Chinese firms integrate FX fund management in Fujian FTZ

Companies in China’s Fujian free trade zone have started to centralise their foreign fund management in the zone.

Jul 18, 2016

Coland Holdings Company, a Fuzhou-based fishmeal producer and distributor, recently signed an agreement with Industrial Bank to integrate its foreign exchange (FX) fund management – which involves its six overseas subsidiaries and 13 entities in mainland China, and approximately $100 million of FX payments annually – in the Fuzhou sub-district of the Fujian pilot free trade zone (FTZ).

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