140 Years of Cash Management in China Brian Tsang Senior Vice President Payments and Cash Management HSBC China 19 April 2005
Agenda 1. The first 130 Years 2. The recent 10 years 3. Year 2005 4. Next 10 years and beyond
The First 130 Years…
Cash Management in China: Beforehand · Making and receiving payments – “Cash Management” was nonexistent · Scattered, independent “clearings” · “Approval” was mandatory · Source of help and advice
The Recent 10 Years
Cash Management in China: The Recent 10 Years · Cash Management concept promoted by multinationals and foreign banks · Vastly improved clearing infrastructure via State Banks and PBOC · Revolutionised / evolutionised foreign exchange regulations · Expanding business scope foreign bank branches · Trusted advisors from banks, legal/law firms and regulators · Not without its challenges though…
Evolution of Cash Management in China Many corporates are now moving into Stages 2 & 3 STAGE 1 STAGE 2 Greater focus on Consolidation Basic Cash Mgmt. Activities n Locallymanaged payments and receipts n Reporting and cash flow forecasting STAGE 3 Regional Cash Management n Day-to-day liquidity management n Consolidation of banking processes n Greater emphasis on controls Entity-based Deployment STAGE 4 Global Treasury Activities n Centralized management of payments and collections n Global filebased payables & receivables mgmt n Increased focus on investments and structured liquidity mgmt. n In-house bank Regional & Global Strategy
2005: Time to Take Stock Now…
Cash Management in China: What Now? Receivables Management System Customer’s Business Processes A/R Management ERP/ Our Treasury Management Clients Systems A/P Management Alliance Bank Network HSBCnet (Internet) Information Management Integrated Receivables Solutions Integrated Delivery Channels HSBC Connect (Host-to-host) Liquidity Management Solutions Integrated Payments Solutions Cheque Outsourcing HSBC’s Integrated Cash Management Solutions mirror your business process management and systems in China Account management Group Entrust Loan Electronic payments Payments Advising Group Liquidity Solution
HSBC and Our Partner Banks: Your One-stop Shop Single interface Partner banks Cash management solutions · Nostro-a/c ABC · Standing Instructions HSBCnet Connects via… BOC · HSBC and 3 rd party a/c reporting CCB · Simplified Chinese enhanced SWIFT ICBC · Host-to-host link Bo. Comm · Service Level Agreement and HSBC Connect · Integrated Payments Solution – HSBC and 3 rd party a/s · Integrated Receivables Solution – nationwide · Integrated Liquidity Management – HSBC and 3 rd party a/c Combined strengths to meet your needs
Next 10 Years and Beyond…
Cash Management in China: Next 10 years and beyond · Nation-wide RTGS clearing infrastructure connected to all local banks and foreign bank branches. Top internet infrastructure · Efficient and effective inter-company liquidity management – inside China and cross-border · Regulations rationalization, “cash trap” will be gone · Converged business scope between foreign banks and local banks · One-off cooperation >> business partnership >> strategic alliance >> systems / operations integration INNOVATIONS in GLOBAL cash management FROM CHINA!
HSBC’s Commitment in China · Largest foreign bank branch network · Largest strategic investment in China · China “old hands” with international expertise · Global technology with local touch · As a conduit between our customers and regulators Your Trusted Advisor For Cash Management in China
Best Cash Management Bank in China and Asia Best Overall Cross-border Cash Management Bank in Asia (2004) Best Cash Management Bank awards* (2004) – Australia, China, Hong Kong, India, Indonesia, Japan, Malaysia, Singapore, Taiwan and Thailand * Domestic business/cross-border Best Cash Management Bank in Asia (2003 -2004) Best Overall Bank for Cash Management in Asia (2003 -2005) Best Bank for Liquidity/Working Capital Management in Asia (2003 -2005) Best Provider of Outsourced Treasury Solutions in Asia (2003 -2004) Best Bank for Payments and Collections in Asia (2003 -2005) Best Bank for Risk Management in Asia (2005) Best Bank for Money Market Funds in Asia (2005) Best Cash Management Bank in Asia (2004 -2005*) Best Bank for Payables and Receivables (2004 -2005) Best Bank for Cash Management, Trade, Custody and DRs in Hong Kong (2005) Best Cash Manager – Asia (1999 -2004)
Thank You
Скачать презентацию 140 Years of Cash Management in China Brian
16f6c071e58c8a1cb2763b00b7661e41.ppt