An Analysis of Applicability of Factoring for SMEs and Its Application Mode
Xiaohong Chen
Abstract
Xiaohong Chen
Abstract
The market for factoring in China has been growing at rapid rates in recent years. Different from developed countries,Chinese SMEs are seldom involved in factoring business.Through analysis,we can draw a conclusion that SMEs are more suitable for factoring,which provides a solution to cash gap and scarcity of credit management.Currently,it is an applicable pattern for commercial banks to cooperate with export insurance companies and credit guarantee organizations in international and domestic factoring for SMEs.
A significance statement is not available in the OpenAlex record.
A contribution statement is not available in the OpenAlex record.
Method details are not available in the OpenAlex metadata.
Findings are not separately available in the OpenAlex metadata.
Limitations are not available in the OpenAlex metadata.
Application details are not available in the OpenAlex metadata.
The market for factoring in China has been growing at rapid rates in recent years. Different from developed countries,Chinese SMEs are seldom involved in factoring business.Through analysis,we can draw a conclusion that SMEs are more suitable for factoring,which provides a solution to cash gap and scarcity of credit management.Currently,it is an applicable pattern for commercial banks to cooperate with export insurance companies and credit guarantee organizations in international and domestic factoring for SMEs.
Key concepts: Factoring, China, Business, Scarcity, Cash, Mode (computer interface), Industrial organization, Economics