OREANDA-NEWS. October 30, 2012. Recently, the conference of the global cash management service of Agricultural Bank of China Limited (ABC) was successfully held in Suzhou, Jiangsu Province, China. Twelve multinational enterprise groups including Bosideng International Holdings Limited signed agreements with ABC on the global cash management service at the conference, reported the press-centre of ABC. 

Mr. Jiang Shangjun, Chief Officer of Corporate Business stated that the global cash management service of ABC is established on the basis of a high starting point, large platform and wide network and leads other banks in China. Through the cooperation of ABC and enterprises on the global cash management business, ABC aims to duly publicize advanced management concepts and share the market information with customers. What's more, it will facilitate customers with in-time information about the global market, and help more Chinese enterprises to be listed on the Global Top 500.

In recent years, with the integration of the global economy and finance and the emergence of the foreign investment boom of Chinese-funded enterprises, the demand of enterprises for the cross-border cash management service is growing. The global cash management service has gradually become the focus of the competition of large commercial banks. ABC has adhered to the concept of "innovation, service, security and high efficiency" in providing the global cash management service. It has focused on the customer demands, grasped the pulse of the market, caught up and surpassed other banks and launched the global cash management service, filling ABC's blank in this field.

The global cash management service of ABC is supported by 11 overseas branches and subsidiaries and over 1,300 overseas correspondent banks. It provides customers with services of four categories through a "one-stop platform" by ways of SWIFT or Bank-Bank Link. The services include: account information management service enables enterprises to know about and dynamically monitor the information of overseas accounts to guarantee the security of funds; payment management and fund pool service helps enterprises to intensively manage and control the global funds and reasonably arrange financial liquidity; investment, financing and risk management helps to reduce the financing costs for customers and increase the return on assets; and comprehensive information service provides information on registration of companies, account opening, legal consultancy and taxation services in different countries and regions. All these help Chinese enterprises to "go abroad" and foreign enterprises to "come to China", finally realizing the goals of constantly improving the cross-border cash management and the international competitiveness of enterprises.

Heads of the Cash Management Department, Corporate Banking Department, and Institutional Banking Department of the Head Office of ABC and relevant personnel of over ten branches in Jiangsu, Beijing and Shanghai attended the conference. Over 20 large enterprise groups in China as customers with cooperative intention and guests from foreign cooperative banks took part in this activity.