Daniel has been assisting Canadian companies to invest in Qingdao for over 15 years. As a Class-A Trading company Qingdao Bili has exported over 20 million yuan of products and helped source appropriate Chinese partners to manufacture parts or complete products.
Specializing in Electro-Mechanical machines and equipment, Die Casting, Plastics Injection molding and custom molds / tooling Daniel is well connected and experienced in choosing the right partners and negotiating a joint-venture (JV) agreement.
We have also helped companies establish quality control standards, negotiate manufacturing and supply agreements detailing the terms and conditions, quality and warranty guarantee's and supported with general inspections before shipping.
If you're interested in the Qingdao region and looking for a manufacturing partner, need to procure parts or materials or supply chain management [Contact Us] to see how we can help.
Know Your Customer (KYC) Documentation
Qingdao Bili has also provided "Chinese Company Verification" reports to help you better understand who you are dealing with, check the legal registration of a company and verify the actual owners before you begin negotiations. Some institutions call this "Know Your Customer" (KYC) documentation which is often required if you're going to provide financing to a Chinese company.
KYC Documents include: a. Certificate of Incorporation (COI) or Business License: b. Articles of Association (AOA): c. ID of Director or Authorized Representative of Company: (shareholder of 25% or more) d. Self-Attest letter with image of Authorized Representative ID and signature. e. Power of Attorney (POA) documents: f. Translations of all documents:
Verifying a Chinese company used to be fairly complex but the Chinese government is advancing with its transparency and recently launched a new system to verify details of a company.
China's State Administration of Industry and Commerce (“SAIC”) has launched the National Company Social Credit Information System for the purpose of verifying companies registration, legal representatives and to facilitate more transparency and legitimacy in doing business with Chinese companies.
Unfortunately the website is still not in English as of March 2019 but it is fairly easy to use and any Chinese reading person should be able to navigate it for basic checks.
Official Website: [http://www.gsxt.gov.cn/index.html] Name in Pinyin: Guojia Qiye Xinyong Xinxi Gongshi Xitong Name in Chinese: 国家企业信用信息公示系统
Rough Translation of "How to Use the Website"
First, for the basis of public records: The information disclosure of this system is based on the relevant provisions of laws, regulations and regulations, such as the Regulations on information disclosure of the Government of the People.
Second, the system function introduction: This system provides the national enterprise, farmers professional cooperative, individual industrial and commercial households and other market main credit information filing, publicity, inquiry and dissent functions.
- Query the market Subject credit information, enter the name or unified Social Credit code for inquiry. The system supports queries by name, showing up to 100 records at a time. For invalid query conditions, the query results are not displayed. Local feature announcements need to be viewed in other announcements on the provincial subsites.
- The market main body to complete the annual report, instant information, simple cancellation application and other information, through the system to select the location of the registration authority, click on the "Enterprise Publicity Information Report" for the report.
- Natural persons must be registered under their real names before they can use the functions associated with personal centers.
Third, Description of information
- The information published in this system comes from the administrative departments of Industry and Commerce, other government departments and market subjects, and government departments and market subjects are responsible for the authenticity of their publicity information respectively.
- If there is any problem in the use of the system, you can call the market main body in the province, autonomous region, directly under the Central administration of the Enterprise credit information Publicity System home page below the business advisory telephone or technical support telephone.
- It is recommended to use mainstream high-version browsers such as Chrome and IE.
Articles about the China Social Credit System:
[https://en.wikipedia.org/wiki/Social_Credit_System] On June 14, 2014, the China's State Council issued an outline for the national social credit system, it was titled "State Council Notice concerning Issuance of the Planning Outline for the Construction of a Social Credit System (2014–2020)". Law scholar Rogier Creemers translated the document into English.
[REGIONAL CONFERENCE ON CREDIT REPORTING] Credit Information Services Company as its pilot for the establishment of consumer credit information system In 1999 In January 2006 The consumer credit information database started to operate across the nation Launched the Credit Information Database In China.
[https://www.omm.com/resources/alerts-and-publications/publications/china-launches-nationwide-company-credit-informa/] China’s State Administration of Industry and Commerce (“SAIC”) has launched the National Company Credit Information System, an online resource that provides free information about companies to the public. This system represents an important step in improving transparency and corporate credibility. At a time when China is strengthening its data privacy laws, this company credit information system is especially important as a means to obtain information on companies in China in connection with doing transactions, and for compliance purposes.
Hong Kong Company Verification Website:
[https://www.icris.cr.gov.hk/csci/]
China's Hong Kong Companies can be verified through the above link. The website is in English and free to get basic information about companies with a paid service for detailed company reports. The service center is also very helpful and can handle your questions through email and or telephone numbers listed on the website.
