China: Get your in-house bank to the next level
Feb 16, 2017
How Sinotrans & CSC released $1.53 bln via its IHB
Huang Bilie, CFO of Sinotrans & CSC, shares how centralised treasury eased its funding pressure and reduced the cost of borrowing by 30%.
To corporate treasurers in Asia’s shipping industry, Sinotrans & CSC doesn’t need any introduction. To those who aren’t familiar,it is the biggest comprehensive logistics service supplier in China by total assets. It is the result of a merger between China National Foreign Trade Transportation Corporation (Sinotrans) and China Changjiang National Shipping Corporation (CSC) in 2009.
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