China focus: Mainland firms prioritise treasury centres, not SSCs

Citi’s Sanjeev Chatrath says Chinese companies are a lot more focused on establishing centralised treasury centres in order to fund their often rapid growth.
Sanjeev Chatrath, Citi.
Sanjeev Chatrath, Citi.

As Chinese companies expand overseas they are confronted with a series of questions concerning their treasury operations. Foremost among them is whether or not they should invest in shared services centre SSC.

“On the SSC front, Chinese companies have been slower than their European and US counterparts,” said Sanjeev Chatrath, Citi’s Asia-Pacific managing director and regional head of client sales management for treasury and trade solutions. “But there are examples of Chinese companies with very progressive mindsets that do indeed have very strong and well-established SSCs.”

However, it seems that the majority of companies from Asia’s largest economy do not see SSCs as a...

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