DBS wins Asia’s best cash management deal for Zhejiang Communications Investment Group for delivering a digitalised cross-border renminbi liquidity solution that transformed the group’s treasury management and funding efficiency.
As the state-owned infrastructure group expanded overseas, subsidiaries in Singapore and Hong Kong faced growing liquidity needs. Borrowing externally in foreign currencies was costly, while surplus liquidity remained concentrated within the mainland parent. Limited cross-border banking capabilities also reduced visibility and efficiency across the group’s treasury operations.
The solution improved liquidity visibility, streamlined intercompany funding and reduced manual treasury processes
DBS responded with a customised RMB cross-border cash pool that centralised liquidity and connected domestic and overseas entities.
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