Background check Chinese company via 'China Checkup'
Nowadays a new online service allows businesses to verify Chinese companies quickly and affordably. Creditreform(China) is one of the leading providers of credit and risk management support services and commercial information in China. It makes official registration checks on Chinese companies accessible to businesses around the world.
For many countries China is a very important import and export destination. Make china background check is an important step in making informed decisions and doing business safely in China. It can also help you to avoid becoming a part of China's booming fraud industry.
Matt Slater started his China business consulting company 2 years ago, and he is doing things differently to the rest. 'cnbizsearch' lets customers order Chinese company verifications online. The whole process takes place via a secure online payments system. The new service has already received a very positive feedback from the market.
"There needs to be an affordable and streamlined way to obtain this information, which more and more companies require. This is what we hope to provide through cnbizsearch."
Tips – How to avoid problems
Mr Slater also gave some recommendations for avoiding problems when doing business with Chinese companies:
1. Have a contract, and translate it into Chinese. The value of a clear contract isn't just to have something to fall back on if disputes arise. It also ensures that both parties are on the same page.
2. Make it very clear that you're serious about the relationship. Demonstrating commitment to the deal and its results from the start will serve to put off potential low-quality companies, and give high-quality companies the confidence to move forwards with you and your company. Make it clear from the beginning that you will be carrying out background checks, audits and quality inspections.
3. Take responsibility for quality. Don't make the mistake of assuming that the other party will 'fill in the gaps' or handle any oversights not fully specified. Assume that it's your responsibility to clearly and completely communicate your expectations.
4. Documents can be faked. Take the view that documentation you are shown is meaningless until you can independently verify it through background checks and confirmations with the issuing authority.
5. Also remember that you get what you pay for. Some people doing business with Chinese companies think that the usual relationship between cost and quality doesn't apply in China. This leads to deals going bad. China may be cheaper in general, but there is certainly a limit to this. Recognise that the other party also needs to make a fair profit; if you drive prices down too far, quality will inevitably be affected.
Showing posts with label chinese economy. Show all posts
Showing posts with label chinese economy. Show all posts
Wednesday, September 30, 2015
Sunday, September 6, 2015
Managing your business' risk
Running a small business in South Africa can be a difficult thing with so many different types of risk out there.
While some of these potential hazards can complicate things, Santam understands that the more a business owner knows the better for his or her business.
At Santam we understand that the world of risks can be confusing. That is why we've identified some of forms of risk facing South African small businesses specifically as well as some practical tips to help you manage those risks.
How to manage your business' physical risk
Buildings (or your business premises) often constitute the most common type of physical risk. According to Santam's claims records over the past three years, claims as a result of wind, fire water, hail and snow damage are the most common types of claims for businesses.
As a business owner, you can manage physical risk properly by ensuring that the gutters on your premises has been cleaned (especially in winter) and that hazardous materials (such as acid, gas, flammable or poisonous materials) are stored far away from areas where it could cause damage. You can also make sure that your employees receive adequate training to handle these materials properly.
How to manage risks related to your business' location
It's always a good idea to know exactly what risks your business faces as a result of its location. You can make china company verification online if you need.
If, for example, your business is located in an area where a number of buildings have been erected in a flood-plain, you must consider the risk associated with it and ensure you get the appropriate insurance cover for your business.
Enforcing the safety of your business premises by ensuring you have proper railings, slip-proof floors, an alarm and other anti-crime measures, can help reduce your business insurance premium, regardless of where you are located.
Some technological risks to consider
According to Santam's audit and forensics team, technological risks are becoming the common cold of today's business world. Technological risks can include anything from losing your customer data to data fraud and theft of information.
As a business owner, you have a responsibility to protect your business' technology infrastructure as well your clients' contact details and personal information. You can ensure that you have a back-up of all your computerised information by making sure your employees have been trained to back up your business' data on a separate device such as a CD, DVD or hard drive.
If, for example you lost internet access for the day, would your business grind to a halt? Make sure you have an information technology specialist on standby to assist you in the event of temporary setbacks like these.
While risk is always going to be a factor in your life as a business owner, being aware of the risks facing your business can go a long way in helping you to protect your livelihood. We hope that these practical tips will help you as a business owner reduce your exposure and minimize the impact of unforeseen events.
While some of these potential hazards can complicate things, Santam understands that the more a business owner knows the better for his or her business.
