reform and development of private enterprise”, “On strengtheningCommercial factoringNotice on Business Administration and Oversight, “Accounts Receivable RecordPromiseThe promulgation and implementation of these laws and regulations, such as the “Management Measures”, promoted and promoted in an objective and effective manner the standardization and standardization of factoring business operations, further improved the account risk prevention and control system. receivable and contributed to the healthy development of the factoring business. It created a good atmosphere.
The “Report” believes that in recent years, with the “Internet ++ “and the development of financial technology, factoring has embarked on an innovative, smart and convenient online development path.Commercial bankbyBlockchain、Big dataIntegration of emerging technologiessupply chainCash Flow, Logistics, business flow andInformation flowUse financial technology to improve business operations convenience and work efficiency – while factoringproductInnovation has entered a constant development stage and it is particularly important how to extend existing product innovation in accordance with market and customer needs Securitization and re-factoring of factoring assets build on existing products and continue developing through model innovation, and the volume and scalability of the product have been effectively improvedFinancing the Supply ChainThe platform fully plays the role of central companies and provides financing facilities for upstream and downstream customers in the supply chain.
The “report” is understood to beBank of ChinaIndustry associations for the eighth consecutive yearpublicrelease.This “report” consists ofBank of ChinaMember of the Standing Committee of Factoring Professional Committee of Industrial AssociationCITIC BankLead, ChinaICBC, Shanghai Pudong Development Bank,Bank of China、Communications Bank、Merchant Bank of China,ChinaEverbright Bank,ChinaConstruction bench,ChinaBank of Minsheng, China Development Bank, ChinaAgricultural Bank of China、Chinese mailSavingsBank,Ping a bank、Bank of Beijing, HSBC Bank (China) and 14 other units of the standing committee participated jointly in the drafting.
(Source: China Securities Network)
(Editor in charge: DF537)
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