What Is a Corporate Credit Union?

The corporate credit survey report is based on an in-depth study of the company's operating development and financial results, and in combination with the background of shareholders and leaders, it has given credit ratings to the company so that you can accurately grasp the information and intelligence of competitors, partners and target customers , Formulate countermeasures in advance, and proactively adjust the cooperation method to ensure that you maximize your profits while avoiding commercial risks as much as possible.

Corporate Credit Report

Enterprise credit report is one of the main credit information products provided by the enterprise credit reporting system for external services. It provides queryers with comprehensive and accurate comprehensive credit information of the enterprise, provides important decision-making references for various types of credit transactions, and reduces unnecessary

(1) Institutions and individuals who want to know the basic information and bad information of the enterprise

(2) Institutions and individuals who want to know the operating status and credit status of enterprises

By querying corporate credit reports, institutions and individuals can:

(1) Quickly and comprehensively understand the comprehensive credit status of enterprises

(2) Provide important decision-making reference for credit transactions

(3) Reduce unnecessary risks and losses caused by not knowing the credit status of the company

(1) Basic information of the enterprise

(2) Business registration information

(3) Credit rating information

(4) Information of the company's major shareholders and executives

(5) Corporate social security, tax information, etc.

Enterprises often face some "important moments" in their operations, such as: product procurement, credit sales, corporate credit, financing, project investment, mergers or acquisitions, strategic cooperation or strategic change ... At these important moments, choices become difficult. Because any decision will have a huge impact on the future development of the company. Therefore, it is no longer enough to simply and roughly evaluate the companies you care about. Only by examining the actual situation of the enterprise in more depth, knowing and analyzing the advantages and disadvantages of the enterprise in operation, can we choose the best partner and carry out the most effective business cooperation.

Corporate credit reports, also known as corporate credit reports and corporate credit survey reports, are a type of credit reporting product. The content of the report mainly lists credit information that can judge the ability and willingness of the company to fulfill the contract and debt repayment. The author of the report makes a clear analysis of the information and gives certain commercial transaction reference recommendations, and sometimes reports from different credit reporting companies. It will also give its own "risk score" (the expression is different, for example, Dun & Bradstreet uses a risk index of 1 to 6 to indicate the probability of going out of business from low to high). The content and rating results of corporate credit reports are for users' reference only, and are not adopted by management agencies and departments. The credit process and content are confidential. Domestic prices usually range from RMB 5,000 to 20,000. There are not many companies engaged in corporate credit reporting in China, mainly including: Green Shield, Xinhuaxin, Huaxia Dunbais, Jincheng International, Jiuyi, Lianxin, etc. Other personal credit reporting companies are not included in this list.

On the basis of the exhaustive collection of credit information of the evaluation objects, the credit evaluation report of the enterprise is judged by a credit analyst and the corresponding credit rating (such as AAA, AA, A, BBB, etc.) is given, within a certain period Judge the comprehensive risk level of the evaluation object.

The reason why credit has been widely developed in the market economy is that it has the function of mobilizing funds and promoting the smooth flow of goods. It plays the role of adjusting the surplus of funds and saving costs, greatly improving the efficiency of commodity circulation and the use of funds. Enlarging the total investment and increasing the total consumption utility will help optimize resource allocation. At the same time, the government can also use it to regulate the operation of the macro economy. However, with the development of credit, objectively there has been credit risk. Credit risk is an objective risk in credit activities, and refers to the risk of damage to the other party in credit activities due to non-compliance. Credit risk is objectively closely related to whether the credit relationship is normal and the credit order is normal. Credit activities are standardized and orderly, so credit risk is small; otherwise, credit risk is large. Since the modern market economy is a highly developed economy, credit relationships are spread across all areas of economic life, whether credit relationships are standardized, and credit activities are orderly, which is of particular significance to the normal operation of the modern market economy. Therefore, relevant legislation The perfection of the function of the national credit system based on it is the fundamental guarantee of modern market competition rules.

State Council Decree No. 631-"Regulations on the Management of the Credit Information Industry ^[1] " issued by the State Council on January 21, 2013, and officially implemented on March 15

I. Clearly stipulating the legal tasks of credit bureaus 2. Legal support for credit bureaus

Marking the arrival of China's credit economy era

National Development and Reform Commission, People's Bank of China, and the Central Office of the People's Republic of China, "Notice on Several Opinions on the Use of Credit Records and Credit Reports in Administrative Management ^[2] " (FAB Caijin [2013] No. 920)

The Notice requires government departments at all levels:

The Notice clearly states:

Relevant market entities are required to provide credit records or credit reports issued by third-party credit service agencies in administrative management matters such as government procurement, bidding and tendering, administrative approval, market access, and qualification review.

On January 1, 2019, the Chongqing Municipal Government issued and implemented the "Chongqing Municipal People's Government's Decision on Cancelling the Certification Matters Set by Municipal Government Regulations and Regulatory Documents" (hereinafter referred to as the Decision), and decided to cancel the enterprise credit report. ^[3]