Corporate treasury management in China is complex but since the country’s WTO accession, companies are gradually starting to benefit from slow improvements in the system.
Wesfo is able to assist companies in setting up efficient strategies for overcoming the many regulations and laws that hinder the smooth running of treasury operations in China. Since efficient treasury management also encompasses banking relationships, Wesfo can advise foreign companies on how recent reform to the country’s banking system alters the way companies in China should approach their treasury operations.
China’s dynamic and rapidly developing business environment requires careful management. Currency risk currently represents a considerable threat to foreign companies operating in China since the RMB is non-convertible on the capital account. Wesfo recognises that managing any such potential risks is essential in order to minimise future cash flow problems and provide for careful financial planning and forecasting. Wesfo can assist you in assessing existing financial risks and the most appropriate treasury management strategy in order to face such risks head-on, while still adapting to your individual business needs.