Brief discussion on legal prevention of risks of domestic factoring business of commercial banks

In recent years, commercial banks have stepped up the marketing efforts of the factoring business. With the establishment of the professional factoring committee of the Chinese Banking Association, commercial banks jointly signed the industry self-regulation Convention.However, factoring business as a relatively new type of business, commercial banks still need to learn how to effectively prevent its risks, which is a relevant topic.The article summarizes the existing problems and measures to prevent risks in order to promote the healthy development of the factoring business of commercial banks.