The 13th (2025) Commercial Factoring Industry Annual Conference & the 12th Yujiapu Factoring Forum Opens in TEDA

On October 23, the 13th (2025) Commercial Factoring Industry Annual Conference & the 12th Yujiapu Factoring Forum opened in TEDA. As the most influential and largest annual event in the commercial factoring industry, this conference centered on the theme of "Models and Pathways for Commercial Factoring to Serve the Real Economy During the Peroid of the 15th Five-Year Plan," attracting nearly 500 representatives from commercial factoring enterprises and related institutions across the country. 

The conference released the China Commercial Factoring Industry Development Report (2024-2025) along with sub-reports, and the 10th Innovative Cases in Commercial Factoring. During the event, the Tianjin Pilot Free Trade Zone Commercial Factoring Innovation Lab was officially established. Jointly formed by the Tianjin Pilot Free Trade Zone, the TEDA Administrative Commission, and the Commercial Factoring Professional Committee, the lab is dedicated to addressing industry development challenges, exploring innovative pathways, and providing replicable "Tianjin experience" at the national level.

To date, TEDA has been home to 143 active factoring companies, with total assets accounting for nearly 20% of the national total. A industrial cluster has taken shape, led by China Reform Factoring, the nation's first central SOE-backed factoring company with assets exceeding RMB 100 billion, supported by factoring firms with central SOE, provincial SOE, and Top 500 Chinese enterprise backgrounds at its core, and backed by well-known private and industry-leading factoring companies. Moving forward, TEDA will focus on four key areas—technology-driven business upgrading, expanding international business efficiency, guiding internal compliance, and encouraging business model innovation. Such efforts will advance the digital transformation of the factoring industry, explore the ways to establish an international factoring mechanism for foreign currency receipts and payments characterized by "business closure and controllable risks," and pioneer new business models such as green factoring and technology factoring.