SINOTRUST ON THE SIX MAJOR DIFFICULTIES IN RISK MANAGEMENT

Posted by Joachim Bartels | Dec 28, 2010 | Business Information, China, Credit Information, Member News, Sinotrust | 0 |

Fu Junsheng from Sinotrust Credit Risk Consulting Services presented on the Development and Utilization of Enterprises’ Credit Data at a recent 2009’Chinese Society Credit System Development Summit 2009, organized by CMCMA and Credit Rating & Certificate Center of Academy of the Ministry of Commerce.

Fu Junsheng quoted from a recent study that indicates that at present in China, although 98.7% of the firms are anxious to understand customer’s credit status, and 57.4% of enterprises show different degree of worries about customer’s credit status, only 50% of enterprises have done credit survey on their customers. “In regard to information management, enterprises are generally facing the following six enormous difficulties: lack of information, limited usage of information, unshared information, single information, outdated information, and information distortion.”

BIIA Newsletter February 2010 Issue

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Joachim Bartels

Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

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