Verifying a Chinese Business License With a Factory Audit

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

Something About China property bonds

To many global investors, bonds from China’s property sector are toxic nuclear waste, not to be touched at any cost. To others, they come with a more pragmatic “handle with care” warning. I belong to the latter camp.

From just a handful of bonds 10 years ago, the sector has grown to contribute 9.5% of the Asian US dollar bond market with US$51bn of bonds trading. That is nearly a third of all high-yield corporate bonds in the region.

Over this period, the sector has gone through three cycles of downturns and upturns. Several Chinese property companies have issued, redeemed and refinanced their offshore bonds. Companies with credit ratings ranging from Single A to Triple C have managed to issue bonds, which chinese trade credit actively in the secondary market. Yet, a feeling of unease persists.

Perhaps the first source of discomfort is the fact that offshore Chinese property bonds are deeply subordinated, since they are issued by offshore-incorporated entities, which inject the bond proceeds as equity into their onshore companies and service their debt only out of equity dividends received back from the mainland. The difficulties in repatriating equity funds out of China mean that the offshore principal effectively has to be refinanced. In case of bankruptcy, the onshore lenders have the first claim over the onshore assets.

While this structural weakness is undoubtedly true, it applies to every other bond issued by Chinese businesses, including investment-grade bonds far beyond the property sector, since the structure was born out of regulations prohibiting the issuance of debt or guarantees by mainland companies. (Only recently have the authorities begun to relax this prohibition, and the first few offshore bonds are now coming out with direct guarantees from mainland operating companies.)

ANOTHER SOURCE OF discomfort is the government’s meddling in the property sector through various measures, including the flow of credit to the builders, rules for financing land purchases, obtaining mortgages, and mortgage down-payment requirements. The harshest controls came in 2010 when the government restricted the number of apartments that an individual could purchase.

Property prices are a sensitive subject everywhere, and China is no exception. The government presses the brakes if the prices are speeding too fast and pushes the accelerator if property construction flags too much so as to threaten the overall economic growth.

This government intervention makes asset values volatile in both equity and debt markets, and raises the cost of capital to the sector.

Some investors have also been scared away by stories of oversupply and ghost cities. The property development business model, by definition, consists of a long operating cycle, and there may be genuine demand/supply imbalances, as in any other industry, but the overwhelming majority of Chinese properties are built in response to actual demand from a rapidly urbanising population. The same goes for talk of speculative buying, when the reality is that most of the properties are bought for self-occupation. Buyers have to put up a minimum 30% down-payment, they are not over-leveraged and there is no subprime lending.

WHEN IT COMES to investing in Chinese property bonds, one should realise that there has already been one level of filtering – only those companies large enough to go through a rating process and the expense of issuing offshore actually end up selling dollar bonds. They are all listed offshore, most of them in Hong Kong, and are subject to audits and disclosures that go with the listing status. The additional scrutiny from equity analysts and investors that comes with listing also offers additional information for bond investors.

There has not been a single default in the sector so far, and only two distressed exchanges in 2009, both at 80 cents to the dollar. Some companies did go through financial distress during previous sector downturns, but they managed to sell land or unfinished projects to stronger players and stave off default.

This is not to argue that we would never see a default in the sector. We will, sooner or later. But the sector has genuine fundamentals, strong and weak players, and saleable assets that can be realised in times of distress.

So, how should one approach investments in Chinese property bonds? First of all, investors need to be prepared for the volatility that comes with the regulatory changes. Any crash in value following a regulatory tightening offers an opportunity to pick up the higher-quality bonds at more attractive prices. In fact, such moves also enable the stronger players to buy out the weaker ones or to acquire assets from the struggling players, and increase their market share.

The current downturn in the market is no different. It is true that the stock of unsold property is running above average; that the leverage has increased in the last 12-18 months in response to slowing sales; that margins are under pressure due to the pressure to liquidate stock; and that some of the weaker companies are likely to experience a liquidity crunch in the next 12-18 months, unless they slow down their expansion. But the current downturn is also an opportunity to pick up bonds issued by stronger companies, which will benefit from the tight conditions in the sector. The challenge is reading the credit fundamentals carefully enough to identify the winners.

What is Taobao’s Tmall?

Tmall, also known as the the Taobao Mall, is China’s largest platform for B2C shopping and belongs to Taobao.com (which was founded as a C2C platform similar to Ebay).

On January 11th, 2012, Taobao Mall changed its name to Tmall.

On Tmall you can find especially well-known brand flagship stores and authorized stores for selling famous brand’s products.

Currently, Taobao Mall presents more than 30,000 local and global brands products of multiple different industries. This “vertical mall” includes for example the “Electric City”, “Shoes Collection” and “Home Improvement Exhibition”. In future the Tamll will be enhanced with by adding further vertical industry markets.


