Construction Equipment Trade
Cross-border supply of construction machinery, earthmoving attachments and electrical plant equipment, contracted out of Hong Kong.
Registered nature of business · Hong Kong Business Registration
Division 04
Financial Management & Services
Treasury, settlement and contract administration for the group and its trading counterparties. Not a regulated financial service.
Overview
This is the group’s own finance function, extended to the counterparties it trades with. It covers treasury, multi-currency settlement, working-capital planning and the administration of trade documentation. It is not a financial service offered to the public.
Scope of work
- Multi-currency settlement across HKD, CNH and USD
- Working-capital planning for trade cycles
- Contract administration and documentary credit handling
- Counterparty screening and payment controls
- Group-level budgeting and management reporting
01
Treasury and settlement
Contracts are settled in Hong Kong dollars, offshore renminbi or US dollars through the company’s bank accounts. Currency exposure across a trade cycle is planned when the contract is priced, not after.
Every payment is matched to an underlying contract and to the documents that evidence performance.
02
Contract and document administration
Preparation and checking of commercial invoices, packing lists, bills of lading and certificates of origin; handling of documentary credits and the discrepancy correspondence that goes with them.
Records are retained for the periods required by the Companies Ordinance and the Inland Revenue Ordinance.
03
Payment controls
Counterparty and sanctions screening before onboarding and before first payment; beneficiary details confirmed through a channel other than the one that supplied them; no payment to a third party that is not named in the contract.
These controls exist because the group moves goods across borders, not because a regulator requires them of a company of this kind.
Terms
Scope and limits
| Currencies | HKD, CNH, USD |
|---|---|
| Served | The group and its contractual counterparties |
| Deposit taking | None |
| Money service operation | None. No remittance or currency exchange for third parties |
| Asset management | None. No client money is held or managed |
| Investment advice | None given to any person |
Note
Drift Bay Holdings is not a licensed corporation under the Securities and Futures Ordinance (Cap. 571), not an authorised institution under the Banking Ordinance (Cap. 155), and not a licensed money service operator under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Cap. 615). Legal & risk notice
Other divisions 01 02 03
Property & Real-Sector Investment
Direct and co-invested positions in commercial property and in operating assets that sit behind the equipment trade.
Equity Investment
Minority and control positions in trading, machinery and industrial-services companies within the group’s field of competence.