China Enterprise Association for Foreign Trade and Economic Cooperation and Credit System Expert Assessment Committee, Foreign Trade Enterprise Credit Rating Standards and Implementing Procedures

中国对外贸易经济合作企业对协会、信用体系专家评审委员会对外贸易企业信用评级标准及实施办法

September 02, 2004 | BY

clpstaff &clp articles

Promulgated: July 6 2004Applicability: The Standards and Implementing Procedures apply to foreign trade enterprises registered with the Ministry of Commerce…

Clp Reference: 5800/04.07.06 Promulgated: 2004-07-06

Promulgated: July 6 2004
Applicability: The Standards and Implementing Procedures apply to foreign trade enterprises registered with the Ministry of Commerce or local authorities in charge of commerce (Article 17).

Main contents: A foreign trading enterprise may apply for credit ratings on its own (Article 10). Part Two concerns the basic factors for credit ratings, including (1) the basic conditions, (2) management standard including contract management, financial management and human resource management, (3) credit record, (4) business performance, and (5) cash flow.
Related legislation: PRC Foreign Trade Law (Revised), Apr 6 2004, CLP 2004 No.4 p34

clp reference:5800/04.07.06
promulgated:2004-07-06

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