News & Insights

“Going a Million Miles With Integrity”: CBI invited to Dashenlin Pharmaceutical Group

“Going a Million Miles With Integrity”: CBI invited to Dashenlin Pharmaceutical Group

02 Apr 2021 China

On March 30, 2021, the Guangdong Credit Association organised the "Going A Million Miles with Integrity" seminar event, which was hosted by the Dashenlin Pharmaceutical Group Co at their premises. Zhang Hongli, the executive vice president and secretary-general of the association; Liu Jingrong, vice-chair of the association and vice president of Dashenlin Pharmaceutical Group Co., Ltd; Ye Jun, general manager of Huifa Big Data Information Service (Shenzhen) Co., Ltd; Zhou Xianghui, vice president of CITIC Bank (Guangzhou Branch), and 25 other business representatives attended the event. As a representative of the credit services agency industry, Central Business Information Limited (CBI) was invited to the event, to give a speech on “Enterprise Credit Risk Assessment” by sharing typical case studies.

The event aims to implement the Central Committee of the Communist Party of China, the State Council, and the provincial government’s decisions on the construction of a social credit system. By fostering the establishment of a social credit system and providing credit risk management training services for businesses, we could share knowledge of existing credit policy and general know-how on credit management, to enhance the awareness of credit risk control and improve the level of credit risk management in businesses. As the level of management is improved across the market, the market’s operation will be standardised, and a good business ecology and network of reliable businesses can be formed.

In a keynote speech titled "Enterprise Credit Risk Assessment", Zhu Guangyu, the Director of the Business Development Department at CBI, elaborated on the credit compliance risk, enterprise recruitment risk, and accounts receivable risk faced by businesses in the process of development. He also presented specific case studies and proposed applicable risk control solutions. Mr. Zhu said that enterprises should establish and improve their credit risk management framework, and strengthen the entire risk control process, classify the risk of their business partners, and identify the risk categories it is facing, to take effective measures to mitigate such risks.

Mr. Chen Liangliang, Director of the Risk Control Center at Dashenlin Pharmaceutical Group also shared his philosophy on integrity management. At the end of the speech, the business delegates in attendance participated in a lively discussion on ways to enhance the awareness of enterprise credit risk control, reinforce the relevance and effectiveness of enterprise credit risk management, drawing references to their personal experience. At the end of the discussion, they reached a consensus that "safeguarding enterprise credit is essentially safeguarding the survival of the business".

As a prominent business information company in the Asia-Pacific region, CBI has been committed to providing professional, efficient and reliable business solutions for reputable businesses enterprises at home and abroad, abroad since its establishment 25 years ago. The company has always adhered to its mission of "pursuing the truth, building trust", and it has been integrating this value into its service offerings - ranging from corporate compliance audit, corporate credit investigation, due diligence, employee background check, etc. It combines online and offline services to provide credit reports, risk data, negative history records, field audits, and other findings for our clients. CBI has helped many large enterprises in mitigating the credit risks in their business operations effectively, and thereby facilitates businesses to create more value; the company has been well recognised in society for its contributions to development.

Corporate credit is an important cornerstone of the market economy, and the establishment of the social credit system is conducive to fostering the establishment of an open, competitive and orderly market system. In the future, CBI will continue to adapt to the changes in the relevant policy, as it upholds the spirit of integrity, to help clients in improving their competitiveness through an enhanced corporate credit history. Through corporate governance that adheres to compliance, we can help instil integrity in the entire operation and business development of clients, and in turn, support the progress and development of the market.