At Santam we understand that the world of risks can be confusing. That is why we've identified some of forms of risk facing South African small businesses specifically as well as some practical tips to help you manage those risks.
How to manage your business' physical risk
Buildings (or your business premises) often constitute the most common type of physical risk. According to Santam's claims records over the past three years, claims as a result of wind, fire water, hail and snow damage are the most common types of claims for businesses.
As a business owner, you can manage physical risk properly by ensuring that the gutters on your premises has been cleaned (especially in winter) and that hazardous materials (such as acid, gas, flammable or poisonous materials) are stored far away from areas where it could cause damage. You can also make sure that your employees receive adequate training to handle these materials properly.
How to manage risks related to your business' location
It's always a good idea to know exactly what risks your business faces as a result of its location. You can make china company verification online if you need.
If, for example, your business is located in an area where a number of buildings have been erected in a flood-plain, you must consider the risk associated with it and ensure you get the appropriate insurance cover for your business.
Enforcing the safety of your business premises by ensuring you have proper railings, slip-proof floors, an alarm and other anti-crime measures, can help reduce your business insurance premium, regardless of where you are located.
Some technological risks to consider
According to Santam's audit and forensics team, technological risks are becoming the common cold of today's business world. Technological risks can include anything from losing your customer data to data fraud and theft of information.
As a business owner, you have a responsibility to protect your business' technology infrastructure as well your clients' contact details and personal information. You can ensure that you have a back-up of all your computerised information by making sure your employees have been trained to back up your business' data on a separate device such as a CD, DVD or hard drive.
If, for example you lost internet access for the day, would your business grind to a halt? Make sure you have an information technology specialist on standby to assist you in the event of temporary setbacks like these.
While risk is always going to be a factor in your life as a business owner, being aware of the risks facing your business can go a long way in helping you to protect your livelihood. We hope that these practical tips will help you as a business owner reduce your exposure and minimize the impact of unforeseen events.
Monday, August 24, 2015
Reports in China: Progress or Greenwashing?
"Corporate Social Responsibility" Reports in China: Progress or Greenwashing?
Over the past decade, an increasing number of Chinese companies have begun to produce corporate social responsibility (CSR) reports. Whether that’s led to more sustainable business practices is an open question.
In 2006, State Grid was the only company in China to file a CSR report. In 2012, 1,722 Chinese companies filed CSR reports, according to a study by Syntao, a sustainability consultant. Indeed, almost a quarter of large state-owned enterprises in China filed CSR reports last year.
In theory, the purpose of CSR reports is to share information about a business’s social and environmental impact with the public. Ideally, the publication of such china credit report leads to enhanced awareness, better monitoring practices, and action to curb detrimental occurrences.
Yet while some Chinese companies have received international recognition for enhanced CSR reporting, it’s not clear the trend has translated broadly into more socially and environmentally sound policies. As Chris Marquis, an associate professor at Harvard Business School, and Yang Chen, an associate professor at Shanghai Maritime University, wrote on Dec. 5 in the online magazine Chinadialogue, “some of the same companies that were lauded for their reporting work were not necessarily following through with more responsible actions in the rest of their enterprises.”
Marquis and Yang pointed to several examples, including Baogang Group, a steel company in Inner Mongolia. The company “claims to have invested tens of millions of dollars a year in environmental protection and waste processing, and has also been recognised for its CSR and sustainability activities,” the researchers write. However, earlier this year pollution from Baogang’s facilities near the village of Dalahai was linked to “unusually high rates of cancer, along with high rates of osteoporosis and skin and respiratory diseases, and the radiation levels are ten times higher than in the surrounding countryside.” Obviously, not a sign of its commitment to principle.
At the very least, some Chinese authorities appear to have embraced the concept of corporate responsibility. In November, the Chinese Academy of Social Sciences released a blue book, or official report, on the state of CSR in China, which recommended improved reporting guidelines. Currently, the Shenzhen Stock Exchange offers training on data collection and corporate reporting methods. That makes smart business sense, as unsustainable practices may prove a future liability to growth. Even smog-choked China is looking for ways to clean up.
Over the past decade, an increasing number of Chinese companies have begun to produce corporate social responsibility (CSR) reports. Whether that’s led to more sustainable business practices is an open question.
In 2006, State Grid was the only company in China to file a CSR report. In 2012, 1,722 Chinese companies filed CSR reports, according to a study by Syntao, a sustainability consultant. Indeed, almost a quarter of large state-owned enterprises in China filed CSR reports last year.
