A few days ago, the China Banking and Insurance Regulatory Commission issued the "Notice of the General Office of the Special Database China Banking and Insurance Regulatory Commission on Strengthening the Supervision and Administration of Commercial Factoring Enterprises" (Yinbaojianbanfa  No. 205, hereinafter referred to as the "Notice"). "" or "Circular 205"). In recent days, major platforms have interpreted it from different perspectives, fully affirming the Special Database significant impact of Circular 205 on commercial factoring, believing that factoring companies are facing a major reshuffle (especially the short period of rectification and clean-up).
And the factoring business is also face major adjustments. At the same time, some experts questioned Document No. 205, arguing Special Database that many fundamental issues were not explained clearly, and even the contents were "patched together". As a financial technology practitioner, this article tries to start from another angle, starting from Circular 205, and not limited to Circular 205, to talk about the necessity of fintech in future business development. View After sorting and screening, this article will mainly focus on four aspects: transaction authenticity, asset concentration, support for small and micro enterprises, and regulatory verification. Among Special Database them, the first three are the direct requirements for the factoring business. And the last one is the management of the factoring company itself.
Transaction authenticity The "Notice" clearly states in Article 3 of the first part of operating in compliance with laws and Special Database regulations that the commercial factoring business is a supplier transferring its accounts receivable based on real transactions to a commercial factoring enterprise, and the commercial factoring enterprise provides it with "" 4+2" service. Although this article is controversial by experts, it limits the factoring business to supply chain financial scenarios, and does not cover financial leasing claims, small loan claims, etc., which Special Database makes it difficult to judge business compliance, or restricts the management of Document No. 205. But let’s exclude the controversial part first and focus on “real transaction”.