China Forestry Treasury Center Company Limited ("CFTC") was established in Hong Kong on March 28, 2019. We are committed to exploring offshore financing channels for the Group, optimizing the Group’s capital structure, reducing financing costs, and improving the funds usage efficiency. We also provide financing to and manage various financial risks for group members to facilitate the overall strategy of the China Forestry Group.
CFTC provides various kinds of financial services to both onshore and offshore members of the Group, including deposits and lending, derivatives for hedging, cash management solutions, etc. CFTC performs the following offshore functions on behalf of the Group: centralization of funding management, monitoring foreign exchange and interest rate risks and optimizing financial resources allocation.