Defending Your Receivable is Our Mission
iQor RMS had reviewed in its earlier blog in regard the latest news of legal collection in China. Hereby we would like to share the current credit and recovery risks in doing business with the mainland China, and the various provisions of services/reports that help to mitigate risks in dealing with this market.
China News Service reported in early 2019, that there is a total of 1,813,500 corps deregistered in 2018, which comes to for every 3.69 new companies setting up, there is a company getting deregistered / dissolved. The top 5 industries are:
In the rapidly evolving Chinese business market, the best way to minimize credit risk is by conducting rigorous due diligence check endorsed by a professional third party.
When the internet is overloaded with information, information found online could be inaccurate, incomplete, obsolete or obtained from illegal permissive channel. There are also information companies, law firms and personal investigators who claim to offer credit reports. Deciding on a reliable information source to incorporate the data into your credit model is paramount.
iQor RMS’ Debt Collectability Report
iQor RMS has nearly 40 years of local collection experience and its database ranks one of the top in terms of commercial negative data. We partner with well-known credit agencies and top export credit insurance companies, providing collection data which is one of the element of its rating model. Our report provides:
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