Recently, Yingda Huitong Commercial Factoring, a subsidiary of State Grid, was approved for dissolution, and Yingda Huitong Factoring has completed the company's cancellation process.
*: Enterprise Chacha.
Xiaofu noted that before the cancellation, the registered capital of Yingda Huitong factoring was as high as 400 million yuan, and the company was established in 2015, nearly 9 years ago. It is speculated that the cancellation of Yingda Huitong's factoring is similar to the previous cancellation of central enterprise factoring, or it may be affected by the "one control and one participation" policy of central enterprise factoring companies. Prior to this, there were two commercial factoring companies in the State Grid system: State Grid Xiong'an Li and Yingda Huitong Factoring.
At the same time as the cancellation of Yingda Huitong factoring, the registered capital of State Grid Xiong'an increased from 200 million yuan to 81.6 billion yuan, showing that the State Grid is still increasing investment in the field of commercial factoring.
At the same time, in November 2023, Shanghai Xinkangze Commercial Factoring, a subsidiary of Aviation Industry Corporation of China, has so far reached 11 commercial factoring companies that have been cancelled, to be cancelled or renamed since the second half of 2022.
Among them, TravelSky Factoring, a subsidiary of Gold Network, and Minmetals **Chain Factoring, a subsidiary of Minmetals, changed their names last year, and after the name change, the company's business scope no longer includes commercial factoring and withdrew from the factoring business. In addition, including Hengtian Jingwei Commercial Factoring *** SINOMACH Group), Sinopharm Group Commercial Factoring *** Sinopharm Group), Haihui Commercial Factoring (Tianjin) **COSCO Shipping), Liaoning Henghui Commercial Factoring *** Angang Benxi Iron and Steel Co., Ltd.), Shentie Commercial Factoring (Tianjin) **SDIC Shenzhou High-speed Railway), Sinochem Mingda Commercial Factoring (Tianjin) **China Coal Geology Administration), Hongyi Commercial Factoring (Tianjin) **Sinochem-Yuandong Horizon) started or completed the cancellation.
It is speculated that the main reason for the cancellation of the above-mentioned factoring is the impact of the "one participation and one control" factor of the factoring company of the SASAC and the clean-up of the "two nons" and "two capitals". Up to now, there are still 55 central enterprise factoring companies left, and according to the current policy, there is still a possibility that some central enterprise factoring will be cancelled in the future.
At the beginning of December 23, the special meeting of the Party Committee of the State-owned Assets Supervision and Administration Commission to promote the special governance of enterprise inspection and rectification was held, at which the State-owned Assets Supervision and Administration Commission notified the Party Committee of the State-owned Assets Supervision and Administration Commission to carry out the special governance work plan for the business risk of the financial sector of the enterprise. At that time,The special governance work plan believes that it is necessary to focus on "four areas", namely trust companies, finance companies, commercial factoring companies, private equity investment, etcAt the same time, it is necessary to comprehensively study and judge the overall risk of the corporate financial sector, early identification, early warning, early exposure, and early disposal.
Xiao for the notice,Recently, some central enterprise factoring has started business self-inspection. According to a recent report published by the National Audit OfficeAt present, the focus of the self-investigation of central enterprise factoring may be on "beautifying the financial statements" for some central enterprises (carrying out the "fake statement" type of two-gold factoring business).
Combined with the spirit of recent financial supervision, Xiaofu believes that central enterprise factoring may be at a critical juncture of high-quality development, and in the future, the role of central enterprise factoring as a connector between industry and finance, a digital pioneer and an explorer of scene services may be further expanded, and the financial attributes of industrial factoring, including central enterprise factoring, will also begin to fade.
*:*Chain Industry Observation.
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