Chinalco Sets Up Treasury Centre in Hong Kong

China National Aluminium Corporation (Chinalco) has established a corporate treasury centre in Hong Kong to manage its offshore funds and financial risks. Speaking at the announcement, Investment Promotion Chief Director-General Alpha Lau highlighted Hong Kong's role as the first port of call for mainland firms entering the global market and as a key hub for corporate treasury centres.

Treasury Enhancements

Enhanced Cross-border Renminbi Settlement and Risk Management

The new entity, Chinalco Treasury Management Co Ltd, will centralize the group’s offshore funds and handle offshore financing, exchange rate, and interest rate risk management, as well as integrated financial services. Chinalco CFO Xiao Xin pointed out that Hong Kong’s fourth-largest foreign exchange market, along with its developed channels for Renminbi financing and trade settlement, will help the group more effectively manage its global funds.