The main differences between Taobao and Tmall (Taobao Mall)


    Tmall is a split-off of Taobao.com
    While on Taobao private people can sell (like on Ebay), the sellers on Tmall must be China-registered companies
    In Novem-ber 2010, Tmall, launched an autonomous web domain called as “tmall.com” in order to dis-tin-guish the list-ings made by Taobao Mall mer-chants, who were autho-rized dis-trib-u-tors or brand own-ers, from Taobao’s Consumer-To-Consumer (C2C) platform.
    The prod-uct list-ings on Tmall are much stricter when com-pared to Taobao.
    Unlike Taobao, Tmall requires a refund-able secu-rity deposit from com-pa-nies to list/market their products.
    Normally, the Tmall stores display on top of the search result page when people search on Taobao.

Taobao FOCUS is not only a Taobao agent for your online shopping in China, but a friend indeed. Our mission is to help and let more international buyers enjoy shopping on Taobao – amazing China’s largest online marketplace. We help you in these ways:

Language: if you do not know Chinese or have difficulties with Taobao English translation, such as agreetao.com. we search your desired items, talk with the Taobao seller and provide you as much detailed information as possible.

Shopping: We advise you regarding the product from our own experience. Is the seller reliable? Is the item of good quality? Is it good or not to buy the item at all? We tell you everything.

Minimizing the risk: We make sure that Taobao seller really sends out the items, we check the items for visual defects in our warehouse, provide you the photo of purchased items and repack them to ensure safe shipment to your address.

China Jiangsu To Carry Out Enterprise Credit Evaluation

According to the Jiangsu Province, Suzhou City Grain Bureau the on doing a good job in 2016 annual grain circulation enterprises credit rating work notice "requirement, Wujiang District Grain Bureau earnestly carry out 2016 annual grain circulation enterprises credit rating evaluation.Pay close attention to china business credit.

First, to carry out on-site inspections. By the leaders in charge of headed Bureau of supervision and inspection department is responsible for, to 2015, Jiangsu Province, grain circulation credit evaluation for AA grade 6 and a grade 12 grain and oil enterprises for field visits to check, query acquisition, storage, sale, processing operation, check the quality and health, to seek to provide three years of credit information data, ensure timely grasp the grain and oil enterprises credit status.

Two, strict evaluation classification. The declaration of grain and oil companies were on the content of the acquisition of qualification, grain purchasing and policy of grain and oil, grain statistics system, warehouse management, safety in production of self rating, credit bureau evaluation group in accordance with the evaluation methods and standards for overall and careful verification, combined with self score and daily supervision and inspection results in credit rating. After evaluation, 1 original AA companies fell to a level, 2 former class a company canceled, 2 former class a business rose to AA.

Three, the public comment. On December 11 in bureau website released grain circulation credit evaluation of preliminary results publicity, publicity seeking market supervision and management, taxation, public security, price, environmental protection and other departments for comments, let job evaluation and enterprise being evaluated to accept the supervision of the whole society, reflected the credit evaluation in public justice, better promote my area grain and oil enterprises to consciously law-abiding integrity, in accordance with the law in accordance with regulations perform relevant obligations.

Four, improve the credit file. All reporting grain circulation industry credit evaluation of enterprise credit information filed in a timely manner, to improve enterprise credit information data as evaluating criterion, combined with daily inspection and annual inspection of the dynamic of the norm and supervision and management. Timely reporting and improve the region's grain circulation management object information base and food enterprises credit evaluation system, and constantly improve the grain circulation enterprise credit evaluation quality.

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China Company Verification

Notice Of Eating Meat In Winter

Warm winter to eat meat, people should also pay attention to mineral supplement and intake of vegetables containing rhizome. When improve the warm the body and excitability, the desire for meat also naturally reduce, not excessive meat, indirectly reducing fat intake.

Today and Local Restaurant Search website edit make up to see how to eat meat the most healthy?

1 to pay attention to the choice of meat
Meat also distinguish the meat, in general, the most healthy fat duck. Duck meat is rich in group B vitamins and vitamin E, the fatty acid is mainly unsaturated fatty acids and low carbon saturated fatty acid, easy to digest. But cold sex constitution or a cold in the women who eat less.
Meat, eggs, fish, dairy and soy products are rich in high quality protein, nutrition not only high value, but also easy to digest and absorb. Meat, beef, mutton and rabbit meat is the best, their animal fat content is less, and the chicken breast is the lowest part of the whole chicken calories and fat content.
2 the diet should be warm
Winter to eat warm meat, cold and in vivo lacks the minerals, the winter should pay attention to the mineral supplement and with more intake of root vegetables. Such as carrots, sweet potato, lotus root, cabbage etc.. Improve the body warm and excited, the desire for meat will naturally reduce the, would not have too much meat, indirectly reducing fat intake.
3 food to collocation properly
Winter only to eat less meat to eat vegetables is not, in fact, in winter should eat more vegetables, vegetables not only can reduce fat for women's income, but also can get rid of dry winter. And vegetables are rich in dietary fiber can reduce blood fat concentration, help to remove waste from the body and grease, acid-base balance, is the best food for weight loss fitness and beauty.
In addition to drink hot soup or water, accelerate the metabolism function, promote intestinal peristalsis, make you lose weight while maintaining the skin moisture, increase immunity. After the meat would like to "remedy", it can be appropriate to add fruit to help digestion.
So, where should we go to eat meat in the winter? Recommend a restaurant to everyone.

