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HTDK Invited to Attend the “Lujiazui Financial City Multinational Companies Regional Headquarters Treasury Center Promotion Conference” as One of the First Batch of CTC Enterprises

27 Jun 2024

HTDK, a leading cross-border business solutions platform in China, was invited to participate in the “Enhancing Treasury Quality, Empowering Headquarters – Lujiazui Financial City Multinational Companies Regional Headquarters Treasury Center Promotion Conference” hosted by the Lujiazui Administration. This conference invited 5 multinational enterprises including HTDK, and also welcomed five banks: Bank of China, Bank of Communications, Standard Chartered Bank, HSBC, and J.P. Morgan Chase, as the first batch of cooperative banks for Lujiazui Financial City’s treasury centers. The initial batch of CTC enterprises in Lujiazui Financial City possesses industry leadership, significant industry influence, and robust financial infrastructure. The conference aims to promote and introduce the important role and development prospects of regional headquarters treasury centers for multinational companies.

HTDK is dedicated to providing end-to-end professional business solutions for global high-value medical devices, including localized production, product registration, import and export, warehousing and distribution, commercial channel management, inventory management, and after-sales service. With its advanced financial systems, comprehensive risk management strategies, and innovative capital operations, HTDK remains at the forefront of the industry, setting benchmarks and leading industry standards.

A treasury center is a business unit where multinational companies centralize the management of funds, including collection, allocation, settlement, investment, financing, foreign exchange, and risk management. It serves as a core function and profit center for multinational company headquarters. By consolidating treasury centers, Pudong New Area actively implements President Xi Jinping’s important directives on “deepening high-level institutional opening-up,” “enhancing global resource allocation capabilities,” and “developing a higher-level headquarters economy.” This initiative is crucial for Pudong New Area to continually strengthen its ability to allocate onshore and offshore funds, invigorate capital markets, promote financial industry development, and stimulate economic growth.

The introduction of the “Several Opinions” fills gaps in Pudong New Area’s support measures for aggregating regional headquarters treasury centers of multinational companies. It emphasizes the importance of multinational company treasury centers in global corporate strategies and, more importantly, details key measures to accelerate the implementation of Shanghai’s multinational company treasury center construction, focusing on headquarters functions, facilitating treasury center fund operations, and providing comprehensive support.

As one of the first batch of CTC enterprises in Lujiazui Financial City, HTDK will fully leverage this opportunity to further enhance its funds management capabilities, elevate global resource allocation levels, and contribute to the economic development of Pudong New Area and Shanghai.

At the conference, HTDK shared its experiences and future plans for its treasury center construction, showcasing advanced practices and innovative approaches in funds management, risk control, and capital operations. HTDK expressed its commitment to continue building a globally influential treasury center in Shanghai, thereby supporting Lujiazui Financial City in becoming a significant hub for the headquarters economy of multinational companies globally.

The successful hosting of this promotion conference signifies another significant step for Pudong New Area in building a high-level open economic system and enhancing global resource allocation capabilities. HTDK, alongside other multinational companies, will collaborate to promote the high-quality development of treasury centers in Lujiazui Financial City, contributing to Shanghai’s goal of becoming an international financial center and a global city.