JP Morgan is ramping up its support of Chinese companies seeking to expand their global presence, launching an advisory programme on the mainland aimed at educating corporate clients on how to reduce costs, maximise returns and mitigate risks by establishing a regional treasury centre (RTC).
The JPM ‘Going Global’ advisory consultations feature a road show in a number of cities across China, including Beijing and Shanghai, along with RTC-related forums at industry events and tailored one-to-one client briefings. By consolidating individual treasury centres into a centralised, regional operation, companies can accelerate their expansion plans, more quickly integrate their acquisitions and more effectively manage their foreign exchange risk. The centres are becoming an increasingly important priority for leading Chinese companies, as they seek to build and acquire a regional and global platform for their businesses, according to JPM.
Lisa Robins, head of treasury and securities services, China, JPM, said: “We’ve embarked on this RTC programme in China because we’re hearing from many of our clients and potential new partners that they’re looking to further implement treasury management best practices that will enhance efficiency, provide greater insight into their treasury operations and drive greater profitability across a diverse set of subsidiaries. It is clear that there is a tremendous amount of enthusiasm for building an offshore treasury centre, and JP Morgan is well placed to play a strategic advisory role to these companies.”
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