In theory, the purpose of CSR reports is to share information about a business’s social and environmental impact with the public. Ideally, the publication of such china credit report leads to enhanced awareness, better monitoring practices, and action to curb detrimental occurrences.
Yet while some Chinese companies have received international recognition for enhanced CSR reporting, it’s not clear the trend has translated broadly into more socially and environmentally sound policies. As Chris Marquis, an associate professor at Harvard Business School, and Yang Chen, an associate professor at Shanghai Maritime University, wrote on Dec. 5 in the online magazine Chinadialogue, “some of the same companies that were lauded for their reporting work were not necessarily following through with more responsible actions in the rest of their enterprises.”
Marquis and Yang pointed to several examples, including Baogang Group, a steel company in Inner Mongolia. The company “claims to have invested tens of millions of dollars a year in environmental protection and waste processing, and has also been recognised for its CSR and sustainability activities,” the researchers write. However, earlier this year pollution from Baogang’s facilities near the village of Dalahai was linked to “unusually high rates of cancer, along with high rates of osteoporosis and skin and respiratory diseases, and the radiation levels are ten times higher than in the surrounding countryside.” Obviously, not a sign of its commitment to principle.
At the very least, some Chinese authorities appear to have embraced the concept of corporate responsibility. In November, the Chinese Academy of Social Sciences released a blue book, or official report, on the state of CSR in China, which recommended improved reporting guidelines. Currently, the Shenzhen Stock Exchange offers training on data collection and corporate reporting methods. That makes smart business sense, as unsustainable practices may prove a future liability to growth. Even smog-choked China is looking for ways to clean up.
Wednesday, August 12, 2015
Verification of a Chinese company
How the verification of a Chinese company should look like? What kind of information can be obtained through this process? Is it really an essential step, or can the whole process be skipped? We will answer these and similar questions below.
Usually, the whole process begins when we’ve finally find a suitable Chinese company. Many depend on when we made the first successful contact: if we simply received an e-mail offer, risk factor is higher than in the case in which we met our supplier during trade shows.
The most important thing that we will find out through verification process, is the type of a company and its scope of activities. Chinese companies, which are dealing in international trade, usually fall into two categories: these are either trade companies or manufacturing companies. Sometimes the former impersonates the latter, but a proper verification process will help to reveal the real identity of the company.
In many cases, the person who claims to represent the Chinese company has no legal title to do so. Therefore it is always necessary to find out, who is the legal representative of the company. As we say:chinese company credit.
Verification is helpful in revealing the physical address of the factory. It is important, if we want to proceed further and send someone to check our shipment. On the other hand, ISO 9001 certificate is awarded to a particular facility, not to the company as a whole. Companies which possess factories cannot be simply shut down overnight – it may happen though to some of the trading companies, especially after receiving our payment.
Through verification process, the authenticity of provided documents and certificates will be also checked. The rule is simple: the Chinese are able to forge everything, but the truth can usually be easily revealed.
If you want to know more about the most popular methods of fraud, documents necessary in the import process and during the custom clearance, please refer to our other guides.
Usually, the whole process begins when we’ve finally find a suitable Chinese company. Many depend on when we made the first successful contact: if we simply received an e-mail offer, risk factor is higher than in the case in which we met our supplier during trade shows.
The most important thing that we will find out through verification process, is the type of a company and its scope of activities. Chinese companies, which are dealing in international trade, usually fall into two categories: these are either trade companies or manufacturing companies. Sometimes the former impersonates the latter, but a proper verification process will help to reveal the real identity of the company.
In many cases, the person who claims to represent the Chinese company has no legal title to do so. Therefore it is always necessary to find out, who is the legal representative of the company. As we say:chinese company credit.
Verification is helpful in revealing the physical address of the factory. It is important, if we want to proceed further and send someone to check our shipment. On the other hand, ISO 9001 certificate is awarded to a particular facility, not to the company as a whole. Companies which possess factories cannot be simply shut down overnight – it may happen though to some of the trading companies, especially after receiving our payment.
Through verification process, the authenticity of provided documents and certificates will be also checked. The rule is simple: the Chinese are able to forge everything, but the truth can usually be easily revealed.
If you want to know more about the most popular methods of fraud, documents necessary in the import process and during the custom clearance, please refer to our other guides.
Subscribe to:
Posts (Atom)