Legal Protection
GYIE cross-border bulk commodity e-commence platform would strictly abides by relevant laws including Law of the People's Bank of China, Law of the Commercial Bank, Commercial Instrument Law, Insurance Law, Banking Supervisory and Administrative Law and relevant regulations such as Savings Business Management Provisions, Foreign Exchange Control Regulations, Penalties for Illegal Financial Activities, Regulations on RMB Administration, Regulations on Management Corporations of Financial Assets, Managerial Rules of Foreign Capital Insurance Companies, Managerial Rules of Foreign Banks. If it is found that the operations of the buyer and seller break the rules, GYIE platform would frozen capital or inventory immediately and then conducts verification to determine to desterilization or disqualification for the next step.
Fund Security
Lending quotas can only be used for purchasing goods on GYIE e-commerce platform which could strictly forbid clients to use the funds in the real operation process. The funds paid by a buyer in transaction process are supervised by strategic cooperative banks of GYIE resulting in both ensurement of the safety of funds and clients' financial gains. While using platform products of financial function, clients insure this deal enjoying the rights of compensation liability of insurance companies and meanwhile re-issues insurance products for the business insured by insurance companies to the public through network finance guaranteeing the insurance companies against loss.
Risk Control

Field Survey of Enterprise Qualifications

We will make preliminary screening on our customers based on the transaction data, and investigate the admittance enterprises’ operating time, scale, operating conditions, and their downstream customer qualification, etc. through on-the-spot visit. All our customers should submit their personal credit information reports to us for the information check in the national court execution information query system and the enterprise information public system.

Payment of Cash Deposit

The buyer should pay the cash deposit on each completed transaction, or request the seller to pay the cash deposit. The system will send automatic warning information to the customers when the product’s price fluctuation excesses a certain proportion after the payment of cash deposit.

Control the Flow of Funds

Lending quotas can only be used for purchasing goods on GYIE e-commerce platform which could strictly forbid clients to use the funds in the real operation process. The funds paid by a buyer in transaction process are supervised by strategic cooperative banks of GYIE resulting in both ensurement of the safety of funds and clients' financial gains.

Default Risk Control

If either the buyer or seller fails to fulfill each party’s duties within the term of the contract, we will take corresponding measures at each stage, such as charging a cash deposit, price warning, pledging warehouse receipts for cash, fund supervision and credit rating, etc., or we will take lawsuit measures and blacklist those customers and their legal persons in our transaction.

Business Strategic Cooperation of Insurance Company

The staff, responsible for the functional products in the customer-use platform, should insure this business with losses born by insurance company, and also should issue insurance products for the of insurance company’s insured business to the public through E-finance channels, which can guarantee that the insurance company will not suffer any losses.

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