International entities importers from different countries that make use of Hong Kong companies to supply goods from China face the following problems:
Sinosure's lack of access to financial reports
The first common complication for Hong Kong companies is that they are not obligated to share or publish any financial reports. For this reason, Sinosure often encounters the difficulty of evaluating the company's financial status or situation. Therefore, it is impossible to provide the company with a credit limit.
We, at Axton Global, take the complexity out of this process by manually gathering together the documents and then uploading them to Sinosure. This helps companies overcome the complication of being verified for their credit investigation and, subsequently, pass the evaluation.
Hong Kong companies often are not real consignees
As the Hong Kong company might not be classed as a real consignee, and the imported goods are transported from China straight to the importer's international port (in their country), the importer can face certain complications.
Because the Hong Kong company is used solely for making transactions or payments, the importer might encounter difficulties if the Sinosure credit limit has been provided and accepted in the name of the Hong Kong company. It can lead Sinosure to reject the shipping documents that bear the name of the international company (or actual importer).
With this in mind, certain documents are needed to permit the real consignee to receive their goods at the international port.
Our expert consultancy services at Axton Global remove the complications from this process, making international imports unproblematic.