As the global economic center continues to shift towards the Asia-Pacific region, an increasing number of multinational corporations are choosing to establish regional headquarters and treasury centers in this area to optimize capital operation efficiency and reduce financial costs. Financial centers like Singapore, Hong Kong, Shanghai, and Tokyo are competing to introduce preferential policies and provide comprehensive support for businesses. However, significant differences exist among regions in terms of regulatory environment, tax policies, talent supply, and infrastructure, requiring companies to conduct in-depth comparative analysis to make optimal choices.

In recent years, digital technology innovation and regional economic integration have accelerated, bringing new opportunities and challenges to corporate treasury center development. Following the full implementation of RCEP in 2024, regional trade and investment have grown rapidly, facilitating cross-border capital flows. Meanwhile, financial technology applications such as artificial intelligence and blockchain are becoming increasingly prevalent, reshaping traditional treasury management models. Against this background, how enterprises weigh regional advantages, select optimal locations, and establish efficient operating systems has become a key issue.

Overview of Asia-Pacific Treasury Center Development

1.1 Market Status and Development Trends

As the most dynamic economic region globally, the Asia-Pacific region shows robust growth in treasury center development. As of the third quarter of 2024, the Asia-Pacific region has attracted over 3,500 multinational corporate treasury centers, a 15.3% increase compared to the same period in 2023. Driven by both the reshaping of global economic patterns and digital technology transformation, traditional treasury management models are accelerating their transition towards digitalization and intelligence. Particularly in the post-pandemic era, surging remote work demands have led to more widespread adoption of cloud computing, artificial intelligence, and other new technologies in treasury management, driving the related software and services market size to exceed $200 billion.

According to the latest “2024 Asia-Pacific Treasury Management Trends Report,” over 75% of surveyed companies plan to increase investment in their Asia-Pacific regional treasury centers within the next three years. Among them, 60% list digital transformation as their primary development direction, 45% focus on improving cross-border payment efficiency, and 35% prioritize risk management capability building. This trend has received active response from various governments, with the Monetary Authority of Singapore launching the “Smart Treasury 2.0” initiative in early 2024, offering technology upgrade subsidies of up to SGD 5 million, while the Hong Kong Monetary Authority simultaneously released the “FinTech 2025” strategic plan, focusing on promoting treasury management digital transformation.

1.2 Regional Layout Characteristics Analysis

The spatial distribution of treasury centers in the Asia-Pacific region shows distinct hierarchical differentiation. The first tier is led by Singapore and Hong Kong, which attract approximately 45% of regional treasury centers through their well-developed financial infrastructure, preferential tax policies, and extensive international connections. Singapore holds significant advantages in Southeast Asia, with companies serving Indian and ASEAN markets often choosing to establish treasury centers there; Hong Kong, leveraging its unique “One Country, Two Systems” advantage, serves as an important bridge connecting mainland China with international markets.

The second tier includes Shanghai, Tokyo, and Seoul, which are rapidly narrowing the gap with the first tier through their massive domestic markets and complete industrial chains. Shanghai, in particular, has attracted over 1,000 multinational companies to establish treasury centers through free trade zone institutional innovation and accelerated RMB internationalization. Notably, the functional positioning of regional treasury centers is also evolving, transitioning from traditional fund management to comprehensive financial service platforms, with more companies incorporating value-added services such as supply chain finance and investment management into their treasury center operations.

1.3 Latest Policy Environment Developments

Since 2024, Asia-Pacific governments have intensively introduced new policies to create a more favorable environment for treasury center development. Singapore revised its Treasury Center Incentive Scheme in April 2024, expanding preferential tax rate coverage to digital payment and green finance businesses while simplifying application procedures and reducing approval time to 15 working days. The Hong Kong SAR government launched the “Treasury Center Talent Development Program,” offering training subsidies of up to HKD 300,000 per person and providing visa policy conveniences to attract international financial talent.

In mainland China, the State Administration of Foreign Exchange issued new regulations in July 2024, further expanding the pilot scope of multinational companies’ integrated local and foreign currency capital pools, allowing more corporate groups to conduct unified cross-border fund operations management. Shanghai Free Trade Zone’s Lingang New Area introduced an “upgraded cross-border financial services” policy package, granting greater autonomy in capital pool quotas and foreign debt limits. Meanwhile, Japan and South Korea are also accelerating financial opening, with the Tokyo Metropolitan Government establishing a 300 billion yen financial innovation fund to support treasury management-related technology development, while Korea simplified fund operation procedures for foreign-invested enterprises through amendments to the Foreign Exchange Transactions Act.

