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Hong Kong Government Press Releases (info.gov.hk)·HK·

Chinalco sets up corporate treasury centre in Hong Kong as group's offshore fund management platform (with photo)

​ Invest Hong Kong (InvestHK) announced today (October 23) that Aluminum Corporation of China (Chinalco) has set up a corporate treasury centre in Hong Kong, Chinalco Treasury Management Co., Limited (Chinalco Treasury). As the group's offshore fund management platform, Chinalco Treasury will centrally manage the group's offshore funds and handle offshore financing, exchange rate and interest rate risk management, as well as integrated financial services. The move will help this global leader in the non-ferrous metals industry expand overseas, while demonstrating Hong Kong's strengths as the first port of call for Mainland enterprises going global and as a hub for corporate treasury centres. The Director-General of Investment Promotion, Ms Alpha Lau, said, "We warmly welcome Chinalco Teasury setting up in Hong Kong. As the world's largest offshore Renminbi hub, Hong Kong can provide enterprises with cross-border Renminbi settlement, multi-currency fund management and risk hedging capabilities, while actively promoting the wider use of Renminbi in financing and commodity pricing. Coupled with the city's simple tax regime and free flow of capital, InvestHK hopes that Chinalco will us

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