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EuroFinance poll finds Chinese treasurers’ business confidence fall to 39% from 60% in 2013
The business confidence of senior treasury and finance professionals in China has decreased by 21 percentage points over the past year.
Almost four out of every 10 Chinese treasurers (39%) say that they feel more confident about their business' prospects in the next year. This represents a drop in confidence from same poll last year, when a majority of the country's treasurers (60%) felt more confident about their business' prospects for the year to come.
In this year's poll, there has been an increase in the amount of treasurers in China that feel the same about their business' prospects year-on-year (34% compared to 20% in 2013) and a modest rise in those feeling negative (27%, up from 20% in 2013).
Treasury Verdict statistics from the past month show that treasurers in China are marginally less positive than their peers in Southern Africa (46%) and Europe (41%), but are more positive in terms of business confidence than their peers in Brazil (28%).
Katharine Morton, EuroFinance's Editorial Director, says: "China presents a complex picture for corporates, as we can see from these business confidence numbers. This can particularly depend on the industry that you are operating in.”
Notes for Editors
EuroFinance surveyed the audience at the 12th annual conference on Cash, Treasury & Risk Management in China, held in Shanghai on 18 and 19 November 2014. Using an electronic voting system, respondents answered 10 key questions on the future of the global economy. An expert panel then discussed the results.
The survey is part of the Treasury Verdict series, sponsored by BNP Paribas, measuring the viewpoint of corporate treasurers on up-to-the-minute issues.
Corporate treasurers’ responsibilities include foreign exchange and cash management within their companies.
EuroFinance is the leading global provider of conferences, training and research on cash management, treasury and risk. Running more than 50 events worldwide, EuroFinance enables treasurers and CFOs to exchange innovative strategies, best practice and expert opinion.
EuroFinance has a unique insight into the trends and developments in cash management and treasury, and an unrivalled global viewpoint. EuroFinance is an Economist Group business.
For more information, please visit www.eurofinance.com.
For enquiries, please contact:
Katharine Morton, Editorial Director at EuroFinance
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