At the regional cooperation level, financial service trade liberalization commitments under the RCEP framework are being gradually implemented, providing greater convenience for cross-border fund management. Statistics show that cross-border payment settlement volume among RCEP member countries increased by 25% year-on-year in the first three quarters of 2024, with over 40% of transactions completed through regional treasury centers. Regulatory authorities are also actively promoting payment system interconnection, with seven economies including Singapore, Hong Kong, and Thailand achieving mobile payment system integration, significantly reducing cross-border transaction costs.

It should be noted that continuous policy environment optimization does not imply regulatory relaxation. Against the backdrop of preventing systemic financial risks, regulatory authorities generally strengthen compliance requirements for treasury centers, especially in anti-money laundering and cybersecurity areas. While enjoying policy benefits, enterprises need to invest more resources in improving internal control systems to ensure operational compliance.

Competitiveness Comparison of Major Cities

2.1 Singapore’s Competitive Position

Singapore maintains its leading position as an Asia-Pacific regional treasury center through its strategic geographic location, stable political environment, and sophisticated financial infrastructure. As of the third quarter of 2024, the number of multinational companies establishing treasury centers in Singapore exceeded 1,500, including 280 Fortune 500 companies. According to the latest Global Financial Centers Index (GFCI) ranking, Singapore’s comprehensive competitiveness in global treasury management ranks third globally, after London and New York, leading the Asia-Pacific region.

Singapore’s core advantages are primarily reflected in its efficient regulatory system and preferential tax policies. The Monetary Authority of Singapore (MAS) implements a unified regulatory model, providing “one-stop” services. Companies qualifying for treasury center status can enjoy preferential tax rates of 5-10%, significantly lower than the standard corporate tax rate of 17%. The 2024 revised Treasury Center Incentive Scheme further expanded preferential coverage to green finance and digital payment sectors while simplifying foreign exchange management procedures, allowing companies more flexibility in cross-border fund allocation.

In infrastructure development, Singapore is fully committed to building a next-generation smart treasury ecosystem. The “Smart Treasury 2.0” initiative launched in 2024 invests SGD 5 billion, focusing on developing cutting-edge technologies such as blockchain payment clearing and AI risk control. Currently, over 85% of treasury centers have achieved digitalization of core business processes, with average operational efficiency improving by more than 30%. Singapore is also the first country to achieve comprehensive payment system interconnection with major economies including China, Japan, Korea, and India, significantly reducing cross-border transaction costs.

2.2 Hong Kong’s Strategic Value

Hong Kong, as a crucial window connecting mainland China with international markets, holds unique advantages in regional treasury center layout. By the end of 2024, Hong Kong hosted over 1,200 corporate treasury centers, with more than 60% serving Chinese enterprises’ outbound investment and cross-border operations. Benefiting from the “One Country, Two Systems” policy and sophisticated international financial market system, Hong Kong maintains leadership in offshore RMB business and investment banking services.

Recent policy measures introduced by the Hong Kong SAR government further enhance its competitiveness. The revised Treasury Center Development Scheme in 2024 provides establishment subsidies of up to HKD 8 million and offers profits tax advantages, with qualified treasury centers enjoying a half tax rate of 8.25% on relevant income. In talent recruitment, the “Top Talent Pass Scheme” has provided convenient visas for over 1,000 financial professionals, effectively alleviating talent shortage issues.

Notably, as the Greater Bay Area development deepens, Hong Kong’s hub role in regional financial coordination becomes more prominent. The “Cross-boundary Wealth Management Connect” scheme implemented in 2024 expanded its scope with an increased quota of RMB 300 billion, providing more investment channels for corporate treasury management. Meanwhile, the southbound trading under the “Bond Connect” scheme with mainland China marked its first anniversary, with trading volume exceeding RMB 500 billion, offering enterprises richer financing instruments.

2.3 Shanghai’s Innovative Breakthrough

Shanghai is rapidly emerging as a major treasury center hub in Asia-Pacific, leveraging China’s economic scale and financial innovation advantages. As of September 2024, multinational companies establishing treasury centers in Shanghai reached 1,050, maintaining an annual growth rate above 20%. The Lingang New Area, as a key development zone, has attracted over 200 corporate treasury centers, significantly strengthening headquarters economy effects.

