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January 18, 2016

Verifying Chinese Business License

Filed under: chinese economy — Tags: , — solaroutdoorlight @ 1:52 am

Most small businesses look to the “East” for suppliers and China is a highly sought after destination.

However, the key concern for these buyers is identifying reliable suppliers and safeguarding themselves from any potential risks. We will take a look at some simple ways to do this .

If you are a buyer looking for new suppliers in China, you might end up with a list of a couple of potential good ones. Of course you then want to find out whether these suppliers are indeed reliable and experienced, or whether it’s a scam, so make china company verification with a Factory Audit is very useful at this stage in.

When a factory audit is conducted by a third party quality control company, they always collect as much information as possible about the supplier of your choice. A large part of an audit consists of document collection. However, at the site it is not possible to verify these documents, especially business licenses, as they could be problematic. Chinese government authorities cannot legally protect your business if you are doing ‘business’ with illegal companies. However, there is only so much you can do to find out whether or not the license is legitimate.

First, what is a business license? Each legal company has to register itself with a local Chinese Bureau of Industry and Commerce or a similar government agency. Rural companies tend to register at a provincial level, but urban companies usually register at the city level. The company then gets a unique company number, which will be printed onto a nice document: the business license.

Then, how can we help you verify this unique company number and the business license? A QC company can check the business license itself for signs of forgery. There are several common ‘mistakes’ that we know how to find, such as false names or addresses, but this requires a close look and an experienced eye. At the factory, the auditor usually has to work his way through many documents, so he simply does not have the luxury to sit back with one document and take his time to inspect it. Therefore, this is much better done at the office. If any discrepancies are found in the document you can be certain the business license is a fake.

When there is no sign of forgery on the business license, it is not necessarily a legitimate document. The unique company number could still be false. Even though we possess the skills to find out the truth, an investigation might have inconclusive results. Sometimes it is sufficient to search for the supplier directly online through the website of the relevant Bureau of Industry & Commerce. However, note that all information from the Bureaus is in Chinese. At a provincial level in industrial provinces, like Guangdong province, information about business licenses is accessible online, but in less developed regions and on other governmental levels information is usually not readily available. In this case QC staff will contact the Bureau directly. It then depends on the Bureau how long it will take to get information and they will usually ask you to come by the Bureau in person an discuss the options.

As you can see, verifying a Chinese business license is a unique company registration number requires quite some effort, because there is not one database where all the numbers can be found. The registration system in China is very decentralized, which makes it hard to just go ahead and verify the business license by yourself. As a third party inspection company, AQF can definitely help out.

china company verification

china company verification

January 4, 2016

How about China’s economy tanks?

Filed under: chinese economy — Tags: , , — solaroutdoorlight @ 1:18 am

The Chinese housing bubble is at risk of bursting due to economic imbalances. If China’s housing bubble bursts, a shockwave will reverberate through its economy, causing a dramatic slowdown that will spread around the world. Utilizing a powerful new simulation tool, we forecast how a “hard landing” for China would impact the global economy.

China’s business climate is uncertain and growing more so by the day. Cheap china trade credit and a ballooning shadow banking sector in the past few years drove a massive increase in new lending, which fueled a red-hot real estate market and excess construction. As the economy cooled, the massive housing supply ramp-up resulted in high vacancy rates in some Chinese cities, which led to steep price discounts on new properties and rising default rates among smaller property developers.

Global corporations are watching China closely, wondering what will happen next. If the situation were to spiral out of control, they must be able to evaluate the impact on their business quickly and make appropriate course corrections. For instance, what does a hard landing in China mean for interest rates, trade, capital investment, commodity prices, and consumer demand, not only in China but in Europe, India, the US, and elsewhere? The more variables they can control to simulate possible scenarios, the better prepared they will be to respond to the one that actually unfolds.

Using a new econometric simulation tool called the Global Link Model, IHS is able to quantify the impact of economic shocks and regulatory changes to test a wide range of scenarios on the global economy. The model includes 68 countries and is linked to sector-specific econometric models, enabling users to see how changes in the macro-economy impact sectors and companies, as well as how changes at the micro level influence overall economic developments.

This article examines the consequences of just one scenario: a hard landing in China and the impact it would have on both the Chinese economy and the global economy. We define a hard landing as annual GDP growth for China of less than 5%. See the table at the end of this article that captures the impact on GDP growth for 15 of the largest economies in the world.

china trade credit

china trade credit

 

October 13, 2015

Where you can check credit

Filed under: chinee economy — Tags: , — solaroutdoorlight @ 1:45 am

Chinese fnancial system has been keeped in a poorly development for a while, which implies the revelent of credit sonstraints and different source of finance. Many people think that trade credit is the accounts payable, or accounts receivable, actually it’s not, china trade credit( http://www.cnbizsearch.com/)  is different with these two.

Maybe you want to know ,what is trade credit? Oftenly we define trade credit as an agreement. In this agreement customer can puchase goods on account without payng in cash, and the paying was not timely for supplier. A specific trade credit number will be given when the goods was delivered ,usually 30 or 60. Some special business , such as jewelry, entend their credit to a more long time.

Wikipedia tell us that trade credit is the credit extended by one trader to another trader for the purchase without immediate payment. Trade credit is used as a sourse of temporary financing for business organisations, expecially business to business (B2B) sellers in the United States.

For many area of business, trade credit is an useful tool for increasing you finance. Suppliers extend you a trade credit, for you can buy in time and pay later. By this definition, anytime you enjoy goods,service or other valuables without paying in money, you are using the trade credit.

It’s clear that trade credit is important to customer as well as business, and if you want to develope some trade in china, how can you ensure you partner’s credit? What about you partner’s performing in past year? Want to screen qualified buyers or suppliers in China? You can check trade credit in Cnbizsearch if you need, for example business managers, credit risk managers, and line associates.

Cnbizsearch is known as Shanghai Anson Business Consulting Company Limited.AS a credit and risk management, it support service and commercial information in China.

Cnbizsearch provide thousands of trade credit of chinese company, you can search for what you interested in this large database. Just real data, and by these data you can make your own analysis and then conclude by yourself.

If you want more imformation about chinese credit, pls pay attention to Cnbizsearch.

china trade credit

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