September. 2007

                                                         http://www.china-investigation.com

Black-and-white Photograph Exhibition hosted by “Nophoto” will be held at Dashihang Chevrolet Exhibition Hall (1/F, Ao’ Xing Plaza , No. 21, Andeli North Street , Dongcheng District) from September 3 to September 16, 2007.         (www.nophotochina.com)

To accelerate the construction of social credit system, Shaanxi Province recently issued Implementation Opinions of Hastening the Social Credit System Construction in Shaanxi Province, requesting relevant departments, industry associates, credit extension institutes to publish the credit record at regular intervals, so that the defense against person with poor credit standing will come into being in society.

The authenticity of ID card will be checked when individual or enterprise process account opening, large amount of cash withdrawing in banks. The Banking Institutions’ Online Check of Citizens’ Identity Information jointly built by Central Bank and Public Security Bureau at the end of June 2007 provides technology support for the service. According to Central Bank and Public Security Bureau, more than 2,500 frauds have been cracked down since the system started operation, which has effectively prevented economic disputes and financial swindling. Besides, the check needs only one second and won’t cause line up.s

Ten winners of “creative students” issued the China Youth Intellectual Property Protection Announcement on behalf of China ’s hundreds of millions of teenagers in the First China Youth Creative Competition Awards held in Beijing , which is the first youth intellectual property protection announcement in China as well as in the world.

Cucumber Olive Oil Makes Your Hair Shining

In hot summer, heat, sun and sweat all can hurt your hair and make it dull and lusterless. Here is a homemade hair care cream recommended by the hair stylist to help fix the lull-looking hair.

Ingredients:

1.         Cucumber

2.         1-- 2 tablespoons olive oil. (Short hair: 1 tablespoon; Long hair: 2 tablespoons)

Direction:

1. Put cucumber in blender, and combine olive oil with the mashed cucumber.

2. Apply cucumber olive oil to hair ends, massage gently for about 15 minutes

3. Wash hair with shampoo and rinse out.

What is Credit Risk

Credit risk can be simply defined as the potential of debtors’ non-payment of a loan. Credit usually includes business credit and bank credit. The former refers to suppliers’ permission of deferred payment when selling products or service to customs. The latter is defined as the banks granting loans to get interests together with the principal back. However, agreement breaching, canceling, renegotiation and modification of the counterparty will cause losses for credit authorizers.

Credit risk is a kind of delinquent risk due to counterparty’s failure to meet its obligation in accordance with the agreed terms. It can be the debtor failing to repay debts or the delinquent party refusing to offer promised goods or service.

Therefore, credit risk is the priority concern of credit authorizer all the time. Credit provider can be banks granting loan or companies which sell goods or services via credit sales.
The uncertainty in borrowers’ ability to meet its obligation put banks in risk of bad debts or bearing potential cost of deferred payment.

In the same way, companies selling products or service via credit sales also face similar risk of ending up with non-payment or deferred payment.

Credit applicants can also be the victim of credit risk. For example, suppliers are unable to provide products or service, or banks’ failure in offering financing service due to capital reasons, which will definitely put credit applicants in risk.

Previous      Back       Next