It is Din Tai Fung Shanghai

New Year Party Decoration

With the passage of time year after year, the more able to appreciate the rare. For every gathering between friends should be carefully treated, new year is meaning together in good time, in the family and friends together at the beginning of a year how to create good atmosphere? How to put the little things of life or a festival decoration into the old New Year party in moving details? More creative ideas to make your new year a new look.

The new year, Tugunaxin, ready to go. Friends together is refresher moment, not only need to care from returning to the friends of the people, need more fresh visual surprises.

Purple round paper lanterns is the new year's most traditional home decor.Red and gold, the soft decoration, dress up a new year's party the fastest most effective items, some of the occasional small decoration, such as Chinese knot, blessing, chopsticks, and so is also one of the important that make the finishing point. If you want the atmosphere of the party some western at ease, it may wish to purchase some flowers, candlesticks and other elements, and last Christmas with some decorations can also display a slight change to adorn New Year season atmosphere.
It might be the middle of the room off the table, placed a bouquet of flowers for peony center. Can also be placed around the candle holder, napkins and other accessories. If winter flowers, it is difficult to find, on the desktop display lifelike peony flower hand.

A few branches by the master handmade flowers to greet the guests not only has the meaning of "off to a good start" and "rich orientation", is a unique mind.
Hand peony flowers need to use a lot of material, a thin wire green, thick wire, colored crepe paper rattan, green paper tape, flower, white glue, scissors, pliers, homemade template.
1. Petals and leaves of the print template on cardboard cut, rattan paper, by the template to cut the size of petals, leaf size and calyx. Take the cut petals coated with glue, a middle thin wire pasted on the corresponding end of the petal. In the same way as the size of petals paste. The size of leaves, painted with white middle green thin wire, the double layer of adhesive. If the figure is twisted into a group of three, set aside.
2. Make the petals and flower leaf number, leaf group, leaflets respectively in the two groups of two medals on the stick; petals in three sizes for each of the three groups, the largest number of petals five groups. Prepare the material, take the green hard wire end, remove the paper shell. Bending wire with pliers, hooking and clamping pliers with yellow tipped stamens. With green tape wrapped around the fixed hook. The three small petals in the flower fixed around the same use of green tape.
3. Gradually the remaining petals staggered position fixed around in the flowers. The paper rattan after paste and wire shaping to reorganize the ideal modeling. If you want to be full of flowers, you can add the number of petals. Finally, according to the template cut calyx coated with glue, around the bottom of the flower stick well. With green tape winding fixed, if the blade. After sorting out the flowers, the flowers will be more realistic.

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Party Decoration

China Smart Ring Market Trends Forecast

After two years of rapid development, have been smart wearable device cover glasses, bracelet, shoes, clothing and other product lines, the smart and intelligent bracelet watch in the consumer market is more common, is also a relatively mature technology of smart wearable products.Let's take a look at the smart ring market report.

1, the Internet giant companies will continue to pour into the foundation of the platform to build a serviceFrom the point of view of the bat, millet, Jingdong and foreign Google, Facebook's layout, Internet companies in the field of intelligent hardware approach more likely to by building a platform for intelligent hardware developers to provide cloud services, incubators, open interface, data analysis and other foundation. These Internet Co itself in the user scale, traffic entrance, brand, channel has advantages, through the way to build a platform to aggregate intelligent hardware developers to form their own business as the core of the intelligent hardware industry chain.
2, AppleWatch or will be detonated smart wearable devices Market
Despite the current market, large and small companies launched a number of smart wearable devices (smart bracelet, smart watches mainly), but did not really cause the desire of consumers to buy. However, with the 2015 AppleWatch market, the high hopes of Apple products or will be like iPad, iPhone as the entire smart wearable device market consumption enthusiasm, to promote the development of the entire smart wearable device market.
3, the smart hardware capital market is still not reduced heat
2014 so far, China's smart hardware market financing amount of more than 700 million U.S. dollars, more than 90 companies to obtain financing. At present, the intelligent hardware market in the industry outlet, the industry has not formed a large leading edge of the platform or products. Both venture capital and Internet giants are expected to be able to invest as soon as possible layout. 2015 China intelligent hardware capital market is expected to continue in 2014 the heat, there will not be a big change in the short term.
4, deep vertical segments of survival chance
For many intelligent hardware start-ups, deep vertical field will have a chance to live. At present, China's intelligent hardware market is an important segment of the market space huge market space. Data show that in 2015 China smart home and smart wearable device market size will be more than 43 billion and 10 billion. Focus on vertical segments, and can establish a high industry barriers to the company in the current smart hardware market profit model is not clear, to support their business development before getting financing.
Apple will launch its own smart watch new time next year, which makes next year's smart watch market is bound to emerge in a series of new products to fight against apple, shipments are expected to continue to maintain growth momentum.

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Market Research Report