China Company Search Services
Creditreform operates a global specialist International Business credit report service. We have local offices and fully approved international risk analysis experts in every country worldwide. This enables us to provide expert up-to-date business credit report information on businesses anywhere in the world.
Main reasons why our business credit reports are so important they enable clients to trade with confidence.
The local International Company Search Partners are able to:
- Assess local businesses trading activities.
- Update information immediately if there are any changes.
- Give accurate feedback based on the local economies.
- Communicate effectively with businesses as they share the same time zones.
Herewith details of our business credit reporting service in China:
Location of China Company Search office?
HQ in Shanghai, other offices a.o. in Beijing and Kushan
Number of China Company Check staff?
Company staff 95, besides nearly 100 temp. staff (final number depending on work load) and outsourced activities
How long have you been operating a China company search service?
Since 2008
What type of business credit reports do you provide in China:
Corporate business credit reports online and offline – Only offline reports
Non limited business credit reports online and offline – Offline reports only
Bespoke investigated business credit reports – Yes
What are the company search report delivery times in China?
- Instant Online China company credit report – Yes
- Express China company credit report – 5 Working Days
- Normal China company credit report – 7-10 Working Days
How many company registries are there in China for businesses (i.e. UK has just 1 central registry)?
50+ (the number changes regular due to reorganisations)
How many registered companies are there in China?
100+ million which includes government institutions etc.
What are the most common type of companies in China? (i.e. in UK we have Private Limited / Public Limited / Sole Proprietors / Partnerships)
Similar to most countries:
joint venture companies
partnerships
private limited companies
public limited companies
representative offices
sole proprietorships
Specifically for non-Chinese: Wholly Foreign-Owned Enterprise (WFOE),
China Economy:
Currency: Canadian Dollar
GDP Ranking: 10th
Population: ca 38 million
More than 75% of working Canadians now have jobs in service industries. The other two main industries are manufacturing and natural resources.
What additional information can be obtained in an investigated business credit report compared to a database report?
In principle no difference as database report in fact is an older investigated report, some elements though can be of a more recent date
Information Available in the business credit reports in China?
What information is compulsory to be filed in China (i.e. Financials / Shareholders / Share Capital / Directors / Management):
All but not all at the registry office; financials need to be submitted to the tax office (tax authorities have no obligation of sharing financial information)
Do business credit reports in China contain negative information? (for example, bankruptcies, court judgments, insolvency details, negative payment history, etc) / yes, investigated reports do contain negative data when applicable), most data is coming from various courts;
When available payment history data will be shown though in China it is very uncommon to share this kind of information
Are financials details required to be filed in China?
Yes but only with the tax authorities, larger entities might be required to also file Statistics Office
If yes, how often are financials required to be filed by China?
Yearly by the end of April; extension is possible but no later than the end of October
What are the penalties if a company fails to file their financials on time?
Dealt with on an individual bases
Do you provide a monitoring service in China?
Yes, the principle is that it will cost twice the cost of an investigated report; after issuing date of the investigated report, the company will check minimal once per quarter all the data elements of the report; when one or more of these data elements change, the client will be informed. The monitoring ‘contract’ ends 12 months after the issuing date.
If yes, what information can be monitored for each company?
All data elements
Do you provide Consumer credit reports / Private Person reports in China?
No, in principle not
International Sanctions – Chinese Credit Reports
International sanctions are not included in our standard credit report. Our report is mainly focus on local blacklist search (Search for blacklists of industry associations, and other institutions, published by the Chinese government, including but not limited to: trustees who have been dishonestly executed, and an invitation to bid or tender, etc.)
Specialist Debt Recovery Service China No Win No Fee
There are many unique requirements to international debt collection services in all countries including China debt collection services which differ from the UK debt collection agency services and therefore it is very important that cases are handled directly by our expert China debt collection agency and not from debt collectors UK. This method of China debt collection sets Creditreform aside from the competition who in many cases will operate an international debt collection service from a UK debt collector only. Using the local China debt collection agency enables us to achieve a far greater success rate and our No Win No Fee service together with competitive commission rates against monies recovered only ensures you get the best service.
China Tracing No Find No Fee Tracing Service
Creditreform’s debt collection company service also uses expert international tracing agents including China tracing agent services to locate any absconded debtor. This tracing service is provided on a No Find No Fee basis only charging for a successful trace.
Specialist Company Search Experts
There are many unique requirements to providing international company search reports in all countries including China company search services which differ from company credit reports UK services. Therefore it is very important that information is obtained directly by our expert international local company check partners and not from the Credit Report UK services. Our multi lingual local company search partners are able to provide all business credit reports in English including the bespoke investigated business credit reports.
