SPONSORED ARTICLE One point in, all world around Midea Group implements Global Account Overview provided by Bank of China. The successfully implemented Global Account Overview Project of the Midea Group Co., Ltd, hereinafter referred to as “Midea Group” in June 2017, marks the new phase of the global cash management cooperation between Bank of China and Midea Group. As a global diversified household appliance enterprise with an integrated industry chain and a small household appliances product group, such as air conditioning, refrigerator and washing machine, Midea Group has a leading position in China. In the early days, Bank of China has built up a close cooperative relationship with Midea Group in domestic cash management. With the transformation to a global enterprise, Midea group urges to create a pathway for domestic and overseas capital and achieve high-efficient global capital centralized, which has become a favorable opportunity centralized collection and payment, cooperation with Bank of China in global for Bank of China to further the cooperation comprehensively satisfying Midea Group’s cash management, Midea Group meets with Midea Group. domestic, cross-border and other business the requirements of capital visibility, requirements. Among them, Global Account capital controllability, capital efficiency Overview as a punch line of realizing global and cash flow optimization, and ultimately accounts visualization, obtained high achieves win-win cooperation between recognition from Midea Group. Midea Group and BOC. Global Account Overview of Bank of China enables Midea Group to set up a customized regional framework according to its globalized strategic layout, monitor the financial status of the global accounts at the same interface and inquire the transaction reports, which highly accords with continuous global outreach of Midea Group. Meanwhile, the accomplishment of Global Account Overview fully presents the strong comprehensive strength and the service advantages of the domestic and overseas integration of Bank of China, and highlights After digging into the customer’s needs for the competitiveness and competence of cash management, Bank of China has paid Bank of China in global cash management. high attention and made a good preparation with quick response. With the integrated operation of BOC group at home and abroad, Bank of China has cooperated efficiently Up to now, Global Account Overview of with Bank of China Hong Kong and other Midea Group has covered 39 enterprises overseas institutions. With a leading and 91 accounts, including the accounts in position in global cash management, Bank Guangdong province, Jiangsu province and of China provides Midea Group with Anhui province in mainland, and five expertise of overseas capital centralized overseas countries and regions, such as from the perspective of global fund visibility, Hong Kong, Indonesia, Vietnam, Austria For more information, visit controllability, operation and multi-currency and the United States. Through the www.bankofchina.com/en