Shanghai’s breakthrough mainly benefits from continued financial reform innovation. In July 2024, the People’s Bank of China approved Shanghai to pilot integrated local and foreign currency capital pools for multinational companies, raising the quota limit to US$10 billion equivalent, significantly improving corporate fund utilization efficiency. Free trade zone cross-border RMB business innovation has also achieved important progress, launching a cross-border blockchain trade finance platform serving over 5,000 enterprises with business volume exceeding RMB 300 billion.

In technology empowerment, Shanghai is building a globally leading fintech ecosystem. Lujiazui Financial City has gathered over 1,000 fintech companies, providing innovative solutions such as intelligent fund management and supply chain finance for treasury centers. The “Fintech Innovation Laboratory” project launched in 2024 focuses on supporting AI and blockchain technology applications in treasury management, with 30 initial projects launched and total investment exceeding RMB 5 billion.

2.4 Tokyo’s Stable Development

Tokyo, as the financial center of the world’s third-largest economy, demonstrates unique advantages in regional treasury center competition through its massive economic scale and mature financial market system. By 2024, the number of companies establishing treasury centers in Tokyo reached 800, with Japanese domestic companies accounting for approximately 60%. The Japanese government is striving to enhance Tokyo’s attractiveness as an international financial center through a series of reform measures.

The “International Financial Center Promotion Act” implemented in 2024 provides more policy support for foreign companies, including simplified administrative procedures and expanded foreign exchange business scope. The Tokyo Metropolitan Government’s 300 billion yen financial innovation fund focuses on supporting technological innovation in fintech, facilitating 50 major project implementations. Regarding the regulatory environment, the Financial Services Agency (FSA) launched a “regulatory sandbox” program, allowing companies to test innovative treasury management models in a controlled environment.

Notably, Japan’s positioning in green finance is showing advantages. Green bond issuance in 2024 exceeded 1 trillion yen, providing quality sustainable investment instruments for corporate treasury centers. The ESG index launched by the Tokyo Stock Exchange has gained international investor recognition, with related ETF product scale growing over 40% annually.

2.5 Seoul’s Emerging Rise

Seoul, South Korea, is rapidly growing as an emerging treasury center in the Asia-Pacific region, leveraging its advantages in technological innovation and digital finance. By the end of 2024, the number of companies establishing treasury centers in Seoul reached 600, a 25% increase from 2023. The Korean government’s “Digital New Deal 2.0” strategy, which prioritizes fintech innovation, provides strong support for treasury center digital transformation.

Seoul’s competitive advantages mainly manifest in digital payment and mobile financial services. Korea’s mobile payment transaction volume exceeded 1,000 trillion won in 2024, with digital wallet penetration reaching 90%. The “MyData” open banking project launched by the Financial Services Commission (FSC) enables secure sharing and intelligent analysis of corporate financial data, significantly improving treasury management efficiency.

In regional cooperation, Korea actively promotes financial interconnection with ASEAN countries. In 2024, real-time payment system integration was achieved with five countries including Singapore and Thailand, reducing cross-border payment fees by over 50%. The Seoul International Financial Center (SIFC) is building an “Asian Financial Gateway,” attracting more multinational companies to establish regional treasury centers through one-stop services and tax incentives.

Treasury Center Establishment Factor Assessment

3.1 Regulatory System Environment

The Asia-Pacific region shows differentiated regulatory systems for treasury centers, requiring companies to comprehensively evaluate regulatory environments when choosing establishment locations. Singapore implements a unified regulatory model, with MAS as the primary regulatory authority, supporting innovative business development through a “regulatory sandbox” approach. The revised Payment Services Act of 2024 further improved the digital payment regulatory framework, establishing clear rules for new payment instruments such as virtual assets and stablecoins, providing legal protection for companies conducting innovative business.

Hong Kong adopts a multi-level regulatory system, with institutions like HKMA and SFC working collaboratively. The “FinTech Development Framework” implemented in 2024 strengthened support for financial innovation, simplified cross-border capital pool management approval procedures, reducing average approval time from 3 months to 1 month. The SAR government also launched the “RegTech Boost Scheme,” subsidizing companies adopting compliance technology solutions with a first-year subsidy quota of HKD 200 million.

