Invest Hong Kong Announces Chinalco Setting Up Corporate Treasury Centre in Hong Kong

Invest Hong Kong announces that Aluminum Corporation of China Limited has set up a corporate treasury centre in Hong Kong as the group's offshore fund management platform, responsible for centralised management of offshore funds, offshore financing, foreign exchange and interest rate risk management and integrated financial services. Invest Hong Kong Director-General Alpha Lau says Hong Kong, as the world's largest offshore renminbi hub, can provide enterprises with renminbi cross-border settlement, multi-currency fund management and risk hedging capabilities. Chinalco Chief Accountant Wang Xin says Hong Kong's foreign exchange market ranks fourth globally in scale and can help the group manage global funds in an integrated manner.