{"id":47786,"date":"2024-07-23T14:36:47","date_gmt":"2024-07-23T12:36:47","guid":{"rendered":"https:\/\/www.altares.be\/?post_type=nieuws&#038;p=47786"},"modified":"2024-07-23T14:36:48","modified_gmt":"2024-07-23T12:36:48","slug":"introduction-of-the-new-failure-score-for-companies-in-china","status":"publish","type":"nieuws","link":"https:\/\/www.altares.be\/en\/nieuws\/introductie-van-de-nieuwe-faillissementenscore-voor-bedrijven-in-china\/","title":{"rendered":"Introduction of the new Failure Score for companies in China"},"content":{"rendered":"<p>Since July 22, 2024, we have introduced a new Failure Score for companies in China. This improvement helps to better assess the financial health of companies in China and predicts the likelihood that a company will (forcibly) cease its activities within 12 months.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"880\" height=\"472\" src=\"https:\/\/www.altares.be\/wp-content\/uploads\/2024\/07\/failurescorechina.jpg\" alt=\"Chinese vlaggen\" class=\"wp-image-47788\" srcset=\"https:\/\/www.altares.be\/wp-content\/uploads\/2024\/07\/failurescorechina.jpg 880w, https:\/\/www.altares.be\/wp-content\/uploads\/2024\/07\/failurescorechina-300x161.jpg 300w, https:\/\/www.altares.be\/wp-content\/uploads\/2024\/07\/failurescorechina-150x80.jpg 150w, https:\/\/www.altares.be\/wp-content\/uploads\/2024\/07\/failurescorechina-768x412.jpg 768w, https:\/\/www.altares.be\/wp-content\/uploads\/2024\/07\/failurescorechina-18x10.jpg 18w, https:\/\/www.altares.be\/wp-content\/uploads\/2024\/07\/failurescorechina-24x13.jpg 24w, https:\/\/www.altares.be\/wp-content\/uploads\/2024\/07\/failurescorechina-36x19.jpg 36w, https:\/\/www.altares.be\/wp-content\/uploads\/2024\/07\/failurescorechina-48x26.jpg 48w\" sizes=\"(max-width: 880px) 100vw, 880px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">What is the new Failure Score?<\/h2>\n\n\n\n<p>The Failure Score is designed to provide a more powerful and predictive tool for evaluating the financial health of companies in China. This score predicts the likelihood that a company will stop or go bankrupt, giving you a more reliable basis for credit decisions. The Failure Score replaces the previous EMMA score, which mainly identified unstable or unreliable companies. The new Failure Score, developed based on the global standards of Dun &amp; Bradstreet, offers predictive accuracy and comprehensive insights.<\/p>\n\n\n\n<p><strong>Interesting read:<\/strong> <a href=\"https:\/\/www.altares.be\/en\/our-data\/rating-scores\/failure-score\/\">Everything about our Failure Score<\/a><\/p>\n\n\n\n<p>Key features of the new Failure Score:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Improved predictive performance<\/strong>: This score offers strong predictive performance, allowing you to manage risks better and make well-informed credit decisions.<\/li>\n\n\n\n<li><strong>Extensive coverage<\/strong>: The Failure Score is available for approximately 1.4 million companies in China, significantly expanding assessment capabilities.<\/li>\n\n\n\n<li><strong>Replacement of the EMMA score<\/strong>: The new Failure Score replaces the EMMA score. While EMMA provided guidance by identifying companies likely to face severe operational problems, the Failure Score offers a forward-looking prediction of the likelihood that a company will (forcibly) cease to exist.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Which companies does this new score apply to?<\/h2>\n\n\n\n<p>This score is applicable to every company in China, with the following exceptions:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Companies whose data was last updated more than two years ago<\/li>\n\n\n\n<li>Branch entities<\/li>\n\n\n\n<li>Non-business entities<\/li>\n\n\n\n<li>Companies that are no longer active<\/li>\n\n\n\n<li>Sensitive entities<\/li>\n\n\n\n<li>Companies that are not registered in mainland China<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">How do you get the most out of the new score and manage it effectively?<\/h2>\n\n\n\n<p>To fully utilize the new score, the following documents are available as reference materials:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/altares87872.activehosted.com\/content\/pyND2\/2024\/07\/18\/da3af24c-9453-47ad-8b11-93ac28847687.pdf\">Understanding China Failurescore<\/a> (English): This document provides an in-depth explanation of the modeling methodology, availability rules, and score performance.<\/li>\n\n\n\n<li><a href=\"https:\/\/altares87872.activehosted.com\/content\/pyND2\/2024\/07\/18\/49e4811f-77f0-421e-8cc3-08f77c6a4e10.pdf\">FAQs<\/a> (English): Here, you'll find answers to frequently asked questions about the new Failure Score, helping you better understand its implications and applications.<\/li>\n<\/ul>\n\n\n\n<p>While adjusting your processes to the new score, be sure to make use of the <strong>Failure Score Performance Table<\/strong>. This table can be found in the document Understanding China Failure Score to accurately interpret the risk levels associated with the Failure Score.<\/p>\n\n\n\n<p>We believe that this improvement provides a valuable, future-proof contribution to risk management and credit decisions. For questions regarding this score, please feel free to <a href=\"https:\/\/www.altares.be\/en\/contact\/customer-service\/\">contact<\/a> us.<\/p>","protected":false},"excerpt":{"rendered":"<p>The new Bankruptcy Score improves the prediction of the financial health of companies in China. This replaces the EMMA score and provides more accurate insight into the likelihood of a company going bankrupt within 12 months. For 1.4 million companies, the score aids in better credit decisions and adequate risk management.<\/p>","protected":false},"featured_media":47788,"template":"","meta":{"_acf_changed":false,"inline_featured_image":false},"categories":[30],"class_list":["post-47786","nieuws","type-nieuws","status-publish","has-post-thumbnail","hentry","category-nieuwsberichten"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Introductie van de nieuwe Faillissementenscore voor bedrijven in China - Altares<\/title>\n<meta name=\"description\" content=\"Ontdek de nieuwe Faillissementenscore voor bedrijven in China, die helpt om financi\u00eble risico&#039;s beter te voorspellen en te beheren.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.altares.be\/en\/news\/introduction-of-the-new-failure-score-for-companies-in-china\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Introductie van de nieuwe Faillissementenscore voor bedrijven in China - Altares\" \/>\n<meta property=\"og:description\" content=\"Ontdek de nieuwe Faillissementenscore voor bedrijven in China, die helpt om financi\u00eble risico&#039;s beter te voorspellen en te beheren.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.altares.be\/en\/news\/introduction-of-the-new-failure-score-for-companies-in-china\/\" \/>\n<meta property=\"og:site_name\" content=\"Altares\" \/>\n<meta property=\"article:modified_time\" content=\"2024-07-23T12:36:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.altares.be\/wp-content\/uploads\/2024\/07\/failurescorechina.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"880\" \/>\n\t<meta property=\"og:image:height\" content=\"472\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.altares.be\\\/nieuws\\\/introductie-van-de-nieuwe-faillissementenscore-voor-bedrijven-in-china\\\/\",\"url\":\"https:\\\/\\\/www.altares.be\\\/nieuws\\\/introductie-van-de-nieuwe-faillissementenscore-voor-bedrijven-in-china\\\/\",\"name\":\"Introductie van de nieuwe Faillissementenscore voor bedrijven in China - 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