As one of the first finance companies in China to establish Free Trade Accounting (FTU) in the Shanghai Pilot Free Trade Zone and obtain qualifications for the RMB/FX swap business, SEFC has the capabilities to design integrated financial service solutions, and its FX product innovation capabilities rank highly among the leading companies in the industry.
SEFC successfully combined the “Two Market With Two Resources” approach with the innovative advantages of Free Trade Zone business, which improved the cross-border use of RMB funds within the Shanghai Electric Group, reduced the scale of external financing, and reduced financing costs. It locks in financing prices and avoids the risks of rising interest rates on foreign currency financing, especially given the recent U.S. dollar interest rate hikes. It also provides new financing channels for the Shanghai Electric Group and its overseas group companies and improves the efficiency of capital use within the group.
- Shanghai Electric Finance Group
Shanghai PNS registry No. 31010102007087