2016年1月19日 星期二

Online shopping in China

Online shopping is an easy and convenient way to buy things. It will save you time and money. When you study in China, you can try to buy things on China’s online website. I’ll tell you how to buy things online and give you the tips on getting big discount.

There are many online shopping websites in China. Taobao is the biggest website in China. You can buy almost everything on it. Taobao has 2 versions: taobao.com is for little sellers who are retailers, while tmall.com is for the famous brands or manufacturers.

At present, all of the online shopping websites are in Chinese language. But if you know the basic online shopping Chinese and have a Chinese address, you can also easily buy things online at a cheap price.
Step by Step, shopping online

1. Registration

You can find "registration free" on the left top of the website. Click it you can choose the English version to finish the registration. When you submit you will have to enter your cellphone number. They will send you the verification number to your phone and you enter it to finish the verification. After registration, you have to fill your basic information, such as name, address, cellphone number.

2. Search

You can enter the brand or the thing to search. But you have to translate it to Chinese word first.

3. Add to cart
There are three choice for you :Add to cart,Buy it now,Buy all in the cart.

4. Pay

After you choose the address which you can get the package and submit the order. You have to pay online. There are many ways to pay, such as use credit card, internet bank and alipay(more like Paypal).

In this step, the money is first paid to Taobao, when you get the package and confirm the order. Then the  money will send to the sellers. This will protect buyers from getting nothing and losing money.

Buyer pay to-> Taobao send order to->seller send the package to-> Buyer confirm the order-> Taobao send money to-> Seller

5. Get the package and confirm the order

There is a rule in Taobao, the seller must send the package within 72 hours, most of them will send the package in 24 hours. You will get the package in 1-7 days. It depend on distance between you and the seller.

6. Others

If there is anything wrong with the goods, contact the seller at the first time. You have the right to return the goods in 7 days if you haven’t used it. Also, you can buy from online shopping taobao english directly, such as agreetao.

Tips on big discount

In general, you will find discount on every holiday: both on Chinese traditional festivals and western holidays. The particular goods will have discount, such like Valentine’s day to buy the chocolate,  women’s day to buy the cosmetics.

Besides, Taobao has its own big discount. On November 11st, we called it “double 11″, most of the shops on tmall.com have 50% off discount. On December 12nd, we called it “double 12″, most of the shops on taobao.com have big discount.

Another big discount is from the  December to the Chinese spring festival. It is about 2 months, including Christmas day, New year’s day and the Chinese spring festival.

2016年1月11日 星期一

Something About China property bonds

To many global investors, bonds from China’s property sector are toxic nuclear waste, not to be touched at any cost. To others, they come with a more pragmatic “handle with care” warning. I belong to the latter camp.

From just a handful of bonds 10 years ago, the sector has grown to contribute 9.5% of the Asian US dollar bond market with US$51bn of bonds trading. That is nearly a third of all high-yield corporate bonds in the region.

Over this period, the sector has gone through three cycles of downturns and upturns. Several Chinese property companies have issued, redeemed and refinanced their offshore bonds. Companies with credit ratings ranging from Single A to Triple C have managed to issue bonds, which chinese trade credit actively in the secondary market. Yet, a feeling of unease persists.

Perhaps the first source of discomfort is the fact that offshore Chinese property bonds are deeply subordinated, since they are issued by offshore-incorporated entities, which inject the bond proceeds as equity into their onshore companies and service their debt only out of equity dividends received back from the mainland. The difficulties in repatriating equity funds out of China mean that the offshore principal effectively has to be refinanced. In case of bankruptcy, the onshore lenders have the first claim over the onshore assets.

While this structural weakness is undoubtedly true, it applies to every other bond issued by Chinese businesses, including investment-grade bonds far beyond the property sector, since the structure was born out of regulations prohibiting the issuance of debt or guarantees by mainland companies. (Only recently have the authorities begun to relax this prohibition, and the first few offshore bonds are now coming out with direct guarantees from mainland operating companies.)

ANOTHER SOURCE OF discomfort is the government’s meddling in the property sector through various measures, including the flow of credit to the builders, rules for financing land purchases, obtaining mortgages, and mortgage down-payment requirements. The harshest controls came in 2010 when the government restricted the number of apartments that an individual could purchase.

Property prices are a sensitive subject everywhere, and China is no exception. The government presses the brakes if the prices are speeding too fast and pushes the accelerator if property construction flags too much so as to threaten the overall economic growth.

This government intervention makes asset values volatile in both equity and debt markets, and raises the cost of capital to the sector.

Some investors have also been scared away by stories of oversupply and ghost cities. The property development business model, by definition, consists of a long operating cycle, and there may be genuine demand/supply imbalances, as in any other industry, but the overwhelming majority of Chinese properties are built in response to actual demand from a rapidly urbanising population. The same goes for talk of speculative buying, when the reality is that most of the properties are bought for self-occupation. Buyers have to put up a minimum 30% down-payment, they are not over-leveraged and there is no subprime lending.

