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Introduction on the Business Databases Search in Hong Kong , Macao and Taiwan

 

 

Keywords: Database search, investment, risk control, due diligence, investigation

 

With increasing business cooperation between Mainland China and Hong Kong, Macao or Taiwan , risks in investment or cooperation is given more and more concerns, and one of the important measures for risk control is investigation on the due diligence of individuals or enterprises before the cooperation.

 

Below is a brief introduction on the business database search regarding individuals and enterprises in Hong Kong, Macao and Taiwan.

 

Due to strict protection on privacy in Hong Kong , Macao and Taiwan , the personal information such as identity information, family, education and employment are not open to the public. However, it does not mean that the due diligence investigation in these areas is unavailable. Based on Steele’s experience, large quantities of information could be obtained from databases with the personal authorization. Take Hong Kong for example, with the personal authorization or accompanied by the party involved, the identity information, education and litigation, etc. could be checked at the local authorities. If you are getting a headache about the investigation in these areas, contact the party involved, and the assistance from him/her will help you out of the dilemma.

 

Subsequently let’s talk about the enterprises‘ due diligence inquiry in Hong Kong , Macao and Taiwan . In the light of local developed economy and frequent international trades, the credit systems in these areas were established relatively earlier and have been comprehensive compared to Mainland China . The enterprise registration information is open to public, and common citizens could access to many databases. The business database resources in Hong Kong are most abundant among the three areas. The general business registration information, such as finance, mortgage, liquidation, civil litigation, etc. is available. In contrast to Hong Kong, the public information in Macao is less. Only basic registration information and civil litigation are open for inquiry. Besides, such information check is more convenient for local citizens. As for Taiwan , though the database construction is mature, many databases are not open to the Mainland because of the tense cross-strait relationship. However, with its good cooperative resources in Taiwan , Steele is able to obtain information required fast and conveniently, such as general registration information, litigation and financial information. With increasing close ties between Taiwan and Chinese Mainland, we believe that the business databases will be open to Mainland gradually.

 

Though the database inquiry in Hong Kong, Macao and Taiwan is convenient, we could not rely on it completely. Deep investigation based on the database search is necessary before investment or cooperation. For example, registering a company in Hong Kong is quite easy. Some companies, without actual operational address and business activities, are registered with a few of Hong Kong dollars and rely on secretary corporate answering calls and receiving emails. For such companies, field investigation is quite necessary to assess and avoid risks.  

 

 

 

For more:

China weighs credit database options (Ⅰ) -- Analyzing credit reporting system models

China weighs credit database options (Ⅱ) -- Analyzing credit reporting system models

Growing of China Credit Database  

Credit Report

Personal Credit is to be kicked off in China

Risk Investment and Risk Management in Business Industry

2009 Chinese Tax Regulations for Non-Resident Enterprises

Construction of Credit System Sees No Basis in Law and Government’s Regulation

The ABCs of Due Diligence

The What and How of Background Checking

How to Do a Credit Background Check

Insolvency and Corporate Bankruptcy in China

Building a Credit Infrastructure in China

How Your Credit Report and Credit Score are Used

Credit Guarantee Legal System in China

Check Your Mortgage Credit Score - Get the House You Want  

Employment Background Checks

Find out Who Phone Number Belongs to

Reverse Cell Lookup

Top 5 Most Valuable Professional Qualification Certificates in China at Present

Top 10 Certified Public Accountants in China

Pre Employment Screening

Pre-Employment Check - A Must for All Businesses

Getting Married in China (I)

Getting Married in China (II)

Civil Records in China (I)

Civil Records in China (II)

Regional Security of China Tourism

 

 

 

 

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