Recently, CECEP Finance successfully completed the bank-enterprise direct connection authorization deployment for the euro account of CGC and launched the Group's first euro cash pooling service. This marks a new breakthrough in the company's centralized foreign currency fund management and lays a solid foundation for further optimizing the Group's global fund allocation and improving capital utilization efficiency.
CECEP Finance has continued to strengthen the Group's global centralized treasury operation system, consistently treating centralized multi-currency fund management as a key driver for improving operational efficiency and supporting the Group's international development while continuously optimizing its multi-currency fund management model. The establishment of the direct bank-enterprise connection for euro accounts has created a secure and efficient channel for centralized foreign currency fund management across the Group and its member companies, enabling real-time visibility, automatic cash concentration and intelligent fund allocation for euro accounts. This has significantly improved the efficiency of foreign currency settlement and cash pooling while effectively reducing the cost of idle foreign currency funds held by member companies.
Looking ahead, CECEP Finance will continue to enhance its foreign currency financial services by expanding specialized businesses such as multi-currency cash pooling and cross-border cash pools, further improving the Group's global treasury management system. By fully leveraging both domestic and foreign currency cash pools to maximize the role of its financial platform, the company will continue to improve capital operation efficiency, strengthen the Group's centralized fund management and risk control capabilities, and provide solid financial support and funding assurance for the high-quality development of the Group's overseas business.
