How Do I Get a Job in the Factoring Industry?

The Professional Committee of Factoring Business of China Banking Association, referred to as "factoring committee", is a committee established on March 10, 2009. In accordance with the working rules, units with independent factoring business management functions among the members of the China Banking Association can apply to join the factoring committee. The members of the first factoring committee include 14 domestic Chinese banks and 3 foreign banks.

Professional Committee of Factoring Business of China Banking Association

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Chinese name: Professional Committee of Factoring Business of China Banking Association
Short name: Factoring committee

was founded in: March 10, 2009
Committee members: 14 Chinese banks and 3 foreign banks

The purpose of the factoring committee is to safeguard the legitimate rights and interests of the banking industry and member units, improve the self-discipline management system of factoring business, and promote the sustainable and healthy development of factoring business. The basic principle of the work of factoring committees is "fairness, justice, democratic concentration."

The highest authority of the factoring committee is the general assembly of members, composed of all members of the factoring committee. The executive body of the member assembly is the standing committee, which is responsible to the member assembly. The Standing Committee consists of five members, including one director, one executive deputy director, and two deputy directors. The office of the factoring committee is located in the secretariat of the association. It consists of factoring business managers and a special manager of the association's secretariat, who are selected by five standing committee units and are responsible for daily work.

The work responsibilities of the factoring committee: (1) Organize research on policies and regulations related to the factoring industry, formulate business specifications and work guidelines, and promote implementation and enforcement; (2) safeguard the legitimate rights and interests of members in accordance with law, investigate, collect, and reflect factoring Opinions and suggestions from the industry, communicate and coordinate with regulatory agencies or other industry organizations; (3) coordinate and resolve problems or disputes existing in the factoring business of member units, and promote inter-industry cooperation; (4) regularly analyze and analyze factoring business data and Release to members to promote the exchange of information on factoring business; (5) organize professional training for factoring practitioners, carry out factoring business communication and publicity, cultivate and standardize the factoring market in China; (6) organize research on domestic and international factoring industry development Promote international exchange and cooperation in the factoring industry, communicate with relevant international organizations such as the International Factoring Association (FCI), and maintain the rights and interests of member units internationally; (7) Other matters entrusted by the association.

Working Rules of China Banking Association Factoring Committee

Chapter I General Provisions

Article 1 In order to clarify the work responsibilities of the factoring professional committee of the China Banking Association (hereinafter referred to as the factoring committee) and ensure that it performs various tasks in a timely and effective manner, according to the "Guidelines for the Banking Association" and the "Articles of Association of the Banking Association of China" ", To formulate these rules.

Article 2 The factoring committee is a professional working committee under the leadership of the China Banking Association (hereinafter referred to as the Association), and performs its work in accordance with the articles of association and these rules.

Article 3 The purpose of the factoring committee is to safeguard the legitimate rights and interests of the banking industry and member units, improve the self-discipline management system of factoring business, and promote the sustainable and healthy development of factoring business.

Article 4 The basic principles of the work of factoring committees are fairness, impartiality, and democratic concentration.

Chapter II Duties

Article 5 The factoring committee exercises the following responsibilities:

(1) Organize research on policies and regulations related to the factoring industry, formulate business specifications and work guidelines, and promote implementation and enforcement;

(2) Protecting the legitimate rights and interests of members in accordance with law, investigating, collecting, and reflecting opinions and suggestions from the factoring industry, and communicating and coordinating with regulatory agencies or other industry organizations;

(3) Coordinating and solving problems or disputes existing in the factoring business of member units, and promoting inter-bank cooperation;

(4) regular statistical analysis of factoring business data and release to members to promote factoring business information exchange;

(5) Organize professional training for factoring practitioners, carry out factoring business communication and publicity, and cultivate and standardize the factoring market in China;

(6) Organize research on domestic and international factoring industry development, promote international exchange and cooperation in the factoring industry, communicate with relevant international organizations such as the International Factoring Union (FCI), and protect the rights and interests of member units internationally;

(7) Other matters entrusted by the association.

Chapter III Members and Member Representatives

Article 6 All the members of the association that have independent factoring business management functions can apply to join the factoring committee.

Article 7 A member unit that meets the above conditions shall apply to the office of the factoring committee, commit to abide by these rules and designate a representative department, and become a member of the factoring committee after review and approval by the plenary meeting.

Article 8 members enjoy the following rights:

(1) the right to vote, to be elected and to vote;

(2) the right to propose proposals for plenary meetings;

(3) Supervising the work of the factoring committee and putting forward opinions and suggestions;

(IV) Sharing factoring business platform information

(5) Other rights that member units should enjoy.

Article 9 Members undertake the following obligations:

(1) abide by the working rules of the factoring committee and implement the resolutions of the plenary and the standing committee;

(2) Consciously maintaining a fair and orderly market environment and the legal rights and reputation of the factoring committee;

(3) Caring and supporting the work of the factoring committee and actively participating in various activities of the factoring committee;

(4) to regularly and accurately report the factoring business data of the unit to the factoring committee;

(5) timely and accurately maintaining the relevant information of the factoring business platform;

(6) Other obligations that members should assume.

Article 10 Member units must appoint a person in charge of factoring business department as a member representative, and represent members to participate in plenary meetings or standing committee meetings.

Member representatives, once identified, should be stable. If there are changes due to work transfers and other reasons, the new member representatives should be reported to the factoring committee office in a timely manner.

The opinions of member representatives shall be regarded as the opinions of member units.

Article 11 Domestic and foreign factoring industry organizations have the willingness to cooperate and promise to abide by these rules. After application and approval, they can join the factoring committee as honorary members.

