CRIF and ZHOUBOTONG build strategic partnership to provide one-stop credit risk solutions for small and medium-sized foreign trade enterprises

CRIF and Guangzhou ChouYin Group (ZHOUBOTONG Foreign Trade Integrated Service Platform) initiated the strategic cooperation at the beginning of 2019, and are committed to reducing the credit risk of SMEs in foreign trade. Recently, the two parties also built an Application Programming Interface (API), enabling enterprises to obtain business information on trading partners directly on the platform, greatly simplifying the operating process and improving efficiency.

Through its international network, innovative technology and high-quality business information, CRIF provides SMEs with comprehensive and flexible business information solutions that enable companies to make informed business decisions through more reliable customer information, so as to improve credit risk management, reduce business risk, and promote the development of enterprises.

The ZHOUBOTONG Foreign Trade Integrated Service Platform applies the “Internet+” concept to systematically optimize and integrate all aspects of traditional foreign trade. The platform provides a one-stop service for small and medium-sized foreign trade enterprises, simplifying the complicated traditional foreign trade process, greatly improving efficiency, and reducing service costs. Now, with the partnership between CRIF and ZHOUBOTONG, SMEs can easily obtain domestic and overseas business credit reports on the platform through the API to review the background of business partners and reduce credit risk in foreign trade, leaving them time to focus on exploring more business opportunities.

“CRIF is always pursuing innovation, creating value for customers with better solutions. Through its collaboration with ZHOUBOTONG, small and medium-sized foreign trade enterprises will be able to trade in a safer environment, which will also strengthen their competitiveness”, commented Fion Fok, CRIF General Manager for Hong Kong & South China Region.

“The cooperation between ZHOUBOTONG and CRIF will further leverage the advantages of the platform to provide more comprehensive services for small and medium-sized foreign trade enterprises, so that they can use resources more effectively and promote business development”, according to Wu Wenbo, CEO of ZHOUBOTONG Foreign Trade Integrated Service Platform.

About ZHOUBOTONG

Founded in 2014, Guangzhou ChouYin Group (Equity Code: 892323) is committed to providing foreign trade enterprises with one-stop comprehensive foreign trade service solutions such as customs clearance, foreign exchange collection, exchange settlement, tax refunds, logistics, credit insurance, and financial solutions. Core members of the team come from HNA group, Ericsson, Alibaba, TEREDATA, and the Guangxin foreign trade group.

ZHOUBOTONG is one of the seven enterprises that have successfully registered with the Guangzhou Tax Bureau, and has served more than 3,000 clients. The company does business in Guangdong, Hunan, Jiangxi, Hubei, Henan, Zhejiang, Jiangsu, and other places, and subsidiaries in Wuhan, Zhanjiang, Zhongshan and Shenzhen. ZHOUBOTONG also runs a commercial factoring company that offers export financial solutions to clients. By December 2018, ZHOUBOTONG had accumulated loans of more than 50 million yuan, including tax-refund and export factoring.