China Galaxy Securities Co., Ltd. (hereinafter referred to as: <x1>) has recently Galaxy Securities successfully launched the global Bank-Enterprise Interlink settlement system in partnership with Kingdee.

Galaxy Securities is one of the largest state-owned securities companies in China. The company has been rooted in the Chinese capital market for 25 years, serving over 17 million customers in China and along the “Belt and Road” initiative, with customer assets under custody exceeding 50 trillion. As one of the investment banks with the most domestic branches and the widest network layout in Asia, Galaxy Securities continues to promote its global development strategy, fully empowering the high-quality development of its <x1> outside China <x2> business.

To better support global business expansion, Galaxy Securities has developed a financial digital management system characterized by “global collaboration, centralized control, and intelligent operations.” By building a unified financial platform that covers the globe, it achieves deep integration of business and finance, automatic generation of accounting and reports, online management of cost control and assets, and centralized management of treasury and funds, thereby significantly enhancing global fund settlement efficiency, financial responsiveness, and compliance control levels.

The global corporate direct connection settlement system launched this time is an important component of the Galaxy Securities Global Treasury Management Platform. As of now, it has achieved direct connections with banks in multiple countries and regions, including Hong Kong, Singapore, Malaysia, Indonesia, Thailand, and Mauritius, facilitating cross-border settlement channels and establishing a global account integrated management system. Kingdee is fortunate to participate in the current joint construction of this system, working together with Galaxy Securities to successfully implement the global corporate direct connection settlement system, and jointly create an innovative model and new digital benchmark for global treasury management of Chinese enterprises.

Kingdee is a global leader in enterprise management cloud SaaS, with a strong customer base and a vast amount of digital assets in the enterprise management software field. With cloud service products like Kingdee Cloud Cosmic and Kingdee Cloud Starry Sky, it has achieved outstanding results in digital management, serving over 7.4 million enterprises, governments, and organizations. In the field of treasury construction, Kingdee actively responds to the policy guidance of the State-owned Assets Supervision and Administration Commission of the State Council to accelerate the construction of the treasury system, creating a value-oriented treasury solution. This solution focuses on several core capabilities, including global visibility of cash operations, overall coordination of financial resources, intelligent control of cash risks, and data-driven strategic decision-making, fully meeting enterprises’ requirements for the construction of intelligent treasury platforms, promoting the integration of finance and operations, and enhancing financial operational efficiency and enterprise value creation capabilities.

Kingdee Cloud Treasury Cloud has built a global direct connection network between banks and enterprises, connecting major domestic banks such as Industrial and Commercial Bank of China, Agricultural Bank of China, China Construction Bank, Bank of China, and China Merchants Bank, as well as several international banks including HSBC, Citibank, DBS Bank, OCBC Wing Hang Bank, Bank of East Asia, Mitsui Banking Corporation, UOB, ANZ, and BNP Paribas. This provides enterprises with one-stop services such as global account cash settlement, automatic electronic receipt retrievals, real-time account balance inquiries, and automatic reconciliation for cross-border payments. At the same time, Kingdee Cloud is deeply integrated with the enterprise ERP, connecting key business processes such as <x1>cash</x1> planning, <x2>purchase</x2> settlement, sales collection, and financial accounting, promoting the enterprise to achieve automated, transparent, and intelligent management of global <x3>operations</x3>.

As of now, Kingdee Cloud has assisted China Merchants Group, Hisense, China National Foreign Trade Group, Vanke, and many other Fortune 500 companies in building world-class Treasury management. In the future, Kingdee will continue to rely on advanced technology management experience to assist more Chinese enterprises in building a more reliable, agile, and intelligent financial digital management platform, enhancing the value creation capability of enterprises, elevating the new quality of financial productivity, accelerating the construction of a world-class financial management system, and collaborating with a wide range of customers and partners to discuss, build, and share a new world of financial management.