Honorary members have the following rights:

(1) Supervising the work of factoring committees;

(2) sharing factoring business platform information within a certain range;

(3) Other rights that should be enjoyed.

Honorary members have the following obligations:

(1) to safeguard the legal rights and reputation of the factoring committee;

(2) Caring about and supporting the work of factoring committees and participating in the activities of factoring committees;

(3) Other obligations that should be assumed.

Chapter IV Plenary Meeting

Article 12 The highest authority of the factoring committee is a meeting of all members (hereinafter referred to as the plenary meeting), which is composed of all members of the factoring committee.

Article 13 The plenary meeting exercises the following duties:

(1) to review and approve the basic rules and regulations of the factoring committee;

(2) Election of the director unit of the factoring committee;

(3) Election of the deputy director unit of the factoring committee and member units of the standing committee (hereinafter referred to as the standing committee units);

(4) Review and approve the annual work plan and work report of the factoring committee;

(5) Examine and approve new members and honorary members to join;

(6) Review and approval of other matters that need to be decided by the plenary.

Article 14 The plenary meeting is held once a year. An ad hoc meeting may be convened upon the proposal of the Standing Committee of the Factoring Committee or more than one-third of the member units.

Article 15 The plenary meeting shall be convened by the Standing Committee. When convening a plenary meeting, all members shall be notified seven days before the meeting is convened. The plenary meeting may invite national regulatory authorities to attend as required.

Article 16 A plenary meeting requires the participation of more than two-thirds of the member units. The issues of the plenary meeting shall be raised by the standing committee units and member units and reviewed by the director or deputy executive director. The office is responsible for the preparation of the meeting.

Article 17 The plenary meeting adopts a voting system, with one vote for each member unit. In special circumstances, a written vote may be taken as required.

Article 18 The resolutions of the plenary meeting shall take effect only after a majority of the members present vote. The same principle applies to votes cast in writing.

Chapter V Standing Committee

Article 19 The factoring committee has a standing committee. Standing committee units are elected by the plenary session, and each term of office is two years, and they can be re-elected.

The Standing Committee may decide to increase or decrease units of the Standing Committee due to its work needs.

Article 20 The Standing Committee exercises the following duties:

(1) Organizing a plenary meeting and reporting to the meeting;

(2) implementing the resolutions passed by the plenary;

(3) exercise the duties of the plenary during the closing period of the plenary;

(4) New members and honorary members of the preliminary examination shall be submitted to the plenary for consideration;

(5) Selection and appointment of the director and deputy director of the office of the factoring committee

(6) Reviewing and revising factoring business specifications and work guidelines;

(7) Coordinating and handling member disputes;

(8) Responsible for other tasks authorized by the plenary.

Article 21 Meetings of the Standing Committee are held semi-annually, and an ad hoc meeting may be convened upon the proposal of the Chairman of the Committee or one-third of the Standing Committee units.

Article 22 The meeting of the Standing Committee shall be convened and presided over by the director of the factoring committee (Executive Deputy Director). When the director (executive deputy director) cannot perform his duties, the deputy director presides over it. When a standing committee is convened, members of the standing committee shall be notified three days before the meeting is convened. The Standing Committee meeting may invite national regulatory authorities to attend as required.

Article 23 The standing committee meeting adopts a voting system, with one vote for each standing unit. In special circumstances, a written vote may be taken as required.

Article 24 The resolutions of the Standing Committee meeting shall take effect only after more than half of the members present vote. The same principle applies to votes cast in writing.

Chapter VI Office

Article 25 The factoring committee shall set up an office responsible for daily affairs. The office is located in the secretariat of the association.

Article 26 The factoring committee office has one director and several deputy directors. The director is recommended by the director unit, and the deputy director is recommended by the standing committee unit to consult the secretariat of the association. The office director and deputy director are appointed by the standing committee.

Article 27 The office performs the following duties:

(1) Responsible for the organization of the plenary and standing committee meetings;

(2) to implement the resolutions of the plenary and the standing committee;

(3) Responsible for the daily management of the factoring committee;

(4) Responsible for tasks assigned by other plenary meetings and standing committees.

Chapter VII Director

Article 28 The factoring committee has one director, one executive deputy director, and several deputy directors.

The director unit is nominated by the full-time vice president of the association. The deputy director unit is nominated by the director unit among the standing committees and elected by the plenary session. Each term of office is two years.

Candidates for the director and executive deputy director must be selected from the director unit, and deputy director candidates must be selected from the deputy director unit. The director of the factoring committee shall be the senior management member of the director unit.

After the director and deputy director of the factoring committee are elected, they will be appointed by the association's council, and under the leadership of the association's council, preside over the factoring committee.

The director, deputy director, and deputy director of the factoring committee are also the director, deputy director, and deputy director of the standing committee.

Article 29 The director of the factoring committee exercises the following duties:

(1) Preside over the plenary meetings and standing committee meetings of factoring committees;

(2) Leading and organizing important work of the factoring committee;

(3) reporting to the plenary meeting and the board of directors of the China Banking Association;

(4) the nomination list of the standing committee units of the nomination standing committee;

(5) Perform other duties assigned by the Standing Committee.

Chapter VIII Supplementary Provisions

Article 30 These rules shall take effect after being considered and approved by the plenary meeting of the factoring committee and reported to the association for approval.

Article 31 The Standing Committee of the Factoring Committee is responsible for revising and interpreting these rules.

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How Do I Get a Job in the Factoring Industry?

Professional Committee of Factoring Business of China Banking Association

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