Hong Kong preferred base as Chinese SOEs consolidate overseas accounts in treasury hubs
China’s central state-owned enterprises (SOEs) are consolidating scattered overseas accounts into unified treasury hubs, with Hong Kong emerging as the preferred base amid a broader crackdown on outflows of state cash. Decades of overseas expansion had seen many SOEs build up assets in multiple jurisdictions, leaving cash management fragmented and making it harder for regulators and company headquarters to track liquidity, foreign-exchange risk and cross-border financing, analysts said…
Exact coordinates
hong kong: 22.400, 114.110
china: 35.860, 104.200
Read it at South China Morning Post See this on the map
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