Tianjin Free Trade Zone website: The fourth "Yujiapu Factoring Forum" held an elite gathering to discuss innovative ideas in the industry
Release Date: 2017-08-29
Tianjin Free Trade Zone website March 30, 2017 news The fourth "Yujiapu Factoring Forum" was held in Tianjin Binhai Renaissance Teda Hotel today。The forum was hosted by the Administration Committee of Binhai New Area Central Business District of Tianjin, co-organized by the Academy of International Trade and Economic Cooperation of the Ministry of Commerce and the Commercial Factoring Committee of China Association of Trade in Services, and conducted in-depth exchanges on "Factoring Innovation to help the transformation and upgrading of the real economy under the new normal"。
The "Yujiapu Factoring Forum" has been successfully held for three sessions, respectively, with in-depth discussions on the three themes of "Integrated development of Jintai Factoring Industry", "Leveraging the Free Trade Zone to build Yujiapu Factoring Ecosystem" and "Supply-side structural reform and Innovative development of Factoring Industry"。The successful holding of the three forums promoted the communication and exchange of the commercial factoring industry, enhanced the visibility of Tianjin in the industry, and played a role in promoting the standardization, innovation and development of the entire industry。
Tianjin Commission of Commerce first introduced the development of the city's commercial factoring industry since Binhai New Area of Tianjin was approved as the first batch of commercial factoring pilot areas in June 2012。It is reported that as of March 27, 2017, the city approved the establishment of a total of 401 commercial factoring pilot enterprises, registered capital of 511.1.3 billion yuan。The city's commercial factoring industry adhering to the concept of standardization, specialization and scale, sustained and steady development。While strict access approval is encouraged, enterprises are encouraged to develop innovative businesses, and the entire factoring industry has achieved rapid development。
In the next step, Tianjin will continue to promote the innovation and development of our factoring industry in terms of foreign exchange management policies such as settlement and sale of foreign exchange by factoring enterprises, tax refund and foreign loan utilization quota, as well as international factoring business by factoring enterprises and credit system construction。
At the forum, industry experts from Tianjin Ruimatong Commercial Factoring Co., LTD., Zhengqi International Commercial Factoring Co., LTD., Longxin International Commercial Factoring (Tianjin) Co., Ltd. and other factoring companies exchanged and shared with their colleagues on the innovation and development of commercial factoring industry, combined with their own business models and successful experiences。
At the forum, Mr. Lu Zhanyang, general manager of Tianjin Rimaotong Commercial Factoring Co., LTD., mainly shared the market opportunities, business models and future strategic development direction of Rimaotong in the commercial factoring industry。
Cao Haidong, general manager of Longxin International Commercial Factoring (Tianjin) Co., LTD., shared at the meeting how to combine investment banking thinking with commercial factoring industry as a typical third-party factoring company in the market。At the same time, the company's research work and risk control measures in the whole field of commercial factoring were shared。
Liu Wuchao, Director of Bond Financing Business Department of China Investment Securities Co., Ltd. shared the relevant content of ABS business of commercial factoring companies，First, commercial factoring companies do ABS advantages;Second, the significance of ABS asset securitization to commercial factoring companies;The third is the requirements of exchange standardization for commercial factoring companies to carry out ABS business;The fourth is the situation of CIC doing ABS。
The successful convening of the factoring forum will play an important role in promoting the development of the factoring industry in Tianjin and even the whole northern region。The 5th (2017) China Commercial Factoring Industry Summit hosted by Binhai New Area Central Business District will be held at Renaissance Teda Hotel Conference Center on March 30。