Mainland China continues to promote institutional innovation in financial opening. The 2024 revised “Regulations on Multinational Companies’ Local and Foreign Currency Fund Centralized Operation Management” lowered the entry threshold from US$500 million to US$300 million and allowed qualified companies to conduct cross-border bilateral lending. Shanghai Free Trade Zone’s “single window” service platform achieves one-stop processing for treasury center establishment, foreign exchange management, and cross-border settlement, significantly improving administrative efficiency.

3.2 Tax Incentive Policies

Tax incentives are a key competitive tool used by various regions to attract treasury centers. Singapore’s Finance and Treasury Centre (FTC) Incentive offers the most competitive tax benefits, with eligible companies enjoying preferential tax rates of 5%-10%, significantly lower than the standard corporate tax rate of 17%. The newly introduced “Green Treasury Incentive Scheme” in 2024 provides an additional 3% tax reduction for treasury centers engaged in green finance activities to support sustainable finance development.

Hong Kong adopts a two-tiered profits tax system, where treasury centers pay 8.25% tax on their first HKD 2 million in profits and 16.5% on the remainder. The “Green and Sustainable Finance Grant Scheme” launched in 2024 offers tax credits of up to HKD 5 million for treasury centers meeting ESG standards. Additionally, Hong Kong’s comprehensive double taxation agreement network has expanded to 45 jurisdictions, providing more tax planning opportunities for cross-border operations.

The Japanese government has introduced targeted tax incentives to enhance international competitiveness. The revised “Special Measures Act for International Financial Center Development” in 2024 provides corporate tax exemptions for up to 5 years for foreign-invested treasury centers established in Tokyo, effectively reducing the tax burden to below 20%. Furthermore, preferential personal income tax rates of 20% are offered to foreign executives earning over 50 million yen annually.

3.3 Talent Resource Supply

Talent supply is crucial for the sustainable development of treasury centers. Singapore attracts global fintech talent through its “TechPass” scheme, with the quota increased to 3,000 in 2024 and work visa approval time reduced to 2 weeks. The Master’s Program in Treasury Management, jointly established by Singapore Polytechnic and Business School, produces over 200 professionals annually with an employment rate exceeding 95%.

Hong Kong SAR government implements the “Top Talent Pass Scheme” providing fast-track channels for high-end financial talent. The newly established “Youth Financial Talent Development Program” in 2024 invested HKD 1 billion to nurture professionals in digital finance and risk management through industry-academia collaboration. The “Treasury Management Professional Certification” launched by the Hong Kong Monetary Authority in cooperation with major banks has certified over 5,000 professionals.

Shanghai leverages its vast talent market advantage to establish a multi-tiered talent development system. The “Financial Talent Highland Program” launched in 2024 attracts international financial talent through housing subsidies and education support for their children. The “Corporate Treasury Management EMBA Program” at Shanghai Advanced Institute of Finance, delivered in bilingual mode, has trained over 1,000 senior financial management professionals.

3.4 Infrastructure Support

Advanced infrastructure is essential for efficient treasury center operations. Singapore’s “Smart Financial City” project invested SGD 10 billion in facilities including 5G network coverage and smart office systems. The Singapore Financial Data Center, launched in 2024, employs quantum encryption technology to provide secure data storage and processing services. The Singapore Exchange’s (SGX) upgraded real-time clearing system supports 24/7 operations with daily transaction volumes exceeding SGD 300 billion.

Hong Kong International Financial Centre Phase III, completed in 2024, added 500,000 square meters of office space equipped with smart building management systems and high-speed fiber networks. The “Commercial Data Interchange” platform launched by the Hong Kong Monetary Authority enables secure data sharing between banks and enterprises, processing over 10 million data points daily. The HKEX’s new generation trading system reduced latency to microsecond levels, significantly improving market efficiency.

Seoul Financial District Complex (SFDC) incorporates AI and IoT technologies to create an intelligent office environment. The enterprise financial management cloud platform developed by Korea Financial Telecommunications & Clearings Institute supports multiple language interfaces, providing integrated solutions for multinational corporations. Industrial Bank of Korea’s (IBK) blockchain supply chain finance platform has served over 2,000 enterprises with business volume exceeding 10 trillion won.

3.5 Operating Cost Analysis

Operating costs are a crucial consideration for companies choosing treasury center locations. According to the “Asia Pacific Treasury Center Operating Cost Survey Report,” comprehensive costs vary significantly across major cities. Singapore’s office rentals average SGD 80 per square meter monthly, with median annual salaries for professional talent around SGD 150,000, placing overall operating costs at medium levels. Government establishment and operating subsidies can offset 30%-40% of initial costs.

