Citi Treasury and Trade Solutions
32
The Challenge
As one of the largest equipment manufacturing
conglomerates in China, Shanghai Electric
Group Co., Ltd (SEG) has a leading position in its
field, and is keen to achieve best-in-class status
across all aspects of its business.
In 2014, SEG’s treasury defined a series of
objectives that would optimize its financial and
operational efficiency, and position the group
for future growth.
The first key objective was to leverage offshore
financing more effectively to meet funding
requirements within China, therefore reducing
overall funding costs, streamlining cash
management at a group level and increase
funding diversification.
The second was to centralize cash and liquidity
management at a group level, both domestically
and cross-border, standardize and enhance
efficiency and control in cash management, and
improve access to group cash flow.
SHANGHAI ELECTRIC GROUP
Enhanced Treasury Management to
Support Global Growth
By implementing a cross-border, foreign currency two-way cash pool with China, Shanghai
Electric Group has achieved its cash management objectives as well as enhanced treasury
management through managing the cash management needs of the domestic and international
group companies more effectively, as well as managing financial risk across the group. In
addition, treasury has a scalable framework in place to deliver additional value in the future,
achieve its financial and operational objectives as they evolve and support strategic growth both
in China and overseas.
Industrials
Energy, Power
and Chemicals
Technology, Media and
Telecommunications
Consumer and
Healthcare
Non-Bank Financial
Institutions
