In the bustling world of global trade, China stands tall as the second-largest economy. Creditsafe offers seamless access to vital information about Chinese businesses, empowering you to navigate this dynamic market with ease. Dive into our extensive database of tailored reports offering invaluable insights into China's ever-evolving market landscape.
Chinese business data at your fingertips
Chinese credit data
At Creditsafe, we offer access to 68,281,832 comprehensive Chinese business credit reports, covering 54,009,201 active companies. China, the world's second-largest economy, is a global powerhouse with a population exceeding 1.4 billion people. As a dominant player in international trade, China presents immense opportunities for business growth and expansion. Our reports deliver detailed insights into vital metrics, including credit scores, financial statements, corporate registration information, and negative data.
These extensive reports are essential for navigating China's vast and dynamic market. Whether you are seeking to establish partnerships, assess potential risks, or make informed investment decisions, our Chinese credit reports provide the critical information you need to understand the financial health and stability of businesses in this influential market.
What is included in a Chinese credit report
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Credit scores & limits
Each Chinese credit report will contain key credit information such as credit scores and an international credit score for cross border comparison.
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Shareholder Information, Group Structure, and Corporate Hierarchy
Detailed information on shareholders, group structure, and corporate hierarchy offers comprehensive insights into the organization's ownership and operational setup.
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Full Financial Data
Financial Data sourced from Administration for Market Regulation, stock exchanges, and more.
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Derogatory legal
Check for adverse events such as bankruptcies, legal filings such as court cases and unpaid taxes.
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Local Business Classifications and VAT Numbers
Local business classifications are assigned based on industry sectors, accompanied by VAT numbers for taxation purposes.
Chinese credit scores and credit limits
We provide credit scores and limits for all companies and enterprises except for non-business organizations like NPOs, NGOs, and government entities. The credit score aims to predict short-term liquidity, solvency, and possibility, incorporating payment data into our scoring model.
The credit limit signifies the maximum credit a company can receive from all suppliers within a 90-day period. Our evaluation considers non-financial factors, financial factors, negative records, and industry specifications. Financial factors include profitability ratios, operating ratios, structure ratios, productivity ratios, and growth ratios, such as profitability, ROE, quick ratio, current ratio, debt ratio, DSO, asset turnover, and AP to Sales.
Chinese Business Activity Codes
Unlike the US where the North American Industry Classification System (NAICS) is used, in China they use a Unified Social Credit Code (USCC) introduced in 2015, combining the former company registration number, VAT number, and organization code into one 18-digit code. Additionally, we assign an internal unique 12-digit number for identification purposes. As the USCC number is permanent throughout a company's lifetime.
Chinese filing requirements
Filing financial data is mandatory for companies operating in China, including those listed on stock exchanges or the NEEQ, and entities issuing corporate bonds. Each company must submit an annual report within four months after the financial year-end, typically before April 30th. Failure to comply can result in penalties, including share trading suspension for listed companies. Approximately 40,000 public companies and bond issuers are obliged to publish accounts, while around 20 million private companies file annual reports. However, financial accounts are not freely accessible to the public in China.
How is financial data registered in China?
In China, registering financial data is a serious affair. Companies listed on stock exchanges, or the National Equities Exchange and Quotations (NEEQ) must regularly share their financial details. Every company, regardless of size or type, must file an annual report with the Administration for Market Regulation. Non-compliance can lead to severe repercussions, including suspension of share trading. It is all about maintaining transparency and integrity in the financial realm.
Chinese Company Monitoring
Our Monitoring service, available in 47 countries globally, provides customizable alerts on critical company events such as credit risk indicators, financials, and company status. Whether accessed through our web-based service or Creditsafe Connect API, you receive timely updates to spot risks and opportunities precisely when needed.
We gather data from thousands of international sources, including official registries and trusted partners. The types of events monitored vary by region due to local filing requirements and data availability.
Our Chinese monitoring data includes:
- Company Registration Details
- Company Status
- Local Credit Scores
- Negative Information
Stay proactive and informed with our comprehensive Monitoring service, designed to help you navigate risks and seize opportunities effectively.