The only National self-disciplined organization in commercial factoring industry in China
High-end communication and cooperation platform for commercial factors
About CFEC
Established in 2012, approved by the Ministry of Commerce and registered in the Ministry of Civil Affairs when the commercial Ministry started the pilot of commercial factoring in China. Commercial Factoring Expertise Committee (CFEC) of China Association of Trade In Service (CATIS) is the only national self-disciplined organization in commercial factoring industry in China.
Goals
To promote the robust development of commercial factoring in China;
To improve the management and service of commercial factors;
To bring together government departments, chambers, associations, research institutes, colleges and universities to exchange views on the development of Chinas commercial factoring industry;
To enhance international exchange and cooperation.
Organizational Structure
l 193 Members
1 Director--Chinese Academy of International Trade and Economic Cooperation, MOFCOM
34 Deputy Directors
56 Members of standing
102 Ordinary Members
l 5 Work Groups
Policy, law and regulation
Education and training
Risk management
Finance
Internet finance
l 13 Liaison offices
13 liaison offices established in different provinces and cities, including An Hui, Guang Dong, Guang Xi, Jiang Su, Nanning, Shan Dong, Chongqing, Changsha, Shanghai, Shenzhen, Wuhan, Hong Kong and Horgos.
l Research Institute
Yueda Factoring Research Institute
Established in 2015, Yueda Factoring Research Institute focuses on the study and research of the factoring market in China in addition to publishing academic papers and reports related to commercial factoring.
l Academic Committee
21 members in the committee
Being the advisors or consultants for meetings, forums, etc. or the reviewers for academic papers and reports
Important Events
l Workshops of CFEC Directors, held in January annually
l The Commercial Factoring Industry Summit of China, held in early April annually
l Conferences on Receivables Finance and Cooperation, held in August or September annually
l Training and tests for National Factoring Certificate of China(NFCC), held every two months
l Public education activities of commercial factoring, held occasionally
l China Commercial Factoring Awards
Achievements
l Specimen Contracts of Domestic Commercial Factoring (recourse and non-recourse)
l Operational Guidance for Risk Management of Commercial Factoring
l General Rules for China Domestic Two Factoring
l Provisions for Operational Risk Assessment Agency
l Self-discipline pact for commercial factoring employees
l Commercial Factoring Credit Information Exchange System ( the Blacklist system)
l Terminology of China Commercial Factoring
l Annual Report on the Development of China Commercial Factoring Industry
Facts & Figures
l Number of commercial factors
2012---71
2013--- 284
2014---1,220
2015--- 2,514
2016--- 5,584 ( Operational: 1,100, Active: 800)
l Commercial factoring turnover
2012---10b RMB
2013---20b RMB
2014---100b RMB
2015---200b RMB
2016--- 500b RMB
l Accounts Receivable
2012---8,219 b RMB, up 17.63%
2013---9,569 b RMB, up 16.43%
2014---10,517 b RMB, up 9.9%
2015---11,450 b RMB, up 7.9%
2016---12,600b RMB, up 9.6%
* Accounts Receivable are from industrial enterprises with annual revenue of 20 million yuan (3 million US Dollars) or more from their main business operations.
l Sources of funding
ABS---46%
Non-bank financial institutions---23%
Bank loans---13%
Shareholder's equity ---9%
P2P---6%
Others---2%
l Assets Exchange Institutes---1%Sectors and turnover
Aviation---51.65b Yuan
Wholesale and retail---9.81b Yuan
Construction---5.58b Yuan
Manufacture---4.88v Yuan
Road Transport and warehouse ---2.42b Yuan
Agriculture, forestry, animal husbandry and fishery industry---1.9b Yuan1.17b Yuan
Real estate---0.95b Yuan
Pharmaceuticals and Medical Instruments---0.44b Yuan
Chemical Industry---0.41b Yuan
Trade---400m Yuan
Power, heat, gas, water production and supply---240m Yuan
Cultural & Media Industry---40m Yuan
Others---320m Yuan
Commercial Factoring Expertise Committee (CFEC), CATIS
Tel: 0086-10-64515241, 64515363
Address?No. 28, Dong Hou Xiang, An Ding Men Wai, Dong Cheng District, Beijing, P.R. China
Post Code: 100710
E-mail: cfec@cfec.org.cn
Website: www.cfec.org.cn
WeChat: shangbaozhuanweihui
