Atradius Collections Issues an Expanded International Debt Collections Handbook Covering China and Hong Kong

By Atradius N.v., PRNE
Monday, March 28, 2011

AMSTERDAM, March 29, 2011 - For a first, the International Debt Collections Handbook includes
dedicated reports on China and Hong Kong. The fourth edition has been
released today by Atradius Collections.

The International Debt Collections Handbook has established itself as an
essential tool for businesses making decisions on international collections,
as well as for any employee working in credit management. It is written by
experts in country-specific debt collection procedures and legislation. Their
expertise is based on years of experience and collecting internationally for
Atradius Collections. In total the handbook includes 28 countries and covers
the different stages of amicable settlement, financial regulations around
collections, legal proceedings and insolvency procedures.

The latest edition puts a new focus on Asia, highlighting many essential
country-specific facts about Chinese debt collections. A regulation from the
19th century makes running a debt collects business in the People's Republic
of China
not yet officially allowed. Only lawyers or authorized persons can
carry out collections activities or business locally. Therefore, many
companies choose to collect debt in China through a collections agency with
operations in Hong Kong.

In Hong Kong, under the 'One country, two systems' principle, its Common
Law system which was inherited from the UK remains valid. Debt Collections
businesses are therefore legal. "International clients needing to collect
from Chinese debtors will find it a practical solution to seek support from a
Hong Kong office," says Tony Au regional manager of Atradius Collections Hong
Kong office. "Hong Kong offers the benefit of proximity to Chinese culture
and mentality. Next to English, Hong Kong also has Chinese as a legal
language. This makes it easy for all parties involved: collection agencies
speak Chinese as well as are able to serve international clients in English,
increasing the chances of successful collections."

More findings around collections in China, Hong Kong and 26 other
countries throughout Europe and the Americas can be found in the
International Debt Collections Handbook available for downloading at

About Atradius Collections:

Atradius Collections, a business unit of Atradius Group,
provides efficient, quick and flexible solution to recover domestic and
international trade debts. With over 400 staff in 20 offices and an extensive
network of collections specialists and lawyers worldwide, Atradius
Collections serves more than 12,000 customers and handles, on average,
100,000 cases a year. Over 85 years of global credit management industry
experience, uniquely positions Atradius Collections as a worldwide leader in
business-to-business debt collections. Please visit for more information.

Press contact : Corinna M. Lohse, corinna.lohse at, Phone: +31-20-553-3028

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