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05

2020-06

Seeking Opportunities in Crisis and Acting as Goalkeeper against Overseas Risks
Brightfood International Optimizes Overseas Fund Management and Highlights the Function of Hong Kong Treasury Center

Publisher:Xu Jing     views:

Bright International, as the financing center of Bright Food (Group) Co., Ltd., has been continuously strengthening the unified management of domestic and overseas funds and improving the ability of fund allocation, to support the development of main businesses of Bright Food (Group) Co., Ltd. In recent years, Bright International’s Hong Kong Treasury Center has laid a solid foundation for development, and has sorted out and improved the capital information of nearly 100 overseas enterprises gradually based on the positioning of functions such as account visibility, fund collection, unified financing and foreign exchange management, to achieve the management and control to the information in groups and by regions.

 

The Treasury Center has launched the treasury management system, and has optimized the fund management structure using the international advanced management and control modes, to strengthen the risk prevention and control and the legal affair management. Additionally, in order to fully support the capital needs of overseas member companies, the Treasury Center actively starts negotiations with banks to establish credit relationship, supplement and ensure the liquidity of the working capital and reduce the external financing frequency of subsidiaries, thus to enable them to reduce the debt ratio and financing cost. The Treasury Center gives full play to the intensive effect, improves the efficiency of capital use, and lays a foundation for further optimization and development of overseas capital management.

 

During the global outbreak of the epidemic, the financial market environment became more complicated. Hong Kong Treasury Center acts as the "goalkeeper" to block the overseas liquidity risks, just like the mask acts as the barrier to prevent the spread of the epidemic.  The Treasury Center also continues to analyze the situation of all overseas enterprises one by one and put forward specific liquidity schemes to ensure the working capital needs of enterprises in consideration of their actual needs.

 

The Hong Kong Treasury Center has been growing through its continuous exploration and practice, and has been playing the role of "goalkeeper" against risks for a long term, to provide solid assistance for building a global integrated food distribution platform, realizing the transformation and upgrading of industrial structure and business model, and promoting the revitalization of existing assets. 

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