Internet giant eyeing commercial factoring 20 trillion-dollar market cake temptation

At present, although business factoring is generally faced with the problem of profitability, but facing the temptation of 20 trillion yuan market cake, the internet giant's tentacles also began to extend to this area.

Take the Beijing east under the Shanghai State Trade Factoring Co., Ltd. (hereinafter referred to as the state exchange factoring) For example, in a short span of more than a year, the registered capital has been changed from the original 100 million yuan to the current 1.5 billion yuan.

Ping ' an commercial Factoring Co., Ltd. general manager Chen said that at present, domestic commercial factoring in the field of more successful three kinds of models: including Alibaba as the representative of the trading platform control mode, bank-led account + letter-control mode and specialized services for small and medium-sized business factoring.

At present, the company with the electric business platform and the payment system docking of factoring companies occupy a lot of initiative, relying on "capital flow, information flow and logistics" effective integration, such companies expand the scale faster.

In addition, some commercial factoring companies take the initiative to break through the reliance on bank financing, through peer-to-peer Internet channels such as financing, but the risk can not be overlooked.

Electric business giant to kill into the favorable factoring industry

Since 2013, a large number of capital has flooded into the business of factoring, many of which are Internet or e-commerce enterprises. such as Shanghai Lu Jin set up a professional factoring company-Ping commercial factoring company, Alibaba, Beijing east, etc. also have their own factoring company.

Industry insiders said many Internet enterprises either through equity bonds, or through technical ties to the factoring industry, which is conducive to the Internet and large data technology into the factoring industry, to achieve factoring in the supply chain among the members of the "capital flow, information flow and logistics" effective integration, and thus enhance the efficiency of factoring business, And the Internet electric Power company relies on its natural superiority, the business scale also can expand rapidly.

In the case of Jingdong Factoring, its legal representative is Liu, in just over a year, the registered capital has changed several times, the National Enterprise Credit information Publicity system shows that the registered capital of the company is 1.5 billion yuan, while the registration is only 100 million yuan.

Since it is necessary to pay the registered capital, the increase in registered capital also reflects the increase in the amount of factoring business in the state exchange, which can be discerned from some data.

It is understood that the Beijing-east of the Internet financial business mainly by two main body in the commitment: factoring in the main business is the state sinks factoring, small loan is the Beijing Remit Small Loan Co., Ltd.

At present, Beijing-East provided by the Beijing-Bao-Pui mainly for the Beijing-east platform for the suppliers. In the first month of 2014, Beijing-East supply chain financial loan was over 1 billion yuan.

Ying AO Factoring Chairman Liu Juting told reporters that the state sinks factoring in the electronic Business system factoring Company, the advantage is to master trade data, can provide online services. In addition, the electric business platform has the payment function, may on-line for the Platform Enterprise to do the settlement, does the factoring business, for the Internet and the electricity merchant, is a good choice. For most factoring companies, unless there is also payment and settlement data, know the business and the customer, otherwise (business) can not do.

"The nature of factoring business is the assignment of accounts receivable, that is, factoring around the enterprise's accounts receivable to provide a package of services." The service is divided into three major parts: one is financing, the other is bad debt guarantee, and the other is management. Management is divided into prior credit investigation, ex post management and collection. Although the formulations are slightly different, they are all derived from these three chunks of functionality, which are closely related to payments and can be quickly done with payment. "Liu Juting said.

Jin Rumbao Managing Director Xu Saihua also told reporters that some well-known internet companies into the industry visibility, awareness and publicity is relatively large, conducive to promoting industry development.

Industry insiders also told reporters that the internet giant to kill into the factoring market, is one of the strategic layout of these companies, but also once again proved the need for market segments and data support the charm, overall, the whole industry is good.

Some companies seek alternative financing channels

Since 2013, there have been cases of factoring companies raising funds through a special asset management plan, a pooling fund trust scheme, etc. As in July 2013, Shanghai Lu Jin, Shenzhen Ping ' an wealth management company entrusted to ping an bank Shenzhen branch issued a 85 million Yuan special commissioned loan scheme with the Yu Xin Silver International Factoring Company to carry out the education industry factoring project.

Because the external financing channel is not smooth, the commercial factoring development lags behind the bank factoring.

The industry said to reporters that the bank factoring dominates is also the current financial market is inevitable, whether the data and the accumulation of enterprise customers, it is easy for them to do very large, bank factoring 3 trillion yuan scale and business factoring 30 billion of the scale is the best example.

Some factoring companies, in addition to obtaining external financing through the above practices, are also financing through Peer-to-peer industries.

Since the second half of 2014, there are more than 10 peer-to-peer platforms have been online factoring business, including some of the platform to do factoring business. At present, the specific cooperation between factoring and Peer-to-peer platform is mainly the transfer of accounts receivable to factoring company, factoring company is responsible for financing enterprises, the formation of factoring assets after the right to return through a peer-to-peer platform to raise funds to investors, after the expiration by the factoring company is responsible for repurchase.

However, the controversy over whether Peer-to-peer platforms are safe for the docking of factoring assets has not ceased.

Xu Saihua told reporters that some banks to the factoring company in the financial support more cautious, now factoring company and Peer-to-peer platform docking, is a good model.

Liu Juting that, factoring assets docking network loan industry is very dangerous, peer-to-peer platform now do the transfer of debt, away from the asset securitization is very far, and in the basic assets, factoring assets relatively poor, to transfer out, may cause losses to investors. In addition, Peer-to-peer platform does not have the ability to distinguish, in this link, the asset quality can not be judged, Peer-to-peer platform did not in the transfer process of factoring assets to do the letter.

"Some financial leasing companies lack the funds to find us, we do not dare to do, the current structure is not safe, peer-to-peer platform can not do risk aversion." "Liu Juting said.

For the current factoring industry innovation, Liu Juting also said that factoring in addition to financing functions, can provide non-financial factoring business (Accounts receivable management, trade guarantee, etc.), the bank will not intervene in the latter. From the enterprise point of view, the financial and service outsourcing demand is very large, commercial factoring has a blue sea, factoring company management accounts receivable and bills will develop very well.