WHEN IT COMES to investing in Chinese property bonds, one should realise that there has already been one level of filtering – only those companies large enough to go through a rating process and the expense of issuing offshore actually end up selling dollar bonds. They are all listed offshore, most of them in Hong Kong, and are subject to audits and disclosures that go with the listing status. The additional scrutiny from equity analysts and investors that comes with listing also offers additional information for bond investors.

There has not been a single default in the sector so far, and only two distressed exchanges in 2009, both at 80 cents to the dollar. Some companies did go through financial distress during previous sector downturns, but they managed to sell land or unfinished projects to stronger players and stave off default.

This is not to argue that we would never see a default in the sector. We will, sooner or later. But the sector has genuine fundamentals, strong and weak players, and saleable assets that can be realised in times of distress.

So, how should one approach investments in Chinese property bonds? First of all, investors need to be prepared for the volatility that comes with the regulatory changes. Any crash in value following a regulatory tightening offers an opportunity to pick up the higher-quality bonds at more attractive prices. In fact, such moves also enable the stronger players to buy out the weaker ones or to acquire assets from the struggling players, and increase their market share.

The current downturn in the market is no different. It is true that the stock of unsold property is running above average; that the leverage has increased in the last 12-18 months in response to slowing sales; that margins are under pressure due to the pressure to liquidate stock; and that some of the weaker companies are likely to experience a liquidity crunch in the next 12-18 months, unless they slow down their expansion. But the current downturn is also an opportunity to pick up bonds issued by stronger companies, which will benefit from the tight conditions in the sector. The challenge is reading the credit fundamentals carefully enough to identify the winners.

2016年1月4日 星期一

China credit rating agency in Europe

Italy's second largest city is to be home to the first European office of Dagong, the Chinese credit rating agency,which check chinese company credit. It is expected that the company's Milan office could get official approval to begin operations as early as next month (June). It is currently waiting on final authorisation from the European Securities and Markets Authority (ESMA), the EU financial regulatory body.

Once operational, the Milan office will employ more than 40 analysts as a joint venture between Dagong Global and Mandarin Capital Partners, a Sino-Italian private equity fund. It will undertake rating activities for banks and corporate entities, while any sovereign state rating activity will be conducted by the company's head office in Beijing.

It is believed this Europe-based rival to Standard & Poor's, Moody's and Fitch Group (the three ratings agencies that together share 95% of the global market) is intended to boost Chinese investments in Europe by providing Mainland companies with clear indications of the value and rating of local industry prospects.

It is a timely launch, given that Chinese investors are currently switching away from sovereign state bond investments and considering the acquisition of both brands and local industries. A rating by a China-based agency could be a useful guide for Chinese investors looking to evaluate opportunities in the European market.

Milan decision surprises industry observers

The selection of Italy as Dagong's first European operation – with more apparently planned in the coming years – has caused raised eyebrows among the EU business community. Despite retaining something of an industrial base, the country is not seen as one of the main European hubs for financial services.

The Italian press has carried some concerns that the arrival of this Chinese newcomer reflects expectations that a number of local businesses, weakened by the prevailing European financial conditions, could be ripe to be acquired at knockdown rates. Some have even suggested the agency could be instrumental in artificially lowering the value of companies in order for purchasers to secure a better deal. Others, however, maintain that the arrival of a Chinese ratings agency is inevitable given the level of the country's acquisitions in Europe.

2015年12月27日 星期日

For example: The Yingli Energy

Yingli Solar (NYSE: YGE) makes solar power possible for communities everywhere by using our global manufacturing and logistics expertise to address unique local energy challenges. As one of the world's largest solar panel manufacturers, our teams of local experts are empowering communities around the world to go solar.

More than 50 million Yingli solar panels (representing over 13 gigawatts) have been shipped to more than 90 countries, including Germany, Spain, Italy, Greece, France, South Korea, China, Japan, Brazil, Australia, South Africa, Mexico and the United States. Yingli's dependable solar panels have been proven to perform in diverse climates and environments nearly everywhere under the sun.

Company Name:Yingli Energy (China) Co., Ltd.
Province:Guangdong Province

More imformation in Cnbizsearch. In this page you can
1)make sure supplier is real and legitimate company,not shell or fake company
2)make sure supplier can deliver the products in the quality standard specified in contract by checking their production line and mass produced products on the production line
3)make sure supplier has proper quality control policy and record
4)make sure the owner and contact person are good business people and your orders are in good hand.
5)make sure the documents and certificates from supplier is authentic

Cnbizsearch offers company verification service at most part of China, the network covers all the coastal regions and most part of inland China.

2015年12月14日 星期一

Tips to ensure safe online shopping

I am writing this because I need a refresher course in how to shop online. I recently made some mistakes. I was in a hurry, and my credit card information was stolen. It's embarrassing when the bank calls, asking if I really want a paid subscription to a Web site of ill repute.

The bank closed the account and sent me a new credit card, no big deal. Or so I thought. I managed to forget about the monthly charges associated with the card. Enlightenment came when I received a call from my YMCA representative. She wanted to know why the charges were not going through. Oops.

