Triple-Layered Cash Pool Providing China Three Gorges with Overseas Funds Control
CORPORATE RECOGNITION AWARDS
Best Cash Pooling Solution – Highly Commended
When it comes to demonstrating best practice in global cash management, state-owned enterprise is not necessarily the first port of call. But think again. As part of its ‘going global’ journey, China Three Gorges Corporation (CTG), incorporated in 1993 by the Chinese government, has deployed a multilayered pooling system that is a worthy recipient of the TMI 2020 Awards Highly Commended for Best Cash Pooling Solution.
Developed in partnership with Bank of China (Hong Kong) Limited, the solution perfectly supports CTG’s pathway to rapid growth in overseas investment and business expansion, ensuring full control of overseas cash and enhancing the efficiency of CTG’s treasury management outside of Mainland China.
Concentrating and expanding
CTG’s incorporation by the Chinese government has been part of the project to create a hydroelectric gravity dam spanning the Yangtze River, designed to tame the flood-prone river and to generate clean energy.