01
The company is revoked or deregistered
吊销 or 注销 in the registry: it cannot operate or sign with you.
How to check: Registration status, section 2.1 of the report.
Board
Red flags
Twelve signs we find when verifying Chinese suppliers, from the most serious to the mildest. Each one says what it means and how to check it.
Serious: do not pay until it is cleared
02
It is on the dishonest debtors list
It has a court judgment against it that it does not comply with despite being able to.
How to check: List 失信被执行人, section 4.3 of the report.
03
You are told by email that the bank account changed
It is the most repeated fraud: someone hacked or imitated the supplier's email.
How to check: Call a contact you already knew, on the number you already had.
Serious: do not pay until it is cleared
04
The account does not belong to the contracting company
An individual, another company or a bank in another country: it changes who you can claim against.
How to check: Beneficiary name and letters 5 and 6 of the SWIFT code.
05
It cannot be found at its address
The authority placed it on the abnormal operations list because it is not where it says it is.
How to check: Section 5.1 of the report and court service notices.
06
The code or the name do not appear in the registry
An edited license or another company's details.
How to check: Check the code and search for it in the public registry.
Ask for a written explanation
07
Recent lawsuits as defendant over sales contracts
Customers or suppliers claim deliveries or payments from it.
How to check: Role and cause in section 4.1 of the report.
08
A «factory» with no insured employees
It either outsources, does not insure its staff, or is not the factory.
How to check: Social insurance in the annual report, section 7.1.
09
Address in an office building
An address with a room number is usually a commercial office.
How to check: Registered address and satellite image.
10
The seal bears another name or is only in English
The contract would be signed by another company or without the official seal.
How to check: Compare the seal character by character with the registered name.
Keep it in mind
11
A late annual report, already corrected
Administrative disorder the company has already resolved.
How to check: Entry and exit from the list in section 5.1.
12
Subscribed capital not paid in
It is legal within the deadlines of the 2024 law, but the capital has not been contributed.
How to check: Registered and paid-in capital, section 2.1.
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