Recently, I've been writing quite a bit about debit/credit card scams. So it seemed like a good idea to cover the risks of online shopping taobao english and share what I learned from my research and my real-world teaching moment.

1: Use a credit card provider that offers one-time credit card numbers

This is where I got sloppy. I normally use a credit card provider that offers one-time numbers. But I was in a hurry and didn't. What I gained at the moment was lost times 10 when I had to clean up my mess. Using my one-time credit card number would have removed any possibility of someone reusing the stolen information.

2: Make sure the Web site is valid and trustworthy

I recently wrote a piece on Blackhat SEO and how criminals are subverting real Web sites with malware or creating believable copies of real Web sites loaded with malware. I suggest using one or more of the site-rating Web-browser extensions. If the site is problematic, you will know.

Some of the better-known extensions are Web of Trust, LinkExtend, and McAfee SiteAdvisor. You also have the option to check questionable domains on the extension developer's Web site.

3: Check to see whether the Internet connection is secure

This may seem obvious, but people get lulled into complacency. I have to remind myself to double-check that a closed padlock is displayed, that https is used, and that the certificate is valid — ideally, an EV certificate. Each Web browser uses a slightly different approach, so make sure you understand how your browser advertises secure Internet connections.

4: Beware of deceptive or disguised offers

Last year, I wrote an article about coupon-click fraud and how people were unknowingly signing up for programs or offers they did not want. When you're filling out the information required to make an online purchase, carefully read what all the check boxes represent, regardless of whether they're selected. Opt-in and opt-out wording may be interchanged.

5: If actively shopping on the Internet, check often for unusual debit/credit card transactions

This tip is important. In almost all cases, discovering fraudulent charges early will lessen the impact of the problem. In fact, financial institutions usually absorb the charges if they're reported within a few days. So check often and know the liability limits used by your debit/credit card provider.

Extra tip: Call the order in if there is any doubt

Sounds simple enough, but many people don't think of it. If I have any concerns at all, I will call the order in. The company may still have problems, but you don't have to worry about its Web site being malicious or phishing for your financial information.

2015年11月29日 星期日

Looking for taobao agent?

Chinese Taobao is one of the world's largest e-commerce websites, a combination of eBay and Amazon, only bigger. With more than 800 million items listed, you can find almost anything offered for sale.

For the Shunyi expat community, it’s even more convenient because Ruan works at one of the International Schools, which makes paying in cash incredibly easy. Their ten percent fee is very reasonable, if you consider how much time you will save, and using a personal shopper takes the hassle out of the whole process. So maybe it’s time to give your bilingual friends a break, and enlist the help of an agent instead.

If you are unable to read Chinese, or do not have the time or patience to trawl through hundreds of pages of items, then it’s time you got a Taobao agent. Agents, or personal shoppers, will do your shopping for you. They do the searching, buy the items, and have them delivered either to their own warehouse, and then ship them out to you, or will arrange delivery direct to your home.

In need of a fancy dress outfit for a friend’s Birthday Party, I did an initial search on Taobao, so that I had a few links and pictures of what I wanted. I then emailed these links to TaobaoPlus10 personal shopper, Andrew Ruan, who helps simplifying the whole Taobao shopping experience for expats in China.

“As vendors from all over China put their stuff for sale on Taobao, we can find almost anything. My customers only need to send me an email of what they need (description, a web-link, a picture, a brand), then I will get back to them with the links for those items available,” explains Ruan.

Once you receive the list of matching products, simply select the item you want, send your personal shopper the payment (cash, PayPal or bank transfer), and they will order the product for you. Items will be delivered to your home, and if you need something urgently, they will pay the seller on your behalf, and then you reimburse TaobaoPlus10. If there are any problems with the order, they will help you resolve the issue. Ruan’s recent orders have included Huggies diapers, Crayola coloring pens and pencils, gluten free pizza base, and Vogmasks.

2015年11月25日 星期三


In an attempt to revive the Chinese economy, the People's Bank of China clipped interest rates for the sixth time since November as well as reduced its reserve-requirement ratio for banks. The country's benchmark lending and deposit rate was cut 25 basis points, while its reserve-requirement ratio for banks dropped 0.5 basis points.

Hong Kong And Taiwan Companies Will Need More Due Diligence Into Business Partners.

Amid the high profile interest payment default by a property developer, global ,expecially china trade credit insurer Euler Hermes warns of heightened insolvency risk and deteriorating payment terms in China. In 2015, Euler Hermes Economic Research expects the number of Chinese companies filing for bankruptcy to grow +5% (representing an estimate total of 2,760 cases) as liquidity tightens due to the crackdown on shadow banking, overcapacity in the real estate sector and greater fiscal discipline by local governments.

However, because of the complex and costly procedures involved, insolvency cases in Chinese courts are still relatively rare in absolute terms. Euler Hermes notes that an increasing number of Chinese companies lacking access to bank financing must look for alternatives, with a growing number choosing to delay payments to suppliers or asking for extended credit terms to their business partners.