Research On Enterprise Treasury Management Mode Under The Background Of Internationalization

The "One Belt,One Road" initiative has accelerated the pace of Chinese companies going global.As catching a lot of new business opportunities,these companies also need to face the complex environment of different currencies,regulations and interest rate systems.With the increase of overseas business,the focus of corporate fund management has gradually shifted from domestic to overseas,and it is necessary to build a global fund management system and platform suitable for its own development.As Asia’s premier international financial and business center,Hong Kong has many natural advantages in regional treasury centers,including rich financial products,the largest offshore RMB market,a deep capital market,a sound legal system,a good tax system and a lot of professional.In June 2016,the Hong Kong government issued a half-rate tax relief policy,which stipulates that the interest expenses related to the internal financing business of a business group can be deducted when calculating the income tax,and the income tax related to the capital management business must be halved.At the same time,Hong Kong has signed tax treaties with 35 countries.If a treasury management center is set up in Hong Kong,the preferential tax policies enjoyed can help companies reduce financing costs.Enterprise A,as a new energy and public utility-type central enterprise,has developed its business in more than 100 countries and regions after years of development,and has deposited 5 billion yuan overseas.Before the establishment of the Hong Kong Treasury Management Center,more than 500 bank accounts overseas had not been able to monitor in real time for a long time,and the deposited funds reached 5 billion yuan,with a wide range of distribution,many currencies,and significant foreign exchange risk exposure.At the same time,as overseas business expanded,financing Demand surged.This paper analyzes the current situation and problems of A’s overseas business,studies the effectiveness of its Hong Kong treasury management center,and summarizes the business models it can incorporate.