Secure Export and Import: BCC Launches a Service for Verifying Chinese Counterparties

Working with Chinese suppliers and partners offers great opportunities but entails significant risks. Searching for a reliable counterparty in China often turns into a lottery, especially if a company does not have in-house lawyers or security specialists.

Bank CenterCredit (BCC) simplifies foreign economic operations for businesses.

Starting March 15, BCC Business will offer an online verification service for Chinese companies through its mobile app and web interface.

Why is this important for your business?

The Chinese market has its own specifics. Even a professional looking website doesn’t guarantee that you’re not dealing with a shell company.

The main challenges entrepreneurs face include: Lack of resources: Small and medium-sized businesses often cannot afford in-depth due diligence of a foreign partner.

High risks: Choosing the wrong supplier may lead to losing your advance payment, receiving low-quality goods, or facing customs issues. Language barriers: Searching Chinese government registries on your own requires knowledge of the language and an understanding of local regulations.

What will you learn from the report?

The BCC service provides comprehensive analytics collected from official Chinese sources. The report includes:

-registration and contact details

-information about owners and governing bodies

-participation in other companies and involvement in court cases

-intellectual property and trademark information

-financial statements for the past two years

-publicly available references to the company

How does it work?

You no longer need to wait days or weeks – the verification is done online.

Simply open BCC Business. Select the Chinese counterparty verification service. Receive a structured report.

Access options: The Bank offers both free basic verifications and a paid extended version that provides more detailed financial and legal information.

Starting March 15, check your partners as easily as you make payments. Make your business with China transparent and secure with BCC!