Change Language

China Huadian Corporation Ltd Set up its Corporate Treasury Centre in Hong Kong

The move is instrumental for the company to go global and to manage the group’s overseas capital and financing activities.

China Huadian Overseas Asset Management Company Limited was incorporated in Hong Kong on 21 March 2018. As China Huadian’s only overseas asset management and financing platform, China Huadian Overseas Asset Management Company Limited is responsible for managing the treasury activities of the group’s overseas companies, including account management, capital management, capital settlement, financing management, risk management and trusteeship of overseas bonds.

According to Shao Guoyong, Chief Accountant, Hong Kong is closely connected to both the Mainland and overseas markets and is well-positioned to become one of the world’s leading hubs for investment, financing and asset management for infrastructure projects. “Hong Kong plays an important role in the Belt and Road initiative by offering a comprehensive range of financial and professional services. This is truly beneficial for Mainland Chinese companies to manage their overseas business as well as enhancing their capital efficiency and risk management strategies.”

Shao also noted that the Hong Kong government introduced a concessionary tax regime to promote  the setup of corporate treasury centres (CTCs) in the city; in addition, the “Pilot Bond Grant Scheme” offering support to eligible first-time bond issuers. All these policies have contributed to creating a favourable operating environment for Mainland companies which have been set up in the city.

Riding on the tremendous opportunities arising from the Belt and Road initiative, China Huadian is planning to expand its international footprint extensively over the coming years. China Huadian Overseas Asset Management Company Limited, being the group’s CTC, provides financial services to the group’s members in a numerous overseas countries and regions, including Spain, Indonesia, Singapore, Vietnam, Cambodia and Canada. At the end of 2018, China Huadian has launched global co-operation plans in over 30 countries and regions.

According to Shao, Hong Kong’s world-class professional and multinational talent pool can help companies to quickly achieve their management goals and expand their businesses. The city’s highly mobile and transparent labour market allows companies to find the right talent to grow with the company together.

Although the CTC is still in its early stage of development, it’s already planning to strengthen its workforce by stepping up its local recruitment effort. Its long-term goal is to provide a comprehensive range of financial services allowing the team to manage the overall capital flow for the group and act as the corporate treasurer for both the group and the group’s overseas members.

“I’d like to say a big thanks to InvestHK for all their support and liaison with various government departments for us both before and during our incorporation process,” Shao concluded.

03.10.2019

Fast Facts

  • China Huadian owns two companies listed on the Hong Kong Stock Exchange, namely Huadian Power International Corporation Limited (01071.HK) and Huadian Fuxin Energy Corporation Limited (0816.HK)
  • In 2018, the company issued its first overseas bonds in Hong Kong

(Please click here to download Acrobat Reader)


Contact Us
ご連絡先をお知らせください。折り返しご連絡いたします。

The personal information you have provided will help us deliver, develop and promote our services. By submitting your details, ticking the boxes and clicking "Submit" indicate that you have read and agreed to our privacy policy and cookie policy. Please read these to understand your data rights.

香港経済貿易代表部
〒102-0075 東京都千代田区三番町30-1
Update on COVID-19: Please refer to HKSARG's website on the Fight Against the Coronavirus for the latest situation, health measures, travel advisories, a wide range of support measures available to businesses and a list of FAQs.

Share to

QR