Dilemma of factoring used in financing for medium and small enterprises

Factoring sprang up in the domestic market injects new vitality into the medium and small firm financing, also contributes to perfecting the sale market and improving the credit structure of the factors themselves. However, it is difficult avoiding the moral venture hiding behind the factoring process. This paper exerts a game-theory pattern to analyze it, and proposes some advices relative to the system construction.