Shanghai Offers Credit Management Training to Business Executives

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Last updated at: (Beijing Time) Friday, August 30, 2002

Shanghai Offers Credit Management Training to Business Executives

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Shanghai, the biggest industrial and commercial center in China, Thursday started its ambitious program to offer courses on credit management for its hundreds of thousands of business and financial executives in medium-sized and small firms.

Hans Belcsak and Henry Lee Chan, experts with Finance, Credit and International Business (FCIB), made presentations on credit management to the first batch of business executives attending the training course.

The program was launched by Shanghai Credit Information Services Company, the first firm specializing in collecting credit information on business on the Chinese mainland.

Chen Zhiguo, general manager of the company, said the program was designed to improve the credit of the companies involved, their awareness of paying tax, and their skills in managing credit risks in a bid to raise their financing capability and comprehensive competitiveness.

The two-day training course involves presentations by credit experts from home and abroad using internationally accepted textbooks.

The training program is also open to medium-sized and small firms in other parts of the country.

China's business community has been plagued with defaults, mostly among medium-sized and small firms, due to the lack of a national credit information service system.

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