Head of Commercial Treasury Abel Martins Alexandre spoke to CT about relocating its treasury from London to Singapore – and what it took to transform its treasury into a commerical entity
Singapore might have the pedigree and Hong Kong the proximity to China, but fast-emerging corporate hubs in Southeast Asia are snapping at their heels.
Last May, Hong Kong passed significant tax savings to lure corporates to set up their treasury hubs in the city. All eyes are now on corporate tax filings due in August.
A joint CT CBA poll examines the behaviour of corporate treasury departments throughout Asia-Pacific and finds dependence on counterparty ratings and local treasuries limited by central policy.
Dover Corporation and Roche China are ready to take advantage of currency liberalisation from the Shanghai Free Trade Zone (FTZ) through two-way renminbi sweeping.