Hong Kong has relatively high operating costs, with office rentals in core business districts at approximately HKD 100 per square meter monthly and median annual salaries for senior financial talent approaching HKD 2 million. However, Hong Kong’s sophisticated financial infrastructure and market liquidity effectively reduce transaction costs, while various government subsidies and preferential policies partially offset high operating expenses.

Shanghai demonstrates clear cost advantages, with office rentals in Lujiazui Financial District averaging RMB 60 per square meter monthly and median annual salaries for professionals around RMB 500,000. The Lingang New Area provides rent subsidies and talent housing allowances, reducing operating costs by 20%-30%. Furthermore, Shanghai’s leading fintech applications help improve operational efficiency and optimize cost structures.

Tokyo maintains relatively high operating costs, with office rentals in the Marunouchi business district averaging JPY 8,000 per square meter monthly and median annual salaries for financial professionals exceeding JPY 15 million. However, the Japanese government provides substantial cost support through industrial development funds and innovation subsidies. The newly established “Digital Transformation Subsidy” in 2024 covers 50% of enterprises’ technology upgrade expenses.

Seoul maintains moderate operating costs, with office rentals in the financial district averaging KRW 100,000 per square meter monthly and median annual salaries for professionals around KRW 80 million. The Korean government offers multiple fiscal subsidies and tax incentives to promote financial industry development, potentially reducing actual operating costs by 25%-35%. The shared office spaces and smart facilities in Seoul Digital Financial Complex also help reduce fixed costs for startups.

When evaluating operating costs, enterprises need to consider both direct and indirect costs. Direct costs include venue rentals, labor expenses, and system construction; indirect costs involve market access, regulatory compliance, and cross-border transactions. Government incentives and support measures can reduce enterprise operating costs to varying degrees, but specific effects need to be calculated based on enterprise scale and business characteristics.

Application Path Optimization Recommendations

4.1 Preliminary Preparations

Enterprises need to conduct thorough preliminary preparations before applying to establish treasury centers, as this directly affects subsequent application success rates and operational efficiency. First, enterprises should form professional preparation teams comprising experts from finance, legal, tax, and IT fields. Based on 2024 practices, preparation teams typically require 6-8 core members, including at least 2 senior professionals with international treasury management experience. Once formed, the team should develop detailed project plans with clear timelines and responsibility assignments.

Market research is a crucial preparatory step. Enterprises need to analyze target market policy environments, financial infrastructure, and talent supply thoroughly. It is recommended to engage professional consulting firms for on-site investigations to evaluate the advantages and disadvantages of potential locations. For example, the Monetary Authority of Singapore provides free market consulting services with detailed establishment guidelines and policy interpretations. The Hong Kong Trade Development Council’s “One-Stop Service Center” also offers comprehensive consulting support.

Financial feasibility analysis is essential. Enterprises need to project business scale, funding requirements, and expected returns for the next 3-5 years and prepare detailed financial budget reports. According to latest requirements, enterprises must prepare sufficient operating capital – Singapore requires minimum paid-up capital of SGD 2 million for treasury centers, while Hong Kong requires HKD 5 million. Additionally, enterprises must consider initial establishment costs, recruitment costs, and system development investments.

4.2 Application Process Design

Application process design must fully consider regulatory requirement differences across locations. In Singapore, for example, enterprises must first apply for company registration with the Accounting and Corporate Regulatory Authority (ACRA) before applying for a treasury center license from the Monetary Authority. The entire process typically takes 2-3 months, with license approval taking 6-8 weeks. The new “Fast Track” program introduced in 2024 can reduce approval time to 4 weeks, though enterprises must meet stricter entry conditions.

Hong Kong adopts a phased approval model where enterprises must first apply for company registration with the Companies Registry, then apply for profits tax preferential recognition from the Inland Revenue Department, and finally apply for treasury center qualification from the Monetary Authority. The 2024 optimized procedures allow enterprises to process multiple approvals simultaneously, saving an average of 1-2 months. The SAR government also provides dedicated service officers to assist enterprises throughout the process.

