Thursday, 13 June 2024

Best Cash Management Project in Hong Kong goes to Bank of China (Hong Kong) and China National Chemical Engineering International (CNCEC)

5 min read

By The Asian Banker

While expanding overseas, this leading industrial engineering corporation sought to centralize cash management, enhance efficiency, and reduce complexity amid rising interest and FX costs. The bank implemented a real-time global and centralized Treasury Management Solution, established cash concentration and pooling structures, and developed a tailored Host-to-Host solution, significantly optimizing cash management. 

For automating payables and receivables and halving staff requirements across 130 subsidiaries, the Best Cash Management Project in Hong Kong goes to Bank of China (Hong Kong) and China National Chemical Engineering International (CNCEC).

View the full image gallery of the gala awards here

 



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