Sinochem Hong Kong (Group) Co., Ltd. unveiled its treasury center, Sinochem Hong Kong Capital Management Co., Ltd., in Hong Kong, on Aug. 26. Li Fuli, Vice President and Chief Financial Officer of Sinochem Holdings, attended the inauguration ceremony and delivered a speech.
Hong Kong, as a global financial hub, offers mature market mechanisms, a wide range of financial products, and top-notch management talents. It is an ideal choice for multinational corporations seeking global expansion, said Li. Sinochem Holdings has always highly valued the unique advantages of the Hong Kong market. Going forward, the Hong Kong treasury center will maintain a pragmatic and proactive work style, draw inspiration from the hard-working and forward-looking spirit of Hong Kong people, actively support Sinochem Holdings' coordinated global capital operations, effectively manage asset and exchange rate risks, and strive to become a professional, efficient, and internationally renowned management platform, Li expressed.
As Sinochem Holdings' sole financing and investment holding platform outside the Chinese mainland, Sinochem Hong Kong is responsible for financing and centralized asset management. With a strong presence in Hong Kong, it continues to deepen its engagement in international financial markets, expand diverse financing channels, and accumulate substantial financial resources.
The Hong Kong treasury center will fully utilize the benefits of localization and synergy to effectively coordinate Sinochem Holdings' international financing activities. This will meet the company's increasing needs for cross-border asset management and capital operations, further enhancing the global operations of Sinochem Holdings. By operating a unified asset pool for both domestic and foreign currencies, the Hong Kong treasury center will strengthen the connection between domestic and overseas platforms, promote the deepening of overseas asset pool management, and enhance the treasury system. This will provide solid financial support for Sinochem Holdings' ambition to become a world-class comprehensive chemical enterprise.