Shanghai Free Trade Zone’s “One Network” platform has achieved online and intelligent application processing. Enterprises can submit application materials through a unified platform, which automatically conducts preliminary reviews and distributes to relevant departments. The new “Smart Pre-review” function added in 2024 can identify potential issues in application materials in advance, significantly improving application efficiency. Foreign enterprises can also enjoy “Green Channel” services with dedicated multilingual service personnel.

4.3 Key Points Control

Several key aspects require special attention during the application process. First is application material preparation – enterprises must ensure all documents are authentic, complete, and standardized. According to latest requirements, basic application materials include company articles, shareholder background information, business plans, financial statements, and compliance commitment letters. The business plan is particularly important, requiring detailed explanations of business models, risk control measures, and technical support solutions.

Personnel qualification certification is another key aspect. Enterprises must ensure key position holders meet regulatory qualification standards. For example, Singapore requires treasury center general managers to have at least 8 years of relevant experience and hold internationally recognized professional certifications. Hong Kong requires compliance officers to pass SFC licensed representative examinations. Enterprises should arrange training and certification plans for relevant personnel in advance.

Technical system implementation plans are also crucial for approval. Enterprises must demonstrate sufficient technical capability to support treasury center operations. In 2024, regulatory authorities generally increased system security requirements, particularly emphasizing data protection and network security control. It is recommended to select industry-certified system solutions and maintain professional technical teams for operations and maintenance.

4.4 Common Issues and Solutions

In practice, enterprises often encounter common issues requiring proper handling. First is the proof of funding sources – regulatory authorities generally require detailed explanations and supporting documentation for funding sources. Enterprises should prepare complete funding chain explanations in advance, including shareholder contribution proof and bank transaction records. For cross-border funds, compliance with foreign exchange regulations must be ensured.

Business scope definition is another common issue. Many enterprises lack clear understanding of permissible treasury center activities during application, leading to operational limitations later. Enterprises should carefully study each location’s business entry regulations and design business scope according to their needs. For example, Singapore allows broader business scope for treasury centers, including fund management, investment management, and risk hedging, though some high-risk activities require additional licenses.

Compliance risk control is often overlooked by enterprises. Regulatory authorities increasingly emphasize treasury centers’ risk management capabilities, requiring established internal control systems and risk management frameworks. Enterprises should reference international best practices in designing scientific risk assessment models and management processes. Professional compliance consulting services can be considered to improve risk control systems.

Insufficient talent reserves are another common issue. Many enterprises struggle to implement promised staffing plans, affecting operational effectiveness. Enterprises should adopt diverse talent acquisition strategies, including market recruitment, internal development, and external cooperation. Competitive compensation packages and career development paths should be established to maintain talent stability.

Additionally, enterprises need to maintain good communication with regulatory authorities. Dedicated liaison personnel should be assigned to maintain regular communication with regulatory departments. Policy changes should be monitored, important matters reported promptly, and issues consulted timely. Good regulatory relationships help improve application efficiency and facilitate future business expansion.

During the application process, enterprises should also guard against common compliance risks. For example, ensure all external communications comply with regulatory requirements and avoid exaggerated or misleading statements. When conducting cross-border business, fully consider legal and regulatory differences across jurisdictions to ensure business compliance. Professional legal counsel is recommended for guidance in avoiding potential risks.

Preventive measures can be adopted for various issues. For example, establish problem tracking mechanisms to regularly check application progress and identify and resolve issues promptly. Industry exchange mechanisms can be established to learn from other enterprises’ experiences. Professional consulting services can be considered for necessary technical support and expert advice.

Conclusion

In the context of profound changes in the global economic landscape, establishing efficient regional treasury centers has become an important measure for multinational enterprises to enhance international competitiveness. Through in-depth analysis of the unique advantages of various financial centers in the Asia-Pacific region, combined with enterprises’ own strategic development needs, enterprises can secure advantageous positions in increasingly competitive international markets. Treasury centers are not only core hubs for fund management but also strategic platforms for regional business expansion.

For enterprises planning to expand in the Asia-Pacific market, selecting suitable treasury center locations and establishing efficient operating systems directly impacts regional business development effectiveness. Enterprises need to conduct comprehensive evaluations across multiple dimensions including regulatory environment, tax policies, and talent supply, while fully utilizing development opportunities brought by digital technology innovation and regional economic integration to build treasury management systems with competitive advantages. Only by establishing regional treasury centers that meet their specific needs can enterprises achieve sustainable development in the Asia-Pacific region and maintain leading advantages in international competition.