Factoring: An Effective Financing Option to SMEs in China
Factoring is a growing option of external financing for small and medium-size enterprises (SMEs) in China since its entry into WTO in 2001. The reason why there is considerable potential for factoring in China underlies three aspects: large funding gaps and serious difficulties in getting financial supports by SMEs, dramatic trade growth, and tremendous increase of factoring business itself in China as well as around the world. Data analysis also shows there is a good chance for factorings further growth in China. Therefore, some recommendations are put forward to advance factoring in Chinese market in this paper, such as strengthening credit information infrastructure, enhancing legal and judicial system and training professional personnel.
Factoring Financing Small and Medium-size Enterprises
FENG Yue
Economics and Management Department, Nanjing Institute of Technology, P.R.China, 211167
国际会议
2009 International SME Development Forum(2009 中小企业发展国际论坛)
北京
英文
318-322
2009-10-01（万方平台首次上网日期，不代表论文的发表时间）