Why do we need credit reports from Chinese companies?
As a foreign investor, the safety of your investments and transactions, as well as the authenticity of your investment goals and counterparties, are factors that you must consider when conducting business in China.
According to Simon’s practice, the main reasons for business failures and economic disputes between our foreign clients and Chinese companies include:
- The invested company or counterparty lacks legal capacity or legal personality: their business license is revoked/withdrawn before bankruptcy or contract signing
- The counterparty lacks the commercial ability to fulfill the contract: fails to deliver goods, provide services, or pay the contract price
- The trading party has a poor credit history, lacks good credit certification, and has a high possibility or likelihood of default
Therefore, Simon investigates your target company and provides you with a Chinese company credit report to help you make business decisions, reduce your risks, and avoid economic losses. The credit report of Simon China Company includes basic company information, financial status, registered capital, shareholder information, management personnel, and other key information that you may be concerned about.
You may need a credit report from a Chinese company
- Partner background audit and investigation
- Competitor background check
- Investment Decision
- Supplier selection
- Project bidding selection
- Credit sales
- Inter enterprise borrowing
Simon Company Credit Reporting Program
Learn more about your business partners!
| Items | Standard $99 |
Advanced $480 |
| Contact Information | √ | √ |
| Business and operational information | √ | √ |
| Registration Information | √ | √ |
| Shareholder information | √ | √ |
| Other information | √ | √ |
| Company structure and management status | – | √ |
| Registration changes and social records | – | √ |
| Business operation status | – | √ |
| financial position | – | √ |
| Evaluation and ranking | – | √ |
Why choose Simon?
Rapid Processing
With experienced team members, we can handle your project faster than others.
Unsuccessful, no charge
Simon promises that we will only charge after your project is successfully completed.
Tailored services
We will provide the most suitable business plan based on your situation.
Traceable process
Simon has an online system for you to track any updates to the project.
Frequently Asked Auestions
Do you have any further questions? don’t worry! We are happy to answer!
What is a company credit report?
A company credit report is a report provided by a professional credit evaluation agency, which includes information about the company’s financial condition, credit history, repayment ability, and other credit related information. It typically includes company registration details, financial data, credit scores, debt status, court rulings, payment history, and other important data.
Why is a company credit report important for business transactions?
A company credit report can help you assess the credit risk of potential business partners. Understanding the credit status of other companies can avoid financial disputes, increase transaction security, and ensure smooth cooperation. Through credit reports, you can determine whether a company has the ability to fulfill contracts and repay debts on time, which is particularly important for large transactions or long-term partnerships.
Can the company credit report be changed?
Yes, the company’s credit status will change over time. Factors such as financial performance, debt repayment history, and contract fulfillment will affect the information in credit reports. For example, if a company repays loans, fulfills contracts, or improves its financial condition on time, its credit score may increase. On the contrary, if there is a default or other negative event, the credit score in the report may decrease.