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Treasury & Capital Markets
Asset Benchmark Research wants your views
With a new year comes new challenges, and we at Asset Benchmark Research, are extremely interested to hear from Asia-based treasurers and CFOs about trends and issues facing treasury functions within the region. We are pleased to announce the launch of our Treasury Review 2017.
The Asset 13 Jan 2017
With a new year comes new challenges, and we at Asset Benchmark Research, are extremely interested to hear from Asia-based treasurers and CFOs about trends and issues facing treasury functions within the region. We are pleased to announce the launch of our Treasury Review 2017.
Last year’s Asset Benchmark Research Treasury Review saw a record participation from 1,123 corporate CFOs and treasurers within Asia, with either an online questionnaire or a phone interview.
Findings from last year’s review determined that treasury departments considered centralization as one of their top priorities. In terms of factors for choosing a location for treasury centralization, 53% stated that proximity to headquarters was a strong incentive for them. Hong Kong and Singapore were popular choices for treasury centralization, with close to a quarter of respondents choosing either city for their main treasury operations.  
Data in 2016 also revealed that treasury operations based in both Singapore and Hong Kong saw the maintenance of bank relations as the most important function of their treasury. This was followed by financial risk management and funding schemes.
In regards to pain points, most CFOs/treasurers shared that keeping up-to-date with tax regulations was an everyday challenge to them. Tools used to track new tax regulations ranged from press reports to receiving updates from external entities, with the latter (63%) being the most common method for Asian treasury departments. Other respondents explained that optimizing their supply chain management and global tax governance were also significant pain points to resolve in 2016. 
Participants last year shared that financial risks such as foreign exchange, liquidity, and financing risks, were factors they were wary of in 2016. Foreign exchange risk in particular was one of the top 3 concerns for 60% of participants.
Chinese-based treasury professionals were a large part of the Treasury Review, equivalent to 48% of the sample size. Respondents from that segment were able to explain that the eventual setup of an offshore treasury centre was critical if they would be able to attract more overseas business.
This year’s Treasury Review will focus on past treasury topics, but will also highlight the developments of onshore renminbi funding, technology, and supply chain management.

If you are interested to participate in this year’s Treasury Review 2017 please click here.

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