Mr. Weng runs a business on Pinduoduo, selling paper products for daily use—he has his own workshop, dozens of employees, and quarterly revenue in the millions. Business is going well, but his books are a mess.

”Platform revenue goes into personal accounts, employee salaries aren’t recorded, and there are no invoices for logistics and marketing fees. He can issue special VAT invoices for purchases, but that would add a few percentage points, so he thinks it’s not worth it—”Anyway, customers don’t ask for invoices, so if I don’t issue them, I won’t have to pay taxes, right?’"

Toward the end of last year, he received a series of text messages from the tax authorities. He didn’t think much of them—until the tax bureau issued a formal notice: he had to file an amended return and pay nearly 800,000 in back taxes.

The following content is based on real client cases from Qicaiying; the data has been anonymized.

I waited four weeks for the EIN and spent half a month preparing the documents—only to receive an email saying, ”We regret to inform you that we are unable to open your account at this time.”

My application to open a bank account in the U.S. was rejected—no phone explanation, no written reason; it was all wrapped up with a single email. In the first half of 2026, the rejection rate for non-resident corporate accounts at traditional banks was approximately 40–50%. The rejection rate for Chinese sellers on FinTech platforms has also risen from 15% last year to 20–30% this year. The reasons for rejection are not fabricated by the banks—behind every rejection letter lies a compliance gap that can be addressed.

This article breaks down the nine most common reasons for loan rejections in 2026 (including three new reasons), providing specific solutions and alternative banks for each reason.

Mr. Zhang runs an Amazon business in Shenzhen, specializing in the "Premium Selection" model in the home goods category, with annual revenue of approximately 120 million.

Every year, the factory issues him special VAT invoices, but after he receives them, he just puts them in a drawer and has never used them.

”It's not that I don't know about tax refunds. It's just that the process seems too complicated, it takes too long, and I'm afraid the tax authorities will come after me—”Forget it, I'm not going through all that trouble.'"

It wasn't until Qicaiying helped him organize 18 months' worth of invoices that the 850,000 yuan tax refund was credited to his account.

There’s a seller in Shenzhen named Old Chen who opened two Takealot stores at the same time last year. One was a cross-border store registered with a Chinese business license that shipped directly to customers. The other was a local store registered under a South African company, with inventory stored in a local warehouse. They carried the same product selection and followed the same operational schedule.

On July 14, 2026, the Hong Kong Inland Revenue Department issued its latest circular to tax representatives: The deadline for paper tax returns for Category D companies has been extended to August 31, and the deadline for electronic filing has been extended to October 2. That is exactly 45 days from today.

Cross-border e-commerce businesses and foreign trade companies most commonly use Category D Hong Kong companies with a December fiscal year-end. This extension directly affects the annual compliance schedules of thousands of sellers in Shenzhen, Guangzhou, Dongguan, and Foshan.

Forty-five days—it doesn’t sound like a short time. But when you break it down—sorting out related-party transactions, preparing the audit report, compiling the transfer pricing documentation, and gathering evidence to substantiate the business substance—if any one of these steps gets held up, the deadline becomes the end of the road.