Recently, Sino-Hunan International Engineering and Development Co., Ltd. (SHICO), a subsidiary of Hunan Construction Investment Group (HCIG), has obtained the qualification for cross-border fund centralized operation of multinational companies, marking a crucial step for SHICO in the field of global fund coordination and allocation, which will significantly enhance its efficiency in fund utilization and its competitiveness in the international market.

The qualification is a support from regulatory authorities for the work of SHICO in corporate governance, financial management, risk prevention and control, and a result of years of its adherence to the internationalization strategy and overseas market expansion. 

After obtaining the qualification, it will be more convenient for SHICO to achieve the interconnection of domestic and foreign funds, allocate funds according to global business development needs, optimize fund allocation, and reduce capital costs and exchange rate risks to provide strong support for enterprises’ production and operation, investment and mergers and acquisitions activities worldwide, and accelerate the internationalization process.

In the future, SHICO will further strengthen cooperation with domestic and foreign financial institutions, and deepen innovative practices in global fund management to enhance its core competitiveness and make new and greater contributions to promoting the healthy and sustainable development of the group’s international business and high-quality regional economic development.

The centralized operation of cross-border funds is one of the core tools for multinational enterprises to achieve centralized management of global funds. Through a cross-border fund pool for centralized operation, enterprises can achieve unified scheduling and centralized operation of domestic and foreign funds, including external debt, centralized management of overseas loan limits, centralized collection and payment of current account funds, and net settlement of netting, so as to reduce capital costs, improve capital utilization efficiency, and enhance risk control capabilities for global fund flows.