Large, active databases
As the earliest credit bureau in the Mainland China, Huaxia Credit has built large and active databases that contain 47 million entries of corporate information on companies from 124 countries, including information about more than 50,000 domestic companies, 120,000 foreign-invested companies and all the mainland-listed companies. Each of the companies in our databases has about 300 pieces of important information. Meanwhile, Huaxia Credit updates the databases with nearly 10,000 entries every day. The databases enable Huaxia Credit to closely monitor changes in trends and changes and to keep our customers well informed of these changes.
Reliable information sources
With great supports from governments, Huaxia Credit has built good relationships with corporate registry offices, banks and tax bureaus throughout the country. The extensive connections with reliable information sources ensure us prompt access to needed information.
Huaxia Credit is the sole member or strategic partner of world renowned Credit Alliance, CDIA and FCIB in Mainland China. By joining hands with international leading credit bureaus and introducing best practice from overseas colleagues, Huaxia Credit is able to extend product lines and expand business into new arenas constantly.
Huaxia Credit has the following information sources:
＃ On-site visit
Our unique advantage lies in that we conduct most of the checks on site and in-person interviews so that we can make sure we furnish reliable information about financial strength, business operation, history and executives in our credit reports.
＃ Government gazettes
Gazettes released by local governments contain information about lawsuits, liquidation, cease of activities, bankruptcy, punishment and information about professional certification of lawyers, accountants, investment consultants and stock dealers.
＃ Corporate registry offices
Available in registry offices are information about corporate registration data including the official approvals, legal form, owners, capital verification and changes in capital, return of annual files, etc. Huaxia Credit obtains new registration data about approximately 70,000 companies every year.
＃ Statistic bureaus
From statistic bureaus, Huaxia Credit obtains general information about companies, their financial data and industrial data.
＃ State-owned asset supervision and administration bodies and construction committees
From local branches of the State-owned Asset Supervision & Administration Commission and the Ministry of Construction, Huaxia Credit obtains information of title registries including nature of properties, purchase time, cost value, securities or satisfactions.
＃ Court files
From local courts, Huaxia Credit obtains information about court subpoenas, arbitration or court ruling, enforcement, litigation records of chief executives, etc. Some of the information has been confirmed by plaintiffs or defendants.
＃ Banks
From banks and other financial institutions, Huaxia Credit obtains information about the bank account number, bank dealings, and sometimes inside transactions with affiliates.
＃ Publications and websites
News published in major newspapers, journals and business websites is scanned every day and useful information is kept, classified and studied.
＃ Yellow pages and directories
Yellow pages or other directories provide information about registered address, business address, telephone or fax numbers, contact persons, business scope, products or services available, etc.
＃ Payment history in our own databases
Huaxia Credit keeps, in our databases, payment records of numerous companies with their local and overseas business partners. The database automatically generates a blacklist of the companies who delay payment.
＃ Other sources
Information is also available from suppliers, local authorities, tax bureaus, customhouses and foreign trade administration bodies. Unique approaches
From both telephone interviews and on-site visits, Huaxia Credit strives to collect first hand credit information about businesses. From sources such as suppliers, customers, corporate registry offices and other government agencies, Huaxia Credit is able to cross check the information regarding financial status, business activities, historical data, senior executives, etc. and to ensure the accuracy, reliability, completeness and consistence of the information we furnish in our reports.
＃ We have nearly 200 full-time reporters.
＃ We pay more than 12,000 on-site visits to enquired companies per year.
＃ We interview more than 30,000 senior executives per year.
＃ We make more than one million telephone calls per year to collect or verify information.
Strict quality control system
Huaxia Credit has established a three-tiered quality control system involving credit reporters, report auditors and customer service people. The system proves a success in maintaining the stable quality of our products.
Excellent and individualized customer service
With a team of well-trained customer service people, Huaxia Credit provides not only professional services but also thoughtful and individualized credit reports and advices to customers.
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