Treasury Management
Effective treasury management is vital for maintaining liquidity and ensuring financial stability. Our firm offers tailored treasury management solutions that optimize cash flow, manage accounts payables and expand payment channels. We analyze your cash management processes and implement best practices to ensure your funds are utilized efficiently, allowing you to focus on your core business activities.
Optimize cash flow with our treasury management solutions for seamless operations.
Our Solution
- Implementing treasury management system based on customer management needs
- Staff reimbursement processing
- Operation payment processing
- Coordination with client’s global treasury hub
- Bank account opening
- Online banking platform setup
FAQ
Is there any capital flow control or foreign exchange control in Hong Kong?
There is no capital flow control or foreign exchange control in Hong Kong.
Major banks in Hong Kong?
As of October 2024, there are 151 licensed banks in Hong Kong. Major banks used by Hong Kong corporate include:
- HSBC
- Hang Seng Bank
- Bank of China (Hong Kong)
- Citibank Hong Kong
- Standard Chartered Hong Kong
- Bank of East Asia (BEA)
- DBS Bank (Hong Kong)
- OCBC Hong Kong
How long does it take to open a Hong Kong business account?
Generally speaking, opening a business account in Hong Kong can take anywhere from a few weeks to a couple of months, depending on the bank you choose, corporate structure and client’s main business.
Veritas gives a lot of insights on corporate risks such as tax risk, operation risk, financial risk etc…….which greatly improves our risk management. Greatly recommend to other SME bosses!
Veritas helps me a lot on those tedious compliance stuff, so that I can focus on company operations and boost business performance.
Our Competitive Advantage
Strong relationship with Hong Kong banks
Extensive network with major Hong Kong banks which helps to smooth the overall account opening process.
Systematic business workflow
Proper internal control of payment processing and linkage with accounts payable function.
Tailor-made business solutions
Fit requirements to different business units of the client and ensure smooth process of treasury management.